Alberta’s energy minister, Marg McCuaig-Boyd, said royalty rates paid by oil and gas companies will not change until 2017, helping companies budget for the important winter drilling season, Reuters reported.
"Spreads in U.S. crude yesterday were weaker across the board, even though the spot contract was up 10%," Tariq Zahir at Tyche Capital Advisors in Laurel Hollow, N.Y., said, Reuters reported.
ExxonMobil Corp and BHP Billiton will replace a 187 kilometer (116 mile) pipeline that transports crude oil and condensate between two of their sites in Australia's Victoria state, Reuters said.
Statoil’s Polarled gas pipeline will open a new gas highway from the Norwegian Sea to Europe by crossing the Arctic Circle. The 482-kilometer pipeline is being transported by Allseas’ Solitaire vessel.
Cause of pipeline fire near Marsh Island, La., will not be disclosed until an investigation is completed, Boardwalk said. The 10-inch pipeline belongs to Gulf South Pipeline Co., Reuters said.
The US$907 million sale to North Sea Midstream Partners, an ArcLight Capital affiliate, includes the Frigg U.K. and SIRGE gas pipelines and the St. Fergus gas terminal, Reuters said.
TransCanada might convert 3,000 kilometers of one of its Canadian Mainline pipelines that is currently not fully contracted on a firm basis from gas to oil service for Energy East.
Gasoline stocks rose 1.7 million barrels, compared with forecasts for a 1.3 million-barrel drop. Distillates climbed 1.4 million barrels, vs. expectations for a 1.0 million barrels increase, Reuters said.
Natural resources contamination resulted from refineries in Bayonne and Linden, N.J., and elsewhere. Some surface water damages claims can still be pursued, said John Hoffman, acting attorney general, Reuters said.
Key North American Hub Prices: August 25, 2015
After a decade in the Haynesville, the company shifted from natural gas to a broader asset base that included liquids. The company also gains relief from obligations to its midstream assets.
AGL is planning to spend $670 million on interstate pipeline construction projects, including infrastructure from the Marcellus and Utica and that could grow volumes moving to the Southeast, Midcontinent and Eastern Canada.