State and federal agencies clean up crude oil that leaked from a Plains All American Pipeline LP pipeline in Santa Barbara County, Calif., on May 20.
Pacific NorthWest is one of 19 LNG projects proposed in British Columbia to chill and ship western Canadian natural gas to Asia growing energy markets in Asia, Bloomberg said.
Mary Lyman, executive director, said the National Association of Publicly Traded Partnership’s market has expanded and there are now more than 100 MLPs nationwide. NAPTP is based in Washington, D.C.
Azure applied to list its common units on the New York Stock Exchange (NYSE) under the ticker “AZUR,” and gave NASDAQ Global Market written notice to delist its common units.
Oil leaked from a 24-inch pipeline in Santa Barbara County, Calif. Pipeline belongs to Plains All American Pipeline LP. Initial reports said oil reached a culvert leading to Pacific Ocean.
Former chief Texas regulator Barry Smitherman says exports and the migration from coal to natural gas pave the way to the future.
Palmetto will transport petroleum products from Louisiana, Mississippi and South Carolina to parts of South Carolina, Georgia and Florida. Palmetto will handle 167,000 barrels per day of capacity.
The first tanker carrying LNG from shale fields leaves Louisiana’s Sabine Pass terminal in December. Gas from Bakken and other fields will make the U.S. the third-biggest exporter by 2020.
Attorneys from Baker Botts advise that it’s too early to panic, but not too soon to closely examine IRS regulations and offer comments.
China—third-largest LNG market—demands lender-required equity stakes for signing LNG purchase agreements, Michael Smith, Freeport LNG Development LP CEO, told Bloomberg. LNG goes to non-FTA countries through six projects.
WTI's recent 40% rebound from six-year low is precarious unless oil demand accelerates, Bloomberg said. Energy Information Administration said global oil demand will grow just 1.3 million barrels a day.
China’s government might spin biggest oil companies’ pipelines into separate businesses, people with knowledge of private matter told Bloomberg. An analyst said the assets could be worth US$300 billion.