In South Texas and North Dakota, where shale drilling has propelled U.S. oil production to the highest level in 28 years, thousands of 18-wheel trucks are rumbling to wells on roads designed decades ago for farmers to bring crops to markets.
Wells Fargo Securities reports that the MLP sector outpaced the S&P 500 for the fourth straight month.
The U.S. shale revolution has fundamentally altered domestic hydrocarbon flows, necessitating a “replumbing” of America as new sources of supply are connected to long-haul transportation and key end markets.
Rangeland CEO announces start of construction on Delaware Basin rail, storage and pipeline facility.
Queensland venture marks construction milestone in what will contribute to surge of supply on global markets.
Gazprom’s intention to increase its liquefaction capacity by 250% to 25 million tons per year by 2018 in the global LNG market will pose challenges to the company, according to a GlobalData analyst.
DNV GL appointed Arve Johan Kalleklev as regional manager for oil and gas in Southeast Asia.
Tenaska NG Fuels LLC and Waller Marine Inc. agreed to develop, build, own and operate Louisiana’s first gas liquefaction and fueling facility on the New Orleans-Baton Rouge Mississippi River corridor, with access to the Gulf of Mexico.
Phillips 66 Partners agreed to acquire two newly constructed crude oil rail-unloading facilities and certain assets associated with the Cross-Channel Connector Pipeline from Phillips 66.
JBBR Pipeline LLC announced the commencement of a binding open season to solicit long-term volume commitments from customers for interstate common carrier transport service on a new crude oil pipeline system.
Magellan Midstream Partners LP extended the open season for commitments on its proposed Saddlehorn Pipeline.
Central New York Oil & Gas Co. LLC successfully concluded a non-binding open season on its proposed Marc II Pipeline.
American International Group Inc. (AIG) expanded excess casualty liability limits for Class 1 railroads in the U.S. and Canada to $1 billion per occurrence.
NuDevco Midstream Development LLC, sponsor of Houston-based Marlin Midstream Partners LP, purchased land in Eunice, N.M., for a crude oil terminalling site.
Union Pacific (UP) announced Oct. 2 it will proceed with plans for a new rail yard in Robertson County, Texas, near Hearne.