New infrastructure conference assembles top energy talent in Wyoming.
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.
Chevron Corp.’s Australian subsidiaries signed a binding sales and purchase agreement (SPA) with a division of South Korea’s SK Group, SK LNG Trading Pte Ltd.
Most of the proposed LNG plants meant to ship cargoes out of the U.S. will “never be built” as the collapse in oil prices damps global demand for the nation’s gas, according to Sanford C. Bernstein & Co.
Excelerate Energy LP completed its 700th commercial Ship-to-Ship (STS) transfer of LNG on Jan. 7 in Escobar, Argentina, at the GNL Escobar LNG import facility, the company said in a statement.
Research firm Wood Mackenzie released its annual review of the LNG industry, titled “LNG: 2014 in Review,” the company said in a Jan. 8 statement.
The Republican-controlled U.S. Senate passed a bill to approve the Keystone XL pipeline, setting up a conflict with President Barack Obama who has promised a veto.
The pipeline is estimated to cost approximately $300 million, subject to final pipeline design and shipper commitments, and is anticipated to be financed using a combination of debt and equity.
Barclays and Citigroup will act as joint book-running managers and structuring agents for the offering.
Spectra Energy Corp. and Spectra Energy Partners will acquire, through their affiliate Spectra Energy Transmission II LLC, 100% of the equity interests in Brazoria Interconnector Gas Pipeline LLC (BIG).
Watco also named Will Patterson and Derek Penner as Terminal and Port Services senior vice presidents of marketing and sales.
BNSF Railway Co., the railroad owned by Warren Buffett’s Berkshire Hathaway Inc., is reconsidering a plan to buy 5,000 oil tank cars built to new safety standards after some customers voiced concern about the initiative.
In a new report titled “Crude by Rail: The New Logistics of Tight Oil and Oil Sands Growth,” IHS said that a peak in crude-by-rail transport is expected at about 1.5 million barrels per day (MMbbl/d) in 2015 or 2016.
BNSF Railway Co. plans to apply a $1,000 surcharge for each older crude tank car, denting profits for shale drillers in North Dakota.