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.
GE and Sabine Pass Liquefaction, a subsidiary of Cheniere Energy Partners LP, entered into a $1 billion, 20-year service contract.
Cheniere Energy Inc. announced that its subsidiary Corpus Christi Liquefaction LLC entered into an LNG sale and purchase agreement (SPA) with EDP Energias de Portugal SA.
Apache Corp. agreed to sell its interest in the Wheatstone LNG project and the Kitimat LNG project, along with accompanying upstream oil and gas reserves, for $2.75 billion to Woodside Petroleum Ltd.
Kinder Morgan Inc. (KMI) announced that Kinder Morgan Texas Pipeline, Kinder Morgan Tejas Pipeline and Tennessee Gas Pipeline Co. entered into 15-year firm transportation agreements and a multi-year storage agreement with Cheniere Energy Inc. through its subsidiary, Corpus Christi Liquefaction LLC.
Meritage Midstream Services II LLC announced that operations on the first 108-mile leg of the Thunder Creek NGL Pipeline will begin in January 2015.
Tallgrass Pony Express Pipeline LLC will extend its local open season and its joint open season with Hiland Crude LLC to accommodate interested shippers.
The Northeast oil and gas industries have been transformed in a way usually reserved for the movies, but more hard work is necessary to achieve full stardom.
Ohio River Valley Pipeline LLC, an affiliate of the EnLink Midstream companies, announced the start of a binding open season for volume commitments on a new condensate pipeline system.
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.
A joint venture between Tesoro Refining & Marketing Co. LLC and Savage Cos., Vancouver Energy is a proposed crude oil terminal to be located at Port of Vancouver USA.
TransCanada Eyes Crude-By-Rail Business