HollyFrontier executes the purchase of half of Frontier Pipeline Co., which flows to another pipeline in which it already owns a one-quarter interest. Frontier Pipeline will still be operated by Plains All American.
U.S. petroleum and petroleum product shipments were down 4.7% for the year through the end of August, compared to the first eight months of 2014.
Risk of incident far below transport by rail or road, non-partisan think tank concludes in new study.
Bipartisan momentum is accelerating to lift a long-standing U.S. ban on crude-oil exports that could add more than $1 trillion to cumulative government coffers from 2016 to 2030.
The Al-Oraiq did not leak any petrochemicals, but took on water. It was towed to Zeebrugge, Reuters reported. It was headed for Marshall Islands but collided with Spain-bound freighter Flinterstar.
Morocco’s LNG imports plan is worth US$4.6 billion. By 2025, 7 billion cubic meters of gas could be imported, Reuters said. Jetty, terminal, pipelines and gas-fired power plants are planned.
Total sees more opportunities in Iran on the LNG side than in conventional oil developments, analysts say.
Declining gas demand and poor economics for plans to build regional LNG import terminal and gas link to Estonia led Finland’s Gasum gas utility to cancel the plans, Reuters said.
The JV significantly increases Rice's leading midstream position in the core of the Utica Shale.
Expanding pipeline projects would be on the new investment plan’s agenda, CEO Al Monaco said Oct. 7. In tough permitting and regulatory environment, he said, 16 projects are currently underway.
Crude oil will move from Cushing, Okla., to U.S. Gulf Coast markets. Open season will end on Nov. 6. Pipeline is scheduled to be in service in early first-quarter 2016.
The total transaction value was about $2.1 billion. The NET Mexico Pipeline, the largest pipeline in the portfolio, transports low-cost domestic shale gas to Mexico.
Months after new rules were adopted to make rail cars hauling crude safer, oil companies discover new standards are more expensive and complicated than first thought, Reuters said.
Union Pacific Railroad serves the facility, which has 29,000 feet of track, including two unit train loop tracks, to move oil and frack sand to and from the Permian Basin.
The 300-acre rail yard has 160 direct train-to-truck car spots. Shale Support owns the yard. CIG will provide the Southton Rail Yard with operational expertise and business development.
The use of pipe to transport oil out of the No. 2 U.S. crude producing state continues to climb, nearly reaching parity with rail this month.