U.S. shale oil will ultimately find its place in refineries designed for light, sweet crude and head-to-head competition with OPEC once demand catches up to supplies.
Competition from Africa, Iran limits markets for light, tight oil from North American shale plays.
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.
Delay came as Shell reported its lowest annual income in more than a decade and said it would cut costs to cope with weak oil prices if needed, Reuters said.
ENN Group signed a preliminary deal last month to buy 500,000 more tonnes of LNG a year over 10 years from Chevron’s giant Gorgon project in Australia, Reuters said.
The Caribbean would be in the intended market for about 1 million tonnes per annum of LNG exported yearly to several countries from the proposed export facility in Jacksonville, Fla.
As many as 83% of shareholders voted in favour and 17% against the deal, one of the largest in the energy sector in the past decade.
Peter Brinckerhoff of Florida was awarded the fee for putting in more than 1,500 hours on the case, which resulted in one of the largest damage awards in the history of Delaware's Court of Chancery, which heard the case.
The four misdemeanor charges accuse SoCalGas of failing to report the release of hazardous materials following the underground pipeline rupture and discharging air contaminants, Reuters reported.
Sabal Trail Transmission has involved stakeholders, local community officials and federal and state agencies in the process for more than two and a half years.
Canada stands ready to provide up to C$250 million to the province in the form of advance fiscal stabilization payments, said Trudeau, who spoke at a news conference with Alberta Premier Rachel Notley.
Global Partners has been expanding its railport and terminal at Port of St. Helens in Clatskanie, Ore., to increase storage, handle Panamax-sized vessels and increase crude offloading capability, Reuters said.
California Energy Commission data show most 2015 crude shipped from New Mexico, Utah and Wyoming, with Utah stopping in July. No North Dakota Bakken crude’s arrived since October 2014, Reuters reported.
The Benicia Planning Commission objects to the Phillips project, which would handle heavy crude at its Santa Maria refinery in Arroyo Grande, Calif., Reuters said.
Instead, shale production from North Dakota has been shrinking and those refiners have resumed buying imported crude.