The U.S. and Texas would then have the upper hand in controlling global prices, Sitton says. The challenge for the industry is public perception.
A work stoppage that began on Feb. 15 ends on Feb. 17 with an agreement to enter arbitration.
A new research report found that proposed federal railroad tank car safety standards will be costly to implement and also will increase air pollution.
New infrastructure conference assembles top energy talent in Wyoming.
Canada could become one of the world's top LNG exporters, but projects have not been constructed, as roughly 110 million tonnes of government-approved export capacity await FIDs, Reuters said.
The Sempra Energy subsidiary requested the pre-filing review for its proposed Port Arthur LNG facility in Port Arthur, Texas. It could handle about 10 million tonnes per year.
NextDecade LLC owns Rio Grande LNG. The project includes the 129-mile proposed Rio Bravo Pipeline and the Rio Grande LNG facility with six, 4.5-tonnes per year-capacity liquefaction trains, Reuters said.
Houston-based Matt Sullivan and Vancouver, British Columbia-based Simon Nish took over Madeline Whitaker’s duties as president and overseeing the development of Prince Rupert LNG, Reuters said.
The pipeline will move 80,000 barrels of crude oil from Longview, Texas, to Shreveport, La., and El Dorado, Ark. The joint venture between the companies creates Caddo Pipeline LLC.
The pipeline transports condensate from DeWitt County, Texas, to the Port of Victoria. It handles about 50 Mbbl/d. The dropdown transaction’s total cost ranges between $210 million and $220 million.
The pipeline will be part of the RIO midstream and downstream system. The RIO system’s rail facility is near Loving, N.M.
Kinetic energy created by a derailment factors more heavily in the size of a fire than whatever the train is hauling, according to a report, the American Petroleum Institute said.
Democratic lawmakers wrote in cosponsored legislation that “these outdated cars pose an alarming risk,” Reuters said. Sen. Maria Cantwell introduced the legislation concerning regulation of train-transported Bakken crude oil.
Train shipments of crude oil from Alberta's oil sands are potentially as flammable as North Dakota Bakken oil. Viscous bitumen from the oil sands is mixed with one-third condensate, Reuters said.
Charles Drevna, president of American Fuel & Petrochemical Manufacturers, said preventing crude oil train derailments is the rail industry’s responsibility, Reuters said. Poor track conditions helped cause over 1,100 derailments last year.