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.
Gas will flow between Transco’s Station 65 in St. Helena Parish, La., to mainline interconnects with proposed header pipelines in Wharton County, Texas, and San Patricio County, Texas.
ConocoPhillips last received an export license from the federal government for the Kenai plant in April 2014. It also authorized the company to export about 40 Bcf of gas over a two-year period.
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.
Firm transportation capacity can be acquired under minimum 10-year term agreements on the Howard Lateral and the Wolfcamp Connector expansion.
Crude delivered to the nearby Little Muddy interconnect will ship to various downstream markets including Chicago and Patoka, Ill., Cushing, Okla., eastern Canada and the U.S. Gulf Coast.
Rebel groups, the Revolutionary Armed Forces of Colombia (FARC) and National Liberation Army (ELN), have often targeted oil infrastructure, bombing pipelines and trucks carrying crude oil, Reuters said.
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.