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 top 10 frack sand suppliers claim 55% of total business, while more than 40 companies make up the remaining percentage.
The company says it simply didn’t see the market demand justify the continued production of what was one of the only dedicated natural gas-fueled consumer vehicles.
With the rich resources of the Marcellus and the Utica, the terminal is in transition to handle LNG exports. Yet, the terminal will continue to handle imports.
Re-exports from European LNG import terminals could intensify given the wide spread between domestic gas hub prices, currently trading around $6.10 per million British thermal units, and Asian markets, Reuters said.
The mid-scale LNG facility will use about 115 acres of available land in Lake Charles, La., on a long-term lease through the Lake Charles Harbor and Terminal District.
Trafigura is blazing a trail for trade houses, adopting highly successful tactics used in oil markets, to get an edge in the burgeoning LNG sector, Reuters said.
Report describes how expanding supply will overwhelm growth in demand.
President expected to announce denial of TransCanada project before Labor Day holiday, sources say.
ExxonMobil Corp and BHP Billiton will replace a 187 kilometer (116 mile) pipeline that transports crude oil and condensate between two of their sites in Australia's Victoria state, Reuters said.
Statoil’s Polarled gas pipeline will open a new gas highway from the Norwegian Sea to Europe by crossing the Arctic Circle. The 482-kilometer pipeline is being transported by Allseas’ Solitaire vessel.
White House spokesman Josh Earnest said he had not seen report in a Canadian newspaper saying President Barack Obama would deny permit for Keystone before Labor Day weekend, Reuters reported.
Gov. Jack Dalrymple of North Dakota will not seek re-election in 2016, Reuters reported. Dalrymple helped tighten Bakken Shale regulatory standards and pushed through regulations concerning rail transport of oil.
This is the third commitment EnCap has made to a Rangeland company, bringing the total to more than $600 million since Rangeland’s formation in late 2009. Rangeland II focuses on the Delaware Basin.
Federal Railroad Administration now requires two qualified railroad employees to ensure that handbrakes and other safety equipment have been properly set on unattended crude oil or ethanol trains, Reuters said.
Maverick Terminals LLC acquired majority interest in GT Omniport Terminal from GT Logistics LLC. GT Omniport currently handles crude oil, but will be expanded to handle refined products and NGL.