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 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.
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.
HollyFrontier Corp.’s (HFC) aim is simple: get higher values at the bottom of the barrel.
A pair of deals is the latest step in incrementally upping the company’s take home pay.
Affiliate Holly Energy Partners LP (HEP) said Sept. 3 it has acquired a 50% interest in Frontier Pipeline Co., owner of the Frontier Pipeline of Wyoming, from an affiliate of Enbridge Inc. (ENB).
HollyFrontier also executed a dropdown to Holly Energy that gives it a stake in a refinery locked in with Cushing, Okla.
The Frontier Pipeline Co. will continue to be operated by an affiliate of MLP Plains All American Pipeline LP (PAA), which owns the remaining 50% interest.
The 296-mile crude oil line runs from Casper, Wyo., to Frontier Station, Utah. It has a 72,000 barrel per day (bbl/d) capacity. The line supplies Canadian and Rocky Mountain crudes to Salt Lake City area refiners through a connection
Virginia Southside Expansion provides 270,000 dekatherms per day of incremental transportation capacity. About 100 miles of pipeline run from Transco mainline in Pittsylvania County, Va., and end in Brunswick County, Va.
Expansion of Peace and Northern Phase II pipeline is underpinned by 5-to-10 year take-or-pay commitment contracts from about 40 customers. Conventional pipelines business’ total capacity will increase to about 830Mbbl/d.
A.J. (Jim) Teague, COO of Enterprise’s general partner, said Aegis’ route will serve about 20 petrochemical facilities representing more than 90% of the nation’s ethylene capacity by 2020.
Phase one of the project calls for more than 33,000 feet of track and is expected to be completed in the first quarter of 2016.
Canexus Corp.’s North American Terminal Operations crude-by-rail transloading facility has connections to Cold Lake and Access crude oil pipeline systems, and links to Canadian Pacific and Canadian National rail lines.
Gennessee and Wyoming short-line railroad collects $5 a day on about 2,000 idle crude rail cars in Utah, the Midwest and Canada, Michael Miller, chief commercial officer, said, 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.