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.
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 Al-Oraiq did not leak any petrochemicals, but took on water. It was towed to Zeebrugge, Reuters reported. It was headed for Marshall Islands but collided with Spain-bound freighter Flinterstar.
Morocco’s LNG imports plan is worth US$4.6 billion. By 2025, 7 billion cubic meters of gas could be imported, Reuters said. Jetty, terminal, pipelines and gas-fired power plants are planned.
Total sees more opportunities in Iran on the LNG side than in conventional oil developments, analysts say.
Declining gas demand and poor economics for plans to build regional LNG import terminal and gas link to Estonia led Finland’s Gasum gas utility to cancel the plans, Reuters said.
The total transaction value was about $2.1 billion. The NET Mexico Pipeline, the largest pipeline in the portfolio, transports low-cost domestic shale gas to Mexico.
Pennant owns Hickory Bend processing plant and related gathering systems in Pennsylvania and Ohio. Roughly-$400 million investment includes about 41 miles of wet gas field gathering and high-pressure pipeline facilities.
Sanchez intends to invest about $115 million and receive a 50% ownership interest in the plant and pipelines, which will be located near its Catarina asset in the Eagle Ford.
The Oklahoma City company entered into an agreement to acquire the Piñon Gathering Co. LLC from EIG Global Energy Partners for $126 million.
Months after new rules were adopted to make rail cars hauling crude safer, oil companies discover new standards are more expensive and complicated than first thought, Reuters said.
Union Pacific Railroad serves the facility, which has 29,000 feet of track, including two unit train loop tracks, to move oil and frack sand to and from the Permian Basin.
The 300-acre rail yard has 160 direct train-to-truck car spots. Shale Support owns the yard. CIG will provide the Southton Rail Yard with operational expertise and business development.
The use of pipe to transport oil out of the No. 2 U.S. crude producing state continues to climb, nearly reaching parity with rail this month.