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.
BNSF executive chairman says his company is ready to transport a potential rebound in oil production.
By 2019, 8.5 billion cubic feet of LNG could leave market, affecting prices during very cold winters, Bloomberg new energy finance analyst and BNP Paribas’ commodity investor team director said.
Of the positions that will be eliminated 950 are in the Houston, where Chevron has about 8,000 employees.
Anadarko Petroleum Corp. has no interest in selling down its stake in planned LNG project in Mozambique, CEO Al Walker said, Reuters reported. Anadarko wants to operate the multibillion-dollar project.
Bernstein cites Shell, Woodside projects in its sunny outlook for LNG at sea.
Construction on the Heartland Line from Edmonton, Alberta, to Hardisty is indefinitely delayed because the Keystone XL and Energy East systems it would supply are delayed, executives said, Bloomberg reported.
Enbridge Inc. is considering natural gas and power generation acquisitions to help boost the diversity of its asset base, the company's CEO said July 31, Reuters said.
The company, whose Mainline system moves the bulk of Canadian crude exports to the United States, added further capacity over the last 12 months to meet demand, Reuters said.
Mier-Monterrey pipeline could carry about 1.340 billion cubic feet per day of natural gas. Existing pipeline will be looped from the Mexico-U.S. border to Huinalá, Nuevo León, Mexico.
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.
PES would receive controlling interest in crude oil rail-loading facility handling 210,000 barrels per day, nearly 1 million barrels of oil storage and 39-mile pipeline in North Dakota, Bloomberg said.
None of the 35,000 gallons of crude oil reached waterways in a July 16 spill from a BNSF train east of Culbertson, Mont., officials told Reuters.