Storage
Survey Shows North Carolina Voters Support Offshore Energy Development
UPI reported strong bipartisan majorities of registered North Carolina voters support increased production of U.S. oil and natural gas, citing a poll by the North Carolina Petroleum Council.
Greenhouse Gas Intensity Of Average Crude Refined In U.S. Unchanged by Growth Of Oil Sands Imports
The growth in U.S. imports of Canadian oil sands in recent years has not impacted the overall greenhouse gas (GHG) intensity of the U.S. supply mix, according to a new study by IHS, a leading global source of critical information and insight. The growth of oil sands imports were offset by substitution for similar sources of supply and by increase in lower-carbon tight oil displacing relatively higher carbon imports from Africa and elsewhere, the study says.
Report Points To Closing Oil-Gas Price Gap
A new CME Group report suggested that if natural gas only increases its share of energy use for transportation from the current 3% to the 7-10% range over the next five years, the result would translate into a dramatically faster closing of the energy price gap.
Global M&A Markets Appear Poised For Rebound
PLS Inc., a leading Houston-based research, transaction and advisory firm, in conjunction with its international partner Derrick Petroleum Services, reports global upstream oil and gas M&A activity for Q1 2014 of $40.7 billion spread across 192 transactions (including 133 with deal value disclosed).
MPL Plans Crude Line Upgrade
Minnesota Pipe Line Company, LLC plans a project that will use available capacity on its newest pipeline – Line 4 – to ensure the overall reliability of its pipeline system.
Economist Schools Public And Industry On Vital Role Of Communication
While the energy industry’s share of the economy is on the upswing, the business is in many ways still a specialty field, with innumerable complex issues at play between companies, regulators and the public when it comes to development, conservation and jobs. Few people understand the interplay well enough to provide context to those not in the midst of it, and those in the middle can lose sight of the big picture. Bernard “Bud” Weinstein, Ph.D., is applying his considerable talents to bridging those gaps.
Regency Energy Plans Processing Plant, NGL Pipeline In North Louisiana
Regency Energy Partners will build a processing plant and NGL pipeline at Regency’s Dubberly facility in north Louisiana.
PDVSA To Boost Orinoco Oil Belt Production
Petroleos de Venezuela, S.A. (PDVSA) is moving forward with a series of heavy oil developments in the Orinoco Oil Belt that will allow a significant increase in production while requiring the development of massive new infrastructure, Ruben Figuera, director of new developments in the Orinoco Oil Belt, told the World Heavy Oil Congress 2014 in New Orleans.
What the Oil Boom Means And Doesnt Mean For Energy Security
When we graduated from the United States Naval Academy in 1968, the American oil industry was in the midst of a boom. Domestic crude production had increased every year for nearly a decade, and Texas was the world’s swing oil producer, providing our nation with important strategic flexibility.
Confluence Of Events Underscores Problems Getting Propane To Market
That so many Americans found themselves without enough propane to heat their homes adequately this winter can be attributed to several factors. Oddly enough, though, experts agree none of these involve an actual shortage of fuel.
Enbridge Embarks On $7 Million Mainline Replacement Project
Enbridge Inc. plans to replace Line 3, a 1,031-mile, 34-inch pipeline that has been in operation since 1968 and is one of six crude oil pipeline that comprise the its mainline system.
IEA Economist: Shale Gale Will Result In 20 Years of U.S. Dominance
IEA Chief Economist Fatih Birol synthesized the agency’s 2013 World Energy Outlook and his own analysis to suggest that for the next 20 years, low energy costs caused by the early and plentiful development of shale gas and energy infrastructure will give the United States a large competitive advantage over other nations when it comes to attracting and developing business.
Mark West Completes 7 Major Projects In 4 Months
In recent months, MarkWest Energy Partners has commenced operations of seven major infrastructure projects in the Northeast, including five new cryogenic processing plants totaling 1 Bcf/d of capacity and two fractionation facilities totaling 98,000 bpd of C2+ fractionation capacity.
Study Estimates U.S. And Canadian Midstream Investments At $30 Billion Per Year
The U.S. and Canada will require annual average midstream natural gas, crude oil and natural gas liquids midstream infrastructure investment of nearly $30 billion per year, or $641 billion (real US$2012) total over the 22-year period from 2014 to 2035, a new study found.
API Considers New Voluntary Recommended Practice For Pipeline Safety
An American Petroleum Institute (API) advisory committee released a draft "recommended practice" describing a safety management system (SMS) for natural gas and liquid pipelines at a meeting sponsored by the Pipeline and Hazardous Materials Safety Administration (PHMSA) in February. The API was taking comments through April 11 and will approve RP1173, in some form, later this year.
Editor's Notebook: Arctic Friendship
I’m watching the Crimeans celebrate in the streets after the Russian invasion. Don’t you understand you’ve just lost your freedom? Then again, they may have had guns pointed at them.
Genesis Energy To Build $150 Million Terminal In Louisiana
Genesis Energy, L.P. plans to invest $150 million to construct a crude oil, intermediates and refined products import /export terminal in Baton Rouge, LA. The terminal will be located on 90 acres of land near the Port of Greater Baton Rouge and connect to the port’s existing deepwater docks on the Mississippi River.
Rail Transportation Of Oil: A Growing Congressional Safety Concern
Both House and Senate committee leaders with jurisdiction have begun to show impatience with what they view as out-of-date federal regulations on railroads carrying oil produced in the Bakken, Eagle Ford and Marcellus shale regions.
BP: Global Energy Demand Growth Slowing, Despite Increases Driven By Emerging Economies
Global energy demand continues to grow but that growth is slowing and mainly driven by emerging economies - led by China and India - according to the BP Energy Outlook 2035.
Pipeline Industry Growth Fueled By Increasing Global Energy Demand, Shale Gas Exploration
Increasing oil and natural gas consumption in Asia-Pacific has made a significant contribution to the need for increased pipeline construction investment worldwide. The region is expected to surpass Europe to become a major growth gas market by 2015. Developing economies in the Asia-Pacific region, such as India and China, have been importing substantial quantities of crude oil and natural gas for domestic consumption and industrial use.
Crosstex To Build Pipeline In Permian Basin
The Crosstex Energy companies, Crosstex Energy, L.P. and Crosstex Energy, Inc., is continuing to expand its gas gathering and processing capabilities in the Permian Basin through a new long-term, fee-based agreement with a major oil and gas producer in the region.
North Dakota Gas Flaring is Creating Firestorm of Controversy
Recently filed class-action lawsuits by North Dakota landowners have brought renewed attention to the controversial practice of gas flaring in that state. In their suits, the landowners claim that major producers in the region, including Continental Resources, XTO and Marathon are costing those owners their share of royalties on as much as $100 million per month of value in natural gas that has gone up in flames in order to keep oil production flowing.
Industry Associations Asks Help With Oil Spill Surveillance
The global oil and gas industry needs better ways to plan for oil spill surveillance, and it’s looking to the airborne remote sensing and commercial satellite industries for help.
Kinder Morgan, Targa Resources Form Texas JV
Kinder Morgan Energy Partners (KMP) LP and Targa Resources Partners LP have signed a letter of intent to form a joint venture to construct natural gas liquids (NGL) fractionation facilities at Mont Belvieu, TX, to provide services for producers in the Utica and Marcellus shale resource plays in Ohio, West Virginia and Pennsylvania.
Economist Foresees Move Away From Shale Investment
A leading energy economist expects the shale boom to retreat somewhat amid weak returns on capital investments that are already causing investors to turn their attention offshore where “risks are more understood.”
Court Rejects BPs Gulf Spill Settlement Appeal
One of BP’s attempts to curb pay outs for what it says are “fictitious” and “absurd” claims related to the 2010 Deepwater Horizon oil spill has failed after an appeal was rejected by a U.S. court, according to Reuters.
Obama to act on Keystone in next couple of months
WASHINGTON (AP) — President Barack Obama told U.S. state governors at a White House meeting Monday that he expects to decide on the proposed Keystone XL oil pipeline from Canada in the next couple of months, two Republican governors said.
Growth In Domestic Crude, Natural Gas Expected To Continue For Many Years
The U.S. Energy Information Administration's Annual Energy Outlook 2014 Reference case shows that recent growth in domestic crude oil and natural gas production is expected to continue for many years.
Eagle Ford Shale Will Continue To Contribute Significantly Toward Crude Oil Production
Production from the Eagle Ford Shale – an unconventional resource play – will continue to grow in 2014, fueling a reduction in net crude imports and driving exports of refined products in the U.S. to pre-1990 levels, says a report from research and consulting firm GlobalData.
Train accidents stir worries about crude transport
BILLINGS, Mont. (AP) — At least 10 times since 2008, freight trains hauling oil across North America have derailed and spilled significant quantities of crude, with most of the accidents touching off fires or catastrophic explosions.
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
- Williams Delays Louisiana Pipeline Project Amid Dispute with Competitor Energy Transfer
- Evacuation Technologies to Reduce Methane Releases During Pigging
- Editor’s Notebook: Nord Stream’s $20 Billion Question
- Enbridge Receives Approval to Begin Service on Louisiana Venice Gas Pipeline Project
- Russian LNG Unfazed By U.S. Sanctions
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
