Storage
Kinder Morgan Executive Discusses Challenging Aspects Of Double Eagle Pipeline Project
Kinder Morgan is the largest midstream and the third-largest energy company (based on combined enterprise value) in North America. Kinder Morgan owns an interest in or operates approximately 80,000 miles of pipelines and 180 terminals. The company’s pipelines transport primarily natural gas, refined petroleum products, CO-2 and crude oil and its terminals store, transfer and handle such products as gasoline, ethanol, coal, petroleum coke and steel. Combined, Kinder Morgan has an enterprise value of approximately $110 billion.
Williams/Boardwalk JV To Develop LPG Export Facility Terminal
Williams and Boardwalk Pipeline Partners, LP have executed joint venture agreements to continue developing an LPG export facility in the Lake Charles, LA area.
Magellan Midstream To Add New Origin Point, Expand Longhorn Capacity
Magellan Midstream Partners plans to construct a new origin at Barnhart, TX to accept crude oil shipments on the Longhorn pipeline.
Navigator Energy Holds Open Season For Crude Line
Navigator Energy Services, LLC recently held a binding open season for long-term shipper volume commitments of crude oil from non-affiliated shippers for capacity on a new crude oil pipeline system -- Big Spring Gateway or BSG System -- originating near Big Spring, TX, for deliveries to the Colorado City, TX Tank Farm.
1 Trillion Barrels: Global Potential Of Undeveloped Discoveries
Around the world there are nearly 1.4 trillion barrels of oil equivalent (boe) reserves in conventional undeveloped oil and gas fields according to Wood Mackenzie’s latest upstream outlook. This includes nearly 1.1 trillion boe of "technical reserves" – a term Wood Mackenzie uses for reserves for which there are no firm development plans in place.
Inergy, Enserco Team Up For Crude Oil Rail Terminal JV
An Inergy Midstream LP and Enserco Midstream LLC joint venture will own and operate a crude oil rail terminal, located in Douglas County, WY.
Prices, Transportation Determine Future For Canadian Oil And Gas
Recent reports on the state of crude oil and natural gas production in Canada suggest that the transportation bottleneck at the border will have long-ranging effects on Canada’s energy markets.
Crosstex Reaches Crossroads With ‘Transformational’ Cajun-Sibon Pipeline
During his 30 years in the energy business, Barry Davis has no doubt heard a fair amount of bluster and hyperbole about “big projects.” Yet, even a brief talk with the Crosstex president and CEO about the Cajun-Sibon expansion project leaves the listener keenly aware that in his mind there can be no understating the importance of this endeavor to his company.
ONEOK Adds Assets In Powder River Basin
ONEOK Partners, L.P. will invest $440 million in the natural gas liquids-rich area in the Powder River Basin in Wyoming to:
Con Edisons Clustering Cleans Air Over Gotham
New York City’s skyline is ever-changing and is now undergoing a change of another kind – a cleaning of the air around it, assisted by a Con Edison program, which helps people switch to cleaner-burning natural gas.
Marathon Expects Kurdish Oil Production By 2015
Marathon Oil Corp. reports that it will likely start producing oil from Iraq’s Kurdish region over the next two years.
Yokogawa Wins Gas Storage Facilities Upgrade Contract In UK
Yokogawa Electric Corp. announced that its subsidiary, Yokogawa United Kingdom Ltd., won a multimillion-pound contract by SSE Hornsea Ltd. to upgrade one of the UK's largest onshore underground gas storage facilities in Atwick, East Yorkshire.
CNPC Takes Reins In Latin American Deals As Venezuela Retreats
China National Petroleum Corp. (CNPC) made significant investments in place of Venezuela’s state-owned oil company Petroleos de Venezuela (PdV), which has retreated from its international commitments following the death of President Hugo Chavez, said an analyst with research and consulting firm GlobalData.
Rail Delivery Continues To Increase, But Pace Slows
With U.S. crude oil production at the highest level in two decades, outstripping pipeline capacity, the U.S. is relying more on railroads to move its new crude oil to refineries and storage centers. The amount of crude oil and refined petroleum products transported by rail totaled close to 356,000 carloads during the first half of 2013, up 48% from the same period in 2012, according to the Association of American Railroads (AAR).
Runaway Train Calamity Underscores Crude-By-Rail Concerns
When a train carrying 72 tanker cars of Bakken crude oil derailed in the Quebec town of Lac-Mégantic, killing 47 people and destroying 40 buildings, it powerfully rekindled the debate over the merits of rail vs. pipeline delivery throughout the industry.
Energy Economics Conference Suggests Upcoming Plummet In Oil Prices
Rice University’s James A. Baker III Institute for Public Policy recently hosted a conference, “Energy Market Globalization: Investment and Commodity Price Cycles and the Role of Geopolitics.” Much discussion focused on the relationships of oil prices to other economic indicators, and whether these relationships indicated that oil prices may tumble in the near future.
Enterprise Holds Open Season For Panola NGL Pipeline Expansion
Enterprise Products Partners L.P. announced a binding open season to seek shipper support for a proposed expansion of the portion of its Panola Pipeline Co., LLC NGL system between Carthage and Lufkin, TX.
NuStar Plans South Texas Project
NuStar Energy L.P. announced the launch of a binding open season by its affiliate, NuStar Crude Oil Pipeline L.P., to assess interest in committed space to transport Eagle Ford Shale crude from several terminal locations on its South Texas Crude Oil Pipeline System in Frio, McMullen, and La Salle counties to its Corpus Christi North Beach facility.
Will You Dominate Your Next Oil Spill Response?
Rapid dominance of your response requires far more than just getting there quickly or having a lot of really cool stuff with you when you arrive. Current or former military readers (thank you) already know this term. The military doctrine of “rapid dominance” requires four things:
Russias Petroleum Industry At Critical Juncture
Russia faces a looming oil crisis that places the country at a crossroads. Production could well be in decline by 2020, even as the state's dependence on oil as its primary source of income continues to grow. Yet oil also offers Russia’s best hope for continued progress if the state's precarious relationship with the industry can be reformed, said IHS Senior Research Director Thane Gustafson, author of “Wheel of Fortune: The Battle for Oil and Power in Russia.”
NAS Study: Oil Sands-Derived Crude Safe For Pipeline Transportation
The Association of Oil Pipe Lines (AOPL) welcomed confirmation from the National Academy of Sciences (NAS) that oil sands-derived crude is safe to transport through the nation's pipelines.
Gulfstream Services Completes Decommissioning In North Sea
Gulfstream Services Inc. completed two decommissioning contracts with major oil and gas service companies, Helix Well Ops UK and Dof Subsea.
Summit Midstream To Expand North Dakota Gathering Systems
Summit Midstream Partners, LLC announced an expansion of its Divide crude oil and water gathering system under construction in Williams and Divide counties, ND.
E&P Companies Cite Insufficient Pipeline Capacity Among Fastest-Growing Potential Threats
According to a study released by BDO USA, LLP, 80% of the 100 biggest publicly traded exploration and production companies by revenue listed insufficient pipeline, storage or trucking capacity as among the potential risks to their business for 2013. The study was conducted on the companies’ SEC 10-K filings, which list possible threats to their financial performance.
Americas Newfound Power: What U.S. Should Do To Capitalize On Shale, Renewable Energy Revolutions
It was hard not to do a double take when the story broke last November: By 2017, the headlines read, the United States would overtake Saudi Arabia as the world’s largest oil producer. And by 2025, the U.S. could be exporting more oil and gas than it imports.
Plains All American Touts Western Oklahoma Pipeline Extension
Plains All American (PAA) Pipeline LP is building a 95-mile extension of its Oklahoma crude oil system to service production from the Granite Wash, Hogshooter and Cleveland Sands producing areas in western Oklahoma and the Texas panhandle.
Williams, Boardwalk Form Bluegrass Pipeline JV
Williams and Boardwalk Pipeline Partners LP have a joint venture agreement to continue the development process for Bluegrass Pipeline, a project to transport natural gas liquids (NGLs) from the Marcellus and Utica Shale plays to the petrochemical and export complex along the Gulf Coast as well as the developing petrochemical market in the Northeast.
Lightning, The Costliest Threat to Oil Tankers and Refineries
Why is lightning so often overlooked when talking about protecting the oil and gas industry? Its effects on a refinery, storage tank or compressor station can be catastrophic.
Williams Purity Pipeline Conversion Project
Wood Group Mustang was selected by Williams to provide survey, engineering, design and program management for its Purity Pipeline projects.
California Dreaming? Could The Monterey Be Road To Oil Future?
“I think there is lots of opportunity. It is whether or not the economics can line up with the technology to get it out of the ground.” <em>– oil executive in Bakersfield</em> Between federal numbers crunchers, and a university and think tank-based report that surfaced earlier this year, California’s venerable Monterey Shale is stirring renewed dreams of California gold – black gold in the form of heavy crude.
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
