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Oil & Gas Transportation News

Buckeye to buy Corpus Christi terminal interest in $860 million deal

Sep 2, 2014

Buckeye Partners LP has agreed to acquire 80% interest in a company that it will jointly own with Trafigura AG for $860 million. The transaction is expected to close later this month.

Dominion heads 1.5-bcfd Atlantic Coast gas pipeline joint venture

Sep 2, 2014

Dominion, Duke Energy, Piedmont Natural Gas, and AGL Resources have formed a joint venture to build and own the proposed 1.5-bcfd Atlantic Coast Pipeline. The 550-mile natural gas pipeline would move Marcellus and Utica shale gas from Harrison County, W.Va., southeast through Virginia, with an extension to Chesapeake, Va., and then south through central North Carolina to Robeson County.

Pembina signs $650 million deal to buy Vantage line, associated assets

Sep 2, 2014

Pembina Pipeline Corp., Calgary, has agreed to acquire the Vantage pipeline system and Mistral Midstream Inc.’s interest in the Saskatchewan ethane extraction plant (SEEP) for $650 million from certain entities affiliated with Riverstone Holdings LLC. The transaction, effective Aug. 1, is expected to close in the fourth quarter.

Crude oil pipeline growth, revenues surge; construction costs mount

Sep 1, 2014

US pipeline operators continued to expand their systems rapidly in 2013. Investment in oil pipeline carrier property surged last year, rising roughly $14 billion to more than double the values seen only 7 years before.

OGUK: Optimism still waning in UK's offshore oil, gas industry

Sep 1, 2014

Optimism in the UK's offshore oil and gas industry continues to wane, according the second-quarter Oil & Gas UK (OGUK) Business Sentiment Index (BSI), released Aug. 6.

China looks ahead to a robust natural gas endowment

Sep 1, 2014

Natural gas plays an important role in China's economic development and energy structure. Proved reserves exceed 600 billion cu m/year (bcm/year), and production has topped 100 bcm/year, ranking China's output the 7th highest in the world.

Virtual flow metering improves Chinese offshore production

Sep 1, 2014

A common problem for inflow-rate metering in subsea wells is the lack of real-time, three-phase flow rates, which are critical for reservoir characterization and well optimization.

Supply complacency

Sep 1, 2014

Complacency comes easily in the US when the price of crude oil sags while hostilities jar the Middle East, while Russia tests Western resolve over Ukraine, and while China rattles its neighbors with territorial claims.

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