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EIA: Benefits of lifting US crude export ban most evident if output rises

Sep 2, 2015

A study released Sept. 1 by the US Energy Information Administration was apparent cause for celebration for several oil and gas industry groups, which took its findings as confirmation that lifting restrictions on US crude oil exports would be a net positive for the industry as well as consumers.

PHMSA will award $54.1 million in pipeline safety grants to states

Sep 2, 2015

The US Pipeline and Hazardous Materials Safety Administration plans to award nearly $54.1 million in grants to support pipeline safety programs in 46 states, the District of Columbia, and Puerto Rico, the US Department of Transportation agency reported.

IFC invests in Pakistan’s first LNG import terminal

Sep 2, 2015

International Finance Corp. is making an equity investment in, as well as providing as much as a $20 million loan to Engro Elengy Terminal Private Ltd. for Pakistan’s first LNG import terminal, the World Bank affiliate reported.

Cenovus completes purchase of rail terminal

Sep 1, 2015

Cenovus Energy Inc. has completed the purchase of a crude-by-rail transloading facility in Bruderheim, Alta., from Canexus Corp. Both companies are based in Calgary.

KRG to tap oil sales to pay companies

Aug 31, 2015

The Kurdistan Regional Government (KRG) said it will allocate to international oil companies working in the Kurdish region of Iraq some of the revenue it receives from direct crude oil sales at Ceyhan, Turkey.

AER orders Nexen to shut 95 pipelines at Long Lake

Aug 31, 2015

The Alberta Energy Regulator on Aug. 28 ordered Nexen Energy ULC to shut 95 pipelines at its Long Lake oil sands operations due to noncompliance in pipeline maintenance and monitoring. The lines carry crude oil, natural gas, salt water, fresh water, and emulsion.

US LNG export prospects are uncertain, Brookings analyst says

Aug 31, 2015

US LNG export projects face an uncertain future despite continued discoveries and production growth, a Brookings Institution analyst said.

Alaska should move faster to export LNG, study concludes

Aug 31, 2015

Declining crude oil production and growing economic challenges make it urgent for Alaska's business and government leaders to move ahead more quickly on getting a major LNG export project up and running in the state, an American Council for Capital Formation report concluded.

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