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Oil & Gas Transportation News

It's clearly time to end US crude export ban, Summers declares

Sep 22, 2014

Lawrence H. Summers, who was US Treasury Secretary during Bill Clinton's presidency and was President Barack Obama's National Economic Council Director, said there are no significant reasons for the US to continue restricting exports of domestically produced crude oil.

An arbitrage bubble

Sep 22, 2014

That a US ban on the export of crude oil receives support from refiners who profit from it makes perfect sense. Arguments for keeping the ban in place do not.

Senators offer bill to reform energy project crossborder permitting

Sep 22, 2014

Four US senators-2 Democrats and 2 Republicans-introduced legislation to prevent extended delays of energy projects requiring a crossborder permit by moving reviews of applications from the White House to appropriate federal agencies.

BIS condensates ruling galvanized crude exports debate, speakers say

Sep 22, 2014

A US Department of Commerce agency’s controversial condensate exports decision in late June that purportedly dealt with distillation actually involved stabilization, a different upgrading process, a Turner Mason & Co. official said on Sept. 19.

Total to sell Utica midstream assets to Korean firms

Sep 23, 2014

Total SA affiliate Total E&P USA has agreed to sell its 25% interest in Cardinal Gas Services LLC, a midstream company in Ohio’s Utica shale, to E1 Corp. and a consortium led by Samchully, both from South Korea, for $400 million plus an estimated price adjustment of $50 million.

EIA: Higher Permian production, insufficient pipelines hike WTI oil hub spreads

Sep 23, 2014

Crude oil prices in the Permian basin at Midland, Tex., have been falling below similar crude priced at Cushing, Okla., due to increasing production in the area and insufficient pipeline systems to move the crude to refineries, according to an analysis of the US Energy Information Administration.

South Louisiana, Texas gas plant, pipeline projects advance

Sep 24, 2014

EnLink Midstream Partners LP, Dallas, has completed construction of Phase 2 of the Cajun-Sibon natural gas liquids expansion in South Louisiana as well as construction of the Bearkat gas processing plant and rich-gas gathering system in West Texas.

Magellan launches Niobrara-to-Cushing crude line open season

Sep 24, 2014

Magellan Midstream Partners LP has launched an open season to assess customer interest in transporting various grades of crude oil from the Niobrara shale to its storage site in Cushing, Okla., via its proposed 600-mile, 20-in. OD Saddlehorn pipeline.

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US Crude Oil Exports

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