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Oil & Gas Transportation News

EIA: US crude oil exports, re-exports climb

Oct 23, 2014

According to the latest data from the US Census Bureau, US exports of crude oil reached 401,000 b/d in July—the highest level in 57 years and the second-highest monthly export volume for the US Energy Information Administration’s records dating back to 1920.

FEED contracts let for Tangguh LNG expansion in Indonesia

Oct 22, 2014

The BP PLC-led Tangguh partnership has let front-end engineering and design (FEED) contracts to two consortia for Train 3 of the $12-billion Tangguh LNG expansion project in Teluk Bintuni Regency of Indonesia’s Papua Barat province.

Crude-by-rail safety standards call for better tank cars, reduced speeds

Oct 21, 2014

The US Department of Transportation has proposed new rules for transporting crude by rail that are designed to lessen the frequency and consequences of train accidents by reducing the speed of trains, improving tank car standards, and setting more-robust testing and classification guidelines for crude cargoes.

Tesoro to acquire QEP Field Services for $2.5 billion

Oct 20, 2014

Tesoro Corp. affiliate Tesoro Logistics LP has agreed to acquire QEP Resources Inc.’s wholly owned subsidiary QEP Field Services LLC (QEPFS), including its 58% partnership interests in QEP Midstream Partners LP for $2.5 billion.

National Fuel Gas chief executive becomes INGAA's 2014-15 chairman

Oct 20, 2014

National Fuel Gas Co. Chief Executive Officer Ronald J. Tanski was elected as chairman of the Interstate Natural Gas Association of America for a 1-year term during the trade association's annual board meeting on Oct. 10.

Ethanol rail safety

Oct 20, 2014

Ethanol producers argue vast differences exist between the potential safety hazards posed by rail shipments of ethanol and the safety hazards posed by rail shipments of crude oil, and they dispute findings of a federal study comparing the two.

The Saudi factor

Oct 20, 2014

The arithmetic is straightforward. In round numbers, Saudi Arabia grosses $549 million/day producing 9 million b/d of crude oil and, with subsidized internal consumption at about 2.9 million b/d, exporting 6.1 million b/d when the crude price is $90/bbl.

Russia likely to remain important European gas supplier, report says

Oct 20, 2014

Europe's natural gas supply mix likely won't change much without drastic policy interventions despite recent renewed concern over instability in Ukraine, a new Brookings Institution policy brief concluded.

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US HYDROCARBON EXPORTS Part 3 — LNG

US NGL Exports, the third in a trilogy of webcasts focusing on the broad topic of US Hydrocarbon Exports. A discussion of the problems and potential for the export of US-produced liquefied natural ...
( 11/14/2014 / 11:30 AM Eastern Standard Time / 10:30 AM Central Standard Time / 08:30 AM Pacific Standard Time / 16:30 GMT )

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US HYDROCARBON EXPORTS Part 1 — Crude Oil

As a result of recent rulingsby the US Department of Commerce’s Bureau of Industry and Security, the ability to export “stabilized crude” now exists.  The market remains divided, however, on t...
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