More Oil & Gas Transportation News

Rail tank car rule could cost economy billions, report says

Dec 8, 2014

The US Pipeline and Hazardous Materials Safety Administration's (PHMSA) proposed rail tank car rule could cost the US economy as much as $60 billion, a report commissioned by the Railway Supply Institute (RSI) found.

WoodMac: OPEC's decision undermines potential for near-term price recovery

Dec 8, 2014

The decision by the Organization of Petroleum Exporting Countries to maintain its members' production quota at 30 million b/d directs the focus of crude oil pricing on oil-demand growth expectations and tight-oil breakeven economics, said Wood MacKenzie Ltd.

Renewed dilbit investigation faces similar hurdles of past debate

Dec 5, 2014

A National Research Council committee opened a second investigation of potential environmental consequences from diluted bitumen (dilbit) spills from pipelines. It quickly became apparent that this committee would encounter similar problems balancing the need to keep the inquiry manageable while addressing a sufficiently wide range of questions.

Magnolia LNG lets EPC contract to SK E&C USA

Dec 3, 2014

Magnolia LNG LLC parent-company Liquefied Natural Gas Ltd. agreed to an engineering, procurement, and construction contract with SK E&C USA covering installation of Magnolia’s initial 4 million-tonne/year (tpy) liquefaction capacity, two 160,000-cu m storage tanks, a jetty and related ship-loading equipment, and all required approvals and licenses for the full 8 million-tpy project.

Southwestern continues Marcellus expansion

Dec 3, 2014

Southwestern Energy Co., Houston, has signed an agreement to purchase oil and gas assets, including 46,700 net acres, in northeast Pennsylvania from WPX Energy Inc., Tulsa, for $300 million.

Proposed rail tank car rule could cost economy billions, report says

Dec 2, 2014

The US Pipeline & Hazardous Materials Administration’s proposed rail tank car rule could cost the US economy as much as $60 billion, a report commissioned by the Railway Supply Institute found.

Keyera to own interest in new deep-cut gas plant

Dec 2, 2014

Keyera Corp., Calgary, will take a 35% stake with Bellatrix Exploration Ltd., Calgary, in a deep-cut natural gas processing plant and related pipelines currently under construction by Bellatrix in the Alder Flats in west-central Alberta.

After scuttling South Stream, Russia plans line to Turkey instead

Dec 2, 2014

Russia has decided against the construction of the 930-km South Stream natural gas pipeline across the Black Sea from Russia to Bulgaria, citing delays on the part of the European Union in taking the steps necessary to move forward.

Pipeline leak dampens Atlantic LNG production

Dec 1, 2014

Atlantic LNG (ALNG) reported a 35% reduction in LNG production because of insufficient natural gas supply from Trinidad and Tobago’s National Gas Co. (NGC).

Real-time monitoring improves LNG inventory measurement

Dec 1, 2014

Kogas has improved the calculation method for determining stocks at its LNG terminals, changing from a sampling method to a real-time monitoring system using a level, temperature, and density meter installed in the tank.

Study improves subsea pipeline preheating

Dec 1, 2014

A higher flow rate at lower temperatures can more effectively preheat subsea crude oil pipelines than currently used techniques. This article found that a 350-cu m/hr flow rate combined with an inlet temperature of 65.2° C.

A new Gulf Coast paradigm

Dec 1, 2014

Following the reversal of Seaway Crude Pipeline System in 2012, a series of projects both in oil pipelines and storage has unlocked the crude oil bottleneck at Cushing, Okla., and connected the Gulf Coast-where nearly 47% of the US refining capacity resides-back to the Canadian, Midcontinent, and West Texas production centers on a massive scale.

US crude exports debate prompts a fresh look at the Jones Act

Dec 1, 2014

The Jones Act, which requires that maritime transportation of goods between domestic ports take place on US-flagged vessels, is becoming more prominent in the debate over whether to allow more US crude oil to be exported.

EPA won't finalize RFS's 2014 biofuel quotas before yearend

Dec 1, 2014

The US Environmental Protection Agency announced it will not finalize 2014 biofuel quotas under the federal Renewable Fuel Standard (RFS) before yearend.

Legislative vote delays St. Croix refinery sale

Dec 1, 2014

The Senate of the 30th Legislature of the US Virgin Islands has voted unanimously to send back a proposed agreement that would provide for the restart of Hovensa LLC's idled 500,000-b/d refinery on the island of St. Croix to the legislative body's finance committee for further review.

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