More Oil & Gas Transportation News

Moody's: Russian oil-tax change helps exporters

Dec 22, 2014

A new adjustment to Russian oil and gas taxation will benefit oil companies that export most of their crude oil and high-grade oil products but hurt domestically focused producers, refiners, and petrochemical manufacturers, says Moody's Investors Service.

Woodside to buy Apache's interests in Wheatstone, Kitimat LNG for $2.75 billion

Dec 22, 2014

Woodside Petroleum Ltd. has agreed to acquire interest in the Wheatstone LNG and Kitimat LNG projects, respectively in Western Australia and British Columbia, along with accompanying upstream oil and gas reserves, belonging to Houston independent Apache Corp. for $2.75 billion.

Barton introduces bill to remove US crude export limits

Dec 22, 2014

US Rep. Joe Barton (R-Tex.) introduced legislation that would remove US crude oil export limits that have been in place for nearly 40 years.

US needs more data before ending crude export ban, House panel told

Dec 22, 2014

Much more environmental impact information is needed before the US can reasonably remove crude oil export limits, a witness told a House Energy and Commerce Committee subcommittee during a Dec. 11 hearing examining energy policies enacted nearly 40 years ago.

Oil and militancy

Dec 22, 2014

That oil prices can collapse while bloody militancy ravages three important members of the Organization of Petroleum Exporting Countries shows dominance of market fundamentals over geopolitical worry. But geopolitics never can be ignored.

Never enough knowledge

Dec 22, 2014

Take a moment and try to think of an occupation in which performance improves as the knowledge-base of the people engaged in it stagnates or declines. It's tough to do.

Russia’s Turkey pipeline deal possibly may keep door to Europe ajar

Dec 18, 2014

Russia’s memorandum of understanding to build a natural gas pipeline to Turkey after canceling its South Stream project could help keep the door open for it to eventually sell more gas to Europe, two Washington-based observers suggested.

Woodside delays Browse FLNG development schedule

Dec 17, 2014

Woodside Petroleum Ltd. has reported it expects to enter front-end engineering and design phase for the proposed Browse floating LNG (FLNG) development in mid-2015. Partners BP, Japan Australia LNG, PetroChina, and Shell have all agreed to the revised schedule.

EPP kills plans for Bakken-to-Cushing crude oil pipeline

Dec 15, 2014

Enterprise Products Partners LP (EPP) has elected not to proceed with development of its proposed crude oil pipeline that would have extended 1,200 miles from the Bakken shale to the Cushing, Okla., hub.

Woodside to buy Apache’s interests in Wheatstone, Kitimat LNG for $2.75 billion

Dec 15, 2014

Woodside Petroleum Ltd. has agreed to acquire interest in the Wheatstone LNG and Kitimat LNG projects, respectively in Western Australia and British Columbia, along with accompanying upstream oil and gas reserves, belonging to Houston independent Apache Corp. for $2.75 billion.

Watching Government: Russia: On the ropes?

Dec 15, 2014

Russia's Dec. 1 cancellation of its South Stream natural gas pipeline was not surprising. European nations have signaled for years that they intend to diversify their supply sources and rely less heavily on Russian gas giant Gazprom.

API: Producers reducing methane emissions already

Dec 15, 2014

US oil and gas producers are reducing wellhead methane emissions already and don't need ill-conceived, overly prescriptive federal regulations, American Petroleum Institute officials said.

ExxonMobil forecasts 35% higher world energy demand by 2040

Dec 15, 2014

A significantly bigger global middle class, expanded emerging economies, and 2 billion more people will contribute to 35% higher world energy demand by 2040, ExxonMobil Corp. forecasts in its 2015 energy outlook.

Security takes center stage

Dec 15, 2014

Thwarting terrorists, repelling pirates, and routing organized crime: sounds like themes of familiar, big-budget Hollywood movies.

Gas agreement seen firming China-Russia energy ties

Dec 15, 2014

A Nov. 9 framework agreement for another large gas-supply deal between OAO Gazprom and China National Petroleum Corp. remains far from concluded but "reinforces the notion of a growing relationship between energy-hungry China and energy-export-dependent Russia," according to analysts at the Center for Strategic & International Studies (CSIS), Washington, DC.

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