More Oil & Gas Transportation News

Magnolia LNG signs MOU for fourth train

Jan 19, 2015

Magnolia LNG LLC (MLNG) signed a memorandum of understanding with Kellogg Brown & Root LLC, a wholly owned subsidiary of KBR Inc. (KBR), and SKE&C USA Inc. (SKEC) whereby KBR and SKEC, forming a 70-30 joint venture to deliver the 8-million tonne/year four train Magnolia LNG project.

Third Papua New Guinea LNG train planned to boost domestic power

Jan 19, 2015

The ExxonMobil Corp.-led Papua New Guinea-LNG (PNG-LNG) joint venture has signed a memorandum of understanding with the Papua New Guinea government to supply gas for electric power plants in return for enabling the project to develop a new gas field and expand to a third LNG train.

OGJ Newsletter

Jan 19, 2015

International news for oil and gas professionals

Moniz: Low crude prices unlikely to change US energy policies

Jan 19, 2015

Crude oil prices below $50/bbl could force some producers to reduce capital expenditures if they go on for long, but are not likely to change US energy policies, according to US Sec. of Energy Ernest G. Moniz.

Watching Government: Addressing the oil export ban

Jan 19, 2015

The 114th Congress's first energy policy priority-after approving the proposed Keystone XL crude oil pipeline-should be repealing the ban on US crude oil exports, the American Petroleum Institute believes. It also acknowledges that reaching this goal won't be easy.

Sharp drop expected in global E&P spending in 2015, study says

Jan 19, 2015

Global capital expenditures for oil and gas exploration and production projects are expected to drop 17% to $571 billion in 2015, according to Cowen and Co.'s annual study of 476 oil and gas companies' E&P capex budgets.

EPA approves Magellan's Corpus Christi splitter project

Jan 19, 2015

The US Environmental Protection Agency has issued a final greenhouse gas prevention of significant deterioration construction permit to Magellan Processing LP, a wholly owned subsidiary of Magellan Midstream Partners LP, for a $400 million condensate splitter project to be located at the company's existing bulk petroleum storage terminal in Corpus Christi, Tex.

Loopy over gasoline

Jan 16, 2015

Americans turn loopy over gasoline. They throw tantrums when gasoline prices climb enough to hurt. If federal mandates accurately express their thinking about the fuel, they'd rather burn food. And when gasoline prices sink they become incoherent.

White House orders steps to curb oil and gas methane emissions

Jan 15, 2015

The Obama administration set a new goal to cut methane emissions from the oil and gas sector from 2012 levels by 40–45% by 2025, and a set of actions to put the US on a path to achieve this goal. Trade associations across the industry reiterated earlier statements that regulations would try to solve problems which already are being addressed.

Mexico infrastructure seen as inadequate for future demand

Jan 15, 2015

Mexico needs to expand its midstream and pipeline systems to handle anticipated future demand as the nation reforms its energy policy and opens oil and gas development to foreign investors, Georgina Kessel, Mexico’s former secretary of energy, told a Mayer Brown LLP breakfast in Houston on Jan. 14.

Partners launch joint open season for New England, Atlantic Canada gas

Jan 14, 2015

Portland Natural Gas Transmission System (PNGTS), TransCanada PipeLines Ltd. (TCPL), and Iroquois Gas Transmission System LP (IGTS) have launched simultaneous joint open seasons for transport of as much as 300,000 dth/day of natural gas from the Wright Hub in Wright, NY, to New England, New Brunswick, and Nova Scotia, at a combined, fixed transportation rate of $1.37/dth, as early as Nov. 1, 2017.

API forms midstream department to address transportation system issues

Jan 13, 2015

The American Petroleum Institute has formed a midstream department to address issues related to energy systems and the transportation of crude oil and natural gas.

EnLink buys Permian basin crude gathering operation

Jan 13, 2015

A subsidiary of EnLink Midstream Partners LP has agreed to by LPC Crude Oil Marketing LLC, which has crude oil gathering, transportation, and marketing operations in the Permian basin. LPC purchases, transports, and sells about 60,000 b/d. The acquisition adds crude oil first purchasing and logistics to EnLink’s existing Permian natural gas gathering and processing services.

Enbridge to build, operate oil pipeline lateral for Stampede development

Jan 13, 2015

Enbridge Inc., Calgary, reported it will build, own, and operate a crude oil pipeline in the Gulf of Mexico to connect the planned Stampede development, operated by Hess Corp., to an existing third-party pipeline system. The lateral pipeline is expected to cost $130 million and be operational in 2018, Enbridge said.

Second ExxonMobil crude tanker nears service

Jan 12, 2015

The second of two new US-flagged crude oil tankers belonging to SeaRiver Maritime Inc., the marine affiliate of ExxonMobil Corp., has been built and will begin transporting oil from Alaska’s North Slope to refineries along the US West Coast later this year.

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