More Oil & Gas Transportation News

Fires extinguished after BNSF oil train derails in North Dakota

May 7, 2015

BNSF reported that fires have been extinguished in Heimdal, ND, following the May 6 derailment of a train carrying crude oil.

Golar reaches terms for Equatorial Guinea FLNG

May 6, 2015

Golar LNG signed a binding heads of terms with Ophir Energy PLC for provision of the Golar floating LNG (FLNG) vessel Gimi. Ophir’s Equatorial Guinea Block R upstream partner GEPetrol approved the terms and will formally ratify them next week. The agreement will be structured as a 20-year tolling contract, starting commercial operations first-half 2019.

Schumer bill would phase out older rail tank cars within 2 years

May 6, 2015

US Sen. Charles E. Schumer (D-NY) said he would introduce legislation requiring US railroads to replace tank cars carrying crude oil and other hazardous substances more quickly than new US Department of Transportation rules require. His announcement came 2 days after US and Canadian railway transportation regulators jointly announced the regulations.

EIA: East Coast refineries got 52% of crude by rail in February

May 5, 2015

US East Coast refineries received more than half of their crude oil feedstocks by rail during February, the US Energy Information Administration reported.

FE analysis controls subsea pipeline buckling

May 4, 2015

Finite-element (FE) analysis, as presented in the recently completed Safebuck joint industry project's (JIP) design guideline, can help control buckling of subsea pipelines.

Weld toughness study advances reeled clad pipes' deepwater potential

May 4, 2015

Sensitivity studies suggest toughness is often more critical than strength in subsea pipeline welds, especially narrow-bevel mechanized welds.

Oil Search decides on complete exit from Yemen

May 4, 2015

Sydney and Port Moresby-based Oil Search Ltd. has decided on a complete exit from its acreage in Yemen.

East Mediterranean Development-2 Narrowing opportunities require cooperation

May 4, 2015

Neighboring East Mediterranean states hold a mutual interest in economic developments resulting from new hydrocarbon resources. These interests should be harnessed to enhance security, increase stability, and accelerate political dispute resolution within the eastern Mediterranean.

CSIS forum: More cooperation needed to address Arctic challenges

May 4, 2015

More cooperation not just between government and the oil and gas industry, but with a broad range of residents and businesses inside and outside Alaska, is essential to address pressing infrastructure challenges there, speakers at a Center for Strategic and International Studies forum agreed.

Phillips 66 1Q earnings decline 37%

May 1, 2015

Phillips 66 reported first-quarter earnings of $987 million, down from $1.6 billion during first-quarter 2014. Adjusted earnings were $834 million, a decline from $866 million during first-quarter 2014.

US, Canada jointly release crude-by-rail transportation rules

May 1, 2015

The US and Canada simultaneously issued new regulations governing transportation of crude oil and other hazardous materials by rail.

Senate Democrats offer bill to phase out older rail tank cars

May 1, 2015

Legislation to accelerate the phase-out of older rail tank cars to reduce accidental crude oil spills has been introduced by Finance Committee Ranking Minority Member Ronald L. Wyden (D-Ore.) and six other US Senate Democrats.

Enterprise plans Midland-Sealy crude line

May 1, 2015

Enterprise Products Partners LP (EPP) has secured long-term agreements with shippers that it says warrant construction of a 416-mile, 24-in. crude and condensate pipeline between Midland and Sealy, Tex., west of Houston.

Cost opportunity seen for LNG projects in western Canada

Apr 30, 2015

Rising construction costs in the US and falling oil prices give LNG export projects in western Canada a window of opportunity in competition with otherwise advantaged projects to the south.

Foreign suppliers maintain ties as crude sales to US fall, study says

Apr 30, 2015

International producers are keeping relations with the US strong despite its plunging crude oil imports as production from domestic tight shales climbs, research by 16 University of Texas at Austin master’s degree candidates found.

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