More Oil & Gas Transportation News

Conoco's Lance calls for repeal of US crude oil export ban

Jan 26, 2015

The US crude export ban that was imposed in 1975 should be repealed 40 years later to ensure the US oil and gas renaissance continues, ConocoPhillips Chief Executive Officer Ryan Lance said.

Gazprom’s Baltic LNG project to be built in Ust-Luga

Jan 23, 2015

OAO Gazprom has determined that its 10-million-ton Baltic LNG plant will be built near the seaport of Ust-Luga, Leningrad Oblast, Russia. The project is now preparing for the investment stage.

Senate votes to recommend closing Keystone XL tax loophole

Jan 23, 2015

The US Senate voted to recommend that the House originate legislation that would make heavy crude oil moving through the proposed Keystone XL pipeline subject to the excise tax on other transported crudes that goes into the federal Oil Spill Liability Trust Fund.

EPP to add 50,000 b/d of capacity to Panola NGL pipeline

Jan 22, 2015

Enterprise Products Partners LP (EPP) will expand its Panola Pipeline Co. LLC NGL pipeline system, having received sufficient shipper interest to do so. The 181-mile system extends from Carthage, Tex., to Mont Belvieu, Tex., where it delivers to multiple destinations, including EPP’s Mt. Belvieu fractionation complex.

US House passes natural gas pipeline permitting reform bill

Jan 22, 2015

The US House of Representatives approved a bill aimed at reforming federal natural gas pipeline permit reviews by establishing stricter deadlines for other agencies to submit information to the US Federal Energy Regulatory Commission.

Kinder Morgan to acquire Hiland Partners for $3 billion

Jan 22, 2015

Kinder Morgan Inc. (KMI) has agreed to acquire Hiland Partners from founder Harold Hamm and certain Hamm family trusts for $3 billion, including the assumption of debt. The deal is expected to close in the first quarter.

Gorgon LNG project signs LNG supply deal with SK Group

Jan 21, 2015

The Chevron Australia-led Gorgon LNG project offshore Western Australia has signed a binding sales and purchase agreement to supply 4.15 million tonnes/year of LNG to SK Group’s SK LNG Trading Pte. Ltd. of South Korea for 5 years starting in 2017.

Shiels appointed chief executive officer of American Energy–Midstream

Jan 19, 2015

American Energy Partners LP (AEP), Oklahoma City, has named David C. Shiels as chief executive officer of affiliate American Energy–Midstream LLC (AE-MidCo).

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.

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.

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.

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