More Oil & Gas Transportation News

Fourth-quarter earnings hit by dropping crude oil prices

Apr 27, 2015

The plunge in crude oil prices eroded North American oil and gas companies' earnings in the last quarter of 2014.

Odyssey Pipeline transports production from Delta House

Apr 24, 2015

A joint venture of Shell Pipeline Co. LP and Genesis Energy LP reported that its Odyssey Pipeline System transported the first crude oil production from the Delta House platform in the Mississippi Canyon protraction area of the Gulf of Mexico.

Antin Infrastructure Partners buys BP’s interest in CATS

Apr 24, 2015

Antin Infrastructure Partners SAS, Paris, has agreed to acquire BP PLC’s Central Area Transmission System (CATS) business in the UK North Sea for $486 million. The deal is expected to close before yearend.

ExxonMobil settles charges stemming from Arkansas pipeline leak

Apr 22, 2015

Two ExxonMobil Corp. pipeline subsidiaries agreed to pay $5 million to the US government and the state of Arkansas to settle charges stemming from a 2013 crude-oil leak in the state, the US Department of Justice and Environmental Protection Agency jointly announced.

First QER proposals include local gas system improvement assistance

Apr 22, 2015

The White House recommended that the US Department of Energy concentrate on modernizing the nation’s energy transportation, storage, and distribution (TS&D) systems in its initial proposals under the recently established Quadrennial Energy Review. The Apr. 21 report also posed that DOE financially assist states in providing incentives for natural gas utilities to replace and improve local distribution systems (LDS).

LNG export limits violate US free trade tradition, ExxonMobil executive says

Apr 21, 2015

The US should remove the national interest demonstration requirement for LNG exports to countries with which it does not have a free-trade agreement before it loses one of its biggest energy and economic opportunities in its history, an ExxonMobil Corp. executive said.

OGJ Newsletter

Apr 20, 2015

International news for oil and gas professionals

OPEC in June

Apr 20, 2015

For the Organization of Petroleum Exporting Countries and the oil market, a fateful month looms.

House Transportation panel lambastes administration for safety delays

Apr 20, 2015

Members of a US House Transportation and Infrastructure subcommittee from both parties sternly criticized the Obama administration for delays in implementing pipeline and rail safety procedures as the systems carry more crude oil, ethanol, and other volatile materials.

More witnesses urge Congress to repeal US crude oil export ban

Apr 20, 2015

The US crude oil export ban is a 1970s anachronism that could hobble US production growth and restrict economic improvement if it is not repealed, three witnesses told a House Foreign Affairs Subcommittee's hearing on the matter.

AEO2015: US on track to eliminate net energy imports by 2030

Apr 17, 2015

Continued growth in oil and natural gas production, growth in the use of renewables, and the application of demand-side efficiencies show the potential to eliminate net US energy imports in the 2020 to 2030 timeframe, according to projections in the Annual Energy Outlook 2015 (AEO2015), released by the US Energy Information Administration. The US has been a net importer of energy since the 1950s.

ANGA urges US to scrap dual approvals for LNG export projects

Apr 16, 2015

The US could lose an important global opportunity if it doesn’t move more quickly on its LNG export decisions, America’s Natural Gas Alliance said in a new study. “This is not about trying to get 20 export facilities quickly built,” ANGA Pres. Martin J. Durbin told reporters as the study was released. “It’s about making the process more certain and predictable so more of them can move ahead.”

Magellan, TransCanada to pursue Houston Pipeline connection

Apr 16, 2015

Magellan Midstream Partners LP and TransCanada Corp. reported entering into a joint development agreement to pursue a project to connect TransCanada’s Houston tank terminal to Magellan’s East Houston terminal. The project would include the construction of a 9-mile, 24-in. pipeline, in which Magellan and TransCanada would have an equal ownership interest.

Gulfport Energy to acquire Paloma Partners III

Apr 16, 2015

Gulfport Energy Corp., Oklahoma City, has agreed to acquire Paloma Partners III LLC, Houston, for $300 million. The deal is expected to close in the third quarter.

NGPL moves forward with Chicago Market expansion project

Apr 15, 2015

Natural Gas Pipeline Co. of America LLC (NGPL) reported it has signed binding agreements with Antero Resources, Nicor Gas, North Shore Gas, and Occidental Energy Marketing Inc. for incremental firm transportation service on its Gulf Coast mainline system from the Rockies Express Pipeline (REX) interconnection in Moultrie County, Ill., to points north on NGPL’s pipeline system.

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