More Oil & Gas Transportation News

TransCanada issued EAC for Coastal GasLink project

Oct 27, 2014

TransCanada Corp. reported that the British Columbian Environmental Assessment Office has issued an environmental assessment certificate (EAC) for the Coastal GasLink pipeline project.

Williams Partners, Access Midstream Partners to merge

Oct 27, 2014

Williams Partners LP and Access Midstream Partners LP, both owned by Williams Cos., Tulsa, have agreed to merge. Williams in June purchased the remaining 50% general partner interest that it didn’t previously hold in Access Midstream, giving way to the merger proposal.

PNR head urges DOC to issue condensate export permits to others

Oct 27, 2014

The head of an independent oil and gas company that in late June received one of the first two federal approvals to export condensate urged the US Department of Commerce to begin issuing similar permits to other applicants.

EIA continues to cut price forecasts for US crude oil, gasoline

Oct 27, 2014

Weakening global demand and higher Libyan oil exports have driven down North Sea Brent crude oil spot prices to an average of $97/bbl in September, a decrease of $5/bbl from August and the first month Brent crude oil prices have fallen below $100/bbl since June 2012.

API: US petroleum demand falls in September, third quarter

Oct 27, 2014

Total US petroleum deliveries, a measure of demand, averaged 18.6 million b/d last month, down 3.5% from September 2013, as stated in the latest monthly statistics from the American Petroleum Institute. For the third quarter, petroleum deliveries fell 0.9% from the same period last year.

Watching Government: Europe's 'gas stress test'

Oct 27, 2014

The European Commission quietly acknowledged the possibility of a Russian natural gas supply interruption amid unrest in Ukraine when its member countries put energy security measures it adopted in May to a "gas stress test" this fall.

EIA: US crude oil exports, re-exports climb

Oct 23, 2014

According to the latest data from the US Census Bureau, US exports of crude oil reached 401,000 b/d in July—the highest level in 57 years and the second-highest monthly export volume for the US Energy Information Administration’s records dating back to 1920.

FEED contracts let for Tangguh LNG expansion in Indonesia

Oct 22, 2014

The BP PLC-led Tangguh partnership has let front-end engineering and design (FEED) contracts to two consortia for Train 3 of the $12-billion Tangguh LNG expansion project in Teluk Bintuni Regency of Indonesia’s Papua Barat province.

Crude-by-rail safety standards call for better tank cars, reduced speeds

Oct 21, 2014

The US Department of Transportation has proposed new rules for transporting crude by rail that are designed to lessen the frequency and consequences of train accidents by reducing the speed of trains, improving tank car standards, and setting more-robust testing and classification guidelines for crude cargoes.

Tesoro to acquire QEP Field Services for $2.5 billion

Oct 20, 2014

Tesoro Corp. affiliate Tesoro Logistics LP has agreed to acquire QEP Resources Inc.’s wholly owned subsidiary QEP Field Services LLC (QEPFS), including its 58% partnership interests in QEP Midstream Partners LP for $2.5 billion.

Ethanol rail safety

Oct 20, 2014

Ethanol producers argue vast differences exist between the potential safety hazards posed by rail shipments of ethanol and the safety hazards posed by rail shipments of crude oil, and they dispute findings of a federal study comparing the two.

The Saudi factor

Oct 20, 2014

The arithmetic is straightforward. In round numbers, Saudi Arabia grosses $549 million/day producing 9 million b/d of crude oil and, with subsidized internal consumption at about 2.9 million b/d, exporting 6.1 million b/d when the crude price is $90/bbl.

Russia likely to remain important European gas supplier, report says

Oct 20, 2014

Europe's natural gas supply mix likely won't change much without drastic policy interventions despite recent renewed concern over instability in Ukraine, a new Brookings Institution policy brief concluded.

EIA: Crude oil prices held down by rising global supply, lower demand

Oct 20, 2014

With global demand forecasts being revised lower while supply continues to rise, North Sea Brent crude oil prices have fallen to about $91/bbl-the lowest level in more than 2 years and 21% lower than its 2014 daily peak of $115/bbl on June 19.

National Fuel Gas chief executive becomes INGAA's 2014-15 chairman

Oct 20, 2014

National Fuel Gas Co. Chief Executive Officer Ronald J. Tanski was elected as chairman of the Interstate Natural Gas Association of America for a 1-year term during the trade association's annual board meeting on Oct. 10.

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