Storage
Mexicos Energy Reform: Ending The Inertia
A key aspect in understanding the troubles of Mexico's oil and gas sector is the federal government’s high budget dependence on the revenues of the National Oil Company (NOC) Petróleos Mexicanos (Pemex).
Chinese Pipeline Damaged, 20,000 Evacuated
A leaking oil pipeline caught fire in the northeastern Chinese port city of Dalian on July 1, forcing the evacuation of nearly 20,000 residents. According to press reports, the pipeline was damaged by construction work, allowing oil to flow into a sewage pipe, and catch fire. No deaths or injuries were reported. However, China National Petroleum Corp. reported 20,000 nearby residents had to be evacuated.
Instability In Iraq: Effect On Production, Infrastructure
Iraq has a long and varied history of oil exploration and development, and its proven reserve base is largely unmatched outside of the Middle East. However, regional conflicts throughout history have disrupted exploration drilling and resulted in extensive damage and neglect to infrastructure, ensuring current oil production is considerably lower than its potential.
Editor's Notebook: North Dakota Making News
I’ve never been to North Dakota; in fact, I don’t think I’ve ever met anyone from that state. Now, one of the great oil discoveries of recent years, the immense Bakken Shale, has put the upper Plains state on the map for all to see.
Oil Prices Rise As World Walks Supply-Demand Tightrope
The world is walking a tightrope of oil supply and demand. Today, supply exceeds demand by a very small amount. This difference is small enough that a major disruption in supply can further tip the balance in the direction of demand.
Pipeline Fever In Mexico
Both Pemex and CFE are promoting new pipeline projects at a fast pace in advance of the most significant energy reform in Mexico in a half-century. The projects are to follow the old rules of government procurement: these state-owned enterprises (SEO) offer the credit rating of the Mexican government to serve as a bankable, long-term service agreement.
Pipeline & Gas Journals 2014 International Construction Report
<em>P&GJ</em>’s 2014 international pipeline survey indicates 65,746 miles of pipeline are in various stages of construction or planned. Of these, 33,801 miles account for projects in the planning and engineering phase, while 31,945 miles are in various stages of construction.
Sharing Challenges In The Eagle Ford Shale
Like most stories about Texas, the one that’s being written in the Eagle Ford shale is full of big dreams, big dollars, and big results. The play itself is huge, covering an area of 20,000 square miles, it spans 25 south-central Texas counties and is roughly the size of Croatia. Capital expenditures there by energy companies are sky-high, reaching $28 billion through the end of 2013, if predictions by global consultants Wood Mackenzie held true.
Survey Shows North Carolina Voters Support Offshore Energy Development
UPI reported strong bipartisan majorities of registered North Carolina voters support increased production of U.S. oil and natural gas, citing a poll by the North Carolina Petroleum Council.
Greenhouse Gas Intensity Of Average Crude Refined In U.S. Unchanged by Growth Of Oil Sands Imports
The growth in U.S. imports of Canadian oil sands in recent years has not impacted the overall greenhouse gas (GHG) intensity of the U.S. supply mix, according to a new study by IHS, a leading global source of critical information and insight. The growth of oil sands imports were offset by substitution for similar sources of supply and by increase in lower-carbon tight oil displacing relatively higher carbon imports from Africa and elsewhere, the study says.
Report Points To Closing Oil-Gas Price Gap
A new CME Group report suggested that if natural gas only increases its share of energy use for transportation from the current 3% to the 7-10% range over the next five years, the result would translate into a dramatically faster closing of the energy price gap.
Global M&A Markets Appear Poised For Rebound
PLS Inc., a leading Houston-based research, transaction and advisory firm, in conjunction with its international partner Derrick Petroleum Services, reports global upstream oil and gas M&A activity for Q1 2014 of $40.7 billion spread across 192 transactions (including 133 with deal value disclosed).
MPL Plans Crude Line Upgrade
Minnesota Pipe Line Company, LLC plans a project that will use available capacity on its newest pipeline – Line 4 – to ensure the overall reliability of its pipeline system.
Economist Schools Public And Industry On Vital Role Of Communication
While the energy industry’s share of the economy is on the upswing, the business is in many ways still a specialty field, with innumerable complex issues at play between companies, regulators and the public when it comes to development, conservation and jobs. Few people understand the interplay well enough to provide context to those not in the midst of it, and those in the middle can lose sight of the big picture. Bernard “Bud” Weinstein, Ph.D., is applying his considerable talents to bridging those gaps.
Regency Energy Plans Processing Plant, NGL Pipeline In North Louisiana
Regency Energy Partners will build a processing plant and NGL pipeline at Regency’s Dubberly facility in north Louisiana.
PDVSA To Boost Orinoco Oil Belt Production
Petroleos de Venezuela, S.A. (PDVSA) is moving forward with a series of heavy oil developments in the Orinoco Oil Belt that will allow a significant increase in production while requiring the development of massive new infrastructure, Ruben Figuera, director of new developments in the Orinoco Oil Belt, told the World Heavy Oil Congress 2014 in New Orleans.
What the Oil Boom Means And Doesnt Mean For Energy Security
When we graduated from the United States Naval Academy in 1968, the American oil industry was in the midst of a boom. Domestic crude production had increased every year for nearly a decade, and Texas was the world’s swing oil producer, providing our nation with important strategic flexibility.
Confluence Of Events Underscores Problems Getting Propane To Market
That so many Americans found themselves without enough propane to heat their homes adequately this winter can be attributed to several factors. Oddly enough, though, experts agree none of these involve an actual shortage of fuel.
Enbridge Embarks On $7 Million Mainline Replacement Project
Enbridge Inc. plans to replace Line 3, a 1,031-mile, 34-inch pipeline that has been in operation since 1968 and is one of six crude oil pipeline that comprise the its mainline system.
IEA Economist: Shale Gale Will Result In 20 Years of U.S. Dominance
IEA Chief Economist Fatih Birol synthesized the agency’s 2013 World Energy Outlook and his own analysis to suggest that for the next 20 years, low energy costs caused by the early and plentiful development of shale gas and energy infrastructure will give the United States a large competitive advantage over other nations when it comes to attracting and developing business.
Mark West Completes 7 Major Projects In 4 Months
In recent months, MarkWest Energy Partners has commenced operations of seven major infrastructure projects in the Northeast, including five new cryogenic processing plants totaling 1 Bcf/d of capacity and two fractionation facilities totaling 98,000 bpd of C2+ fractionation capacity.
Study Estimates U.S. And Canadian Midstream Investments At $30 Billion Per Year
The U.S. and Canada will require annual average midstream natural gas, crude oil and natural gas liquids midstream infrastructure investment of nearly $30 billion per year, or $641 billion (real US$2012) total over the 22-year period from 2014 to 2035, a new study found.
API Considers New Voluntary Recommended Practice For Pipeline Safety
An American Petroleum Institute (API) advisory committee released a draft "recommended practice" describing a safety management system (SMS) for natural gas and liquid pipelines at a meeting sponsored by the Pipeline and Hazardous Materials Safety Administration (PHMSA) in February. The API was taking comments through April 11 and will approve RP1173, in some form, later this year.
Editor's Notebook: Arctic Friendship
I’m watching the Crimeans celebrate in the streets after the Russian invasion. Don’t you understand you’ve just lost your freedom? Then again, they may have had guns pointed at them.
Genesis Energy To Build $150 Million Terminal In Louisiana
Genesis Energy, L.P. plans to invest $150 million to construct a crude oil, intermediates and refined products import /export terminal in Baton Rouge, LA. The terminal will be located on 90 acres of land near the Port of Greater Baton Rouge and connect to the port’s existing deepwater docks on the Mississippi River.
Rail Transportation Of Oil: A Growing Congressional Safety Concern
Both House and Senate committee leaders with jurisdiction have begun to show impatience with what they view as out-of-date federal regulations on railroads carrying oil produced in the Bakken, Eagle Ford and Marcellus shale regions.
BP: Global Energy Demand Growth Slowing, Despite Increases Driven By Emerging Economies
Global energy demand continues to grow but that growth is slowing and mainly driven by emerging economies - led by China and India - according to the BP Energy Outlook 2035.
Pipeline Industry Growth Fueled By Increasing Global Energy Demand, Shale Gas Exploration
Increasing oil and natural gas consumption in Asia-Pacific has made a significant contribution to the need for increased pipeline construction investment worldwide. The region is expected to surpass Europe to become a major growth gas market by 2015. Developing economies in the Asia-Pacific region, such as India and China, have been importing substantial quantities of crude oil and natural gas for domestic consumption and industrial use.
Crosstex To Build Pipeline In Permian Basin
The Crosstex Energy companies, Crosstex Energy, L.P. and Crosstex Energy, Inc., is continuing to expand its gas gathering and processing capabilities in the Permian Basin through a new long-term, fee-based agreement with a major oil and gas producer in the region.
North Dakota Gas Flaring is Creating Firestorm of Controversy
Recently filed class-action lawsuits by North Dakota landowners have brought renewed attention to the controversial practice of gas flaring in that state. In their suits, the landowners claim that major producers in the region, including Continental Resources, XTO and Marathon are costing those owners their share of royalties on as much as $100 million per month of value in natural gas that has gone up in flames in order to keep oil production flowing.
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
