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U.S. Commerce Dept Seeks Details, Not Delay, on Oil Export Requests-Sources
(Wednesday, July 30, 2014) Legislators, lawyers and oil firms have been seeking loopholes, exceptions or gray areas in a four-decade ban on crude oil exports.
Hess To Form MLP For North Dakota Oil, Gas Transport Assets
(Wednesday, July 30, 2014) Hess says it would form an MLP for its North Dakota oil and natural gas storage facilities and processing plants, taking advantage of a key financial trend in the energy sector to generate cash.
Phillips 66 Earnings Fall in Second Quarter
(Wednesday, July 30, 2014) U.S. refining company Phillips 66 on Wednesday reported a lower quarterly profit that fell short of Wall Street expectations as discounts for certain crude oils shrunk and diesel profitability decreased.
Valero Second-quarter Profit Rises
(Wednesday, July 30, 2014) Valero Energy Corp, the largest U.S. independent refiner, on Wednesday reported an increase in quarterly profit that met Wall Street expectations.
Iraqi Kurdish Pipeline Stopped; Tanker in Limbo Off Texas
(Wednesday, July 30, 2014) Iraqi Kurdistan's attempts to export oil independently of Baghdad hit another obstacle on Wednesday, as a Turkish energy official and industry sources said the autonomous region's pipeline to the Mediterranean has been shut for the past week.
PG&E Charged with Obstruction in San Bruno Natgas Blast Probe
(Wednesday, July 30, 2014) A federal grand jury for the Northern District of California charged PG&E Corp on Tuesday alleging it obstructed the investigation of the National Transportation Safety Board (NTSB) into the deadly San Bruno natural gas explosion in 2010.
Pony Express Oil Pipe Line-fill Starts; Shipments Seen in Oct.
(Wednesday, July 30, 2014) Line fill on the Pony Express Pipeline carrying crude from Wyoming to Oklahoma began last week although commercial shipments are expected to be delayed until the fourth quarter, market sources said on Tuesday.
Golden Pass FEED Contract Goes to CB&I-Chiyoda
(Wednesday, July 30, 2014) CB&I, along with Chiyoda Corp., has been awarded a FEED services contract for a proposed LNG export project by Golden Pass Products, LLC (GPP). GPP is a joint venture between affiliates of Qatar Petroleum International and ExxonMobil.
ONEOK to Add Gas Plant, Related Infrastructure in North Dakota
(Wednesday, July 30, 2014) Since 2010, ONEOK Partners has constructed or is constructing seven new natural gas processing plants and related natural gas gathering infrastructure in the Williston Basin
Oil Prices Tumble On Ample Supply, Weak Demand
(Wednesday, July 30, 2014) Oil prices tumble, with Brent leading the decline weakened by excess supplies in Europe and Asia.
Kinder Morgan Names Initial Anchor Shippers for NE Energy Direct
(Wednesday, July 30, 2014) Northeast Energy Direct capacity will include new pipeline, existing pipeline, additional pipeline loops, new compressor stations, station modifications and metering and measurement equipment in six states.
Williams Partners Adds Transco Expansion to Projects Roster
(Wednesday, July 30, 2014) Williams Partners L.P. and its wholly owned subsidiary Transcontinental Gas Pipe Line Company, LLC (Transco) announced a fully contracted expansion project designed to add natural gas capacity for local distribution along the Eastern Seaboard.
NewMarket Elects New Chairman, Director
(Wednesday, July 30, 2014) NewMarket Corp. Tuesday announced that the Board of Directors has elected Thomas E. Gottwald to serve as Chairman of the Board of Directors.
Condensate Oil Export Decisions 'Not Coordinated' with W.House-Aide
(Tuesday, July 29, 2014) Some industry players saw an opening last month when Pioneer and Enterprise said they had received private rulings to export condensate, a light petroleum.
U.S. to Seize $100 Mln of Iraqi Kurdish Oil in Tanker Off Texas
(Tuesday, July 29, 2014) The tanker United Kalavrvta, carrying some 1 million barrels of Iraqi Kurdish crude oil worth more than $100 million, arrived near Galveston Bay on Saturday.
BP, Shell, Morgan Stanley Seek End of Oil Price-fixing Lawsuit
(Tuesday, July 29, 2014) BP Plc , Royal Dutch Shell Plc, Morgan Stanley and other companies urged a U.S. judge to dismiss nationwide litigation claiming they conspired for 12 years to fix prices of Brent crude oil, a benchmark for the cost of gasoline and heating oil.
In Rare Move, Canada Accuses Chinese of Trying to Hack Govt Network
(Tuesday, July 29, 2014) The unusual step raises tensions at a time when Ottawa wants to boost oil sales to China.
Kansas Refinery Shut After Fire at Small Iso Unit; Four Injured
(Tuesday, July 29, 2014) CVR Refining shut its 115,000-barrel-per-day Coffeyville refinery in Kansas after a fire broke out at an isomerization unit early on Tuesday, hurting four employees.
BP's Whiting Refinery Heavy Crude Processing Reaches 270,000 bpd
(Tuesday, July 29, 2014) BP's 405,000-barrel-per-day Whiting refinery reached a record heavy crude oil processing level of 270,000 bpd in the second quarter, the oil and gas company said on Tuesday.
Fortis Pushes Ahead with Canada LNG for Transport Expansion
(Tuesday, July 29, 2014) Bechtel Canada has been chosen to lead the project, which will add 1.1 million gigajoules of storage capacity at the Vancouver-area facility and boost liquefaction capacity by 34,000 gigajoules per day, Fortis said.