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Keyword: pipeline

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  • New Englanders Oppose Proposed Pipeline — And The Tariff To Pay For It

    09/04/2014 5:03:43 AM PDT · by thackney · 21 replies
    Mint Press ^ | September 2, 2014 | Phil Zahodiakin
    A proposal to build a pipeline from the fracking fields of Pennsylvania to eastern Massachusetts by late 2018 is sparking concern among many property owners in the path of the pipe. But there’s a twist to this evolving story: a proposed surcharge added to electric bills that would force every ratepayer in New England to help pay for the interstate pipeline, which is expected to cost $2 billion to $6 billion. The route proposed for the pipeline’sMassachusetts segment runs through dense forests, wetlands and small towns in the northern tier of the state. Alternative routes, or modifications to the northern...
  • Dominion, Duke, Piedmont and AGL Form Joint Venture to Own Proposed Atlantic Coast Pipeline

    09/02/2014 7:52:49 AM PDT · by thackney · 9 replies
    Dominion News ^ | Sep 2, 2014 | Dominion News
    Full Title: Dominion, Duke Energy, Piedmont Natural Gas and AGL Resources Form Joint Venture to Own Proposed Atlantic Coast Pipeline - $4.5 billion-$5 billion pipeline would bring 1.5 billion cubic feet of natural gas per day to North Carolina and Virginia - 'Transformational' project provides growing Mid-Atlantic markets a new route for access to competitive, domestic energy supplies - Investment would create thousands of jobs, promote economic development and cleaner air, increase state and local tax revenue - Pipeline expected to be in service by late 2018, pending regulatory approvals Four major U.S. energy companies – Dominion (NYSE: D), Duke...
  • New Technology Could End The Debate Over Pipeline Safety

    08/28/2014 2:21:07 PM PDT · by SeekAndFind · 9 replies
    OIL PRICE ^ | 08/28/2014 | James Stafford
    Who could have ever imagined that North America would surpass Saudi Arabia as the world’s largest producer of oil and natural gas liquids? A decade ago, that would have seemed laughable.Yet that’s exactly what has happened; and it’s not just Saudi Arabia that has been left in North America’s dust -- Russia has, too. The surge in North American oil and gas production is arguably the most important development in energy over the last decade. That’s the good news. The not so good news is that North America doesn’t have nearly enough oil and gas pipelines to accommodate its 11-million-barrel-a-day...
  • Shell sells some Nigerian onshore oil fields

    08/28/2014 5:26:30 AM PDT · by thackney · 6 replies
    Reuters ^ | August 27, 2014 | Ron Bousso and Tim Cocks
    Royal Dutch Shell said it had reached deals on some of the four Nigerian oil fields it has offered for sale as the oil major pushes ahead with divesting global assets to cut costs. Shell last year put up for sale its 30 percent shares in four oil blocks in the Niger Delta - Oil Mining Licences... - as well as a major pipeline, the Nembe Creek Trunk Line. "We have signed sales and purchase agreements for some of the oil mining leases, but not all that we are seeking to divest," a Shell spokesman said on Wednesday. In several...
  • Grain Piles Up, Waiting for a Ride, as Trains Move North Dakota Oil

    08/26/2014 8:57:37 AM PDT · by reaganaut1 · 34 replies
    New York Times ^ | August 25, 2014 | RON NIXON
    FARGO, N.D. — The furious pace of energy exploration in North Dakota is creating a crisis for farmers whose grain shipments have been held up by a vast new movement of oil by rail, leading to millions of dollars in agricultural losses and slower production for breakfast cereal giants like General Mills. The backlog is only going to get worse, farmers said, as they prepared this week for what is expected to be a record crop of wheat and soybeans. “If we can’t get this stuff out soon, a lot of it is simply going to go on the ground...
  • Plains All American to build pipeline from Cushing to Memphis

    08/22/2014 5:11:04 AM PDT · by thackney · 10 replies
    Fuel Fix ^ | August 21, 2014 | Vicki Vaughan
    Valero Energy Corp.’s Memphis, Tenn., refinery will begin receiving more low-cost domestic crude oil in two years as part of a plan by another company to build a pipeline to the plant. Houston-based Plains All American Pipeline LP said Thursday it plans to build a pipeline that would deliver as much as 200,000 barrels a day of crude oil to Valero’s Memphis plant when it’s completed in late 2016. The 440-mile, 20-inch pipeline will link Plains’ Cushing, Okla., terminal to Valero’s plant and cost an estimated $900 million. Locally based refiner Valero holds an option until January 2016 to buy...
  • Ukraine 'may cut Russia energy for Europe'

    08/14/2014 4:51:52 AM PDT · by thackney · 9 replies
    The Australian ^ | AUGUST 10, 2014 | DPA
    Ukraine has warned it might cut Russian oil and gas flows to Europe and ban Russian airlines from crossing its airspace, as Moscow criticised the country for suspending a ceasefire at the crash site of MH17. The measures are part of a sanctions bill targeting Russia that will be submitted to parliament, Prime Minister Arseniy Yatsenyuk said in Kiev. Yatsenyuk explained it could include complete or partial bans on transit of all manner of resources, including energy resources and overflights. Ukraine is the key country for the transport of Russian oil and gas to Europe. Previous energy disputes have resulted...
  • Proposed Pipeline Would Cut Across Iowa

    08/13/2014 2:16:13 PM PDT · by Theoria · 22 replies
    Iowa Public Radio ^ | 13 Aug 2014 | Clay Masters
    Business is booming in North Dakota’s Bakken Shale oilfields. With that boom comes a need for infrastructure. More than half of the oil out of the Bakken leaves by train or truck. But companies are working on pipelines. One proposed pipeline would cut clear through the state of Iowa. A Texas company wants to build an 1,100 mile crude oil pipeline, from the northwest corner of the state to the southeast. In two years, the pipeline could be carrying up to 320,000 barrels a day, from the Bakken Shale Oil Fields, to Patoka Illinois, and from there, the oil would...
  • Ukraine Promises Smooth Russian Gas Transit to Europe

    08/12/2014 11:28:17 AM PDT · by thackney
    Rig Zone ^ | August 11, 2014 | Reuters
    kraine state gas grid Naftogaz said it would continue uninterrupted pumping of Russian gas exports to Europe through its territory even if Ukraine imposes its own sanctions on Russia. "Naftogaz affirms its readiness to continue smooth transit of natural gas to European consumers," Chief Executive Andriy Kobolev said in a statement on Monday. Ukraine Prime Minister Arseny Yatseniuk said last week that parliament would debate sanctions against Russia on Tuesday, which could include bans on Russian gas and sanctions against Russian banks. Russia halted gas supplies to Ukraine in June due to disagreements over pricing, but Russian gas transit through...
  • Ukraine may force changes in Russian gas transit to Europe.

    08/11/2014 6:48:17 PM PDT · by wetphoenix · 13 replies
    Reuters via Yahoo! ^ | Pavel Polityuk
    KIEV (Reuters) - Ukraine said European companies would have to agree on a major revision of gas contracts with Russia if Kiev imposes sanctions on Moscow and Gazprom, a measure that may lead to disruption in gas transit to Europe. Ukraine Prime Minister Arseny Yatseniuk said last week that parliament would debate sanctions against Russia on Tuesday, which could include bans on Russian gas and sanctions against Russian banks. Ukraine gas grid Naftogaz said on Monday that the sanctions could limit or even exclude some companies from piping gas through the country, which would allow other firms to take over...
  • Does the Ukrainian Crisis Revolve Around This Pipeline?

    08/11/2014 9:11:33 PM PDT · by Mount Athos · 3 replies
    whowhatwhy.com ^ | Jul 23, 2014 | Sylvia Todorova
    Now that all eyes are on Ukraine and the potential of a bigger war looms, there’s never been a more important time to understand what is at stake. As WhoWhatWhy readers know, the real reasons surrounding a conflict are often buried under the headlines and rhetoric. So it shouldn’t come as any surprise that, behind the scenes, oil and natural gas are driving a big piece of the U.S. response to Russian involvement in Ukraine. If you want to understand where the rubber meets the geopolitical road in the Ukraine war, you need to learn about the 1,480-mile South Stream...
  • Kinder Morgan to unite a house divided in $44 billion deal

    08/11/2014 5:27:27 AM PDT · by thackney · 5 replies
    Fuel Fix ^ | August 10, 2014 | Collin Eaton
    Houston billionaire Richard Kinder is fusing all the pieces of his fragmented pipeline empire into one company, Kinder Morgan Inc., in a $44 billion transaction that ranks among the largest in U.S. history. In a move that would end nearly two decades of delegating its main operations to subordinate firms, Houston-based Kinder Morgan said Sunday it is planning to buy out three companies it controls indirectly for $44 billion in cash and stock, bringing its network of North American pipelines and energy storage terminals under one corporate roof. It also will assume $27 billion in debt. Taken together, the three...
  • Permian’s Oil Surge Creates Need for Pipelines

    08/08/2014 4:22:20 AM PDT · by thackney · 10 replies
    Fox Business ^ | August 07, 2014 | Matthew Rocco
    With crude gushing from the Permian Basin, companies are ramping up efforts to build pipelines and better capitalize on the production surge. Drillers have been producing oil in the Permian for some eight decades. But in recent years, the Texas formation’s central region, which consists of the Delaware and Midland basins, became a hotbed for shale oil. The Permian is now the top oil-producing area in the U.S., accounting for 18% of the nation’s total output in 2013. Based on data from the Energy Information Administration, the Permian recorded production of 1.35 million barrels per day last year. The region...
  • Hick avoids taking position on pipeline ( Colorado )

    08/06/2014 8:33:06 PM PDT · by george76 · 7 replies
    Durango Herald ^ | August 06, 2014 | Peter Marcus
    Says he doesn’t want to upset powers in D.C. Gov. John Hickenlooper today told a room full of Western gas and oil executives that he hasn’t taken a position on the proposed Keystone XL pipeline because he hasn’t wanted to “piss off” the powers that be in Washington, D.C. “I’ve avoided taking a position (on the Keystone pipeline) because it’s just going to piss off a lot of people in Washington that I don’t need to piss off, and my opinion is not going to change anybody’s opinion there,” Hickenlooper said ... Hickenlooper’s opponent, former U.S. Rep. Bob Beauprez, criticized...
  • Officials say power grid is on the brink {New England}

    07/02/2014 4:36:24 AM PDT · by thackney · 74 replies
    SeacoastOnline ^ | July 01, 2014 | Deborah McDermott
    New England states are united in proposing that a tariff be imposed on electricity rates throughout the region to fund more natural gas pipelines and increased transmission infrastructure — to reverse electricity costs that are among the highest in the nation. The proposal is a necessary step because the region has limited gas pipeline capacity despite a demand that has grown from 6 percent in 2000 to 46 percent in 2013, energy experts said at a forum sponsored by The New England Council at St. Anselm's College in Manchester Monday. At the same time, more and more coal-fired, oil and...
  • Pipeline progress, Midstream companies make ‘remarkable’ strides in North Dakota

    07/01/2014 6:02:02 AM PDT · by thackney · 17 replies
    Petroleum News Bakken ^ | Week of June 29, 201 | MAXINE HERR
    North Dakota Gov. Jack Dalrymple is full of gratitude for pipeline infrastructure investments after tasking midstream companies two years ago to build pipelines, and build them quickly. Dalrymple hosted his second Governor’s Pipeline Summit in Bismarck on June 24, bringing together about 150 pipeline industry leaders, energy industry representatives and federal, state and local officials to share their response to the rapid construction of thousands of miles of pipelines to meet oil and gas industry demands. “There was a time a few years ago when we said we’re never going to have enough pipelines to deal with this boom,” Dalrymple...
  • North Dakota aims to double pipeline capacity; Enterprise helps

    06/30/2014 6:06:57 AM PDT · by thackney · 5 replies
    Reuters ^ | Jun 24, 2014 | ERNEST SCHEYDER
    North Dakota intends to nearly double its oil and gas pipeline capacity within two years as part of a plan to curb the wasteful flaring of natural gas in the bustling Bakken oil field, the state's governor said on Tuesday. Oil production in North Dakota has more than tripled in the past decade to 1 million barrels of oil equivalent (boepd) per day, making for the fastest-growing U.S. state economy. But state pipeline capacity has lagged. Governor Jack Dalrymple said the state wants to boost capacity to 1.4 million boepd by 2016 from about 780,000 boepd now. "We will reduce...
  • Canada pulls the plug on the U.S. Keystone Pipeline – will send oil to Asia

    06/29/2014 8:38:39 PM PDT · by Signalman · 52 replies
    WUWT ^ | 6/28/2014 | Anthony Watts
    Obama’s inability to make a decision on Keystone has finally yielded a result – Canada has made the decision for him. Breitbart reports Canada has just approved the Enbridge Northern Gateway Project – a major pipeline to ship Canadian oil to Asia. The Canadian oil will still be burnt – in Asia, instead of America. All the jobs and energy security which Canadian oil could have delivered to America, will instead be delivered to Asia. Rather than purchasing crude from a friendly and allied neighbor, the United States will most likely need to continue its reliance upon hostile sources like...
  • OUT WITH KEYSTONE XL, IN WITH ENBRIDGE NORTHERN GATEWAY

    06/28/2014 11:45:02 PM PDT · by Vince Ferrer · 23 replies
    Breitbart ^ | June 28, 2014 | Thomas Rose
    Claiming it could no longer abide the Obama administration's five-year refusal to approve construction of the Keystone XL pipeline designed to bring 830,000 barrels a day of much-needed Alberta shale oil to U.S. refineries, the Canadian government recently approved plans for a huge new pipeline and port project to ship that oil to Asia instead.
  • Industry touts economic effect of Keystone’s southern leg on Texas

    06/27/2014 5:23:50 AM PDT · by thackney · 1 replies
    Fuel Fix ^ | June 25, 2014 | Ryan Holeywell
    A business association whose members include some of the world’s biggest energy companies is urging the administration to approve the controversial Keystone XL pipeline, arguing that the southern portion of the project already has shown the positive economic impact the project will have on the country. The group commissioned a study on the economic effect of the 485-mile portion of Keystone pipeline known as the Gulf Coast Extension, which opened earlier this year linking Oklahoma and Texas. The study highlights benefits the project had on local businesses like restaurants and hotels along the route. It notes that during construction, TransCanada...