Energy

Pipe(line) dreams - by Matt Miller

Pipelines are big business and even bigger geo-politics. Just ask Russia’s President Vladimir Putin who without much fanfare cancelled the “South Stream,” one of the world’s largest pipeline projects. And there is the controversial Keystone XL pipeline project, which elicits a continental divide of opinions in the US congress. Dreams for new pipelines abound but political realities dampen prospects.

Kinder Morgan to expand Eagle Ford pipeline in Texas

Reuters | April 15, 2015 | Energy | Pipeline

Kinder Morgan Inc plans to expand its 300,000 barrels per day Eagle Ford crude and condensate pipeline in Texas to 360,000 bpd, the company said on Wednesday in a quarterly earnings release. Read More »

Molycorp chosen to supply Rare Earths for use in high-efficiency Siemens wind turbine generators

AJOT | April 15, 2015 | Energy | Alternative | International Trade

Siemens AG has selected Molycorp, Inc.to supply rare earth materials over the next 10 years from its Mountain Pass, California facility for incorporation into Siemens' high-efficiency, direct drive wind turbine generators. Read More »

Vopak staff to strike at Vlissingen

Reuters | April 15, 2015 | Energy | Maritime | Ports & Terminals | Ports | Wet Bulk Port

Staff at Vopak will strike for at least two hours on Wednesday at the oil and gas storage company’s terminal at the Dutch port of Vlissingen, a union official told Reuters. Read More »

Magellan Midstream, TransCanada to develop Houston pipeline

Reuters | April 14, 2015 | Breakbulk & Projects | Projects | Energy | Pipeline

Magellan Midstream Partners LP and TransCanada Corp , Canada’s second-largest pipeline company, said on Tuesday they will develop a pipeline to connect TransCanada’s Houston tank terminal to Magellan’s East Houston terminal. Read More »

U.S. to become a net exporter of natgas by 2017

Reuters | April 14, 2015 | Energy | International Trade

The United States will transition from a net importer of natural gas to a net exporter of the fuel by 2017 as the nation’s shale gas production continues to grow, the U.S. Energy Information Administration said on Tuesday in its Annual Energy Outlook. Read More »

Cheniere plans final investment decision on U.S. LNG project within 30 days

Reuters | April 14, 2015 | Energy | International Trade

CHENIERE-LNG/INVESTMENT (UPDATE 1):UPDATE 1-Cheniere plans final investment decision on U.S. LNG project within 30 days Read More »

Gibson Energy to build 900,000 barrels of crude storage in Alberta

Reuters | April 13, 2015 | Breakbulk & Projects | Projects | Energy

Canadian oil storage and transport company Gibson Energy Inc said on Monday it is building 900,000 barrels of crude oil storage at its terminal in Hardisty, Alberta, after receiving sufficient support from shippers. Read More »

Colonial allocates Cycle 22 shipments on distillate Line 20

Reuters | April 13, 2015 | Energy | Pipeline

Colonial Pipeline is allocating space for Cycle 22 shipments on Line 20, which carries distillates from Atlanta to Nashville, according to a notice sent to shippers on Monday. Read More »

Mitsubishi group to build methanol plant in Trinidad and Tobago

Reuters | April 13, 2015 | Breakbulk & Projects | Projects | Energy | Refinery

Japan’s three Mitsubishi group companies have signed a contract with state-owned National Gas Company of Trinidad and Tobago Ltd and Massy Holdings to build a methanol producing plant in the Caribbean country for about $1 billion. Read More »

Hearing to Examine Status of Rail, Pipeline, & Hazmat Safety Rules

AJOT | April 10, 2015 | Energy | Pipeline | Rail and Road | Intermodal | Road

The Subcommittee on Railroads, Pipelines, and Hazardous Materials, chaired by U.S. Rep. Jeff Denham (R-CA), will hold a hearing next week on the status of current federal railroad, pipeline, and hazardous materials safety rulemakings. Read More »

TransAtlantic Petroleum Provides Operational Update

GlobeNewswire | April 10, 2015 | Energy | Discovery

TransAtlantic Petroleum Ltd. provided an operational update on its current drilling program. Read More »

Asia Tankers-VLCC rates face uncertain direction as owners, charterers battle over cargo

Reuters | April 10, 2015 | Energy | Maritime

Rates for very large crude carriers (VLCCs) on key Asian routes face an uncertain week as owners seek to push for higher rates, while charterers could cap fixture activity to cool the recent spike in prices, brokers said. Read More »

U.S. DOE buys 4.3 million barrels of oil to replenish strategic reserve

Reuters | April 09, 2015 | Energy

The U.S. Department of Energy on Thursday announced it has awarded BP Products North America and Noble Americas contracts to deliver nearly 4.2 million barrels of crude oil for the Strategic Petroleum Reserve to replenish oil it sold last year. Read More »

Refineries revolution to spur use of oil products supertankers

Reuters | April 09, 2015 | Energy | Maritime | International Trade

The rapid growth of mega refineries is prompting a new class of oil products supertankers, mirroring an earlier revolution in crude oil shipping, as traders look for scale that was previously not economically viable. Read More »

TransCanada looking at oil port sites outside Quebec

Reuters | April 08, 2015 | Energy | Maritime | Ports & Terminals | Ports | Wet Bulk Port

TransCanada Corp will widen its search for sites for an oil-pipeline export terminal outside Quebec after scrapping plans to build one in the province due to environmental concerns, the company’s chief executive said on Wednesday. Read More »

California imports of crude by rail fall sharply in February from January

Reuters | April 07, 2015 | Energy | Rail and Road | Intermodal | Rail

California imported 176,203 barrels of crude by rail in February, the lowest single-month level since January 2013, the California Energy Commission said on Tuesday. Read More »

Colonial allocates Cycle 21 shipments on distillate Line 20

Reuters | April 07, 2015 | Energy | Pipeline

Colonial Pipeline is allocating space for Cycle 21 shipments on Line 20, which carries distillates from Atlanta to Nashville, Tennessee, according to a notice sent to shippers on Tuesday. Read More »

Brazil’s Oleo e Gas, OSX in talks to halt Tubarao Azul oil output

Reuters | April 07, 2015 | Energy | Discovery

Brazil’s Oleo e Gas Participacoes SA is in talks with units of shipbuilder and ship-leaser OSX Brasil SA to halt output from its Tubarao Martelo offshore oil field, Oleo e Gas said in a securities filing on Tuesday. Read More »

U.S. oil train traffic mostly from Midwest to East Coast, data shows

Reuters | March 30, 2015 | Energy | Rail and Road | Intermodal | Rail

U.S. oil trains delivered more than 13.5 million barrels of crude oil from the Midwest to the East Coast in January, according to government data that gives a first of its kind snapshot of such shipments. Read More »

Colonial allocates Cycle 19 shipments on Line 20

Reuters | March 30, 2015 | Energy | Pipeline

Colonial Pipeline is allocating space for Cycle 19 shipments on Line 20, which carries distillates from Atlanta to Nashville, Tennessee, according to a notice sent to shippers on Monday. Read More »