Category: Crude oil

Enterprise and Kinder Morgan to gauge demand for new pipelines

Enterprise Product Partners and Kinder Morgan Energy Partners are evaluating demand for two proposed two new pipelines serving the Utica region in Ohio and the Williston Basin region of North Dakota.  More »

NRG may expand carbon capture plans

NRG is installing technology at the W.A. Parish plant to capture carbon dioxide before it is emitted into the atmosphere.  More »

Oil falls as refineries cut operating rates

“Refiners in the U.S. are going into maintenance, which is going to reduce demand for crude.” expert says.  More »

Refiners lobby Obama administration against condensate exports

Four refiners are lobbying the Obama administration to overturn recent rulings that allowed companies to export an ultra-light oil known as condensate once it has been minimally processed.  More »

Crude oil rail shipments set record pace

Rail shipments of crude oil rose to 119,634 carloads in the most recent fiscal quarter, an increase of more than 10 percent over the 106,605 shipments in the comparable period last year, according to figures released Thursday by the American Association of Railroads.  More »

Oil rises on possible Ukraine cease-fire

Oil for October delivery advanced $2.66, or 2.9 percent, to settle at $95.54 a barrel on the New York Mercantile Exchange.  More »

Buckeye Partners to buy $860 million in Trafigura Eagle Ford midstream assets

Buckeye Partners L.P. said Tuesday it would enter the fast-growing Eagle Ford region with an $860 million deal to acquire an 80 percent interest Trafigura AG’s South Texas midstream assets.  More »

U.S. crude price at lowest level since January

Natural gas futures posted the biggest drop in six months.  More »

Water resources a problem for energy extraction worldwide, report finds

According to the analysis by the World Resources Institute, 38 percent of the earth’s shale gas and tight oil resources are in areas that are either arid or under high levels of water stress already _ a scenario that does not mesh with the high water demands of today’s extraction techniques.  More »

Researchers at work on using liquid nitrogen instead of water in fracturing

Petroleum engineers in Colorado are working on a process called cryogenic fracturing, which replaces water with searing cold liquid nitrogen or liquid carbon dioxide.  More »

Crude oil rides Texas’ rails with little tracking

For generations of producers drillers in Texas, where a vast pipeline system has grown with the fits and starts of the oil industry’s notorious business cycle, railroads provided little more than a relatively expensive last resort. But in the boom associated with the hydraulic fracturing, producers increasingly enlist trains to handle the glut.  More »

Hilcorp drops bid to force drilling on holdouts

The Houston-based company had sought to use a 1961 Pennsylvania law to drill under the property of a few holdout landowners in New Bedford, near the Ohio border north of Pittsburgh.  More »
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