Category: Pipelines

Crude inventories at their highest level in decades after another build

Total crude oil inventories now stand at 444.4 million barrels, a modern-era high.  More »

US running out of room to store oil; price collapse next?

If record production in the U.S. keeps up, storage tanks could approach their operational limits, known in the industry as “tank tops,” by mid-April and send the price of crude — and probably gasoline, too — plummeting.  More »

Kinder Morgan to give more public info on New Hampshire pipeline plan

In a letter sent last week to Kinder Morgan, the state’s congressional delegation asked the company to do more public outreach beyond five meetings conducted recently in communities affected by the proposal.  More »

Effort to seize Nebraska land for pipeline remain on hold

The proposed pipeline still needs presidential approval before it could be built across Montana, South Dakota and Nebraska to connect with existing pipelines.  More »

Crestwood Equity Partners to cut jobs

The CEO of Crestwood Equity Partners told investors Tuesday the company will ax an undisclosed number of jobs as part of a effort to save $25 million to $30 million in the first half of the year as it deals with the aftereffects of falling oil prices.  More »

Alternate routes proposed for Atlantic Coast Pipeline in Virginia

Dominion Resources spokesman Jim Norvelle tells media outlets that one alternate route would cross about 10 fewer bodies of water in Augusta and Nelson counties than the current proposed route.  More »

Enterprise Products, Anadarko, Markwest and DCP announce joint venture for NGL pipeline

Under the terms announced, Enterprise will continue to own 55 percent of the line that connects to its processing and storage hub in Mont Belvieu, Texas.  More »

Report: Most Keystone crude will stay in U.S.

President Barack Obama has questioned the merits of the pipeline, suggesting last year that the crude carried through it would go “everywhere else” but the U.S.  More »

Oil extends weekly loss as Libya opens pipeline

West Texas Intermediate lost as much as 2.5 percent after falling 4.6 percent last week.  More »

Exxon Mobil appeals $1 million penalty for Yellowstone River spill

Safety regulators said Exxon Mobil failed to adequately heed warnings that its 20-year-old Silvertip Pipeline was at risk from flooding.  More »

Crude oil flowing into Cushing, Oklahoma, worth billions

As oil prices have plummeted over the last several months, the U.S. Energy Information Administration said companies have stockpiled about 2.2 million barrels a week at Cushing.  More »

Walker plans to pursue 2 export-capable gaslines

The state faces projected multibillion-dollar budget deficits amid a crash in oil prices, and the stand-alone project was among the big-ticket projects for which Walker late last year had halted new spending pending a review.  More »

TransCanada to seek U.S. approval for $600 million Upland Pipeline

TransCanada Corp.’s proposed $600 million Upland Pipeline would begin near the northwestern North Dakota oil hub of Williston and go north into Canada about 200 miles.  More »

NiSource planning billions in midstream investment

NiSource CEO Robert Skaggs indicated that the company would continue to look for ways to move natural gas from Marcellus and Utica plays to markets in the mid-Atlantic.  More »

To combat fuel theft, Pemex reduces gasoline and diesel pipeline shipments

Pemex reported 3,600 illegal fuel taps on pipelines last year, a 66 percent increase from the 2,167 a year earlier, costing the company an estimated $792 million.  More »
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