Parnell sets new benchmarks for gas pipeline
Gov. Sean Parnell on Wednesday set new benchmarks for progress on a major natural gas pipeline project in Alaska and urged lawmakers to act this year on legislation to change the state’s oil tax structure. More »
Enbridge losing business to railroads, refiner says
Enbridge Inc.’s North Dakota pipeline system has been underused for the past three months as railroads move more oil out of the Bakken shale play, a refining company told U.S. regulators. More »
Alaska gov proposing oil tax revamp
Gov. Sean Parnell is proposing an overhaul of Alaska’s oil tax structure, saying his new plan is simpler and aimed at making the state more competitive while encouraging new production. More »
Congress denies $1.5 billion with favor to pipelines
For more than 60 years, the Tennessee Gas Pipeline has linked natural-gas wells in Texas to customers in the north. Until last year, it paid federal corporate income taxes on its earnings, setting aside $107 million in 2011 alone. More »
Oil price jumps as Seaway pipeline launches
The Seaway expansion now carries the glut of oil at the Cushing, Okla. hub to Gulf Coast refineres, helping to lift prices of West Texas Intermediate crude. Forecasts of cold weather in the Northeast also are boosting crude. More »
Cyber attacks at energy facilities jump at ‘alarming rate’
Cyber attacks against the energy industry grew at an “alarming rate” in 2012, jumping 40 percent, according to a quarterly update from the U.S. Department of Homeland Security. More »
Seaway expands to reduce midwest glut as oil flows to Gulf
Enterprise Products Partners LP and Enbridge Inc. have completed an expansion of the Seaway pipeline that will increase the supply of crude oil from the U.S. Midwest to refineries along the Gulf Coast. More »
Kinder Morgan to grow Trans Mountain pipeline expansion
The Trans Mountain oil-pipeline expansion will carry 890,000 barrels a day under the bigger expansion plan. Kinder Morgan had reduced the scope of the expansion in May to 750,000 barrels a day. More »
TransCanada plans $5.1 billion pipeline to LNG terminal
TransCanada Corp. (TRP), builder of the Keystone XL oil pipeline, was selected to construct and operate a C$5 billion ($5.1 billion) natural-gas conduit to Petroliam Nasional Bhd’s planned export terminal in British Columbia. More »
Phillips 66 moving Bakken oil by rail in $1B deal
Phillips 66 has begun shipping crude by rail from North Dakota to a refinery in New Jersey in an effort estimated at more than $1 billion. More »
Tradition Midstream moves into U.S. shale fields
Tradition Midstream LLC said it has secured $100 million in equity financing to develop midstream assets in shale plays across North America. More »
Keystone XL activists arrested outside TransCanada Houston office
See video of the Keystone XL pipeline protest outside of one of TransCanada’s Houston offices, where two activists were arrested Monday morning. More »
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