Category: Pipelines

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 »

Report on Nebraska pipeline route goes to governor

The State Department has federal jurisdiction because the pipeline begins in Canada.  More »

Floods blamed for 2.4M gallons of spilled crude, feds say

Flood-related pipeline spills account for fewer than 1 percent of all pipeline accidents, but pose a greater threat to drinking water.  More »