With limited pipeline options to ship oil sands crude out of Canada, Exxon Mobil Corp. plans to move up to 100,000 barrels per day of Canadian oil using a new rail terminal that should be running by 2015, an executive said Thursday.
Energy Transfer Partners claims Houston-based Enterprise Products Partners broke its commitment to jointly build a pipeline from Okahoma to Houston and argues Canadian pipeline giant Enbridge conspired to illegally cut ETP out of the deal.
President Barack Obama isn’t likely to utter a word about the controversial Keystone XL pipeline during his State of the Union address Tuesday night — but that isn’t stopping fans and foes of the project from pressing the issue as the White House puts the final touches on the speech.
Koch Pipeline Co. called off plans to build a 250,000-barrel-a-day crude line to Illinois from North Dakota’s Bakken formation, where a shale boom has helped lift domestic production to the highest in a quarter-century.
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