Category: Pipelines

Refiners beating Exxon join pipeline boom for lost margin

Refiners (S5OILR) from Tesoro Corp. (TSO) to Phillips 66 that gained as much as 86 percent this year are investing in pipelines for new revenue as margins for turning oil into gasoline narrow from record levels.  More »

Fairbanks cooperative applies for pipeline permit

Golden Valley Electric Association has applied for a state permit to build a short North Slope pipeline that could move natural gas from a flow station to a proposed liquefaction plant.  More »

At State, Kerry could push climate change action

Obama’s pick to be the new Secretary of State also could face a tough decision on whether the proposed Keystone XL pipeline is in the “national interest.”  More »

Chevron buying stake in Canadian LNG, pipeline projects

A unit of Chevron Corp. is buying a 50 percent stake in liquefied natural gas and pipeline projects in Canada and obtaining rights related to gas fields in a deal that involves Houston-based exploration and production firms Apache Corp. and EOG Resources Inc.  More »

Pipeline foes to send ‘Grinch’ to governor’s house

Opponents of the Keystone XL pipeline are claiming new allies in their push to keep the project away from the Ogallala Aquifer: the Grinch and Cindy Lou Who.  More »

Valero to ship Eagle Ford crude to Quebec plant

Valero Energy Corp. has secured a permit from the U.S. Commerce Department to ship crude oil from the Gulf Coast to its plant in Quebec as part of a plan to lower the cost of its feedstock.  More »

Burning pipeline fire sign of Nigeria’s woes

The gasoline pipeline burns unstopped near a village close to Nigeria’s sprawling megacity of Lagos, shooting flames into the air as leaking fuel muddies the ground. All around it, the ground is littered with plastic jerry-cans, used by those who hacked into the line to steal the fuel within.  More »

PG&E customers to foot part of pipe safety costs

California regulators on Thursday unanimously approved a two-year Pacific Gas and Electric Co. rate increase of $299 million to help pay for pipeline inspection and upgrade costs in the wake of the fatal 2010 gas pipeline explosion in a San Francisco Bay area suburb.  More »

Keystone XL foes say fed study should consider climate effects

The Obama administration is set to unveil a fresh environmental analysis of the Keystone XL pipeline as early as this week, but critics say that study won’t be complete unless it considers climate change costs tied to the $7 billion project.  More »

Keystone protesters pay price for camping in Texas trees

Protesters trying to save the world by sitting in trees or blocking equipment used to build the Keystone XL oil pipeline are learning that environmental activism can be a ticket to lengthy jail time in east Texas.  More »

Phillips 66 to launch offering for MLP

Phillips 66 said it will file an initial public offering for some of its transportation assets in 2013. The company also announced a $3.7 billion capital program for the year, 6 percent higher than 2012 spending.  More »

Tesoro to buy pipeline, terminals

San Antonio-based Tesoro Logistics LP agreed this week to pay $400 million for pipelines and terminals in the Northwest.  More »

Williams bets $2.4 billion on pipeline venture Chesapeake quit

Williams Cos. (WMB), the third-largest U.S. pipeline company, is betting as much as $2.4 billion it can profit from a shale-pipeline partnership that Chesapeake Energy Corp. (CHK) exited earlier this year.  More »

Enbridge pipeline faces scallop-farmers fight

A line of yellow buoys marking the boundaries of a scallop farm outside Prince Rupert, British Columbia presents the biggest challenge Enbridge Inc. (ENB) may face in its bid to connect Canada’s oil sands to Asia.  More »

TransCanada will fight order to halt Keystone XL work

A Texas judge has ordered TransCanada to halt work temporarily on a private property where it is building part of an oil pipeline designed to carry tar sands oil from Canada to the Gulf Coast.  More »