Category: Pipelines

Royal Dutch Shell shuts down Nigeria oil pipeline

Royal Dutch Shell PLC says it has shut down a pipeline in Nigeria’s oil-rich southern delta after finding leaks it blamed on oil thieves.  More »

NuStar to sell S.A. refinery, buy Eagle Ford pipelines

NuStar Energy LP said it will boost its investment in the Eagle Ford Shale and sell its San Antonio refinery as part of a plan to focus on more stable operations.  More »

Energy stocks hammered after Obama wins election

U.S. energy stocks were sharply lower Wednesday after President Barack Obama secured re-election to a second term in the White House.  More »

Circor International energy unit relocates to Houston

A unit of valve and pipeline component maker Circor International Inc. has moved its offices from Oklahoma City to Houston as it seeks to make further inroads in the energy sector.  More »

Master limited partnerships offer low protections with their high returns

Master limited partnerships, an increasingly popular structure for investment in energy assets, offer higher potential returns but lower investor protections than other publicly traded mechanisms, Moody’s reports.  More »

Enterprise reports 23 percent profit jump

As profits grow on rising domestic energy production, the pipeline and storage company announced the launch of an expanded crude storage facility in Harris County Thursday.  More »

Protests or not, they have a pipeline to build

The teams start rolling out before daybreak, a rumbling cacophony orchestrated under floodlights and black skies.  More »

TransCanada to be audited by regulator over safety of pipelines

TransCanada Corp. (TRP), facing opposition from campaigners including actress Daryl Hannah to its planned Keystone XL oil pipeline, will be audited by Canadian regulators to check whether it meets safety and management standards.  More »

Calif. judge issues ruling in pipeline blast cases

A jury can decide if Pacific Gas & Electric Co. should pay victims of the deadly San Bruno pipeline blast punitive damages in civil court, a Northern California judge ruled Tuesday.  More »

BP says U.S. deal over oil spill fines no guarantee

British oil giant BP said Tuesday it is unsure whether it will be able to reach a settlement with the U.S. Justice Department over fines and penalties related to the 2010 Gulf of Mexico oil spill as it reported its third-quarter profit rose more than 5 percent despite a drop in revenue due in part to lower production of oil and gas.  More »

Russia’s Gazprom plans new Pacific gas pipeline

Gazprom plans to build a 2,000-mile pipeline linking the field with Russia’s Pacific port of Vladivostok.  More »

TransCanada plans $3 billion pipeline with PetroChina

The stake would be the largest taken by a Chinese company in a Canadian pipeline.  More »

Opinions split on Keystone XL protests in East Texas

For more than a month, a group calling itself Tar Sands Blockade has embarked on the most aggressive effort yet to stop work on the southern portion of TransCanada’s Keystone XL pipeline.  More »

Marathon Petroleum unit rises after IPO

A pipeline subsidiary of Marathon Petroleum Corp. rose in its stock market debut after raising $380.6 million in an initial public offering of its units.  More »

Opinion: Coming U.S. oil gusher makes Keystone XL less important

The argument is familiar to just about every American by now: The United States needs to import more Canadian crude oil to secure its energy independence, and building the proposed Keystone XL import pipeline is critical to accomplishing that goal.  More »