A competitor pipeline to Keystone XL already is funneling oil sands crude to Texas refineries at a rate of 100,000 barrels per day, despite environmentalists’ attempts to block the southward flow of the Canadian oil.
Thousands of environmental activists are descending on the nation’s capital today for a rally against the Keystone XL pipeline that would ferry oil sands crude from Canada to refineries along the Gulf Coast.
The North Slope’s three major players — Exxon Mobil, BP and ConocoPhillips — and TransCanada said they were looking at a 42-inch diameter pipeline that would carry up to 3½ billion cubic feet of gas a day and would have five off-takes along the route.
Enbridge Inc., the largest transporter of Canadian crude to the U.S., said fourth-quarter profit declined on derivatives contracts losses and a reduction in the value of its offshore natural gas pipelines.
The oil industry and some union workers are stepping up their campaign for the Keystone XL pipeline, as the Obama administration nears a decision on whether to approve the controversial $7 billion project.
Howard Midstream Energy Partners LLC will build a new natural gas plant in Webb County to process 200 million cubic feet of gas per day, as well as a logistics railroad hub at the new Live Oak Railroad in Live Oak County.
Spectra Energy Corp.’s plan to build a 16-mile pipeline to bring natural gas into Manhattan from New Jersey was cleared by a New York state judge who rejected an environmental group’s challenge to the project.
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