Canada prime minister warns against Keystone XL rejection
Canada’s prime minister says a controversial oil pipeline from his country to the U.S. Gulf Coast “absolutely needs to go ahead” and warns that the oil will be transported through one way or the other. More »
Seaway pipeline starts lottery to dissuade speculators
In April, companies asked to move 70 million barrels a day on the Seaway pipeline, said Enterprise, the pipeline’s owner. That’s almost 10 times the daily U.S. oil production of 7.21 million barrels. More »
Summer relief at gas pumps
This spring, drivers are getting a bit of relief at the pump, as the nation’s average price at the pump has fallen 15 cents a gallon in the last month. More »
Diesel exports from US rising as plant maintenance winds down
Exports of diesel fuel from the U.S. Gulf Coast are poised to climb as refineries returning from maintenance boost production, widening the price gap between the Gulf and Europe. More »
‘Best restoration project in the entire world’ (video)
See the results of an environmental restoration effort on Gulf Coast, where once barren land is now covered with grass and wildlife. Interior Secretary Ken Salazar visited the area Wednesday, saying he hopes it will become the “best restoration project in the entire world.” More »
Major workforce shortage pounding energy industry
There are about 4.5 million to 5 million skilled trade workers in the oil and gas industry in North America, about a million fewer than in the mid-2000s, an expert told members of the American Fuel and Petrochemical Manufacturers at its annual meeting here Tuesday. More »
Keystone fails Texas common-carrier test, landowners say
TransCanada Corp. (TRP) faces court arguments from Texas landowners that its plans for the Keystone XL pipeline to transport Canadian tar-sands oil to coastal refineries don’t give it the right to condemn their property. More »
Pipeline companies to develop natural gas liquids line
Williams Cos. and Boardwalk Pipeline Partners LP agreed to develop a pipeline to carry natural gas liquids from booming shale formations in the U.S. Northeast to customers on the Gulf Coast. More »
Chavez death unlikely to affect U.S. refiners in short-term
Venezuelan President Hugo Chavez’ death isn’t expected to have a short-term impact on Gulf Coast refiners, but if there is a policy shift under his successor increased production could be a welcome benefit, analysts say. More »
Canadian crude rolling into Gulf Coast refineries
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. More »
BP takes on 20-year LNG export contract
BP signed a 20-year agreement to buy liquefied natural gas exported from a terminal in Freeport, which is the first of several facilities awaiting federal approvals for natural gas exports, Freeport LNG said Monday. More »
Gulf Coast refiners will stop light, sweet crude imports
Valero CEO Bill Klese said surging crude production will eliminate the need for light, sweet crude imports by the end of 2013. More »
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