Tag: gulf coast

Enterprise Products, Anadarko, Markwest and DCP announce joint venture for NGL pipeline

Under the terms announced, Enterprise will continue to own 55 percent of the line that connects to its processing and storage hub in Mont Belvieu, Texas.  More »

Pioneer’s chairman and CEO: Exporting oil could equate to more jobs, production and investment

Lifting the ban now would be less painful for consumers because if gasoline prices were to rise, the increase wouldn’t be as much, Scott Sheffield said.  More »

Fluor wins new work, will hold steady on jobs amid low oil prices

Engineering and construction firm Fluor Corp.’s revenue fell in the fourth quarter, but its backlog grew faster even though oil companies and other customers are spending less amid low crude prices.  More »

TransCanada profit beats estimates as Keystone leg comes online

TransCanada’s oil shipments climbed as the company started deliveries last year from Oklahoma to Texas on its Gulf Coast line, the southern leg of the original Keystone XL proposal.  More »

Congress to postpone sending Keystone-pipeline bill to Obama

Sen. John Hoeven of North Dakota, the chief Republican sponsor, told reporters Thursday it would be better if Congress was in town when President Barack Obama vetoes the bill “so attention is brought to it.”  More »

Video: Anadarko turns massive Gulf spar into marine habitat

Anadarko Petroleum Corp. has turned a 7,200-ton cell spar hull into a dark cave-like habitat for fish, sea anemones and other deep-sea creatures 200 miles off the coast of Louisiana.  More »

BP trial: Oil spill caused massive ecological damage, marine scientist says

U.S. prosecutors are arguing that BP should have to pay all of the $13.7 billion in Clean Water Act fines for the disaster, which killed 11 workers and spilled millions of barrels of oil into the Gulf.  More »

Hillary Clinton to speak in Canada amid debate over Keystone

The former U.S. secretary of state was to headline events in Winnipeg, Manitoba, and Saskatoon, Saskatchewan, in her first public speeches of 2015, a day after President Barack Obama delivered his State of the Union address.  More »

U.S. shale oil growth hurts Canadians as well as OPEC

A surge of light oil from North Dakota and Texas is cutting into the earnings of Canadians who turn heavy oil sands into a lighter crude that fetches more from refiners.  More »

First U.S. witness gives BP oil spill response high grade

Coast Guard Rear Admiral Meredith Austin noted that BP personnel had inappropriately packed up equipment at various branches of the response effort before the runaway Macando well was finally killed in September.  More »

Oil falls once again, looks to end 2014 at new lows

Behind the early fall was news that inventories at the oil trading hub of Cushing, Oklahoma rose by nearly 2 million barrels, according to U.S. Energy Information Administration data for the week ending Dec. 26.  More »

Canadian oil surge to U.S. Gulf puts Mexico on defensive

The Canadian supply will square off against crudes from Mexico and Venezuela that have traditionally fed refineries along the Texas and Louisiana coasts.  More »

Keystone pipeline to top Senate agenda next year

Congressional Republicans have been pushing for approval of the pipeline for years. Obama has resisted because of environmental concerns.  More »

Keystone left behind as Canadian oil pours into U.S.

The expansion shows Canadians are finding alternative entry points into the U.S. while the Keystone saga drags on.  More »

Plains to buy half of BridgeTex in $1.1 billion deal

The pipeline is a major artery for the basin with a capacity of 300,000 barrels per day of crude.  More »
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