Tag: gulf coast

Oil spill claims boss rebuts BP’s bid to remove him

The Louisiana lawyer in charge of dispensing BP’s oil spill settlement responded to the company’s request to remove him from the post, saying BP knew when he was appointed that he previously had represented the state in spill claims.  More »

Gulf Coast crude imports fall to lowest level in 6 years

Advances in technology have unleashed vast new supplies of U.S. oil, reducing the nation’s need for foreign crude.  More »

Keystone be darned: Canada finds oil route around Obama

From the Canadian perspective, Keystone has become a tractor mired in an interminably muddy field.  More »

New pipelines to end Midland crude discount in coming months, analyst says

The BridgeTex pipeline began its first shipments of oil from the Permian Basin to the Gulf Coast, in what could be an important step toward bringing oil prices in the Midland region back toward parity with the U.S. benchmark set in Cushing, Oklahoma.  More »

BP won’t get restitution for spill settlement payments, U.S. Judge Barbier says

The judge said Wednesday that hundreds of millions in settlement payments over the spill will not go back to BP, despite the court’s recalculation of how much some businesses should receive.  More »

LyondellBasell may expand Channelview plant

The international chemical giant, operated out of Houston, announced Wednesday that it is evaluating an expansion project to potentially boost the Channelview plant’s ethylene capacity by 550 million pounds per year.  More »

Gulf Coast drives surge in U.S. exports of petroleum products

The United States is exporting more petroleum products, most of which is coming from the Gulf Coast.  More »

Gulf Coast to benefit from refinery retrofits

Refiners are scrambling for ways to process newly abundant light crude from U.S. shale, and much of their construction and retrofitting investment will be on the Gulf Coast.  More »

McClendon’s American Energy, Regency to build $500M Utica pipeline

A $500 million pipeline planned for next year could carry natural gas from Aubrey McClendon’s growing web of gas wells in Ohio to the Gulf Coast and several mid-western and southern states.  More »

BP appeals to Supreme Court on spill settlement

BP wants the U.S. Supreme Court to intervene in a months-long battle over who can get paid for oil spill damages.  More »

Rail terminal could bring more Canadian oil to Gulf

The oil industry isn’t waiting on the Keystone Pipeline to build a link between Canadian heavy crude and the Gulf Coast.  More »

Supreme Court denies BP on spill payment freeze

The Supreme Court on Monday rejected BP’s emergency petition to halt oil spill payments while it considers whether or not to take up a broader dispute over allegedly fabricated economic-loss claims.  More »
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