October 2015

Hurricane Joaquin may damage energy infrastructure this weekend – EIA

News

Governors in 5 states declared states of emergency ahead of Hurricane Joaquin arrival Hurricane Joaquin, which strengthened to a Category 4 storm on Thursday, and could affect energy infrastructure such as power transmission and distribution lines, petroleum refineries, natural gas processing plants, and distribution terminals, according to the US Energy Information Administration. According to weather forecasts, Hurricane Joaquin […]

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Bayou Bridge Pipeline connects Texas oil to Louisiana refineries

News

Bayou Bridge will supplant marine and rail delivery of crude oil to Louisiana Bayou Bridge Pipeline, LLC has launched a binding expansion open season to assess additional interest in transportation service from Nederland, Texas, to refining markets in Louisiana. Bayou Bridge is jointly owned by subsidiaries of Phillips 66 (40%), Energy Transfer Partners, L.P. (30%) and Sunoco

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Senate banking panel backs bill to lift crude oil export ban

News

White House opposes end to crude oil export ban WASHINGTON – The Senate Banking Committee endorsed a bill Thursday to lift the four-decade-old  crude oil export ban, the latest sign of congressional support for legislation that President Barack Obama opposes. The banking panel endorsed the bill, 13-9, on a largely party-line vote. Sen. Heidi Heitkamp of North Dakota

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Feds want tougher oil pipeline rules after spills showed gaps in oversight

News

New oil pipeline rules proposed by US Dept. of Transportation BILLINGS, Mont. – New federal rules proposed for pipelines that carry oil and other hazardous liquids could have prevented more than 200 accidents since 2010, including a Michigan rupture that ranks as the costliest onshore spill in U.S. history, federal officials said. The U.S. Transportation Department proposal

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Shell to spend $55 million to clean soil at old California rubber plant

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Shell reaches deal with EPA to clean waste from Del Amo Superfund site TORRANCE, Calif. – Shell Oil Co. will spend $55 million to clean contaminated soil at a former Los Angeles County rubber plant under an agreement with the federal government. The deal announced Wednesday by the U.S. Environmental Protection Agency requires Shell to clean contaminants

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Oil field service equipment scooped for bargain prices during downturn

Energy Financial

Las Vegas-based First Titan says market for used oil field equipment will be huge when industry turns around First Titan Corp. believes it has found a lucrative new source of future revenues and is pursuing opportunities in a market some are abandoning: oil field services. Oversupply and falling demand have the oil and gas industry mired in a

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API praises House committee vote for energy bill supporting LNG exports

News

Training opportunities created by LNG bill will ensure that workers of all backgrounds can prepare for new, well-paying jobs in energy sector New bipartisan legislation approved by the House Energy and Commerce Committee is being lauded as a step forward for American LNG exports by the industry’s top lobby group. The American Petroleum Institute says the bill will

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Sanchez Energy enhances liquidity with $345 million midstream asset sale

Energy Financial

  Sanchez Energy says lifting costs were $7.78/BOE for first half of 2015, lower than guidance range of $9 – $10/BOE Sanchez Energy Corp. is selling pipelines, gathering and compression assets in the Eagle Ford for $345 million, one more sign of hard times in the Texas oil patch. Houston-based Sanchez Energy Corp. announced earlier this week

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Saudi Arabia considers cuts to welfare, investment due to drop in oil revenue

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Saudi Arabia starts losing money when oil drops to below $70/barrel JIDDAH, Saudi Arabia – At a gas station in Saudi Arabia’s second largest city of Jiddah, drivers are fuelling up their cars at just 45 cents a gallon, four times less than the price of water. To make that possible, the kingdom spends up to $10.7 billion

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