Acquisitions & Divestitures - Midstream

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Chevron Will Exit Australian Shale Gas

Chevron Global Energy Inc. will sell its stake in refiner Caltex Australia Ltd., Business Wire said. Bloomberg said this marks Chevron’s exit from shale gas in Beach Energy’s Nappamerri Trough.

Fri, 03/27/2015 - 12:02
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BlackRock, First Reserve Take $900 Million Stake In Mexico Pipeline Project

U.S.-based asset manager BlackRock Inc. and private-equity firm First Reserve took a roughly-$900 million joint stake in phase two of Mexico’s Los Ramones Pipeline project, state-owned Pemex said, Reuters reported. 

Fri, 03/27/2015 - 09:29
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Report: Kinetic Energy, Not Contents, Likely Cause Train Derailment Fires

Kinetic energy created by a derailment factors more heavily in the size of a fire than whatever the train is hauling, according to a report, the American Petroleum Institute said. 

Thu, 03/26/2015 - 12:27
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Senate Democrats Urge Oil Train Safety Standards

Democratic lawmakers wrote in cosponsored legislation that “these outdated cars pose an alarming risk,” Reuters said. Sen. Maria Cantwell introduced the legislation concerning regulation of train-transported Bakken crude oil.

Wed, 03/25/2015 - 14:24
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Plains All American Pipeline, Delek Logistics Form Caddo Pipeline JV

The pipeline will move 80,000 barrels of crude oil from Longview, Texas, to Shreveport, La., and El Dorado, Ark. The joint venture between the companies creates Caddo Pipeline LLC.

Wed, 03/25/2015 - 08:59
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FERC Will Consider Rio Grande Valley LNG Project

NextDecade LLC owns Rio Grande LNG. The project includes the 129-mile proposed Rio Bravo Pipeline and the Rio Grande LNG facility with six, 4.5-tonnes per year-capacity liquefaction trains, Reuters said.

Tue, 03/24/2015 - 08:30
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More Pipeline Safety Violation Allegations Arise At TransCanada

Canada’s National Energy Board investigates 12 new allegations of natural gas pipeline safety code violations at TransCanada Corp., Reuters said. Allegations concern repairs, welding and personnel reporting of issues.

Thu, 03/19/2015 - 17:01
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No Commodity Trading Exemption For Banks: Fed Reserve Exec

Morgan Stanley and Goldman Sachs’ privilege to trade crude oil cargoes should be overturned, a Federal Reserve official said. The Federal Reserve will announce results of its banks and commodities review, Reuters said.

Thu, 03/19/2015 - 15:07
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At Vail Conference, Bid To Lift Export Ban Is Emphasized

‘The argument is pro-consumer, pro-economy, pro-national security, and it’s a bipartisan issue,” says Encana Corp. president and CEO Doug Suttles.

Susan Klann
Thu, 03/19/2015 - 10:30
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Oil Storage Companies Benefit From Contango

Cushing, Okla.’s, tank farms might fill by late April. Traders race to fill the city's last storage tanks. Some storage companies are buying crude oil to put up, Bloomberg said.

Thu, 03/19/2015 - 09:33
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US Lawmakers Ask DOE About Emergency Oil Reserves

Reduced crude exports mean a likely reduction for the country's Strategic Oil Reserve. The Department of Energy will release its plans to “make over” the 727 million-barrel stockpile, Reuters said. 

Thu, 03/19/2015 - 09:01
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EPA Regs Will Damage Industry, Oil, Gas Groups Warn

Energy trade associations say the U.S. Environmental Protection Agency’s recent proposal for stricter air quality standards is premature and current standards have not been fully implemented.

Caryn Livingston
Thu, 03/19/2015 - 08:35

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