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U. S. Shippers Want Role in Energy Exports
“Rigzone” reports that Don Marcus, the president of the International Organization of Masters, Mates and Pilots, urged congress to insure that American shippers participate in the benefits of LNG and crude exports. John Garamendi (D) and Duncan Hunter (R) introduced a bill in the House in July requiring the Department of Transportation promote the use… Read More
Delays Continue for Keystone XL Pipeline
TransCanada Corp. proposed the Keystone XL Pipeline which would carry oil from Western Canada’s oil sands area to U. S. Gulf Coast refineries. The project would traverse some 1,700 miles and original cost estimates were $5.4 billion. Since the pipeline would cross an international border, the project required approval by the U. S. State Department. … Read More
Dominion Group Signs Pipeline Deal
Dominion Resources will form a joint venture with its partners to build a $5 billion pipeline. The Partnership will be called Atlantic Coast Pipeline, LLC, and will be owned by Dominion (45%), Duke Energy Corp. (40%), Piedmont Natural Gas Co. (10%) and AGL Resources Inc. (5%). The partnership is proposing a 550 mile pipeline to… Read More
Kinder Morgan to Restructure
“Rigzone” reported yesterday that Kinder Morgan, Inc. plans to consolidate its Master Limited Partnerships (MLP’s) with Kinder Morgan Management, LLC, into a single C-corporation. The MLP’s, Kinder Morgan Energy Partners and El Paso Pipeline Partners LP, and the Management Company operate or own an interest in 80,000 miles of pipelines. The new combined entity will… Read More
ONEOK Commits to Reducing Flaring in the Bakken
The Bakken shale is one of the great domestic oil and gas success stories. Since the discovery of the Parshall Field in the play in 2007, the Bakken now produces more than 1 million barrels of oil per day. This dramatic increase in oil production propelled North Dakota to the number two oil producer in… Read More
