New pipeline expected to have initial capacity of 120 MBOP Plains All American Pipeline (ticker: PAA) announced that it is conducting an open season for committed capacity on a proposed new crude oil pipeline from Cushing, Oklahoma to Longview, Texas, according to a company press release. The company said that the open season will offer a chance for shippers to
Oil rig counts down for 29th consecutive week The total number of rigs drilling for oil and gas in the United States rose for the first time in 28 weeks, according to the Baker Hughes (ticker: BHI) rig count for the week ended June 26, 2015. The U.S. total rig count rose to 859, up 2 rigs from last week.
Currently only four countries produce commercial amount of shale resources The shale revolution has unlocked tremendous natural resource potential in the United States and Canada, with other countries trying to take advantage of shale gas and tight oil. As recently as last year, only four countries in the world were producing commercial volumes of either shale gas or tight oil,
Oil split reduces pricy delays, company says, after disappointing first quarter Iraq’s decision to split crude oil export flows into lighter and heavier grades has removed logistical problems and allowed several producers to lift self-imposed output curbs, according to Lukoil (ticker: LKOH) Deputy President for E&P Ravil Maganov. Maganov told reporters that the move to split crude grades helped the
New Iranian Oil Volumes Could Hit the Market as Early as Oct. 2015 Chairman of global oil and gas consultancy FGE, Dr. Fereidun Fesharaki, in a conference call organized by Credit Suisse, said he believes that the basics of an agreement are already in place and that a deal could be announced in the first week of July. Dr. Fesharaki
Blackbird Energy Inc. (“Blackbird“) (TSX VENTURE:BBI) is pleased to announce that it has released its financial and operating results as at and for the three and nine months ended April 30, 2015. Blackbird’s unaudited condensed consolidated interim financial statements and management discussion and analysis for the quarter ended April 30, 2015 are available on SEDAR atwww.sedar.com and will also be
The coexistence of residential living and oil and gas operations has become an increasingly significant factor as the viability of hydrocarbon development has spread across the United States. Particularly in regard to shale drilling. Colorado, North Dakota and Wyoming have all enforced 500 foot buffer zones. Texas and Pennsylvania widely vary. Montana, however, has no buffer zone and its residents
New natural gas pipeline to Mexico expected to be in service by July 2017 Howard Midstream Energy Partners (HEP) announced today that it plans to develop the Nueva Era Pipeline, an approximately 200-mile, 30-inch natural gas pipeline connecting its existing Webb County Hub in Webb County, Texas to Escobedo, Nuevo Leon, Mexico, and the Mexican National Pipeline System in Monterrey,
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