Post Tagged with: "Gulf Coast"

Source: SEACOR

Galveston Company Enters Race to Supply IMO 2020 Fuels

From The Houston Chronicle


With a massive shift in the marine fuel market just months away from implementation, a Galveston fuel storage operator says it plans to operate a 50,000 barrel a day crude processing facility to meet new stricter …

Source: Keystone-XL

Court Affirms Alternative Keystone XL Oil Pipeline Route Through Nebraska

From Reuters


A court in Nebraska on Friday affirmed an alternative route through the Midwest state for TC Energy Corp’s Keystone XL oil pipeline in the latest chapter in the nearly 10-year legal fight over the Canada to Texas pipeline.…

U.S. Oil Sector Sets Another Record in Another Sign of Energy Independence

U.S. Oil Sector Sets Another Record in Another Sign of Energy Independence

From The Houston Chronicle


The U.S. energy sector broke another record last year as the shale boom sent natural gas and petroleum production soaring.

U.S. petroleum and natural gas production jumped by 16 percent and by 12 percent respectively in …

Cushing, Okla., is one of the United States oil facilities in the Keystone Pipeline System.

TransCanada’s 4,250-kilometre (2,640 mile) Keystone Pipeline System transports approximately 20 per cent of western Canadian crude oil exports to key refineries in the U.S. Midwest and Gulf Coast, where it is converted into fuel and other useful petroleum products.

U.S. Crude Stockpiles Fall, with Cushing Down for a Seventh Week – EIA

From Reuters


U.S. crude oil stockpiles fell more than expected last week with supplies at the Cushing, Oklahoma hub dropping for a seventh week, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday.

Crude inventories fell …

Lotus Midstream Mulls Reversing West Texas to Cushing Pipeline – Sources

Lotus Midstream Mulls Reversing West Texas to Cushing Pipeline – Sources

From Reuters


Pipeline operator Lotus Midstream LLC may reverse flows on a line now sending crude from West Texas to Cushing, Oklahoma, the main hub for pricing U.S. crude futures, three people familiar with the matter said on Tuesday, an …

August 20, 2019 - 6:01 am Closing Bell Story‎, Crude Oil News, Energy News, Midstream
U.S. Oil Firms Challenge Pipeline Surcharge for Steel Tariff: Filing

U.S. Oil Firms Challenge Pipeline Surcharge for Steel Tariff: Filing

From Reuters


Two U.S. shale producers have challenged an energy pipeline operator’s proposed surcharge for the Trump administration’s 25% tariff on imported steel, raising the stakes for pipeline builders facing higher construction costs.

The United States imposed tariffs on imported …

Source: Elevate Midstream Partners

Tailwater-Backed Elevate Midstream Enters into Eight Year Agreement with Sabine Oil and Gas

By Tyler Losier, Energy Reporter, Oil & Gas 360

Elevate Midstream Partners enters into eight year gathering and treating agreement with Sabine Oil and Gas
Elevate Midstream Partners LLC, a private company based out of Houston, has entered into an

Source: Cameron LNG Media Kit

LNG Takes up 7 Percent U.S. Gas Production in July

From The Houston Chronicle


U.S. LNG exports have expanded to the point they made up 7 percent of total U.S. natural gas production in July, the Energy Information Administration reported Monday.

Last month gas deliveries to LNG export facilities reached …

August 19, 2019 - 6:03 am Closing Bell Story‎, Energy News, LNG, Natural Gas News, Trade
New U.S. Pipelines Poised to Start Price War for Shale Shippers

New U.S. Pipelines Poised to Start Price War for Shale Shippers

From Reuters


The operators of two new pipelines in West Texas shale fields are offering discounted prices to attract shippers accustomed to high fees to move oil to export hubs, according to the pipeline companies and federal filings.

These bargain …

Oil Dives Nearly 5% to Seven-Month Low on Surprise U.S. Stock Build, Trade War

Oil Dives Nearly 5% to Seven-Month Low on Surprise U.S. Stock Build, Trade War

From Reuters


Oil prices tumbled more than 4.5% on Wednesday to a seven-month low, extending recent heavy losses following a surprise build in U.S. crude stockpiles and fears that demand will shrink due to Washington’s escalating trade war with Beijing.…

Black Bear Midstream Enters into Gas Gathering and Processing Agreement

Black Bear Midstream Enters into Gas Gathering and Processing Agreement

By Tyler Losier, Energy Reporter, Oil & Gas 360

Black Bear Midstream enters into seven-year agreement with undisclosed Cotton Valley producer
Black Bear Midstream, a portfolio company of Oaktree Capital Management (stock ticker: OAK), has entered into a seven-year gas

Enbridge to Keep Kentucky Gas Pipe Shut for at Least a Week After Blast

Enbridge to Keep Kentucky Gas Pipe Shut for at Least a Week After Blast

From Reuters


Canadian energy company Enbridge Inc said the section of its Texas Eastern pipeline in Kentucky that exploded on Thursday, killing one person, will remain shut through at least Aug. 12.

Enbridge said in a notice to customers Monday …

Source: Goodnight Midstream

Altus Midstream Acquires Stake in Shin Oak Pipeline

By Tyler Losier, Energy Reporter, Oil & Gas 360

Altus Midstream closes purchase of 33% equity stake in Enterprise-owned Shin Oak Pipeline
Altus Midstream (stock ticker: ALTM), a pure-play Permian-to-Gulf Coast midstream company, has closed a deal with Enterprise Products

Source: Lime Rock Resources

Buyer Revealed in Range’s $634 Million Appalachian Asset Sale

By Tyler Losier, Energy Reporter, Oil & Gas 360

Lime Rock Resources purchases 350,000 net surface acres of overriding royalty interests from Range Resources Corporation

Lime Rock Resources, the E&P arm of private equity firm Lime Rock Partners, has closed

Source: NOAA

Intensifying Storm Cut Half U.S. Gulf Coast Oil Output, Closes Coastal Refinery

From Reuters


An intensifying tropical storm in the U.S. Gulf of Mexico on Thursday cut more than half the region’s oil output, with energy companies evacuating staff from nearly 200 offshore facilities and a coastal refinery.

Oil firms shut more …

Source: Chevron Phillips

Chevron Phillips and Qatar Petroleum Team Up Again

By Tyler Losier, Energy Reporter, Oil & Gas 360

New $8 billion project would include 2,000 KTA ethylene cracker
Petrochemical company Chevron Phillips – equally owned by Chevron Corporation and Phillips 66 – has formed another joint venture with Qatar

Source: NOAA

Strengthening Storm Set to Hit Louisiana With a Foot of Rain

From Bloomberg


System could become a hurricane Friday and slam coast Saturday, one-third of Gulf oil output shut as firms evacuate workers

A gathering storm in the Gulf of Mexico that’s already flooding New Orleans could grow into a hurricane …

Source: Plains All American Pipeline, L.P.

It’s Open Season on the Western Corridor Pipeline System

Plains All American Announces Open Season on Western Corridor Pipeline System

Source: Bechtel

First Cargo Delivered from Corpus Christi LNG Facility

By Tyler Losier, Energy Reporter, Oil & Gas 360

Bechtel and Cheniere deliver seventh LNG train since 2015
Cheniere Energy’s Corpus Christi Liquefication export terminal, built by construction and project management company Bechtel, has delivered its first commissioning cargo from

Source: EIA

U.S. Gulf Coast Crude Oil Imports at Lowest Level Since 1986

Domestic production has reduced imports approximately 83% since peak
As of March of this year, the EIA estimates that the United States Gulf Coast imports approximately 1.8 million barrels of crude oil per day (BOPD), the lowest recorded rate since

Source: Magellan Midstream

Magellan Midstream Names New Board Member

By Tyler Losier, Energy Reporter, Oil & Gas 360

 
Chansoo Joung joins Tulsa, Oklahoma Company 
Magellan Midstream Partners, L.P. announced this morning that it has elected Chansoo Joung as an independent board member, effectively immediately.

Previously, Joung worked in

U.S. Gulf Coast Officially Becomes Net Crude Oil Exporter in Late 2018

U.S. Gulf Coast Officially Becomes Net Crude Oil Exporter in Late 2018

Increasing production and mismatch between crude oil type and refinery configuration allows for more of the increasing U.S. crude oil production to be exported
The Gulf Coast is the first region to export more crude oil than it imports since

‘Constant Surge of Oil’ Flows to Texas Coast for Export

‘Constant Surge of Oil’ Flows to Texas Coast for Export

Infrastructure build and industrial boom spark tensions, concerns with Texas coastline residents

From The Texas Tribune

PORT ARANSAS — Texas, home to the most prolific oilfield in the country, is at the epicenter of the frenzy. More than 80 plants, …

November 30, 2018 - 6:05 am Closing Bell Story‎, Energy News
Enterprise Mulls Advancing Permian NGL Pipeline Conversion to Crude

Enterprise Mulls Advancing Permian NGL Pipeline Conversion to Crude

From Reuters

 

NEW YORK (Reuters) – Enterprise Products Partners LP said on Wednesday it could convert one of its natural gas liquids (NGL) pipelines to crude oil out of the Permian basin as early as the second quarter of …

November 1, 2018 - 1:46 pm Closing Bell Story‎
Next-wave LNG race hits hurdles in U.S.-China trade war

Next-wave LNG race hits hurdles in U.S.-China trade war

From Reuters

The delay of a U.S. Gulf Coast liquefied natural gas (LNG) export project has crystallized fears that the U.S. trade battle with China is hampering efforts to line up buyers needed to move ahead with multi-billion-dollar builds.

The …

October 31, 2018 - 4:08 pm Closing Bell Story‎, LNG
Energy XXI Updates Merger

Energy XXI Updates Merger

Energy XXI Gulf Coast Provides Update on Merger With Affiliates of Cox Oil LLC

October 11, 2018 - 6:45 am Closing Bell Story‎, Press Releases
Enterprise and American Midstream to Optimize Gulf Coast Assets

Enterprise and American Midstream to Optimize Gulf Coast Assets

Enterprise and American Midstream to Optimize Gulf Coast Assets

August 23, 2018 - 7:30 am Closing Bell Story‎, Midstream, Press Releases
Oil Traders Try Crude-Pricing Alternatives

Oil Traders Try Crude-Pricing Alternatives

From Bloomberg

As Shale Boosts Exports, Some Push to Set Price on Coasts, but Oil Stored in Middle of America is Longtime Standard in Market

Rapid increases in U.S. oil output and exports over the past two years are forcing …

April 20, 2018 - 11:21 am Closing Bell Story‎, Commodity Pricing
Source: Cheniere Energy Corpus Christi LNG Rendering

Gulf Coast LNG Poised to Dominate Global Market

From the Houston Chronicle

The U.S. is soon expected to become a dominant player in the global market for liquefied natural gas as Gulf Coast companies build massive terminals to serve overseas markets and the federal government considers looser regulations …

February 15, 2018 - 3:12 pm Closing Bell Story‎, Energy News, LNG
Denbury Resources Plans $300 Million 2018 CapEx

Denbury Resources Plans $300 Million 2018 CapEx

Denbury Resources Inc. (ticker: DNR) released its preliminary year-end 2017 proved reserves, production and capital expenditures, along with its 2018 capital budget and estimated annual production.

Preliminary Q4 2017/annual production

Denbury’s production averaged 61,144 BOEPD (97% oil) during the fourth …