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Tag Archives: oil

EASEMENT FOR PIPELINE

The acting secretary of the army has directed the Corps of Engineers to proceed with the easement for construction of the Dakota Access Pipeline. In December, the Obama administration ordered a pause for an environmental study, but President Donald Trump moved soon after his swearing in to support the pipeline, along with the Keystone XL… read more

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OIL IMPACT

As many as a third of American oil-and-gas producers could tip toward bankruptcy and restructuring by mid-2017, according to Wolfe Research. Observers say crude oil may dip into the $20/barrel range soon.

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ENERGY OUTLOOK

Despite historic low prices for retail gas prices, demand should be flat in 2016, according to a report by the EIA. The report cites more fuel-efficient vehicles will offset a higher demand for driving that is being supported by a strong labor market and low pump prices.

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ENERGY PRICES

As U.S. oil fell to a new six-year low below $41 a barrel on Wednesday, an increasing number of analysts and traders are saying prepare for crude dipping into the $30s, and soon. Meanwhile,  GROWMARK Energy tells us the repairs to the Whiting refinery near Chicago could be a two-month fix impacting prices for the… read more

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EPA PROPOSED HUGE METHANE LIMITS

The Environmental Protection Agency released proposed standards Tuesday for reducing methane and other pollutants from oil and gas operations in the U.S.  The rules require extensive cutting of methane emissions, finding and repairing leaks at oil and gas wells and capturing natural gas emitted from hydraulic fracturing, USA Today reports.

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NEW REFINERY ONLINE

The Dakota Prairie refinery, the first oil refinery built in the U.S. since 1976, has begun producing diesel fuel in southwestern North Dakota, and is expected to begin sales of the product later this month.    

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TANK CAR RULES

U.S. and Canadian transportation regulators will issue tough new rules for railroads hauling crude oil and ethanol that require trains be equipped with faster-acting electronic brake systems. Tank cars will also need to be sturdier than current models, according to The Wall Street Journal report.

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SHELL TO BUY BRITISH NATURAL GAS PRODUCER

Royal Dutch Shell PLC has agreed to buy British gas producer BG Group PLC for $69.7 billion in cash and stock, the companies announced Wednesday. The move gives the oil giant Shell a greater stake in natural gas markets in the wake of tumbling oil prices.

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OIL STORAGE CRUNCH COULD LOWER CRUDE PRICES EVEN FURTHER

The U.S. is running out of places to stash its overflowing oil supplies, threatening to further drive down crude prices that rebounded in recent days. Supply – including oil produced in the U.S. and imported – has been outpacing U.S. refiners’ demand by about 1 million barrels a day on average since early January, according… read more

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TANKCAR SAFETY

In a string of recent oil train derailments – including the recent one near Galena – new and sturdier railroad tanker cars being built to carry a rising tide of crude oil across the continent have failed to prevent rupture. Check out the Wall Street Journal article for more.

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