In The News

Friday, 01/26/2018

January 24, 2018 – Financial Post

Canadian oil prices buckle after railway refuses to be 'swing shipper'

With new pipelines at least three years away, transportation capacity is so tight in Canada’s oil industry that every twitch in the system appears to be blowing out the discount

By: Claudia Cattaneo

World oil prices are recovering, but Western Canadian oil prices are falling back to depressed conditions, the result of transportation capacity so tight every twitch in the system appears to be blowing out the discount.…


Friday, 01/26/2018

January 5, 2018 – E&E News

Oil to the rescue in New England's blizzard

By: Peter Behr and Rod Kuckro

At 2:09 p.m. yesterday, as New England's grid operators strained to cope with a blizzard and wind blasts resulting from the "bomb cyclone," one of the region's major power plants, the Pilgrim Nuclear Power Station in Plymouth, Mass., suddenly shut down…

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Friday, 01/26/2018

December 29, 2017 – Reuters

Pipeline projects move ahead to tackle rising Texas shale output

By: Bryan Sims

HOUSTON (Reuters) - Several oil pipeline companies this month agreed to move ahead on multi-billion-dollar projects that would link Texas shale fields to Gulf Coast export hubs, offering new outlets for burgeoning output expected in 2018.

Crude production from two large Texas shale fields next year is expected to rise about 800,000 barrels per day, researcher East Daley Capital Advisors estimates. Most pipelines will not be finished...

Monday, 11/20/2017

November 20, 2017 – Wall Street Journal

Growing Gas Glut Threatens West Texas Oil Boom

Energy producers are running out of places to send all of their gas, possibly forcing them to cap wells, curtail drilling or set the gas aflame

By: Ryan Dezember and Alison Sider

Natural gas is gushing out of West Texas, a byproduct of frenzied drilling for oil. That is a problem for energy producers, who are running out of places to send it all.

Pipelines running from the region’s Permian Basin to the Gulf Coast’s chemical plants,...

Tuesday, 11/14/2017

November 10, 2017 – Bloomberg Markets

Some U.S. Oil Is a Bit Too Dirty and Costly for an Asian Buyer

By: Ann Koh

Some condensate from U.S. shale fields is too dirty to justify the ultra-light oil’s price in Asia compared with the supply from the Middle East, according to a South Korean joint venture of French major Total SA…

…The supplies are getting tainted when pumped through pipelines on their way to storage, said Rusty Braziel, president of consultancy RBN Energy. These pipes are also used to transport heavy crude, meaning that...