TransCanada

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  Long viewed as a more expensive short-term solution to pipelines, it appears transporting crude oil via rail is likely to continue in conjunction with pipeline infrastructure. As North American oil production crept steadily higher over the past several years, the output surge overwhelmed existing pipelines and producers turned to railroads to move their product.… Keep reading →

Northern Lights Glow Over Alaskan Pipeline

Alaska and the oil companies developing the Prudhoe Bay and Point Thompson resources located on the remote North Slope are sitting on a lot of gas that can be used by Alaskan consumers and exported if the stakeholders can work through a maze of financial and technical considerations. With a cost estimated between $45 and… Keep reading →

Oil Prices Rise As BP Shuts Pipeline

Project partners and the State of Alaska filed a permit application with FERC on Friday to export an estimated 35 trillion cubic feet of natural gas reserves from Alaska’s North Slope. The mammoth project could cost between $45 billion and $65 billion and would involve constructing an 800-mile pipeline in addition to gas processing, liquefaction… Keep reading →

Oil Prices Rise As BP Shuts Pipeline

Alaska Governor’s latest plans to advance Alaska’s long-sought natural gas pipeline calls for state ownership share in the state’s LNG export project. On January 10, 2014, Alaska Governor Sean Parnell announced a proposal to establish state equity partnership in the Alaska Liquefied Natural Gas (LNG) project. To this end, the state will terminate its 2008… Keep reading →

Senators Hold News Conference To Urge Obama To Approve Keystone Pipeline

Canadian government negations with energy industry representatives regarding a carbon emissions mitigation strategy have reportedly been underway for the past two years with little to show for the effort. A climate plan could improve the Keystone XL pipeline’s chances of being approved by the US government.  [Reuters] The boom and bust cycle that characterizes PTC-dependent… Keep reading →

Temperatures Plunge In Moscow

Russian gas independent Novatek and Gazprom oil-producing arm Gazpromneft have agreed to a $2.94bln deal to buy Italian Eni‘s stake in SeverEnergia, which is expected to produce 36 billion cubic meters of gas and liquids by 2017, equivalent to two-thirds of Novatek’s production, according to Reuters. A joint venture of Eni and Italian Enel has a 49% stake in SeverEnergia, of which Eni controls 60%. Investment… Keep reading →

House Energy And Commerce Cmte Holds Hearing On Keystone XL Pipeline Project

Massachusetts Senator Edward Markey has made a rather odd request of TransCanada: that it seek to influence the marketing operations of refiners that buy Canadian crude oil shipped through the Keystone XL pipeline. Senator Markey wrote a letter to TransCanada chief executive Russ Girling yesterday requesting that the company require buyers of oil that would… Keep reading →

OPAL Pipeline To Connect To Baltic Sea

ExxonMobil is famously tight-lipped and conservative, and its quarterly earnings calls rarely produce much in the way of stunning news or salacious gossip. But the company’s discussions of ongoing operations at important projects – such as massive oil sands investments, Russian gas export facilities and Alaskan infrastructure targets – touch on some of the trickiest and… Keep reading →

Oil Boom Shifts The Landscape Of Rural North Dakota

TransCanada’s CEO Russ Girling says they are not giving up on the Keystone XL Pipeline project and neither are producers seeking to ship their product through the line. The economic rationale of transporting oil via pipe rather than rail underpins the project and Girling is confident “the oil market transcends politics.” [The Hill] Eike Batista’s… Keep reading →

Exxon Valdez Oil Disaster 15 Years Later

The Alaska LNG project team has selected Nikiski as the lead site for the proposed liquefaction plant and terminal. On October 7, 2013, ExxonMobil, BP, ConocoPhillips, and TransCanada, announced the selection of Nikiski on the Kenai Peninsula as a lead liquefaction plant and terminal site for the Alaska liquefied natural gas (LNG) export project. Prior… Keep reading →

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