Pembina planning a C$ 470 million spend for 2011
Pembina Pipeline Corporation is planning to spend approximately C$ 470 million in 2011, with the majority targeted at projects expected to provide new sources of cash flow by mid-year.
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Explosion shuts down Iraqi oil pipeline
The Beiji oil pipeline between Northern Iraq and Turkey, which exports up to 25% of the country’s crude exports has shut down due to an explosion.
Talisman selling 50% share in Montney Shale to Sasol
Talisman Energy Inc. is selling a 50% interest in its Cypress Assets in the Montney shale play to Sasol Limited (Sasol), for C$1.05 billion.
Ecopetrol to take control of Colombian pipeline
Ecopetrol has entered into an agreement to take over control of the Cano Limon-Covenas oil pipeline from Occidental de Colombia.
Energy companies turn to Russia as African/Middle Eastern unrest continues
Total agrees to buy stake in Novatek, while European refinery announces run cuts due to high prices.
NPRA urges EPA caution over proposed ozone standards change
Gregory Scott of the NPRA warns of the potential damages to America’s economy if changes are ratified.
Total UK appoints new pipeline managers
Total UK has appointed new managers for its 230 km petroleum pipeline which runs from Immingham, Lincolnshire to the Buncefield Fuel Depot in Hemel Hempstead and from Colnbrook to Heathrow Airport.
Egypt instability threatens the energy sector
Concerns for the energy sector in Egypt have been raised following a terrorist attack against a gas pipeline in the Sinai peninsula.
Libyan supply update
The IEA releases information regarding the reduced supply of crude from Libya and its effect on the wider oil market.
Further details emerge regarding proposed Australian LNG venture
LNG development project in Queensland gains momentum as other companies finalise deals.
GRTgaz entrusts Telvent to control the gas transmission system in France
Telvent to provide SCADA technology to GRTgaz to manage its European pipeline network.
PPG to lease property to Gastar for Marcellus Shale drilling
PPG Industries has announced that it has reached an agreement to lease property for development of Marcellus Shale natural gas resources at the company’s Natrium, W.Va., chemicals site.
TAP and Plinacro sign South East Europe MOUC
The Trans Adriatic Pipeline AG and Plinacro Ltd., a natural gas transmission system operator in Croatia, today announced the signing of a Memorandum of Understanding and Cooperation (MOUC) aimed at encouraging the development of natural gas markets in South East Europe (SEE).
The success of the Eagle Ford Shale
In less than three years of development, the Eagle Ford Shale already accounts for over 6% of the Gross Regional Product for the 24-county South Texas area it encompasses.
New study prompts ATP to call for access to Alaska OCS
API urges a considered political response to a new study documenting the economic potential of the Alaskan OCS resources.