Archive for the ‘oil’ Category

Prospect of new pipeline capacity in Louisiana rattles rail, barge operators

Louisiana could be the site of the next wave of pipeline expansions, which might be a boon for refiners there, but other midstream players could find themselves on the outside looking in, depending on the origin of the crude on the lines.

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Discussing the costs of disaster for offshore US oil : Regulation and Environment

In this week’s Oilgram News column, Regulation and Environment, Gary Gentile asks if the risks associated with ultra-deepwater oil production endeavors are properly disclosed to shareholders.

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An inroad for US crude export supporters on national security — maybe

The national security argument for lifting the US’ long-standing restrictions on oil exports appears to be making some headway.

Senator Bob Menendez, a New Jersey Democrat who in June had signed a letter to President Barack Obama saying unfettered US oil exports would harm American consumers, last week said he would support the “strategic export of American oil to allied countries struggling with supply because Iranian oil remains off the market.”

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A tip for Trump — tax Mexico for its gasoline and diesel imports from US

Disclaimer: This post in no way, shape or form is an endorsement for or against Donald Trump or any other presidential candidate, for that matter. Nor is it an endorsement of this made-up “wall tax.”

By now, you know the spiel. The Republican front-runner for US president, businessman Donald Trump, insists he is going to have a wall built on the US-Mexico border and he is going to make Mexico pay for it. But how? Here’s an idea for Mr. Trump – one of the first places to look is refined products.

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Oil pipeline threats add to pressure on Azerbaijan

Oil-rich Azerbaijan is being rattled by disruption and attacks on pipelines, highlighting its tough geopolitical position and adding to worries about falling oil prices.

Having been courted by previous US governments, international interest in Azerbaijan and fellow Caspian producer Kazakhstan has waned in recent years, not least because of the increase in US shale oil production. Azerbaijan’s oil production is, in any case, thought to have peaked.

But with 848,000 b/d of output last year, Azeri production still matters.

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US crude-by-barge industry faces rough waters in oil markets: Petrodollars

While pipelines and rail are often the transportation modes that spring to mind for moving oil in the US, there’s also a market for inland barges. In this week’s Oilgram News column, Petrodollars, Joshua Mann assesses how the market to move oil has shifted under pressure from crude prices.

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Q2 oil results show strength of US ‘super-shale’ for the price of a slice

If the round of second-quarter upstream conference calls showed anything, it was that operators have been humdingers in recent months: incredibly competitive, ruggedly hard-working and totally determined to match their operating costs to slipping oil prices, with a bit left over for profit.

And they have succeeded beyond their most extravagant forecasts. The cost of producing the once-perceived “high-priced” unconventional oil patch has now fallen, in some cases, to per-barrel breakeven prices pretty much on par with an extra-large delivered pizza with all the works, including tip.

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Oil is everywhere: naphtha in the Bible, and alkylate on Amazon

It might be the most interesting thing I’ve learned in 2.5 years of covering energy. Oh, sure, there’s plenty of drama every time the nation’s largest economy, California, goes into theatrics over gasoline supply. It’s still a marvel how a pipeline can keep gasoline and diesel separate with nothing more than a little tweak in pressure. And it seems like every time someone sneezes too loud, the price of gasoline in Chicago goes up by 5 cents.

Then someone dropped “mouse milk” on me.

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Oman exports more LNG in move with implications for oil

Over the past two years, Oman has quietly expanded the number of countries to which it exports LNG to well beyond those with which it has long-term supply contracts.

In a state that needs increasing gas volumes to fuel its oil and heavy industrial sectors, this raises far-reaching questions about energy strategy.

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Struggles to cut cost delay oil play production in Argentina: At the Wellhead

There are always myriad reasons why vast oil resources worldwide may not be produced, and in this week’s Oilgram News column, At the Wellhead, Charles Newbery digs into challenges facing the biggest shale play in Argentina, which could rival the prolific production of US plays if properly tapped.

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