Pipeline builder Enbridge Inc. is investing nearly $4 billion in a new round of construction that will increase the flow of Canadian oil sands crude to the U.S. Gulf Coast.
Enbridge, Canada's largest transporter of crude, said Tuesday it will expand its Flanagan South Pipeline from Flanagan, Illinois to Cushing, Oklahoma to a 36-inch (.9-meter) diameter line with a capacity of 585,000 barrels per day.
As President Barack Obama pushes to fast-track an oil pipeline from Oklahoma south to the Gulf Coast, an American Indian tribe that calls the oil hub home worries the route might disrupt sacred sites holding the unmarked graves of their ancestors, The Associated Press reports.
TransCanada officials tell Bloomberg that the timetable for the southern portion of the Keystone XL pipeline, being given expedited treatment by President Obama, already is on track to start construction as early as June and so the new urgency will not speed things up.
Gallup discloses the latest poll on approval of the Keystone XL pipeline from Canada to Texas: 57 percent of Americans say they favor approval of the project, while 29 percent said they are opposed, The Hill reports.
Canadian proponents of TransCanada's Keystone XL pipeline applauded Barack Obama's directive on Thursday to expedite the approval process for the southern leg of the pipeline. They also urged the U.S. president to approve the northern leg.
Obama directed federal agencies to expedite a 485-mile (780-kilometer) line from Oklahoma to refineries on Texas' Gulf Coast that would remove a critical bottleneck in the U.S. oil transportation system, backing a segment of the larger Keystone XL project that he rejected earlier this year.
Backers of a proposal for a new Alaska pipeline to carry natural gas to the state's south coast to a new liquefaction plant hold out hope for a return to the state's boom times, the Financial Times reports.
An administration official tells USA Today that President Obama on Thursday will call for a fast-track construction of the southern portion of the Keystone XL pipeline, which unlike the northern portion that he blocked can go ahead without federal approval
A proposed natural gas pipeline opposed by groups in New York and New Jersey has won the endorsement of staff from the Federal Energy Regulatory Commission, which must decide on the $850 million project, The New York Times reports.
In a notice filed in the Federal Register Friday, the Environmental Protection Agency said it won’t decide until February whether to block work on Alaska’s Pebble Mine, giving itself more time to review the extensive public comments it has received, The Hill reports.
Environment and Public Works Committee chair Sen. Barbara Boxer, D-Calif., has weighed in on the negotiations over new chemical safety legislation, raising GOP hackles by making public a draft being worked on by ranking Republican Sen. David Vitter of Louisiana along with her critique of it and her own proposal, E&E reports.
Rob Merrifield, the man who’ll be Alberta's next envoy in Washington, told The Globe and Mail in an interview that an oil train disaster similar to the destructive derailment in Lac-Megantic would finally force U.S. officials into approving the Keystone XL pipeline.
Shares in TransCanada, the company behind Keystone XL, have increased 70 percent in the six years the project has been stalled – that’s one of the points Bloomberg Businessweek notes as it looks back over the history of the proposed pipeline.
Ahead of the summit next week in New York, more than 1,400 organizations have been planning for a People’s Climate March Sunday that will be the largest protest on the issue in history, to include the famous and the powerful like U.N. Secretary General Ban Ki-moon, Rolling Stone reports.
Preliminary reports blamed the radiation leak at the Waste Isolation Pilot Plant in New Mexico on a single ruptured barrel that came from Los Alamos National Laboratory, but Joe Franco, who manages the Department of Energy’s field office in Carlsbad, told a public meeting that there may have been a problem with plutonium contamination from a second container, Reuters reports.
Rising inventories and a dollar gaining on the expectations of an interest rate hike pressured oil prices Friday. West Texas Intermediate crude for October delivery fell 66 cents to $92.41 on the Nymex but ended the week slightly higher, while in London November Brent settled up 69 cents to $98.39, an increase of 1.3 percent on the week, Bloomberg reports.
German giant Siemens AG is likely to edge out rival bidder Sulzer of Switzerland to take over Texas oil equipment-maker Dresser-Rand, as it’s preparing a cash offer topping $6 billion, people familiar with the situation told The Wall Street Journal.
Ethanol assessments were at their lowest point in more than four years Thursday after an Energy Information Administration report indicating supplies hit an 18-month high of 18.8 million barrels the week ending Sept. 12, Platts reports.
The Scottish “no” vote on independence – which was welcomed by Royal Dutch Shell's CEO – lifts the burden of uncertainty from oil companies, leaving them clear to focus on how to get more out of declining North Sea oilfields, Platts reports.