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TransCanada announces additional commitments to proposed Keystone XL system; the Houston Lateral and capacity expansion to 830,000 barrels per day

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TransCanada Corporation has received additional binding commitments in support of the proposed Keystone XL pipeline system—designed to bring Canadian oil sands crude to Gulf Coast refineries—following the successful conclusion of the Keystone Houston Lateral Open Season. million barrels per day.

Houston 210
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Opinion: The Shale Delusion: Why The Party’s Over For US Tight Oil

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The party is over for tight oil. Despite brash statements by US producers and misleading analysis by Raymond James, low oil prices are killing tight oil companies. Reports this week from IEA and EIA paint a bleak picture for oil prices as the world production surplus continues. OPEC and US crude oil production.

Oil 150
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Marathon Oil splitting in two

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The Board of Directors of Marathon Oil Corporation has approved moving forward with plans to spin off Marathon’s downstream business, creating two independent energy companies. Marathon Oil Corporation (MRO) will be a global upstream company based in Houston, Texas. Strengthened ability to attract and retain talent.

Oil 210
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DOE to award up to $12.4M to 11 projects focused on shale gas and enhanced oil recovery

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The US Department of Energy’s (DOE) Office of Fossil Energy (FE) has selected 11 research projects that will help find ways to extract more energy from unconventional oil and gas resources while reducing environmental risks for awards totalling $12.4 The selections include $10.3 The selections include $10.3

Oil 225
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New Carl Zeiss Workstation Enables Nanoscale Analysis of Hydrocarbon Deposits in Shale Rock

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Houston-based Ingrain , a provider of digital rock physics services to oil and gas companies worldwide, is now using a Carl Zeiss SMT AURIGA CrossBeam workstation to improve the analysis of shale rock’s porosity and permeability in order to more accurately predict the shale’s suitability for the commercial extraction of oil or gas.

Oil-Sands 186
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Kinder Morgan to purchase El Paso for approximately $38B to form largest natural gas pipeline network and largest midstream energy enterprise in North America

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million barrels per day of gasoline, jet fuel, diesel, natural gas liquids and crude oil through more than 8,000 miles of pipelines. Carbon dioxide is used in enhanced oil recovery projects. Second largest oil producer in Texas, producing more than 50,000 barrels per day. billion cubic feet per day. and Washington state.

El Paso 225
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Enterprise Products and Energy Transfer to form JV for crude oil pipeline from Cushing to Houston

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have agreed to form a 50/50 joint venture to design and construct a crude oil pipeline from Cushing, Oklahoma to Houston, Texas. These supplies are accumulating in Cushing, which lacks southbound pipeline capacity to the largest US crude oil market on the Gulf Coast with more than two million barrels per day of refining capacity.

Houston 199