News

The company said that it will build a 440-mile crude oil pipeline to connect its Plains Cushing, Okla. terminal to the Valero Memphis Refinery. The $900 million project, called the Diamond Pipeline, is expected to be complete in « late 2016, ». The company said that, during construction, the pipeline will support about 1,500 contract construction jobs in Oklahoma and Arkansas. Once complete, it will support 15 permanent jobs and « generate an estimated $11 million per year in taxes for ...

China National Petroleum Corp (CNPC) will establish a joint venture with Uzbekistan state oil company Uzbekneftegaz to build and operate Line D of the Central Asia-China Gas Pipeline in Uzbekistan. Upon operation of Line D, the Central Asia-China Gas Pipeline will be able to deliver 85 billion cubic meters of gas annually, making it the largest gas transmission system in Central Asia, CNPC said in a press release on its website. CNPC and Uzbekneftegaz also intended to build ...

The capacity of Iraqi Kurdistan’s independent oil pipeline will almost double to at least 200,000 barrels per day by the end of this month, helping the semi-autonomous region increase exports and revenue, industry sources and officials said. Oil revenues are a lifeline for the Kurdish Regional Government (KRG) in northern Iraq, whose peshmerga forces are being supported by U.S. air strikes in their battle against the radical Sunni militants of Islamic State. A joint venture of Anglo-Turkish company ...

Thailand’s government plans to liberalise the country’s gas pipeline business, which is monopolised by energy giant PTT Pcl, by the middle of 2015, energy policy makers said. State-controlled PTT will spin off the business by transferring the pipeline and related assets to a new entity, according to a statement from the National Energy Policy Council (NEPC), chaired by junta leader General Prayuth Chan-ocha. The liberalisation will give other companies access to the country’s gas pipelines and links to ...

Kinder Morgan Energy Partners has launched a binding open season to solicit commitments for the proposed $US1 billion Palmetto Project, which involves expanding the capacity of an existing pipeline and constructing a new pipeline to move gasoline, diesel, and ethanol from Louisiana, Mississippi, and South Carolina to sites in South Carolina, Georgia, and Florida. The approximately $US1 billion project has a design capacity of 167,000 bbl/d and will consist of a segment of expansion capacity that Palmetto would lease ...

Petrofac, the international oil & gas facilities service provider, has secured a contract with the BP-operated prestigious Shah Deniz 2 project to provide their maintenance build capabilities. The contract, valued at around

he European Commission said it had delayed indefinitely a decision on whether to allow Russia greater access to the Opal gas pipeline in northeastern Germany, even though its approval would improve the security of gas supply to Central Europe. Russian gas giant Gazprom’s access to the pipeline has been limited by an EU law that seeks to prevent energy suppliers from dominating infrastructure. But no one else has taken up the spare capacity, and Western analysts and Russian ...