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Oil and Gas Storage

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  • Ky. motor fuels tax rate to drop on New Year's Day Wednesday, 19 Nov 2014 | 11:15 AM ET

    LOUISVILLE, Ky.— Motorists will get a break at the pump when Kentucky's gas tax drops by 4.3 cents per gallon on New Year's Day, but the rate cut will impose a "crippling" revenue loss on the fund used to build and maintain roads, state transportation officials said Wednesday. The lower tax rate on sales of gasoline, diesel and ethanol fuels would cost the state Road Fund...

  • NYSE stocks posting largest percentage increases Monday, 17 Nov 2014 | 2:22 PM ET

    NEW YORK— A look at the 10 biggest percentage gainers on New York Stock Exchange at the close of trading:. Niska Gas Storage Partners LLC rose 14.0 percent to $5.20. EXterran Holdings Inc. rose 9.0 percent to $36.81.

  • Keystone XL work already completed in Oklahoma Sunday, 16 Nov 2014 | 12:02 PM ET

    The current debate in Congress is centered on the proposed northern leg, which would run from Hardesty in Alberta, Canada, through Montana and South Dakota to Steele City, Nebraska. The Gulf Coast segment of the project began carrying oil earlier this year from the northern Oklahoma town of Cushing to refineries in the Gulf Coast. "The Gulf Coast segment helps...

  • With energy boom, Philly becomes the new Houston Sunday, 16 Nov 2014 | 9:00 AM ET
    The Philadelphia Energy Solutions refinery in Philadelphia, Pennsylvania.

    Philadelphia is developing a new reputation as a nexus of oil and gas transportation, which bodes well for its economy.

  • LONDON/ PARIS, Nov 3- European equities retreated from a four-week high on Monday, with a survey showing sluggish euro zone factory growth hurting market sentiment and gas transport group Snam leading the utilities sector lower following a gas storage ruling. The European utilities index fell 1.7 percent, the top sectoral decliner, on an 11 percent drop in Snam...

  • HOUSTON, Oct 31- Tesoro Corp doesn't expect to add stabilizers that remove flammable natural gas liquids from crude in North Dakota's prolific Bakken shale, where the company is expanding its pipeline infrastructure, Chief Executive Officer Greg Goff said on Friday. North Dakota plans to issue new rules for the treatment of crude on Nov. 13 to address the...

  • HOUSTON, Oct 29- U.S. refiner Phillips 66 said on Wednesday its third-quarter net profit more than doubled to $1.14 billion as margins benefited from the North American onshore oil boom. Earnings per share after certain items were $2.02, up from $0.85 a share in the year earlier period. Although profits at the company's chemical, midstream, and marketing units...

  • Oct 28- Shell Midstream Partners LP, a master limited partnership formed by Royal Dutch Shell Plc, priced its enlarged initial public offering of 40 million units at $23 per unit, above its expected price range of $19- $21 per unit. Shell Midstream owns stakes in four onshore and offshore pipelines in Texas and Louisiana. This includes a 43 percent stake in a crude...

  • NEW YORK, Oct 14- Kinder Morgan Energy Partners, L.P. said it will add 2.1 million barrels of storage at its Pasadena and Galena Park terminals just outside Houston. The $210 million project- supported by long-term contracts with existing customers- will also include the construction of a new ship dock and other improvements at the Galena Park terminal that will...

  • NEW YORK, Oct 9- World oil prices are set to fall further, extending a months-long rout as Saudi Arabia is unlikely to make deep enough production cuts to erase a growing surplus of supply, according to Gary Ross, chief executive of PIRA Energy Group. Although there are faint signs of improving fundamentals in some physical crude oil markets, any uptick in prices...

  • TIOGA, N.D., Oct 1- North Dakota's oil producers will struggle to comply with aggressive rules taking effect on Wednesday designed to curb the wasteful burning of natural gas, hindered by lengthy federal reviews of crucial pipelines. Too few pipelines and a lack of plant capacity to prepare gas for transport means North Dakota flares enough natural gas in one...

  • WASHINGTON, Sept 29- U.S. federal regulators on Monday approved construction of Dominion Resources Inc's liquefied natural gas export project in Cove Point, Maryland. Cove Point is the fourth U.S.

  • Report: Energy firms' other kind of rigging—wages Saturday, 27 Sep 2014 | 9:46 AM ET

    Oil and gas firms are "routinely" underpaying their workers, according to an investigation from ProPublica.

  • *Hungary stops shipping gas to Ukraine, cites higher imports. BUDAPEST, Sept 26- Hungary has secured increased gas imports from Russia's Gazprom, Prime Minister Viktor Orban said on Friday, a day after Hungary's pipeline operator FGSZ stopped shipping gas to Ukraine.

  • BRUSSELS, Sept 25- European Energy Commissioner Guenther Oettinger said he aimed to propose an interim solution to the gas price row between Russia and Ukraine at talks he is brokering in Berlin on Friday. Russia cut off gas supplies to Ukraine in June because of a row over Ukraine's unpaid gas bill.

  • MILAN/ LUANDA, Sept 22- Angola's liquefied natural gas plant faces major reconstruction to fix design flaws and corrosion of nearly-new equipment, threatening to extend a lengthy closure and pushing unofficial estimates of the project's cost to at least $12 billion.

  • The Yamal plan, a $27 billion investment to tap vast natural gas reserves in northwest Siberia, aims to double Russia's stake in the fast-growing market for liquefied natural gas. Russia has said it will make sure Yamal has the resources it needs to keep building.

  • Sept 15- Chevron Corp said Monday a blast on a natural gas gathering pipeline into the Henry Hub supply hub in Louisiana on Saturday that killed one worker interrupted "minimal gas production." Chevron said workers were performing routine maintenance on a Chevron Midstream Pipeline gas gathering line in offshore Louisiana waters when the accident occurred.

  • GAZPROM SAYS GAS IS BEING DELIVERED ACCORDING TO AVAILABLE RESOURCES FOR EXPORTS AND FOR GAS STORAGE FACILITIES IN RUSSIA.

  • Oil producers in condensate-heavy shale crude plays like the Eagle Ford and the western Permian Basin in Texas also could fetch better condensate prices if exported, as U.S. refiners have limited demand for it.