×

Oil and Gas Oil and Gas Storage

  • NEW YORK/ HOUSTON, Feb 24- Traders are turning the spigots to drain the priciest storage tanks holding U.S. crude stockpiles as strengthening markets make it unprofitable to store for future sale and cuts in global production open export opportunities. From Houston through Louisiana to floating storage in the Gulf of Mexico, traders are starting to ship crude...

  • DALLAS _ Energy Transfer Partners L.P. on Wednesday reported a loss of $458 million in its fourth quarter. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share. Three analysts surveyed by Zacks expected $5.71 billion.

  • *Offers made to selected buyers in Asia. SINGAPORE, Feb 16- Abu Dhabi National Oil Company has offered Murban crude to be loaded in April from its oil storage in South Korea, three trade sources said on Thursday. The rare offer was made to a pool of selected buyers in Asia and ADNOC did not specify what volume it planned to sell, they said.

  • Joey Mahmoud, executive vice president of Texas- based Energy Transfer Partners, said protesters have "assaulted numerous pipeline personnel," destroyed millions of dollars' worth of construction equipment and even fired a pistol at law enforcement during months of demonstrations against the 1,200- mile pipeline, which will carry North Dakota oil to an...

  • LONDON, Feb 10- Brent futures prices indicate the crude market is expected to move into a deficit with a significant draw down in stocks from the middle of the year. On Feb. 9, the structure of Brent futures prices provided around 37 cents per barrel to hold stocks between April and May and around 33 cents to hold stocks from May to June. But the spread from June to July is...

  • LONDON, Feb 10- Brent futures prices indicate the crude market is expected to move into a deficit with a significant draw down in stocks from the middle of the year. On Feb. 9, the structure of Brent futures prices provided around 37 cents per barrel to hold stocks between April and May and around 33 cents to hold stocks from May to June. But the spread from June to July is...

  • *says opened a proceeding at its public voting meeting on Thursday to determine feasibility of minimizing or eliminating the use of Southern California Gas Company's Aliso Canyon natural gas storage facility while still maintaining energy and electric reliability for the Los Angeles region. SoCalGas is owned by California energy company Sempra Energy...

  • *says Southern California Gas Co will pay $8.5 million, including funding for an independent health study, under a settlement with the SCAQMD resulting from the massive gas leak at the company's Aliso Canyon storage facility. *says the settlement specifies that of the $8.5 million, $1 million will be designated for a SCAQMD-sponsored health study; $5.65...

  • Jan 26- A small hole on a weld between two segments of a shallow four-inch pipe has been discovered on a pipeline that leaked some 200,000 liters of oil onto aboriginal land in Saskatchewan last week, provincial officials said on Thursday. They also said the roughly 2- kilometer- stretch of pipeline, which is owned by Tundra Energy Marketing Inc and feeds into the...

  • Jan 25- Southern California Gas Co said it withdrew natural gas from its Aliso Canyon storage facility for a second day in a row on Wednesday to support the reliability of the region's gas and electricity systems during a cold snap. SoCalGas has only limited access to fuel at Aliso Canyon following a massive methane leak from the facility, located in the Porter...

  • Jan 24- Plains All American Pipeline LP said it would buy a crude oil gathering system in the Permian Basin for about $1.22 billion, bolstering its presence in the top U.S. oil field. In a separate deal, Targa Resources Corp said it would buy Outrigger Energy's assets in the Delaware and Midland basins, two of the main portions of the Permian Basin, for up to $1.5...

  • Jan 24- Plains All American Pipeline LP said on Tuesday it bought a crude oil gathering system in the Permian Basin for about $1.2 billion. The company also entered into sales agreements of nearly $380 million, which include two pending transactions and the completion of a third in January. Plains All American said the crude oil gathering system is located in the...

  • The utility has limited access to fuel in its giant Aliso Canyon gas storage facility in Los Angeles following a massive methane leak there between October 2015- February 2016.. SoCalGas, a unit of California energy company Sempra energy, serves 21.6 million consumers in Southern California. California agencies said in a study looking at the Aliso Canyon...

  • Will oil prices continue their rise?

    The oil market looks set to rebalance earlier than expected as OPEC members cut production, according to a report from UBS.

  • BREGA, Libya, Jan 19- Guards and officials at major ports in Libya's eastern Oil Crescent say they are hoping foreign workers will soon return as they struggle to build on output gains with meagre resources. The lifting of a long blockade at the ports helped Libya's oil output to more than double to over 600,000 barrels per day. Recent and future gains threaten to...

  • LOS ANGELES, Jan 17- California regulators on Tuesday took a step toward reopening the Aliso Canyon natural gas storage facility after a major methane leak in 2015 forced the evacuation of thousands of nearby residents, but new injections will not be authorized until the public has the chance to weigh in. SoCalGas, a unit of California energy company Sempra...

  • Jan 17- California regulators said on Tuesday they were seeking public comment on a proposal that would significantly limit the amount of natural gas Southern California Gas can inject into its Aliso Canyon storage facility in Los Angeles, which leaked in 2015.. SoCalGas, a unit of California energy company Sempra Energy, shut the facility in October 2015...

  • Jan 17- California regulators said on Tuesday they were seeking public comment on a proposal that would significantly limit the amount of natural gas Southern California Gas can inject into its Aliso Canyon storage facility in Los Angeles, which leaked in 2015.. SoCalGas, a unit of California energy company Sempra Energy, shut the facility in October 2015...

  • Jan 17- The California Department of Conservation's Division of Oil, Gas and Geothermal Resources said on Tuesday it would conduct two public meetings on pressure limits for Southern California Gas' Aliso Canyon natural gas storage facility. SoCalGas shut the facility in October 2015 after a massive leak forced the evacuation of thousands in the Porter...

  • CALGARY, Alberta, Jan 17- Canada's main spy agency last year warned energy companies about an increasing risk of cyber espionage and attacks on pipelines, oil storage and shipment facilities and power transmission towers using homemade explosives, according to a classified document obtained by Reuters. The Canadian Security Intelligence Service warning...