Keystone XL Operator TransCanada's Profit Rises 14 pct
Canadian pipeline operator TransCanada Corp reported a 14 percent rise in first-quarter profit on Friday, helped by booming use of its oil and natural gas pipelines in the United States. Canada's oil output hit a record last year…
Petrobras Approves 90% Stake Sale in NTS to Brookfield
Petrobras Board of Directors approved, in a meeting held yesterday, the sale of 90% of the shares in Nova Transportadora do Sudeste (NTS) to Brookfield Infrastructure Partners (BIP) and its affiliates…
Latin America Outages Help Relieve Global Glut
From Peru to Brazil, a rash of unplanned outages at ports and pipelines and necessary maintenance work at oilfields is taking a bite out of global production, unexpectedly curbing a historic supply glut.
Russia to Offer Last West Siberia Oilfield
Russia will sell its last large oilfield in West Siberia early next year, a Natural Resources Ministry official said, in an auction that could fetch as much as $1 billion. Denis Khramov, the first deputy minister…
California Lawmakers Scale Back Environmental Proposals
California lawmakers on Friday were poised to end their legislative session with dramatically scaled back ambitions for combating climate change and fixing the state's roads. Among the last bills…
U.S. Energy Security: Maritime Infrastructure Investment is a Key, says Moniz
The maritime industry was front and center yesterday in Washington, D.C., as “getting more oil on the water” was touted as one piece of the puzzle in ensuring future U.S. energy security, said U.S. Secretary of Energy Ernest Moniz. Sec.
Bulk Equipment is Delivered to Syzran Refinery
A reactor and a cold high-pressure separator is delivered to the site of Rosneft subsidiary Syzran Refinery for the constructed diesel hydro-treater. The unit is designed for the removal of sulphur and nitrogen compounds…
The U.S. Maritime Bunker Market: Opportunities Abound
The global shipping industry is no stranger to challenge or change. With responsibility for delivering 90% of global trade, it has had to continually demonstrate an ability to adapt. Now, with…
BridgeTex Gulf Coast Pipeline Commissioning Date Set
Magellan Midstream Partners subsidiary, BridgeTex Pipeline Company, says it plans to begin the commissioning of the BridgeTex Pipeline in the third quarter of 2014 to meet a significant need for…
Russian, German, Natural Gas Majors Put Heads Together
Gazprom inform that Amsterdam hosted the annual meetings of the Co-ordinating Committee for Strategic Cooperation and the Co-ordination Committee for Sci-Tech Collaboration between Russia's Gazprom and Germany's Gasunie.
Offshore Insights from OMSA's Ben Billings
Ben Billings serves as President & CEO of the Offshore Marine Service Association (OMSA), a nationwide trade association headquartered in New Orleans that represents more than 200 member companies.
What Will WRDA Legislation Bring?
On November 8, speaking at the Port of New Orleans, President Obama said “… corn and wheat is coming down from my home state of Illinois down the river, ending up here and then going all around the world.
Whitfield, Costello File Legislation to Strengthen Inland Waterways
Washington, D.C. - U.S. Representative Ed Whitfield (KY-01), Chairman of the Subcommittee on Energy and Power, with Representative Jerry Costello (D-IL-12), a senior member of the Transportation and Infrastructure Committee…
Horizon Applauds Introduction of Harbor Maintenance Tax Legislation
Charles G. (Chuck) Raymond, Chairman, President & CEO of Horizon Lines, Inc. expressed strong support for legislation introduced in the U.S. Senate that would exempt coastwise shipping of containerized…
