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Oiltanking Partners, L.P. has announced expansion projects including construction of two crude oil pipelines in the Houston Ship Channel and 1 million barrels of new crude oil storage capacity at the Partnership's Houston terminaling facility.

Chevron Corp. expects to spend a record $32.7 billion on capital projects in 2012 as it continues to invest in massive oil and gas projects worldwide. The budget is 17% higher than the $28 billion spent last year, its highest level of spending ever.

Energy Spectrum Partners V LP is selling its interests in Velocity South Texas Gathering, LLC, a subsidiary of Velocity Midstream Partners, LLC, to Plains All American Pipeline, LP.

Despite aggressive demand-management policies announced in recent years, China’s oil use could easily reach levels comparable to today’s U.S. levels by 2040, according to a new energy study by the Baker Institute.

The natural gas "shale gale" that has dramatically transformed the outlook for U.S. energy supplies is also having profound economic impacts - creating jobs, reducing consumer costs of natural gas and electricity, stimulating economic growth and bolstering federal, state and local tax revenue, according to a new IHS Global Insight study.

Peter Voser, CEO of Royal Dutch Shell Plc, said it is weighing options for rising North American natural-gas output including exports and making liquid fuels.

Plains All American Pipeline, L.P. is converting an existing Oklahoma liquefied petroleum gas (LPG) pipeline into crude oil service.

An oil pipeline bypassing Turkey’s Bosphorus Strait would have little impact on shipping safety on the waterway because crude oil shipments constitute a small and declining percentage of total traffic, according to a new IHS Cambridge Energy Research Associates (IHS CERA) report.

Houston-based Southern Union Co. shareholders overwhelmingly approved the proposed merger with Dallas-based Energy Transfer Equity, L.P.

As part of its ongoing strategy to create shareholder value, ConocoPhillips will sell its interests in two U.S. pipeline companies for $2 billion. ConocoPhillips has agreements with a subsidiary of Caisse de dépôt et placement du Québec for its 16.55% interest in Colonial Pipeline Co. and Colonial Ventures LLC. In addition, ConocoPhillips has entered into agreements with Enbridge Holdings (Seaway) L.L.C., a subsidiary of Enbridge (U.S.) Inc., for its ownership interest in the Seaway Crude Pipeline Co.

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