Newsreel

BENTEK's Crude Awakening: Shale Boom Hits Oil forecasts Canadian crude oil production to rise 55% by 2022, with growth coming from oil sands and unconventional shale production predominately in Western Canada.

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Inergy Midstream To Acquire COLT Crude Oil Logistics Hub

Inergy Midstream, L.P. plans to buy Rangeland Energy, LLC, owner and operator of the COLT crude oil rail terminal, storage, and pipeline facilities, for $425 million.

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Study Predicts 70 GW Of Fossil-Fired Capacity Retirements Next Four Years

ICF International’s Integrated Energy Outlook suggests that system operators must work with generators to coordinate more than 70 GW of fossil-fired capacity retirements and outages associated with 400 GW of new pollution control installations over the next four years.

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Shell Eying Sites For U.S. GTL Plant

Despite persistently low natural gas prices, Shell hopes to boost profits by converting natural gas into diesel and other fuels, press reports indicate. While many of its competitors want to exploit the low prices by exports to Asia or Europe, Shell said it wants to bring its expertise in gas-to-liquid fuels into the U.S. fuel market.

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Poll Finds Americans Split On Domestic Energy

A new poll finds Americans deeply divided on whether they believe the nation is on the right track regarding domestic energy policy. A plurality believes the government must lead the way in adopting domestic energy sources. Harris Interactive, a worldwide market research firm, conducted the poll among more than 1,000 adults that was commissioned by the Propane Education & Research Council.

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Summit Midstream Acquires ETC Canyon Pipeline

Summit Midstream Partners, LLC has entered into an agreement with La Grange Acquisition, L.P., a wholly owned subsidiary of Energy Transfer Partners, L.P., to acquire ETC Canyon Pipeline, LLC for $207 million.

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Marathon Buying BP’s Texas City Refinery

Marathon Petroleum Corp. will buy BP’s Texas City refinery, one of the largest and most complex in the U.S., in a deal that could reach $2.5 billion. The refinery was the scene in 2005 of a fatal fire and explosion.

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New Estimate Of Utica Shale Reserves

Government officials report the Utica Shale formation holds about 38 Tcf of recoverable natural gas. In its first assessment the U.S. Geological Survey said it estimates the formation holds about 940 million barrels of oil and 9 million barrels of natural gas liquids.

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New Cryogenic Processing Plant Planned In Oklahoma

Caballo Energy is building a cryogenic processing plant to serve expanding natural gas production in the liquids-rich Mississippi Lime and Cana Woodford Shale plays.

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Enbridge May Add Bakken Crude Pipeline Capacity

Enbridge is considering options to expand its crude pipeline capacity in the Bakken region in addition to company projects already proposed and under way, shippers said last month. According to Platts, shippers said Enbridge presented the potential options at a meeting in Denver Jan. 10.

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