(Reuters) - Energy logistics provider Sunoco Logistics Partners LP announced a new pipeline to increase flow of crude oil from west Texas to Gulf Coast markets. The Wichita Falls-to-Nederland Permian Express pipeline will have a capacity of about 150,000 barrels per day (bpd), and will be expandable to about 350,000 bpd, Sunoco said. The first phase of the project, with an initial capacity of 90,000 bpd, is expected to start operations within six to nine months. It will likely reach full capacity within 12 to 18 months, the company said. ...
Energy logistics provider Sunoco Logistics Partners LP announced a new pipeline to increase flow of crude oil from west Texas to Gulf Coast markets. The Wichita Falls-to-Nederland Permian Express pipeline ...
By Ron Hiram:Energy Transfer Partners, L.P. (ETP) recently reported its results of operations for 1Q 2014. This article analyses some of the key facts and trends revealed by this and prior ETP reports, evaluates the sustainability of ETP's Distributable Cash Flow ("DCF") and assesses whether ETP is financing its distributions via issuance of new units or debt.
Sunoco Logistics Partners L.P. (SXL) – a master limited partnership (MLP) − announced significantly weaker-than-expected first quarter 2010 results, hurt by lower refined products volumes due to the permanent shutdown of a refinery as well as refinery maintenance. Earnings were also pulled down by a significant fall in crude oil pipeline operating income.
When a train laden with crude oil rolled into the sleepy town of Stroud, Oklahoma, one night this August, global oil markets reacted immediately.
The unexpected arrival of some 70,000 barrels of crude — a pittance in global terms — caused the premium of international benchmark Brent oil futures to its U.S. counterpart to widen by a dollar in an hour.
CALGARY, Alberta — Spot crude-by-rail volumes are down in Canada as traders and marketers including Glencore PLC are deterred by stronger heavy oil prices that have erased arbitrage opportunities to ship cheap crude from landlocked Alberta to higher-priced U.S. markets, industry sources said.
Since early August, heavy Canadian crude’s discount to U.S. futures has narrowed to about half of what it was last year, barely covering rail shipping costs, mainly due to extra demand to fill Enbridge Inc’s new pipeline to flow the Canadian glut to U.S. Gulf Coast refining hub.
Midstream oil company TORQ Transloading Inc said on Wednesday it plans to build a $100 million crude-by-rail terminal in Kerrobert, Saskatchewan, that will be able to load 168,000 barrels per day of oil.
It is the latest, and largest, in a recent rush of Western Canadian crude-by-rail projects as producers seek alternatives to congested pipelines to transport their crude to U.S. refining markets.
Dividend Growth Newsletter portfolio holding Energy Transfer Partners (ETP) posted solid first-quarter results as the firm continues to benefit from several acquisitions completed in 2012. Adjusted EBITDA more than doubled compared to the same period of 2012, to $956 million, and distributable cash flow increased 77% year-over-year to $622 million.