(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 ...
CALGARY — It takes, on average, about six days to barge 150,000 barrels of oil sands crude along inland waterways from north of St. Louis to the refining hub of St. James on the Louisiana Gulf Coast.
The route, including passage on the Mississippi River, is one being marketed by Jeffersonville, Ind.-based American Commercial Lines Inc. to oil sands companies hit hard by price discounts as an alternative path to the Gulf Coast refining corridor as major projects such as TransCanada Corp.’s Keystone XL have become mired in controversy and U.S. politics.
Enterprise Products Partners LP and Enbridge Inc. have completed an expansion of the Seaway pipeline that will increase the supply of crude oil from the U.S. Midwest to refineries along the Gulf Coast.
The 500-mile (805-kilometer) line running from Cushing, Oklahoma, to Freeport, Texas, has resumed full service after shutting Jan. 2 to complete the final connections necessary to expand the line’s capacity to 400,000 barrels a day from 150,000 barrels, the companies said.
“I’m very optimistic we will get the contractual support we will need and what I would hope is the pipeline goes all the way to Saint Joh.” – Russ Girling
Crude from Alberta’s oil sands sells at a 30% discount to its U.S. counterpart. TransCanada Corp. Chief Executive Officer Russ Girling plans to narrow that gap whether or not his Keystone XL pipeline to the Gulf of Mexico wins approval from the Obama administration.
The price of West Texas Intermediate has risen almost $10 a barrel since the start of September, and briefly bumped back above $100 a barrel this week. Here's why I think that development may not be as worrisome for the U.S. economy as it might sound.
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.