The aging pipeline, which Enbridge is replacing, carries oil from Alberta to U.S. Midwest refiners. The replacement will eventually allow Enbridge to double capacity to 760,000 bbl/d.
Record-high dry natural gas production in the Appalachian Basin was mainly due to the growth in pipeline takeaway capacity, according to the EIA.
Some 30 oil tankers remained moored off the Louisiana coast waiting to load or discharge cargoes, with the largest bottlenecks near Baton Rouge and Lake Charles.
Trophy, operated by an affiliate of Ameredev, is proposing to construct an approximately three-mile-long pipeline in the Permian Basin from a new origin located in Winkler County, Texas to its existing pipeline located in Lea County
Staff were working with shippers on Aug. 30 to resume operations of the Louisiana Offshore Oil Port (LOOP), the largest deepwater oil import and export terminal on the U.S. Gulf Coast, sources say.
The East Coast has been drawing down inventories all summer after demand for products in Europe began to rise, limiting imports.
Ida made landfall on Aug. 29 near Port Fourchon, the land base for the Louisiana Offshore Oil Port (LOOP), the largest privately-owned crude terminal in the U.S.
However, the “anti-pipe movement” in the U.S., which has derailed a number of oil and gas projects, could pose similar threats to new, large-scale CO₂ pipelines.
Austin, Texas-based WhiteWater Midstream acquired the 24-inch Gateway Pipeline from Sendero Midstream Partners for an undisclosed amount, according to a company release on Aug. 26.
After 10 consecutive weekly drawdowns, oil stocks at the Cushing, Oklahoma, delivery hub for U.S. crude futures rose by 70,000 barrels last week, the EIA said.