HOUSTON, July 27 07/27/2017 By OGJ editors TransCanada Corp. has launched an open season to solicit additional binding commitments for transportation of crude oil on the Keystone pipeline system, including the 36-in. OD Keystone XL pipeline. TransCanada will take binding bids for transportation capacity until 12 p.m. MDT on Sept. 28. The Keystone system would... Read More

HOUSTON, July 27 07/27/2017 By OGJ editors Royal Dutch Shell PLC reported second-quarter earnings on a current cost of supplies basis, excluding identified items, of $3.6 billion, up from $1.05 billion in second-quarter 2016. For the first half, the supermajor recorded earnings of $7.36 billion, up from $2.6 billion in first-half 2016. “Shell’s strong results... Read More

WASHINGTON, DC, July 26 07/26/2017 By Nick Snow OGJ Washington Editor Anadarko Petroleum Corp. has restarted production at 30 of the more than 3,000 vertical wells in northeastern Colorado it took out of production for inspections in April after a 1-in. distribution line 200 ft from one of those wells exploded, destroying a nearby home... Read More

HOUSTON, July 25 07/25/2017 By Paula Dittrick OGJ Upstream Technology Editor The US and Brent crude oil price benchmarks both rose modestly on July 24 as market participants evaluated a statement from a committee meeting of major producers in St. Petersburg, Russia, regarding production-cut targets. The Organization of Petroleum Exporting Countries and some non-OPEC producers,... Read More

HOUSTON, Jan. 17 01/17/2017 By Matt Zborowski OGJ Assistant Editor       ExxonMobil Corp. has agreed to acquire companies primarily focused on New Mexico’s Delaware basin from the Bass family of Fort Worth in a deal that could total $6.6 billion. The companies, which include operating entity BOPCO LP, hold about 275,000 acres of leasehold and production of... Read More

HOUSTON, Oct. 4 10/04/2016 By Robert Brelsford OGJ Downstream Technology Editor       Chevron Corp. is planning to convert the existing 4,500-b/d hydrofluoric acid (HF) alkylation unit at its 53,000-b/d refinery in Salt Lake City, Utah, into the first-ever alkylation unit in the US based on ionic liquids (IL) alkylation technology. Chevron will convert the existing 4,500-b/d HF alkylation unit... Read More

WASHINGTON, DC, May 2  05/02/2016 By Nick Snow OGJ Washington Editor       The Colorado Supreme Court overturned statutes that ban hydraulic fracturing in two communities along the state’s populous Front Range because they conflict with state law that authorizes the technology’s use. The May 2 decision is final because it resolves a state matter and cannot be appealed to a... Read More

MARKET WATCH: Oil prices fall, hovering above $30/bbl HOUSTON, Jan. 26 01/26/2016 By Paula Dittrick OGJ Upstream Technology Editor       Light, sweet crude prices tumbled on the New York market Jan. 25 to settle above $30/bbl, giving up much of the gains from two previous trading sessions, and analysts blamed the price decline upon lingering concerns about an oversupplied world... Read More

The US House approved, by a 261-159 vote, a bill to repeal a 40-year ban on exporting domestically produced crude oil. Balloting ran largely along party lines as 235 Republicans supported HR 702 and 153 Democrats opposed it. The vote came days after the White House announced that the measure would be vetoed if it reached US... Read More

LOS ANGELES (AP) — Environmentalists Tuesday called on Gov. Jerry Brown to halt plans for months of hydraulic fracturing in the waters off Southern California, warning that it could lead to chemical pollution or an oil spill. State regulators this month approved nine permits for operator Thums Long Beach Co. for so-called fracking operations between August and December in... Read More