Officially

Industry Briefs

HollyFrontier Corp. and Holly Energy Partners LP are collaborating to construct a rail facility that will enable crude oil loading and unloading near HollyFrontier’s Artesia and/or Lovington, NM, refining facilities. The rail project, which will be connected to Holly Energy’s crude oil pipeline system in southeastern New Mexico, will have an initial capacity of up to 70,000 b/d and will enable access to a variety of crude oil types including West Texas Intermediate, West Texas Sour and Western Canadian Select. The project will provide additional crude oil takeaway options for producers as crude production in the region continues to grow, and an expanded set of crude oil sourcing options for HollyFrontier. Completion is expected by early 2014.

April 15, 2013

CSU Forecasters Expect More Tropical Storm Activity This Year

Forecasters at Colorado State University (CSU) expect the 2013 Atlantic hurricane season, which officially begins June 1, will have more activity than the median 1981-2010 season, with an estimated 18 named storms, including nine hurricanes, four of them major (Category 3 or higher) — significantly higher numbers than CSU predicted prior to the 2012 hurricane season (see Daily GPI, April 16, 2012).

April 11, 2013

No Timetable on New CEO, Says Acting Chesapeake Chief

Chesapeake Energy Corp.’s co-founder and CEO Aubrey McClendon officially stepped out of the batter’s box Monday, but there’s no permanent replacement and no timetable on when a successor will be named, said acting CEO Steven Dixon. However, operations are running “smoothly,” despite some constraints in the Utica Shale.

April 2, 2013

Industry Briefs

The 2012 Atlantic Hurricane season, which officially ended Friday, produced 19 named storms, including 10 hurricanes, one of them major (Category 3 or higher), continuing a decades-long high-activity era in the Atlantic Basin, according to the National Oceanic and Atmospheric Administration (NOAA). The number of named storms this year was well above the average of 12 and the number of hurricanes was above the average of six, but the number of major hurricanes was below the average of three, according to NOAA, which classified the 2012 hurricane seas as above normal. It was the second consecutive year that the mid-Atlantic and Northeast suffered devastating impacts from a named storm. In 2011 it was Hurricane Irene, which turned out the lights on millions of East Coast residents and in doing so cut demand for natural gas by about 2.8 Bcf; this year the region was hit by Hurricane Sandy, which struck the New Jersey coastline Oct. 30. But it was the seventh consecutive year that no major hurricanes hit the United States. The only major hurricane was Hurricane Michael, a Category 3 storm that stayed over the open Atlantic. Hurricane Isaac was the only storm to cause significant disruption to energy interests in the Gulf of Mexico.

December 3, 2012

NOAA: 2012 Hurricane Season Continued ‘High Activity Era’

The 2012 Atlantic Hurricane season, which officially ends Friday, produced 19 named storms, including 10 hurricanes, one of them major (Category 3 or higher). It continued a decades-long high-activity era in the Atlantic Basin, according to the National Oceanic and Atmospheric Administration (NOAA).

November 30, 2012

WSI: Hurricane Season Already Winding Down

The closing weeks of the 2012 Atlantic hurricane season, which officially runs until Nov. 30, will see what has been a busy tropical season winding down quickly, according to Weather Services International (WSI), which increased its forecast to 17 named storms, including nine hurricanes, two of them major (Category 3 or higher).

September 26, 2012

New Chesapeake Chairman to Take Reins This Week

Aubrey McClendon, who has run Chesapeake Energy Corp. and helmed the board of directors since he co-founded the company in 1989, officially will step down as chairman of the board at some point this week.

June 18, 2012

Alaska Officially Turns to LNG Solution for North Slope Gas

Last Wednesday market forces officially shifted Alaska’s effort to commercialize its North Slope gas from a Lower 48 pipeline project to an in-state pipeline with gas liquefaction and export capability to serve high-value Asian markets. Along the way to export, some of the gas would be diverted for use in state.

May 7, 2012

Alaska Officially Turns to LNG Solution for North Slope Gas

On Wednesday market forces officially shifted Alaska’s effort to commercialize its North Slope gas from a Lower 48 pipeline project to an in-state pipeline with gas liquefaction and export capability to serve high-value Asian markets. Along the way to export, some of the gas would be diverted for use in state.

May 4, 2012

AccuWeather.com Expects Near-Normal Hurricane Season

The 2012 Atlantic hurricane season, which officially begins June 1, will start out with a less conducive environment for tropical storms than the 2011 season, resulting in a near-normal number of named storms, according to AccuWeather.com forecasters.

April 27, 2012
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