Shipping

While crude oil from North Dakota moves increasingly by rail, Gov. Jack Dalrymple on Thursday told a federal transportation panel field hearing in Bismarck that his state is suffering from inadequate rail service for its multi-billion-dollar agricultural industry.

The first oilsands project with longer term commercial possibilities in Utah has gotten approval to move forward from a citizen appeal board for the state Division of Oil, Gas and Mining (DOGM). It’s backers say it is the first commercial-scale oilsands project in the United States.

Malaysian national oil company Petronas has increased to approximately C$6 billion its bid for Progress Energy Resources Corp. in a deal that would create a company that would deliver Canadian natural gas to world markets, Progress said. The amended offer was made in an effort to block an unsolicited proposal from another company.

Malaysian national oil company Petronas plans to combine its liquefied natural gas (LNG) expertise with the unconventional resources abilities of Calgary-based Progress Energy Resources Corp. by acquiring Progress in a deal worth C$5.5 billion including debt. The combined enterprise would deliver Canadian natural gas to world markets.

Encana Corp.’s long awaited Deep Panuke project, 155 miles southeast of Halifax on the Nova Scotian Shelf, will begin shipping its first natural gas by the end of March, according to company officials.

Encana Corp.’s long awaited Deep Panuke project, 155 miles southeast of Halifax on the Nova Scotian Shelf, will begin shipping its first natural gas by the end of March, officials said last week.

With oil production from domestic shale plays growing, a Royal Dutch Shell plc subsidiary is considering a plan to reverse flows on its Houma-to-Houston (Ho-Ho) system, which now runs from Houma, LA, to oil processing facilities east of Houston. Reversing the 22-inch diameter pipeline would enable more than 300,000 b/d of crude to be distributed across the Gulf Coast region, the company said.

Atlantic LNG will begin shipping its third liquefied natural gas (LNG) production train from Trinidad and Tobago in the next few days, according to BP plc, one of the company’s stakeholders. With the latest shipment, Trinidad and Tobago will become the fifth largest LNG market in the world.

Atlantic LNG will begin shipping its third liquefied natural gas (LNG) production train from Trinidad and Tobago in the next few days, according to BP plc, one of the company’s stakeholders. With the latest shipment, Trinidad and Tobago will become the fifth largest LNG market source in the world.