• 4 minutes China goes against US natural gas
  • 12 minutes WTI @ 67.50, charts show $62.50 next
  • 15 minutes Saudi Fund Wants to Take Tesla Private?
  • 3 hours Downloadable 3D Printed Gun Designs, Yay or Nay?
  • 1 hour Peak Oil is Now!
  • 14 mins Rattling With Weapons: Iran Must Develop Military To Guard Against Other Powers
  • 2 hours Russians hacking vs U.S., Microsoft President: Russians Targeting All Political Sides
  • 9 hours VW Receives Massive Order Of 1,600 All-Electric Trucks
  • 3 hours Corporations Are Buying More Renewables Than Ever
  • 16 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 21 hours CO2 Emissions Hit 67-Year Low In USA, As Rest-Of-World Rises
  • 23 hours The EU Loses The Principles On Which It Was Built
  • 24 hours Film on Venezuela's staggering collapse
  • 20 hours Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 13 hours Batteries Could Be a Small Dotcom-Style Bubble
  • 23 hours Saudi PIF In Talks To Invest In Tesla Rival Lucid
Can U.S. Shale Stop A Global Oil Supply Crisis?

Can U.S. Shale Stop A Global Oil Supply Crisis?

U.S. shale is often overlooked…

Egypt Aims For Natural Gas Dominance In The Mediterranean

Egypt Aims For Natural Gas Dominance In The Mediterranean

Positioned on the Mediterranean Sea…

Plans for a New Pipeline to Rival Keystone XL

New technologies in shale oil drilling, and the Alberta oil sands means that there is a glut of oil in Canada and the northern US with very few transportation options. This has led to trade prices far lower than world crude prices, and therefore there is an eagerness to get this oil to the coast for refinement and shipping.

Following the rejection of approval and the general uncertainty surrounding the Keystone XL pipeline, two companies have now released plans to create a new pipeline which will move crude oil to the Gulf Coast.

The $2 billion pipe will run from Cushing, Oklahoma to Houston, Texas, and be developed as part of a collaboration between Enbridge Inc. of Alberta and Enterprise Products Partners LP. of Houston. Enbridge will also build a pipeline from Flanagan, Illinois to Cushing, where it would link in to existing pipelines and offer oil produced in the Bakken fields of North Dakota access to Gulf Coast refineries.

Enbridge and Enterprise already own a pipeline that runs from Houston to Cushing, but are now working to develop a new pipe to run parallel which will deliver about 850,000 barrels per day southwards from Cushing to the Gulf Coast.

Patrick D. Daniel, the CEO of Enbridge, said that “Enbridge’s Gulf Coast access projects give Bakken and western Canadian producers timely, economical and reliable options to deliver a variety of crudes to refinery hubs throughout the heart of North America and now as far as the Gulf Coast.”

By. Charles Kennedy of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News