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Enbridge to invest $6.2B in pipeline expansions for light oil from North Dakota and Canada

Green Car Congress

billion program of pipeline expansions to carry an additional 400,000 barrels per day (bpd) of light oil from North Dakota and western Canada to refinery markets in Ontario, Quebec and the US Midwest. Specifics include: North Dakota System Expansion and Extension. Enbridge Inc. will proceed with a $6.2-billion

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$67 Oil Has All The Majors Converging in Argentina

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Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices. by Nick Cunningham of Oilprice.com.

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Opinion: The Current Oil Price Rally Is Reaching Its Limits

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Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. US oil production has steadily lost ground over the past two quarters, with production falling more than a half million barrels per day since hitting a peak at nearly 9.7 That has sparked a renewed sense of optimism among oil traders.

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Marathon to serve as anchor shipper for Bakken Sandpiper Project pipeline

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of the construction of the Sandpiper Project, which will become part of Enbridge Energy Partners’ North Dakota System when it is completed. Sandpiper is targeted to be operational in early 2016. Marathon Petroleum Corporation is the US’ fourth-largest refiner, with a crude oil refining capacity of approximately 1.7

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Grassley-Conrad bill would extend ethanol tax credits through 2016

Green Car Congress

US Senators Chuck Grassley (R-Iowa) and Kent Conrad (D-North Dakota) introduced a bill—the Domestic Energy Promotion Act of 2011— that would extend, through 2016, at descending levels, the volumetric ethanol excise tax credit, or VEETC, which is also known as the blenders’ credit.

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US demand for petroleum, gasoline rose in January; highest January deliveries since 2008

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Crude oil production decreased 1.4% However, North Dakota year over year production continued to decline for the fifth consecutive month from record high levels. However, North Dakota year over year production continued to decline for the fifth consecutive month from record high levels. At nearly 3.6

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Marathon acquires additional Eagle Ford Shale assets for $3.5B

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Marathon Oil Corporation has reached a definitive agreement with Hilcorp Resources Holdings, LP to purchase its assets in the core of the Eagle Ford shale formation in Texas in a transaction valued at $3.5 Production expected to increase to approximately 80,000 net boe per day by 2016. —Clarence P. Cazalot Jr.,

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