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Enterprise Products and Energy Transfer to form JV for crude oil pipeline from Cushing to Houston

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have agreed to form a 50/50 joint venture to design and construct a crude oil pipeline from Cushing, Oklahoma to Houston, Texas. These supplies are accumulating in Cushing, which lacks southbound pipeline capacity to the largest US crude oil market on the Gulf Coast with more than two million barrels per day of refining capacity.

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Canada-based Enbridge to acquire ConocoPhillips’s interest in Seaway Crude Pipeline System for US$1.15B; reversing to carry oil to Gulf Coast

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Enbridge and Enterprise agreed to reverse the direction of crude oil flows on the Seaway pipeline to enable it to transport oil from Cushing, Oklahoma to the US Gulf Coast. million barrels of crude oil tankage on the Texas Gulf Coast and four import docks at two locations. SCPS also includes 6.8 —Patrick D.

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DOE to award up to $12.4M to 11 projects focused on shale gas and enhanced oil recovery

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The US Department of Energy’s (DOE) Office of Fossil Energy (FE) has selected 11 research projects that will help find ways to extract more energy from unconventional oil and gas resources while reducing environmental risks for awards totalling $12.4 The selections include $10.3 The selections include $10.3

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Kinder Morgan to purchase El Paso for approximately $38B to form largest natural gas pipeline network and largest midstream energy enterprise in North America

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million barrels per day of gasoline, jet fuel, diesel, natural gas liquids and crude oil through more than 8,000 miles of pipelines. Carbon dioxide is used in enhanced oil recovery projects. Second largest oil producer in Texas, producing more than 50,000 barrels per day. billion cubic feet per day. and Washington state.

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Opinion: The Shale Delusion: Why The Party’s Over For US Tight Oil

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The party is over for tight oil. Despite brash statements by US producers and misleading analysis by Raymond James, low oil prices are killing tight oil companies. Reports this week from IEA and EIA paint a bleak picture for oil prices as the world production surplus continues. OPEC and US crude oil production.

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