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EIA: rising North Dakota oil production and demand spurs two new small refineries

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One of two new small (20,000 bbl/d each) refineries being built in North Dakota broke ground this week, the US Energy Information Administration (EIA) noted in a brief. The Dakota Prairie facility is scheduled to be built in 20 months. North Dakota currently has one refinery, the Tesoro Mandan refinery located near Bismarck.

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NDPC study finds Bakken crude similar to other light sweet crudes, no greater rail transport risk

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Bakken crude is similar to other North American light, sweet crudes and does not pose a greater risk to transport by rail than other transportation fuels, according to a study recently completed by Turner, Mason & Company for the North Dakota Petroleum Council (NDPC). —Kari Cutting, vice president of the NDPC.

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Record $86B in 2011 US oil and gas upstream deals, led by unconventional sector with $62B

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United States M&A activity for upstream oil and gas deals set records in 2011 for both deal values and deal counts, according to PLS, Inc., a provider of information, marketing and advisory services for the oil and gas industry. Values of US upstream M&A oil and gas M&A deals, 2006-2011. —Ronyld W.

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$67 Oil Has All The Majors Converging in Argentina

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But with the crash in prices since mid-2014, the effect of the regulation has reversed: motorists are now effectively subsidizing the oil industry. Prices for light oil are set at $67 per barrel and natural gas prices fixed at $7.50 The higher prices they pay offer a huge lifeline for the oil industry.

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DOE to award up to $137M for SuperTruck II, Vehicle Technology Office programs

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Demonstrate plug‐in electric vehicles through local showcases in key markets throughout major metropolitan areas in seven Midwest states: Ohio, Michigan, Indiana, Illinois, Wisconsin, Minnesota, and North Dakota. PPG Industries, Inc. Gas Technology Institute. Drive Oregon. Ohio State University. Description. Description.

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DOE awards $34M to 19 projects to advance clean hydrogen

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The US Department of Energy (DOE) awarded nearly $34 million to 19 industry- and university-led research projects that will advance technology solutions to make clean hydrogen a more available and affordable fuel for electricity generation, industrial decarbonization, and transportation. Earlier post.)

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Opinion: Busting The “Canadian Bakken” Myth

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The financial pages of Canadian newspapers have been full of headlines lately announcing the potential of two large shale oil fields in the Northwest Territories said to contain enough oil to rival the Bakken Formation of North Dakota and Montana. enthused the Financial Post. “NEB The project was approved by the NEB in 2010.

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