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

Green Car Congress

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

Green Car Congress

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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Argonne analysis shows greenhouse gas emissions similar for shale, conventional oil

Green Car Congress

Shale oil production generates greenhouse gas emissions at levels similar to conventional crude oil production, according to a pair of new studies released by the US Department of Energy’s Argonne National Laboratory. These are shale formations with low permeability and must be hydraulically fractured to produce oil and gas.

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

Green Car Congress

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. We expect continued strong activity in oil and liquids-rich resource plays in 2012.

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$67 Oil Has All The Majors Converging in Argentina

Green Car Congress

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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PHMSA warns Bakken crude may be more flammable than traditional heavy crude; importance of proper classification for shipping

Green Car Congress

The US Pipeline and Hazardous Materials Safety Administration (PHMSA) issued a safety alert to notify the general public, emergency responders and shippers and carriers that recent derailments and resulting fires indicate that the type of crude oil being transported from the Bakken region may be more flammable than traditional heavy crude oil.

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US State Department Issues Permit for Alberta Clipper Pipeline for Oil Sands Crude Delivery to US

Green Car Congress

The US State Department has issued a Presidential Permit to Enbridge Energy, Limited Partnership to enable construction of the Alberta Clipper pipeline for the transport of crude oil from the Canadian oil sands to US refineries. This week, the RFA happened to issue two pieces, each touching on the impact of oil sands production.

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