Oil & Gas Journal News

Magellan Midstream Partners LP and Plains All American Pipeline LP have formed Saddlehorn Pipeline Co., a 50-50 limited liability joint venture, to build, own, and operate the 550-mile Saddlehorn pipeline, shipping crude oil from the Denver-Julesburg basin, and potentially the broader Rocky Mountain area, to storage in Cushing, Okla.

Petroleos de Venezuela SA (PDVSA) is conducting both planned and unplanned maintenance work at three of its Venezuelan refineries.

Speculative details about regime change in Russia have emerged from an especially interesting source.

The US drilling rig count declined 43 units—down from losses of 48 last week and 98 the previous week—to settle at 1,267 rigs working during the week ended Feb. 27, according to data from Baker Hughes Inc.

The US crude oil renaissance has created strong demand for expanded US transportation systems, resulting in five primarily challenges, a recent Center for Strategic and International Studies report concluded.

Statoil ASA and partner Sinochem have submitted a plan of development (POD) for the $3.5-billion Peregrino Phase 2 project to Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels (ANP).

PetroChina is reportedly considering selling its half of Arrow Energy’s Queensland coal seam gas (CSG) resources.

Qatar Shell Ltd., a unit of Royal Dutch Shell PLC, has started a scheduled maintenance turnaround on one of two identical production trains at its Pearl gas-to-liquids (GTL) plant in Qatar’s Ras Laffan Industrial City.

Deirdre Michie has been named chief executive of Oil & Gas UK, replacing Malcolm Webb, who will retire May 31.

The contract for US light, sweet crude oil for April delivery plunged by more than $2.80/bbl on the New York market Feb. 26 as volatility sent crude prices on a steep decline toward their lowest level in nearly a month.

Power Engineering News

A coal-to-gas conversion project at a power plant operated by Mississippi Power is nearly complete.

Unit 1 of the North Anna nuclear power plant automatically tripped offline Feb. 26 as workers with Dominion (NYSE: D) were in the process of shutting the reactor down.

With wind energy production in full swing in Oklahoma, legislative leaders are looking to impose some new restrictions on the booming industry.

South Korea’s nuclear watchdog approved a plan to restart a 679-MW nuclear power unit that was shut down after reaching its 30-year lifespan.

SunEdison, Inc. (NYSE: SUNE) announced plans to bring electricity to 20 million people in underserved communities around the world.

The Henry Hub is the pricing point for natural gas futures contracts traded on the New York Mercantile Exchange (NYMEX).

GDF Suez says it received guarantees from Areva for planned nuclear reactors in Turkey and wind turbines in France.

Chicago Bridge & Iron (CB&I, NYSE: CBI) say they should not be liable for any of the $247 million in penalties that are due for delays at the Plant Vogtle nuclear project in Georgia.

Siemens (NYSE: SI) received an order to upgrade the instrumentation & controls (I&C) systems for two of six units at a 3,240-MW thermal power station in South Korea.

The Weekly Coal Production Report has been updated for the week ended February 21, 2015.