Eagle Industry News and Events

The U.S. oil infrastructure is the product of four decades of rising imports and falling domestic supply, according to Businessweek. As those trends have reversed over the last few years, America’s network of pipelines has failed to keep pace. Designed in part to ferry oil and refined gasoline from the coasts to the interior, those pipelines are now ill-equipped to handle the enormous amount of crude gushing from shale reserves in North Dakota and Texas. Which is why so much of that oil ends up trapped in the central Oklahoma town of Cushing, the primary crude oil storage hub for the U.S.

The Nebraska Department of Environmental Quality will conduct a series of information sessions in May, to discuss with the public the proposed Keystone XL pipeline route corridor information that has been submitted by TransCanada. The four meetings will be located along the proposed corridor area.

North American-based oil and gas professionals enjoyed a pay increase in 2011 -- average compensation increased to $99,175 in 2011 from $96,588 in 2010 or three percent, according to Rigzone's Compensation Tracker.

Integrity Management for Gas Transmission Pipelines: Safely Managing the Lifecycle of Pipelines workshop will be held June 5-7, 2012 in Houston, Texas. The workshop is brought to you by SGA and P-PIC. This workshop goes beyond understanding U.S. PHMSA IMP regulations and ASME B31.8S, Managing the Integrity of Gas Pipelines, and focuses on the future of IMP. Workshop instructors will provide an overview of IMP basics as well as regulatory requirements and processes. Instructors will then look spcifically at the impact of IMP regulations that are on the horizon. This workshop also includes an interactive discussion centered around learning from past history and looking beyond.

Spectra Energy cleared an environmental stumbling block in the expansion of its existing Texas Eastern Transmission and Algonquin Gas Transmission pipeline systems to deliver natural gas supplies to the New Jersey and New York area.

Rigzone reported that Halliburton Co. objects to BP PLC's proposed $7.8 billion settlement with individual plaintiffs for the oil giant's involvement in the Deepwater Horizon oil rig disaster, according to court documents filed Wednesday.

Yesterday, the Bureau of Ocean Energy Management (BOEM) held a technical workshop with industry operators to discuss BOEM’s heightened standards for offshore oil and gas exploration and development plans, share best practices and obtain industry feedback regarding the plan review process. The goals of the workshop were to promote operator compliance with BOEM’s heightened standards and to further increase the efficiency of BOEM’s plan review process. The workshop, which built on two other recent workshops held over the past year, attracted about 160 participants, representing more than 70 different companies.

The Canadian Oil and Gas Export Summit: Effective Strategies to Ensure Diversification of Canada's Oil & Gas Markets will be held May 30 – 31, 2012, at the Four Seasons Hotel in Vancouver, Canada. For this inaugural event, Insight Information has organized a two-day conference to bring together valuable topics that is impacting the Canadian Oil & Gas Sector today.

The third annual Developing Unconventional Oil Conference & Exhibition will be held May 14-16, 2012, in Denver, Colorado. The conference focuses on the geology, technology and economics of oil-resource plays. In the U.S., such plays as the Bakken have contributed to a remarkable growth in production and in proved reserves.

A federal agency has granted a rehearing for a proposed pipeline from Flaming Gorge Reservoir in Wyoming to Colorado’s Front Range. The Federal Energy Regulatory Commission announced Monday it will grant a rehearing for Aaron Million’s Wyco Power and Water Co., over the objections of environmental groups and Colorado Springs Utilities, according to the Pueblo Chieftain.