News: Plains All American Pipeline LP (PAA.N)

PAA.N on New York Stock Exchange

27 Apr 2015
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Thu, Apr 2 2015

Plains's Cactus pipeline startup to strengthen Midland differentials

NEW YORK - The start up of Plains All American Pipeline's 250,000 barrel-per-day Cactus Pipeline this week, moving crude from the Permian Basin to the U.S. Gulf Coast, will likely prop up Midland differentials, traders say.

UPDATE 1-Plains All American says has approval to export condensate

HOUSTON, Feb 5 - Pipeline company Plains All American LP has U.S. government approval to export minimally processed super-light oil, the latest company to confirm obtaining permission to find markets for condensate that has limited domestic demand.

UPDATE 1-Plains says crude on Texas, New Mexico pipeline getting too light

NEW YORK/HOUSTON, Jan 16 - Plains All American's told shippers on Friday that crude moving through its West Texas and New Mexico pipeline systems is surpassing pressure limits, according to a notice reviewed by Reuters.

Exporting condensate without approval may be acceptable: Plains CEO

HOUSTON - It may be acceptable to U.S. regulators for Plains All American Pipeline LP to export lightly processed condensate without explicit approval, though the company has not yet done so and has sought extensive legal advice on the issue, Chief Executive Greg Armstrong told analysts on Thursday.

REFILE-Plains All American buys Occidental's stake in pipeline firm

(Corrects first paragraph to "would pay" from "pay would")

UPDATE 2-Capline, biggest U.S. crude conduit, to study future options

(Adds data on size relative to U.S. imports of Canadian crude)

UPDATE 1-Marathon's 3rd qtr profit rises 75 pct on shale boost

HOUSTON, Oct 30 - Marathon Petroleum Corp. on Thursday posted third- quarter net income of $672 million, a 75 percent jump from the same period a year earlier, as cheap inland crudes from the shale revolution boost the profits of U.S. refiners.

Capline owners announce study of future operations

NEW YORK, Oct 30 - Marathon Petroleum Corp and other owners of the 1.2-million-barrel-a-day Capline crude oil pipeline, which runs from the U.S. Gulf Coast to Patoka, Illinois, said they would study options for it as supplies expand in North America.

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