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Analysis: TransCanada's East Coast oil pipeline to change trade dynamics
Reuters
TransCanada Corp's plan to build one of the world's longest oil pipelines has reverberations far beyond Canadian shores. The planned 2,700 mile pipeline, which will bring crude from Canada's energy capital of Alberta to refineries and ports on the East Coast, has the potential to upturn the dynamics of the North Atlantic oil trade squeezing out some imported crude to North America and revitalizing once-ailing refineries.
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Member Updates



21st Annual J. Garrie Murray MEMA Golf Classic — Aug. 26
MEMA
Waterville Country Club Sponsorship and player positions are still available! Click HERE to register!
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Oil sands rule gets hearing
Keep Me Current
An errant comma delayed the South Portland Planning Board from weighing in on a measure to keep so-called "tar sands" oil out of city ports, but it didn't stop four hours of testimony on how it should decide. Not since debate over whether dogs should be allowed on Willard Beach have so many South Portland residents spent so many hours debating a single topic before city leaders. In March, a record crowd of nearly 400 people packed the South Portland Community Center to decry through five hours the possibility of Portland Pipe Line Corp. importing diluted bitumen — called "oil sands" by industry officials and "tar sands" by its detractors — into its South Portland terminal from Montreal.
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MEMA Technical Education Center announces new HVAC professional certification program
MEMA
Beginning in September the state's newest HVAC program will lead students to three certifications in only three months time.
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Industry Headlines



Waterville bubbling over promise of natural gas energy
The Waterville Morning Sentinel
School superintendent Eric Haley remembers talking with other school officials two years ago about converting Waterville Junior High School's heating system from oil to propane. Then, all the excitement and discussion around natural gas began — and the prospect of natural gas coming to the city looked promising.
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LAST WEEK'S MOST POPULAR ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Testimony of Jamie Py: Opposing the Waterfront Protection Ordinance amending Ch. 27 (MEMA)
Energy prices waffle as crude, gas trend down (Oil & Gas Journal)
Iran's influence on the oil market and the fate of the US oil industry (By Stefanie Heerwig)
Maine Energy Marketers Association announces formation of ballot question committee to oppose so-called waterfront protection ordinance (MEMA)
Alwaleed warns of US shale danger to Saudi (Commodities)

Don't be left behind. Click here to see what else you missed.


US shale oil drillers earn greater returns than international oil majors
OilPrice.com
Due to rising prices in domestic oil in the U.S., those companies focused on high-margin shale oil drilling from Texas to North Dakota are far outperforming giant international oil majors this year. Gianna Bern, the founder of Brookshire Advisory and Research Inc., and a former crude oil trader with BP, has told Bloomberg that the boom in domestic prices "is bullish for U.S. shale development and benefits producers with a high U.S. production profile."
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EIA: US crude oil output to top imports in October
The Wall Street Journal
U.S. crude oil output will rise faster than previously expected and domestic production will surpass crude oil imports in October for the first time since February 1995, government forecasters said. Surging output from shale-oil fields will lift U.S. output by 14 percent this year, to 7.4 million barrels a day, the highest level since 1991. A further jump of 11.4 percent is expected in 2014, pushing output to 8.24 million barrels a day, the most since 1987, according to the Energy Information Administration.
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Safety Updates



Safety in the Oil Patch a top priority
The Dickenson Press
Safety is often a top priority for companies operating in the Bakken. From rig site work to chemical handling to the cumbersome logistical task of moving supplies and goods, oilfield-related businesses are quick to stress safety in order to keep their employees healthy and working and to keep costs down.
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Convenience Stores



Preparing to own your own convenient store business
Convenience Store Decisions
So you have aspirations to build your own convenience store chain? That's great, but as you move from an executive role into actual ownership, there are many more issues you will have to address, some you probably can't even conceive of at the moment.
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Legislative Updates



US DOT — Driver hours of service
PMAA
The U.S. Court of Appeals for the District of Columbia handed petroleum marketers a significant victory when it invalidated a provision in the new HOS regulations that required CDL drivers to take a 30-minute break within the first eight hours after coming on duty. The Court decision exempts short haul drivers from the 30-minute break provision. All other provisions in the new HOS regulations that went into effect on July 1, including the 24-hour restart provision and the one-hour daily driving maximum, remain in effect.
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MEMA Randoms
Colby Horton, Vice President of Publishing, 469.420.2601
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Brent Mangum, Content Editor, 469.420.2602  
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