Canada’s Trans Mountain Pipeline to Start up in Second Quarter
Trans Mountain Corp will begin line fill in February on its long-delayed Canadian oil pipeline expansion and expects it to be in service in the second quarter, a company executive said on Wednesday....
View ArticleIT’S OFFICIAL: Canada’s Trans Mountain Pipeline to Start Up in Second Quarter
Trans Mountain Corp will begin line fill in February on its long-delayed Canadian oil pipeline expansion and expects it to be in service in the second quarter, a company executive said on Wednesday....
View ArticlePipeline Giant Enbridge Plans to Cut 6% of Staff
Pipeline Giant Enbridge Plans to Cut 6% of Staff Bloomberg Enbridge Inc. plans to cut its workforce by about 6% as one of the world’s largest oil pipeline operators faces steep economic headwinds. The...
View ArticlePhillips 66 Shuts Section of Oklahoma Panhandle Pipeline After Fire
Reuters (Reuters) – Phillips 66 said it has shut a section of a natural gas pipeline it operates in the Oklahoma Panhandle after fire and rupture that occurred on Tuesday morning. The company said it...
View ArticleTrudeau Faces Daunting Path to Sale of Canada’s US$26 Billion Trans Mountain...
Plan to give Trans Mountain stake to Indigenous groups stalled Oil companies object to tolls; analysts question valuation Justin Trudeau has promised one of the largest government-led asset sales in...
View ArticleSweden Ends Nord Stream Sabotage Probe, Hands Evidence to Germany
Sweden ends Nord Stream sabotage probe, hands evidence to Germany Summary Sweden says no evidence its citizens involved in blasts Plans to hand information it has gathered over to Germany Russia says...
View ArticleNORD STREAM: What’s Known About the Mystery Pipeline Explosions?
STOCKHOLM, Feb 7 (Reuters) – Sweden announced on Wednesday that it had dropped its investigation into the explosions in 2022 on Nord Stream pipelines carrying Russian gas to Germany and had handed...
View ArticleEnbridge Appeals to Vacate an Order That Would Shut Down its Pipeline
MADISON, Wis. (AP) — An attorney for the energy company Enbridge tried to persuade a federal appellate court Thursday to vacate an order that would shut down part of a pipeline running through a...
View ArticleEnbridge Misses Fourth-Quarter Profit Estimates on Lower Mainline Tolls
(Reuters) – Pipeline operator Enbridge missed fourth-quarter profit estimates on Friday, hurt by lower tolls related to its Mainline crude pipeline system and a decrease in earnings from the company’s...
View ArticleOil Pipeline Owner Plains Searches for Deals as Shale M&A Heats Up
Pipeline operator Plains All American Pipeline LP is looking to make more deals as merger and acquisition activity heats up across the oil and gas industry. “We’re hopeful that we’ll be successful on...
View ArticleEnergy M&A Boom Is Just Getting Started, Enbridge CEO Ebel Says
The surge in energy industry mergers and acquisitions — marked by a series of megadeals among oil producers last year — is set to ramp up further in 2024 as interest rates decline, Enbridge Inc. Chief...
View ArticleOil Pipeline Owner Plains Searches for Deals as Shale M&A Heats Up
Pipeline operator Plains All American Pipeline LP is looking to make more deals as merger and acquisition activity heats up across the oil and gas industry. “We’re hopeful that we’ll be successful on...
View ArticleU.S. Appeals Court Rejects Renewed Challenge to Mountain Valley Pipeline
A federal appeals court has for the second time rejected a challenge by property owners to the Mountain Valley Pipeline’s use of eminent domain, finding that a federal law bars the case despite a...
View ArticleEnergy Transfer, Williams Trade Barbs as Gas Pipeline Spat Heats Up
ET executive calls anticompetitive claims ‘unfounded,’ ‘false’ Williams pushes back Louisiana project to 2025 amid dispute There’s no love lost between Energy Transfer LP and Williams Cos. The two...
View ArticlePipeline Operator TC Energy Beats Fourth-Quarter Profit Estimates
Reuters Feb 16 (Reuters) – Pipeline operator TC Energy beat fourth-quarter profit estimates on Friday, helped by high demand for liquefied natural gas (LNG). The U.S. was the world’s top LNG exporter...
View ArticlePipeline Owner DT Midstream Is Evaluating M&A Opportunities
The oil and gas industry is in “consolidation mode,” and pipeline company DT Midstream Inc. is positioning itself to take advantage of potential mergers and acquisitions, the company’s chief executive...
View ArticleTC Energy Open to Exceeding $3B Asset Divestiture Target This Year: CEO
CALGARY — TC Energy Corp. is open to selling off more than its previously announced target of $3 billion in assets this year, the company said Friday, and is currently engaging with multiple...
View ArticleEquitrans Delays WV-VA Mountain Valley Natgas Pipe Again, Boosts Cost
U.S. energy firm Equitrans Midstream delayed the completion date for its Mountain Valley natural gas pipeline from West Virginia to Virginia to the second quarter of 2024 from the previous estimate of...
View ArticleCanada’s Oil Boom Threatens to Bring Back Pipeline Shortages
Bloomberg News Canada’s oil producers are poised to pour about half a million barrels of new daily output — more than the total production of some Organization of Petroleum Exporting Countries (OPEC)...
View ArticleCanada’s Oil Boom Threatens to Bring Back Pipeline Shortages
Bloomberg News Canada’s oil producers are poised to pour about half a million barrels of new daily output — more than the total production of some Organization of Petroleum Exporting Countries (OPEC)...
View ArticleDenmark Drops Nord Stream Blast Probe Without Criminal Case
Decision follows similar move in Sweden earlier this month Authorities had concluded ‘deliberate sabotage’ took place Denmark gave up on an investigation into the explosions that in 2022 ruptured the...
View ArticleTC Energy to Sell Portland Natural Gas Transmission System for $1.14 Bln
Reuters March 4 (Reuters) – TC Energy said on Monday it has agreed to sell Portland Natural Gas Transmission System (PNGTS) to BlackRock for $1.14 billion as part of its ongoing efforts to reduce...
View ArticleEnbridge to Invest About $500 Million in Pipeline Assets
(Reuters) – Pipeline operator Enbridge said on Wednesday it will invest about $500 million in expanding its pipeline and storage assets to improve its U.S. Gulf Coast presence. Enbridge operates North...
View ArticleTC Energy Confirms Latest Round of Job Cuts; Unspecified Number of Employees...
CALGARY — TC Energy Corp. has cut an unspecified number of jobs, primarily in Calgary and Houston, the pipeline company confirmed Wednesday. A company spokesperson said in an emailed statement the...
View ArticleTC Energy’s Keystone Oil Pipeline Offline Due to Operational Issues
TC Energy’s Keystone oil pipeline is offline due to operational issues, cutting off a major conduit of Canadian oil to the United States, three industry sources said on Thursday. The 622,000...
View ArticleTC Energy’s Keystone Oil Pipeline Restarts After Going Offline
(Reuters) – TC Energy’s Keystone oil pipeline resumed service on Thursday after going offline and temporarily restricting a major conduit of Canadian oil to the United States, which sent oil prices...
View ArticleTC Energy Briefly Shut Keystone Oil Pipeline on Unfounded Leak Concern
(Reuters) – TC Energy temporarily shut down the Keystone oil pipeline on Thursday to investigate a South Dakota landowner’s report about a possible leak that proved unfounded, the Canadian company and...
View ArticleEQT to Acquire Mountain Valley Pipeline Owner for $5.5 Billion
Controversial project is due to be completed in second quarter Equitrans was spun out of EQT in 2018 after investor pressure US natural gas producer EQT Corp. agreed to buy back former unit Equitrans...
View ArticleThe AI Revolution Needs Chips, Software – and Gas Pipelines
Big metal tubes filled with flammable vapor aren’t an obvious element of the artificial intelligence vision. By Liam Denning Liam Denning is a Bloomberg Opinion columnist covering energy. A former...
View ArticleNord Stream Sues Insurers in London Over 2022 Pipeline Blasts
Reuters (Reuters) – Nord Stream is seeking more than 400 million euros ($436 million) from its insurers over explosions in 2022 which ruptured pipelines designed to transport Russian gas to Germany,...
View ArticleWilliams Companies Ruled Out Bid for Tellurian, Executive Says
HOUSTON, March 19 (Reuters) – Pipeline operator Williams Companies looked at acquiring struggling liquefied natural gas (LNG) developer Tellurian, but considered its export project not that...
View ArticleEnbridge Aims to Expand Gray Oak Oil Pipeline Capacity by 120,000 bpd
Energy pipeline operation Enbridge plans to expand capacity on its Gray Oak oil pipeline by 80,000 barrels per day (bpd) this year, an executive told Reuters on Tuesday. An additional 40,000 bpd...
View ArticleBP Oil Refinery in Indiana Resumes Normal Operations Weeks after Power...
WHITING, Ind. (AP) — BP’s sprawling oil refinery in northwest Indiana has resumed normal operations more than six weeks after a power outage prompted the energy giant to temporarily shut down the...
View ArticleCanada’s Trans Mountain Expansion Startup Date Hangs on Final 2.5-Km Leg
Last segment goes through hard rock in rugged B.C. terrain Bloomberg News The startup date for Canada’s mega oil pipeline should be known within weeks as Trans Mountain Corp. drills through hard rock...
View ArticleU.S. Pipeline Firms Poised to Follow Biggest Customers into M&A
U.S. energy pipeline and storage operators have spent two years watching the consolidation of oil and gas producers, and now they are gearing up for the merger wave to hit their sector, executives,...
View ArticleSummit Midstream Partners to Sell Utica Assets to MPLX for $625 Mln
(Reuters) – Pipeline operator Summit Midstream Partners said on Friday it would sell its Utica assets to a unit of midstream energy company MPLX LP for about $625 million in cash. The Marcellus and...
View ArticleWith Completion in Sight, What’s Next for Canada’s Trans Mountain Pipeline...
CALGARY — After more than four years of construction and at least $34 billion in costs, the Trans Mountain pipeline expansion project is nearly complete. Here’s a look at what milestones to expect in...
View ArticleIraq, Oil Firms Trade Blame Over Shut Turkey Pipeline
Summary Iraq-Turkey pipeline shut since March 2023 Baghdad: around 225,000 bpd being produced without its oversight APIKUR says terms of current contracts must be maintained US encourages restart,...
View ArticleEnbridge to Enter into JV Connecting Permian Basin Natural Gas Supply to...
CALGARY, AB, March 26, 2024 /CNW/ – Enbridge Inc. (“Enbridge”) (TSX: ENB) (NYSE: ENB) announced today that it has entered into a definitive agreement with WhiteWater/I Squared Capital (“WhiteWater/I...
View ArticlePhillips 66 Explores Sale of REX Interstate Pipeline Stake Worth Over $1...
U.S. oil refiner Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than $1 billion, including debt, people familiar with the matter said...
View ArticleCanadian Oil Flows to L.A. as Trans Mountain Pipeline Start Nears
Canadian crude shipments to Los Angeles are surging, a possible preview of how an expanded pipeline that’s nearing startup may redraw flows along the Pacific Coast. Three tankers carrying a total of...
View ArticleEnbridge Wins Approval to Commence Service on Louisiana Venice Natgas Pipe...
Canadian energy company Enbridge’s Texas Eastern Transmission subsidiary received approval on Thursday from U.S. energy regulators to commence service of a natural gas pipeline associated with its...
View ArticleUAE Flips Own Script with $4 Bln Oil Pipeline Deal
(Reuters Breakingviews) – Abu Dhabi is flipping the script. In recent years, the United Arab Emirates’ leading light has blazed a trail by offloading minority stakes in subsidiaries of the Abu Dhabi...
View ArticleEnergy Transfer Files for Regulator Review in Pipeline Spat
Firm wants FERC to verify developer Williams is in compliance Pipeline giant is in legal battle with several developers Bloomberg Energy Transfer LP is asking the Federal Energy Regulatory Commission...
View ArticleBiden Administration Says Enbridge Pipeline Shutdown Order Should be...
The Biden administration has urged a U.S. appeals court to tell a lower court to rethink its order that would require Canadian operator Enbridge to drain portions of an oil pipeline that runs through...
View ArticleBiden Administration Says Enbridge Pipeline Shutdown Order Should be...
The Biden administration has urged a U.S. appeals court to tell a lower court to rethink its order that would require Canadian operator Enbridge to drain portions of an oil pipeline that runs through...
View ArticlePipeline Share Sales Highest Since 2017 as Dividends Draw Buyers
Any deal right now would be well received: NBF’s Nowlan SS&C strategist sees gap between primary and secondary markets Bloomberg Dangling juicy dividends and ample liquidity at major institutional...
View ArticleCanada’s Trans Mountain Pipeline Expansion Could be Trouble for OPEC Member Iraq
Pipeline will almost triple shipments, bringing oilsands into direct competition with Iraq crude Bloomberg News Canada’s newest oil pipeline may spell trouble for a Middle Eastern country almost 7,000...
View ArticleKinder Morgan Meets Profit Estimates, Sees New Demand from AI Operations
(Reuters) – Pipeline and terminal operator Kinder Morgan on Wednesday reaffirmed its annual profit outlook and said it expects demand for natural gas to grow substantially between now and 2030. The...
View ArticleValero, Chevron Buy Oil Off Canada’s Expanded Trans Mountain Pipeline in West...
U.S. West Coast may become significant market for oil-sands crude Bloomberg News Valero Energy Corp. and Chevron Corp. are buying oil shipped through Canada’s newly expanded Trans Mountain Pipeline...
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