Pipelines

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Canada PM Carney Open to New Canada Oil Pipeline Tied to Carbon Capture

Mark Carney suggests building a new pipeline to ship more oil to foreign markets, tied to billions in green investments to reduce the industry’s environmental footprint. Summary by Bloomberg AI Alberta Premier Danielle Smith proposes a “grand bargain” that includes rapid approval of a new pipeline alongside large investments from Canadian oil sands companies into …

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Carney and Canadian Premiers Bid to Speed Up Major Projects, Cut US Reliance

(Reuters) – Prime Minister Mark Carney, seeking to reduce Canada’s economic ties to the United States, on Monday met the heads of the 10 provinces as part of a push to slash the time needed to approve mining and energy projects. It can take a decade or more for a mine or a pipeline to …

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Brookfield Eyes $3 Billion in Debt for Colonial Pipeline

By Aaron Weinman and Chunzi Xu Brookfield Asset Management Ltd. is lining up approximately $3 billion in debt financing to support its purchase of Colonial Enterprises, which operates the Colonial Pipeline in the US, according to people familiar with the matter. Morgan Stanley is leading the financing and a deal could emerge in the leveraged …

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Williams Working With Federal, State Regulators to Revive Pennsylvania-New York NatGas Pipes

(Reuters) – U.S. energy company Williams Cos said on Thursday it was working with federal and state regulators to revive two previously canceled natural gas pipelines from Pennsylvania to New York. The pipelines are the Northeast Supply Enhancement (NESE) from Pennsylvania to New Jersey and New York and the Constitution Pipeline from Pennsylvania to New …

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Saudi Aramco Seeks Investors in Jafurah Infrastructure Assets, Sources Say

(Reuters) – Saudi oil giant Aramco is seeking investors in infrastructure, including pipelines, for its $100 billion Jafurah gas project, two people familiar with the matter told Reuters. The Jafurah project is key to Saudi Aramco’s ambitions to become a major global player in natural gas and to boost its gas production capacity by 60% …

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Canadian Prime Minister Carney Says He’s Open to Changing Green Laws to Boost Energy Projects

Bloomberg Prime Minister Mark Carney will consider altering environmental regulations to facilitate investment in major projects in Canada, including oil and gas pipelines. Carney’s plan involves using domestic oil and gas production to displace imports, increasing exports, and playing a major role in nuclear and hydroelectricity, and possibly carbon capture and storage technology. Carney declined …

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Nord Stream 2 Agrees to Debt Restructuring Deal, Court Says

(Reuters) – A court in Switzerland said on Friday that Nord Stream 2, part of Russian gas company Gazprom, has reached a debt restructuring agreement with its creditors. The court had set a of May 9 for Switzerland-based Nord Stream 2 to both restructure its debts and pay back small-scale creditors. The court had said …

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Enbridge Beats Q1 Profit Estimates on Mainline and Gas Distribution Growth

(Reuters) – Enbridge surpassed market estimates for first-quarter profit on Friday, driven by higher earnings from its Mainline system and gas distribution unit, and said that U.S. tariffs were not expected to materially impact its current operations. Canada is the leading supplier of imported oil to the United States, delivering about 4 million barrels per …

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Putin and XI to Talk Energy, Discuss Power of Siberia 2 Gas Pipeline

(Reuters) – Russia’s Vladimir Putin and China’s Xi Jinping will discuss the “most sensitive” issues, including energy cooperation and a proposed Power of Siberia 2 gas pipeline to China, Kremlin aide Yuri Ushakov said on Tuesday. Xi will start an official four-day visit to Moscow on Wednesday and will be among a number of the …

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I Squared Eyes Majority Stake in Natgas Pipeline Matterhorn, Sources Say

I Squared Capital is in talks to acquire a majority stake in the Matterhorn Express natural gas pipeline, according to people familiar with the matter. The infrastructure-focused investment firm has been speaking with potential investors that would help fund the potential purchase, the people said. I Squared is buying its position from WhiteWater Midstream, they …

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