Pipelines

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Pipeline Operator Enbridge’s Q3 Profit More Than Doubles on Steady Oil demand

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(Reuters) – Enbridge posted a more than twofold jump in its third-quarter profit on Friday, as the Canadian pipeline operator benefited from steady oil demand. Data from the U.S. Energy Information Administration showed that total U.S. oil consumption rose in July to the highest seasonal level since 2019. Demand for gasoline was also at the highest seasonal levels …

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Blackstone In Talks To Buy US Pipeline Stakes From EQT for $3.5 Billion, Sources Say

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(Reuters) – Private equity firm Blackstone is in advanced talks to acquire minority stakes in the interstate natural gas pipelines owned by EQT Corp for about $3.5 billion, people familiar with the matter said on Friday. If the talks are successful, the deal would help the natural gas producer slash the debt pile it accumulated …

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New Permian Oil Pipelines Unlikely to be Built, Say Top Operators

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By Arathy Somasekhar US shale producers continue to restrain production growth Companies such as Enbridge expand capacity on existing lines Deepwater oil export projects struggle to attract customers HOUSTON, Oct 24 (Reuters) – Top executives of two U.S. energy pipeline operators on Thursday ruled out building new crude oil lines to move volumes out of …

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Enterprise Products Not Considering New Permian Oil Pipeline, says Co-CEO

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U.S. energy pipeline operator Enterprise Products is not considering adding a new crude oil line out of the Permian shale field in West Texas, co-CEO Jim Teague said on Thursday. A wave of consolidation in the top U.S. shale field has concentrated output in the hands of companies that are promising to restrain output so …

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The Climate Scientist Who Leads Mexico Is Betting on Decades of Fossil Fuel

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Pipelines / By

A new natural gas pipeline could help reduce poverty in the underdeveloped Yucatan — but it poses a challenge to Sheinbaum’s push to cut emissions Under the crystalline waters off southeast Mexico, workers are laying a pipeline that President Claudia Sheinbaum is counting on to underpin an economic boom and lift millions from poverty. The $4.5 billion …

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ENERGY NORTH – Six Months On, What Has Canada’s Trans Mountain Pipeline Project Achieved and What’s Next?

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CALGARY — Nearly six months after its opening, the Trans Mountain pipeline expansion is boosting Canada’s energy sector as promised — but questions still linger about who will pay for the project’s massive cost overruns. By a variety of measures, the expensive and contentious pipeline project is bearing fruit as more Canadian oil reaches the …

ENERGY NORTH – Six Months On, What Has Canada’s Trans Mountain Pipeline Project Achieved and What’s Next? Read More »

Texas Natural-Gas Pipeline Eases Bottlenecks, Paves Way for Higher Shale Output

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A new pipeline carrying shale natural gas from west Texas toward export hubs on the U.S. Gulf Coast has eased constraints that crashed local prices this year, and will help pave the way for higher U.S. oil production, energy executives said. Pipeline companies largely quit adding new capacity following the pandemic, when shale production dried …

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US court Puts on Hold Permits for Kinder Morgan Unit to Build Tennessee Pipeline

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(Reuters) – A U.S. appeals court on Friday put on hold approvals and permits necessary to allow a Kinder Morgan  subsidiary to construct a 32-mile gas pipeline in Tennessee, at the urging of environmental groups. The proposed Cumberland Project, set to be constructed by Kinder Morgan’s Tennessee Gas Pipeline, could transport about 245,000 dekatherms per day …

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Enbridge to Build Pipelines to Service BP’s Kaskida Oil Hub

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Oct 3 (Reuters) – Enbridge  said on Thursday it would build and operate crude oil and natural gas pipelines in the U.S. Gulf of Mexico for the recently sanctioned Kaskida oil hub, operated by BP. The pipelines are expected to be operational by 2029 and would cost $700 million, the Canadian firm said. The crude oil …

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Permian Gas Starts Flowing on Matterhorn Pipeline in Texas

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Pipeline is moving about 0.3 bcf per day into Transco Permian has long struggled with not enough pipeline capacity Matterhorn Express Pipeline has begun transporting natural gas into Williams Cos.’s Transco pipeline, a long-awaited addition to midstream infrastructure serving the Permian Basin. Matterhorn is moving about 0.3 billion cubic feet per day into Transco, an established pipeline …

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