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Some of Colonial Pipeline’s owners are exploring divesting their stakes, hoping they can fetch prices that would value the largest U.S. fuel transportation system in excess of $10 billion, according to people familiar with the matter. Growing U.S. energy consumption has raised demand for pipeline capacity. Any deal would test the company’s value three years …
A U.S. appeals court on Monday handed Michigan’s attorney general a jurisdictional victory in her bid to force Enbridge to stop operating the Line 5 oil pipeline underneath the Straits of Mackinac in the Great Lakes by allowing her to pursue her case in state rather than federal court. The Cincinnati-based 6th U.S. Circuit Court of …
Michigan Attorney General’s Bid to Shut Down Enbridge Pipeline Sent Back to State Court Read More »
Phillips 66 reached a deal to sell its 25% interest in one of the largest US natural gas pipelines to the system’s majority owner, Tallgrass Energy LP, for about $1.3 billion. The sale of the Rockies Express Pipeline stake is part of Phillips 66’s push to divest more than $3 billion in assets, the Houston-based oil refiner …
Phillips 66 to Sell Pipeline Stake to Tallgrass for $1.3 Billion Read More »
Natural Gas Transmission Line Enters Service to Meet Public Demand and Promote the National Interest CANONSBURG, Pa.–(BUSINESS WIRE)–The Mountain Valley Pipeline (MVP) entered service today after satisfying all applicable legal and regulatory requirements, including all applicable in-service conditions of the U.S. Pipeline and Hazardous Materials Safety Administration’s Consent Agreement for the project, and receiving all …
By Reuters June 12 (Reuters) – Mountain Valley can begin operating its $7.85 billion Virginia natural gas pipeline after receiving approval from the U.S. Federal Energy Regulatory Commission (FERC) according to a filing on Tuesday. The Mountain Valley project, the only big gas pipeline under construction in the U.S. Northeast, has encountered numerous regulatory and court …
Mountain Valley Gets Regulator’s Approval for U.S. Natural Gas Pipeline Read More »
Energy Transfer is suing to block three rival projects Fight threatens to make it even harder to add pipelines in US A legal battle in Louisiana is hobbling construction of three pipeline projects worth more than $2 billion. Yet the litigation isn’t from environmentalists: It’s spearheaded by one of the biggest natural gas pipeline operators …
Pipeline Brawl in Louisiana Rattles Industry Desperate to Build Read More »
‘This is the first time Canada will enter the global marketplace as a global player, so it is an incredibly important change for the industry’ By Mario Toneguzzi With the recent completions of the Trans Mountain expansion and Coastal GasLink pipelines, and the looming completion of LNG Canada within the next year, there are few major …
An open letter asserts that the pipeline project involved a “campaign of violence” against the Wet’suwet’en people Bloomberg News Some Indigenous leaders in Canada are asking investors not to buy bonds issued by a natural gas pipeline company that’s marketing the country’s largest-ever corporate debt deal. Hereditary Chiefs of the Wet’suwet’en First Nation said investors should shun the …
Indigenous Group Urges Boycott of Canadian Coastal GasLink Bond Deal Read More »
TC Energy shareholders voted in favour of spinning off the Canadian company’s liquids pipeline business on Tuesday, creating a new energy infrastructure firm known as South Bow Corp whose assets include the Keystone oil pipeline. The spin-off will help Calgary-based TC lower its high debt load and focus on moving natural gas. South Bow’s assets …
TC Energy Shareholders Vote to Spin off North American Oil Pipeline Business Read More »
The funds will refinance debt supporting the construction of the 670-kilometre natural gas pipeline, sources told Bloomberg Bloomberg News A Canadian pipeline that’s partially owned by KKR & Co. is set to kick off what’s likely to be the biggest corporate bond deal in the country’s history. Coastal GasLink LP, a pipeline project in Western Canada, is …
Coastal GasLink Looks to Borrow $4 billion in Canada’s Biggest Corporate Bond Deal Read More »
