Pipelines

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Shell Plans to Shut-in Different Portions of Zydeco Pipeline

(Reuters) – Oil major Shell on Monday said it plans to shut-in different portions of its Zydeco pipeline system for maintenance for three to four days starting Sept 24. The Zydeco pipeline system, which spans over 350 miles and has a mainline capacity of about 375,000 barrels per day, has four segment and ships crude …

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Trans Mountain Names Maki New CEO Before Government Sale

He will replace Dawn Farrell, who recently was appointed as Trans Mountain’s board chair, effective Sept. 1 Bloomberg News Trans Mountain Corp., the government-owned company operating Canada’s newest major oil pipeline, named Chief Financial and Strategy Officer Mark Maki as its next chief executive as it prepares for a sale to private owners. Maki will replace …

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Russia Complains to Germany over Nord Stream Sabotage Probe

(Reuters) – Russia has complained to Germany over its investigation into the 2022 explosions that ruptured the Nord Stream gas pipelines, the RIA state news agency reported on Monday, after a key suspect escaped arrest in Poland. German media reported last week that German prosecutors had identified a Ukrainian diving instructor as a suspect in the Nord …

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TC Energy Completes Sale of Portland Natural Gas Transmission System

CALGARY — TC Energy Corp. says it and its partner have successfully completed the sale of Portland Natural Gas Transmission System. Earlier this year, the companies announced they were selling the U.S. pipeline for US$1.14 billion to a BlackRock fund and investment funds managed by Morgan Stanley Infrastructure Partners. The partner, Northern New England Investment …

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Williams to Resume Louisiana Natgas Pipeline Project, Ending Feud with Energy Transfer

Williams Cos got the green light to continue building its Louisiana Energy Gateway project (LEG) on Wednesday, a natural gas pipeline, after a court threw out rival company, Energy Transfer’s last bid to halt its construction. The two companies have been in dispute over Williams’ LEG project, under construction in Texas and Louisiana, after Energy …

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Williams Can Cross Path of Energy Transfer Gas Pipeline, Court Rules

Ruling is latest in battle concerning Louisiana Energy Gateway Energy Transfer owns key stretch of lines in Texas, Louisiana Energy Transfer LP can’t stop Williams Cos. from building a natural gas pipeline across the path of the company’s own conduit in Louisiana, a district court in the state ruled. The by the 42nd Judicial District Court of DeSoto Parish …

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Canada’s Trans Mountain Oil Pipeline Just Shy of Target for First-Month Loadings

(Reuters) – About 20 ships loaded crude oil on Canada’s West Coast in the first full month of operation on the newly expanded Trans Mountain pipeline, according to vessel-tracking data on Sunday, slightly below the operator’s forecast. Loadings from the pipeline expansion are closely watched because the Canadian government wants to sell the $24.84 billion …

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Some Colonial Pipeline Owners Eye Stake Sales at $10 billlion-Plus Company Valuation, Sources Say

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 …

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Michigan Attorney General’s Bid to Shut Down Enbridge Pipeline Sent Back to State Court

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 …

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Phillips 66 to Sell Pipeline Stake to Tallgrass for $1.3 Billion

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 …

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