Pipelines

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Pipeline Operator Enbridge Beats Profit Estimates on North American Demand

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(Reuters) – Pipeline operator Enbridge (ENB.TO) beat market estimates for first-quarter profit on Friday, as demand remained strong amid an uptick in oil production across North America. Improvements in technology have driven rapid growth in U.S. oil production over the past few years, benefiting pipeline operators such as Enbridge. The company recorded strong demand for its …

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Midstream Space Is Ripe for More M&A, Energy Transfer Says

Energy Topics & Technology, Latest, Mergers and Acquisitions, Pipelines, US News / By

Bllomberg Pipeline operator Energy Transfer LP says it intends to fully evaluate opportunities for mergers and acquisitions. Since last year, there has been a wave of acquisitions among US oil and gas producers as they seek to cut costs and line up new well sites. Though most of the deals have been between drillers, the pipeline sector …

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Canada’s Pipeline Squeeze Set to Return Despite Trans Mountain Start-Pp

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

(Reuters) – As Canada’s oil industry celebrates the start of the Trans Mountain pipeline expansion (TMX), some company executives and analysts are already warning that long-term production growth plans will depend on new takeaway capacity becoming available. TMX, which started commercial operations last week after years of delays, will ship an extra 590,0000 barrels per day (bpd) of …

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TC Energy’s Oil Pipeline Spin-Off Faces Obstacles in Bet on U.S. Gulf

Conventional Energy, Energy Topics & Technology, Latest, Oil, Pipelines, US News / By

(Reuters) – TC Energy’s  planned oil pipeline spin-off is a bet that it can supply more Canadian crude to U.S. Gulf of Mexico refiners, but the venture faces stiff competition and will carry high debt when it starts up. The South Bow spin-off, which TC investors will vote on June 4, will help Calgary, Alberta-based TC …

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Pipeline Operator TC Energy Beats Profit Estimates on Strong LNG Demand

Conventional Energy, Energy Topics & Technology, Latest, LNG, Natural Gas, Pipelines, US News / By

By Reuters (Reuters) – Pipeline operator TC Energy  beat first-quarter profit estimates on Friday, helped by robust demand for liquefied natural gas (LNG). Demand in the U.S., the largest importer of Canada’s oil and gas, rose in the first quarter according to the U.S. Energy Information Administration, benefiting Canadian energy firms. Total earnings from TC Energy’s pipeline …

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Canada’s Long-Delayed Trans Mountain Oil Pipeline Set to Start Operations

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Oilsands, Pipelines / By

(Reuters) – After 12 years and C$34 billion ($24.7 billion), Canada’s Trans Mountain pipeline expansion project (TMX) is set to start shipping oil on Wednesday, a major milestone expected to transform access to global markets for the country’s producers. Pipeline constraints have forced Canadian oil producers to sell oil at a discount for many years, but TMX …

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U.S. Appeals Court Upholds FERC Approvals for Gas Pipeline Expansion

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A U.S. appeals court on Tuesday upheld federal approvals for a natural gas pipeline system expansion project in Louisiana and Mississippi, rejecting environmentalists’ claims that the government performed an insufficient review of its climate harms. A unanimous three-judge panel of the U.S. Circuit Court of Appeals for the D.C. Circuit held that the Federal Energy …

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Equitrans Boosts Cost Estimate for Mountain Valley Natgas Pipe

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Equitrans Midstream Corp said on Tuesday it expects to complete the construction and final commissioning activities on its Mountain Valley natural gas pipeline by the end of May at an estimated cost of $7.85 billion. That is higher than the $7.57 billion to $7.63 billion cost estimate the company gave in February. Equitrans is the …

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Texas Natural Gas Prices Plummet After Pipeline Fire

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Pipelines, US News / By

Intraday cash prices at Waha fall to about -$3 per million Btu Kinder Morgan shut a pipeline segment, trapping gas in region   Natural gas prices in West Texas under pressure from a glut in supply sank even further into negative territory after a segment of a pipeline system was shut following a fire, threatening …

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Kinder Morgan Declares Force Majeure on West Texas Natgas Pipeline

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Pipelines, US News / By

Pipeline operator Kinder Morgan said on Friday a fire that erupted on a west Texas natural gas pipeline it operates was extinguished after burning for most of the day. The Houston company declared force majeure on a segment of the pipeline in Ward County, Texas, following the fire, according to a notice filed on a …

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