Pipelines

Auto Added by WPeMatico

Canada Increases Loan Guarantees for Trans Mountain to C$19 Billion

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

The Canadian government has guaranteed another C$1 billion ($731 million) in commercial loans for the Trans Mountain pipeline expansion, taking the total government-backed loan facility to C$19 billion, Trans Mountain’s quarterly earnings statement showed on Thursday. The expansion project, which has so far cost C$34 billion, nearly triples capacity to ship oil from Alberta to …

Canada Increases Loan Guarantees for Trans Mountain to C$19 Billion Read More »

Energy Transfer to Buy WTG Midstream in $3.25 Billion Deal

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

Pipeline operator Energy Transfer said on Tuesday it would buy WTG Midstream Holdings in a deal valued at about $3.25 billion as the pipeline operator looks to expand its gas transportation and processing network in the Permian Basin. It would acquire WTG from affiliates of Stonepeak, the Davis Estate and Diamondback Energy. The deal will …

Energy Transfer to Buy WTG Midstream in $3.25 Billion Deal Read More »

U.S. Mountain Valley Sees WV-VA Natgas Pipe in Service in Early June

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

U.S. natural gas pipeline venture Mountain Valley Pipeline pushed back the target in-service date of its long-delayed pipe from West Virginia to Virginia to early June from the prior target of “prior to June 1”. The company told federal energy regulators in a filing late Tuesday that the small delay was “due to the extended …

U.S. Mountain Valley Sees WV-VA Natgas Pipe in Service in Early June Read More »

First Canadian Oil Export Cargo from Expanded Trans Mountain Pipeline Set to Load

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

Crude oil tanker Dubai Angel on Monday moored at the Westridge Marine Terminal in Vancouver, preparing to load the first cargo of crude oil from the recently expanded Trans Mountain pipeline (TMX), ship tracking data showed. Chartered by Canadian oil producer Suncor Energy, the Marshall Islands-flagged vessel was expected to load about 550,000 barrels of …

First Canadian Oil Export Cargo from Expanded Trans Mountain Pipeline Set to Load Read More »

U.S. Mountain Valley Passes Test After Fixing Leak in WV-VA Natgas Pipe

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

U.S. natural gas pipeline venture Mountain Valley Pipeline said on Friday it repaired a segment of pipe that failed a water test earlier in the month and will continue to prepare the long-delayed West Virginia-Virginia pipe for service. The venture was on track to complete the $7.85 billion project by the end of May, U.S. …

U.S. Mountain Valley Passes Test After Fixing Leak in WV-VA Natgas Pipe Read More »

Pipeline Operator Enbridge Beats Profit Estimates on North American Demand

Energy Topics & Technology, Latest, Pipelines / By

(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 …

Pipeline Operator Enbridge Beats Profit Estimates on North American Demand Read More »

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 …

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

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 …

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

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 …

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

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 …

Pipeline Operator TC Energy Beats Profit Estimates on Strong LNG Demand Read More »

Subscribe
Subscribe