Pipelines

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Enbridge Aims to Expand Gray Oak Oil Pipeline Capacity by 120,000 bpd

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

Energy pipeline operation Enbridge plans to expand capacity on its Gray Oak oil pipeline by 80,000 barrels per day (bpd) this year, an executive told Reuters on Tuesday. An additional 40,000 bpd expansion could come online in 2025 after the company decides on its capital expenditure plans, said Colin Gruending, an executive vice president at Calgary-based …

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Nord Stream Sues Insurers in London Over 2022 Pipeline Blasts

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

Reuters (Reuters) – Nord Stream is seeking more than 400 million euros ($436 million) from its insurers over explosions in 2022 which ruptured pipelines designed to transport Russian gas to Germany, court filings show. Nord Stream AG names Lloyd’s Insurance Company and Arch Insurance (EU) DAC as defendants in its lawsuit, which was filed at London’s High …

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The AI Revolution Needs Chips, Software – and Gas Pipelines

Artificial Inteligence, Energy Topics & Technology, Latest, Natural Gas, Pipelines, Tri-Pinned, US News / By

Big metal tubes filled with flammable vapor aren’t an obvious element of the artificial intelligence vision. By Liam Denning Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.   The fervor for all things AI …

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EQT to Acquire Mountain Valley Pipeline Owner for $5.5 Billion

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

Controversial project is due to be completed in second quarter Equitrans was spun out of EQT in 2018 after investor pressure US natural gas producer EQT Corp. agreed to buy back former unit Equitrans Midstream Corp. for about $5.5 billion in stock, the latest in a flurry of deals in the oil and gas pipeline industry. The transaction will …

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TC Energy Briefly Shut Keystone Oil Pipeline on Unfounded Leak Concern

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(Reuters) – TC Energy temporarily shut down the Keystone oil pipeline on Thursday to investigate a South Dakota landowner’s report about a possible leak that proved unfounded, the Canadian company and a U.S. pipeline regulator said on Friday. TC told the Pipeline and Hazardous Materials Safety Administration (PHMSA) about the reported leak and conducted aerial observation …

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TC Energy’s Keystone Oil Pipeline Offline Due to Operational Issues

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

TC Energy’s Keystone oil pipeline is offline due to operational issues, cutting off a major conduit of Canadian oil to the United States, three industry sources said on Thursday. The 622,000 barrel-per-day pipeline has been dogged by problems, including a 2022 spill in rural Kansas. Calgary, Alberta-based TC did not immediately respond to a request …

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TC Energy Confirms Latest Round of Job Cuts; Unspecified Number of Employees Affected

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

CALGARY — TC Energy Corp. has cut an unspecified number of jobs, primarily in Calgary and Houston, the pipeline company confirmed Wednesday. A company spokesperson said in an emailed statement the layoffs relate to TC Energy’s previously announced plans to integrate its Canada, U.S. and Mexico natural gas pipelines business units. The new job cuts …

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Enbridge to Invest About $500 Million in Pipeline Assets

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(Reuters) – Pipeline operator Enbridge said on Wednesday it will invest about $500 million in expanding its pipeline and storage assets to improve its U.S. Gulf Coast presence. Enbridge operates North America’s biggest oil pipeline network, the Mainline, which moves Canadian crude from Alberta to U.S. and eastern Canadian refineries. The company said it will …

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TC Energy to Sell Portland Natural Gas Transmission System for $1.14 Bln

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

Reuters March 4 (Reuters) – TC Energy  said on Monday it has agreed to sell Portland Natural Gas Transmission System (PNGTS) to BlackRock  for $1.14 billion as part of its ongoing efforts to reduce debt and fund investments. CEO Francois Poirier had said in 2022 the company planned to raise more than C$5 billion ($3.69 billion) through 2023. The …

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Denmark Drops Nord Stream Blast Probe Without Criminal Case

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

Decision follows similar move in Sweden earlier this month Authorities had concluded ‘deliberate sabotage’ took place Denmark gave up on an investigation into the explosions that in 2022 ruptured the Nord Stream natural gas pipelines just outside its territorial waters, following a similar decision in neighboring Sweden earlier this month. Danish authorities concluded there was …

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