Pipelines

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Canada Expands Tax Break to Broad Range of Investments Including Pipelines

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

By Erik Hertzberg and Brian Platt Prime Minister Mark Carney is expanding the scope of a major investment tax write-off, adding oil and gas pipelines, oil production equipment, mining property and more to the list of assets eligible for immediate expensing in Canada. Carney announced the tax measure — dubbed the productivity mega deduction — …

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Enbridge Launches Open Season for Proposed Texas Natgas Pipe

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(Reuters) – Canadian energy company Enbridge said on Tuesday it launched a non-binding open season for its proposed West Texas Express natural gas pipeline to transport gas west from the Waha area of the Permian Shale to markets in and around El Paso, Texas. The Permian is the biggest oil-producing shale basin in the United …

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US Energy Chief Says Saudi Arabia Oil Pipeline Should Be Back Online Within Days

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(Reuters) – Crude oil should be flowing through Saudi Arabia’s vital East-West Pipeline within days, U.S. Energy Secretary Chris Wright told CNBC on Tuesday, after the kingdom was forced to temporarily close it following attacks by Iran-aligned groups. “It’s still a detailed assessment, but I think it will be measured in days,” Wright said on …

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Oil Pipe Bypassing Hormuz to Reopen ‘Soon,’ US Energy Chief Says

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By Ari Natter and Annmarie Hordern A critical Saudi oil pipeline should be back online “soon” following it’s closure late last week after coming under attack, Energy Secretary Chris Wright said Monday. “I think you’ll see that pipeline running back soon,” Wright said in an interview on Bloomberg Television. They’ve been very carefully assessing what …

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Saudi Pipeline Outage Threatens Loss of 4% of Global Oil Supply

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

Summary Kingdom has stocks in ports for 5-7 days to maintain oil exports, sources say Pipeline needs to restart to avert major export drop Saudi Arabia has not given details about duration of repairs Global oil crisis deepens, pushes inflation, bond yeilds higher (Reuters) – Saudi Arabia will run out of oil stocks for exports …

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THEY DID IT – Trump Says Iran Probably Responsible for Attack on Saudi Pipeline

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  U.S. President Donald Trump said on Saturday that Iran was probably responsible for an aerial attack on Saudi Arabia that shut down its East-West pipeline, one of the kingdom’s main routes for exporting crude while bypassing the Strait of Hormuz. “I think they are, probably they are,” Trump told reporters in Dublin when asked …

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Phillips 66, Kinder Morgan, HF Sinclair Approve Western Gateway Pipeline Project

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By Reuters (Reuters) – Phillips 66, Kinder Morgan and ​HF Sinclair said on ‌Tuesday they have finalized a joint venture agreement ​and decided to proceed with ​the proposed $5 billion Western Gateway ⁠Pipeline system. Phillips 66 will ​own 49.9% of the joint ​venture, Kinder Morgan 35.1% and HF Sinclair 15%, they added. Companies have ​been racing …

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Pipeline Owners Race to Build Capacity as AI Power Demand Jumps

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

By Emma Sanchez US pipeline operators are racing to expand their capacity to help power new data centers. Energy Transfer LP is developing pipeline projects to meet rising demand for gas-fired electricity, Co-Chief Executive Officer Thomas Long said during a call with analysts on Tuesday. The company expects to announce more details in coming months. …

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Michigan Supreme Court Rejects Permit for Enbridge Oil Pipeline Under Great Lakes

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The Michigan Supreme Court has ordered state regulators to reconsider a key permit that allowed a planned tunnel to carry an oil pipeline under part of the Great Lakes to move forward. The 6-1 decision further clouds the future of the 73-year-old pipeline owned by Canadian energy transportation company Enbridge that carries petroleum from Superior, Wisconsin, to Sarnia, Ontario. …

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Canada’s Enbridge to Postpone Plans for Second Phase of Mainline Oil Pipeline Expansion

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

  Canadian pipeline operator Enbridge said on Friday it was postponing the 250,000-barrel-per-day second phase of its Mainline crude pipeline network, partly due to Canadian oil producers not committing to significant output increases. The project would have increased exports of Canadian crude to U.S. refineries. But Enbridge CEO Greg Ebel said the company will focus first …

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