Auto Added by WPeMatico
(Reuters) – U.S. natural gas company Williams Cos is on track to add 12 projects representing about 4.2 billion cubic feet per day (bcfd) of capacity from 2024-2027, company CEO Alan Armstrong said at the Barclays CEO Energy-Power Conference on Wednesday. The additions come after the company placed 17 projects representing about 5.0 bcfd of …
Targa viewed Williams’s overture as undervaluing company Targa’s market value now $33 billion after shares gain Targa Resources Corp. rebuffed informal takeover interest from larger rival Williams Cos. in recent months, people with knowledge of the matter said, in another signal of sustained appetite for consolidation in the pipeline industry. The Houston-based natural gas pipeline operator viewed the …
Targa Resources Rebuffed Takeover Interest From Larger Rival Williams Read More »
Oil pricing agency Argus launched on Wednesday three daily price quotes for crude exported from western Canada’s newly expanded Trans Mountain (TMX) pipeline amid rising demand for the oil from Asia. The agency will assess prices of crude loaded from the TMX pipeline onto Aframax-sized tankers capable of carrying 80,000 metric tons (584,000 barrels) …
Argus Launches Three Price Quotes for Trans Mountain Oil Pipeline Exports Read More »
Summary Enbridge cuts tariffs by 11% on Mainline system for September Pipelines to ship alternative grades to offset loss of Canadian supply Canadian output expected to grow, filling excess pipeline space HOUSTON, Sept 3 (Reuters) – Pipelines that historically carry Canadian crude to the U.S. are cutting rates and looking to ship different grades of …
Canada’s Trans Mountain Oil Pipeline Expansion Pushes Rivals to Cut Rates, For Now Read More »
Deals expand ONEOK’s presence in the prolific Permian Basin It’s the latest in a spate of takeovers in the pipeline sector US pipeline operator ONEOK Inc. agreed to buy a Permian Basin rival and a controlling stake in another company in two transactions valued at a combined $5.9 billion. ONEOK will acquire Global Infrastructure Partners’ …
U.S. Pipeline Operator ONEOK Inks Two Deals for $5.9 Billion Read More »
(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 …
Shell Plans to Shut-in Different Portions of Zydeco Pipeline Read More »
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 …
Trans Mountain Names Maki New CEO Before Government Sale Read More »
(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 …
Russia Complains to Germany over Nord Stream Sabotage Probe Read More »
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 …
TC Energy Completes Sale of Portland Natural Gas Transmission System Read More »
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 …
Williams to Resume Louisiana Natgas Pipeline Project, Ending Feud with Energy Transfer Read More »
