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(Reuters) – Pipeline operator Summit Midstream Partners said on Friday it would sell its Utica assets to a unit of midstream energy company MPLX LP for about $625 million in cash. The Marcellus and Utica shale, spread across Pennsylvania, West Virginia and Ohio, are among the regions where U.S. drillers have been cutting the number of gas …
Summit Midstream Partners to Sell Utica Assets to MPLX for $625 Mln Read More »
Last segment goes through hard rock in rugged B.C. terrain Bloomberg News The startup date for Canada’s mega oil pipeline should be known within weeks as Trans Mountain Corp. drills through hard rock in British Columbia’s rugged Fraser Valley for the final stretch of the 1,150-kilometre conduit. “The next few weeks will be very important in terms …
Canada’s Trans Mountain Expansion Startup Date Hangs on Final 2.5-Km Leg Read More »
U.S. energy pipeline and storage operators have spent two years watching the consolidation of oil and gas producers, and now they are gearing up for the merger wave to hit their sector, executives, investors, and analysts said. The midstream sector has a lot of specialized midsize firms and only a handful of very large operators …
U.S. Pipeline Firms Poised to Follow Biggest Customers into M&A Read More »
HOUSTON, March 19 (Reuters) – Pipeline operator Williams Companies looked at acquiring struggling liquefied natural gas (LNG) developer Tellurian, but considered its export project not that attractive, the company’s strategy chief said on Tuesday. Tellurian said this week it would consider offers for its proposed Driftwood LNG gas export terminal after unsuccessfully pursuing long-term sales and purchase agreements …
Williams Companies Ruled Out Bid for Tellurian, Executive Says Read More »
WHITING, Ind. (AP) — BP’s sprawling oil refinery in northwest Indiana has resumed normal operations more than six weeks after a power outage prompted the energy giant to temporarily shut down the complex and evacuate workers. BP spokesperson Christina Audisho said Tuesday that “the Whiting Refinery is back to normal operations” at the site along …
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 …
Enbridge Aims to Expand Gray Oak Oil Pipeline Capacity by 120,000 bpd Read More »
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 …
Nord Stream Sues Insurers in London Over 2022 Pipeline Blasts Read More »
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 …
The AI Revolution Needs Chips, Software – and Gas Pipelines Read More »
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 …
EQT to Acquire Mountain Valley Pipeline Owner for $5.5 Billion Read More »
(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 …
TC Energy Briefly Shut Keystone Oil Pipeline on Unfounded Leak Concern Read More »
