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By Ewa Krukowska and Stephen Stapczynski The European Union has reached a deal to phase out Russian gas faster than originally planned, a move that aims to finally sever ties between the bloc and its once-primary energy supplier. In the aftermath of the invasion of Ukraine, traders and energy companies have closely monitored the EU’s …
EU Finalizes Deal to Phase Out Russian Gas Imports by 2027 Read More »
(Reuters) – Enbridge on Wednesday forecast higher core profit for 2026, as the Canadian pipeline operator expects to benefit from strong demand and new projects entering service. The company projected an adjusted core profit of C$20.2 billion ($14.49 billion) to C$20.8 billion, compared with expectations of between C$19.4 billion and C$20 billion for this year. …
Pipeline Operator Enbridge Forecasts Higher 2026 Core Profit Read More »
By Joe Ryan Natural gas pipeline operator Targa Resources Corp. reached a deal to buy smaller rival Stakeholder Midstream for $1.25 billion in cash. The move expands Houston-based Targa’s ability to ship and store oil and gas in the Permian Basin, according to a statement Monday. The region has long been short on gas pipeline …
Targa to Buy Rival Permian Pipeline Operator for $1.25 Billion Read More »
Bloomberg News Canadian Prime Minister Mark Carney said his government is negotiating an agreement with Alberta that “creates necessary conditions” for the future construction of a new oil pipeline to Canada’s west coast. A project that allows western Canada to ship crude via tanker to overseas markets is one of the main requests of Alberta Premier Danielle …
Takeaways by Bloomberg AI Prime Minister Mark Carney and Alberta Premier Danielle Smith have agreed to the broad terms of a deal that would support a new oil pipeline to Canada’s west coast. The federal and provincial leaders are set to announce a milestone deal granting special exemptions and “political support” to a new pipeline. British …
Canada Agrees to Deal That Paves Way for New Oil Pipeline, Report Says Read More »
By Nicole Jao BP excavates over 200 feet of pipeline to locate leak source Major airlines add refueling stops to flights amid pipeline shutdown Delta Air Lines and Alaska Airlines use tanker trucks to supplement fuel NEW YORK, Nov 24 (Reuters) – BP’s (BP.L) Olympic Pipeline system remained offline on Monday as the oil major …
BP’s Olympic Pipeline Shutdown Hits Airlines’ Fuel Supply Read More »
By Emma Sanchez The biggest natural gas pipeline boom in nearly 20 years is unfolding in the US South as companies build systems to feed massive export terminals rising along the Gulf of Mexico. As many as 12 projects to install new pipelines or expand existing ones are on pace to be completed next year …
Biggest Gas Pipeline Buildout Since 2008 Propels Trump Energy Push Read More »
A race is on among energy companies to build a major fuel pipeline to the U.S. West Coast, a potentially lucrative prize as the planned closure of two California refineries threatens to send gasoline prices in the isolated market soaring. Motorists in West Coast states have long paid some of the country’s highest fuel prices …
California Refinery Closures Spark Pipeline Race to West Coast Read More »
Enbridge missed third-quarter profit estimates on Friday, pressured by higher financing costs from capital investments including U.S. gas utility acquisitions, sending its shares down nearly 2% in premarket trading. The Calgary-based pipeline operator had bought three Dominion Energy utilities last year — East Ohio Gas, Questar Gas and Public Service Co of North Carolina — in …
Enbridge Reports Q3 Profit and Revenue Down From Year Ago Read More »
(Reuters) – The proposed 135-mile (217-km) Constitution natural gas pipeline could provide price relief and other economic benefits to the U.S. Northeast, generating up to $11.6 billion in energy savings and supporting nearly 2,000 jobs annually over 15 years, S&P Global said in an analysis released on Tuesday. The analysis says the pipeline, which is …
Constitution Gas Pipeline Could Save US Northeast $11.6 Billion, S&P Global Says Read More »
