Pipelines

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Canada Floated Keystone XL Revival in Tariff Discussion With Trump, Source Says

(Reuters) – Canadian Prime Minister Mark Carney raised the prospect of reviving the Keystone XL oil pipeline from Alberta to the United States during his Tuesday meeting with U.S. President Donald Trump, according to a source familiar with the discussions and a CBC News report on Wednesday. Carney, who is under increasing pressure in Canada …

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Chevron Puts $2 Billion Colorado Pipeline Assets for Sale, Sources Say

(Reuters) – Chevron is selling a collection of pipeline assets in the Denver-Julesburg shale basin that are likely to fetch more than $2 billion, people familiar with the matter said. Investment bankers at Bank of America have been working in recent weeks to solicit potential interest in the infrastructure, which was largely inherited from the …

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Targa to Build 500-Mile NGL Pipeline in Permian

(Reuters) – Targa Resources will build a 500-mile pipeline to transport natural gas liquids from its plants in the Permian Basin to its fractionation and storage complex in Mont Belvieu, Texas, it said on Tuesday. The Speedway NGL Pipeline is expected to cost about $1.6 billion and will have an initial capacity of about 500 …

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Ares Management to Acquire Meade Pipeline for $1.1 Billion

(Reuters) – Ares Management said on Monday its infrastructure funds have bought Meade Pipeline for about $1.1 billion, adding a key natural gas asset to its U.S. energy business as demand for power and gas surges. The investment management company is buying it from affiliates of XPLR Infrastructure a leading independent power producer formed by NextEra …

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Why the Iraq-Turkey Oil Pipeline Was Halted for 2-1/2 Years

Crude oil flows from Iraq’s northern Kurdistan region to Turkey resumed on Saturday for the first time in two and a half years. Here are details about the dispute that halted the piped supply of some 450,000 barrels per day (bpd) in March 2023: WHAT PROMPTED THE SHUTDOWN? Turkey shut the pipeline following an International …

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COMMENTARY: Canadian Federal Policies Continue to Block Oil Pipelines

By Tegan Hill and Elmira Aliakbari Prime Minister Carney’s recently released list of five projects—which the government deems to be in the national interest and will expedite—doesn’t include a new oil pipeline for western Canada in general or Alberta in particular. The reason given was that no private developer stepped forward to finance or build one. But …

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Trump DOJ Argues Michigan Effort to Shut Down Line 5 Underwater Pipeline Interferes with US foreign Policy

The Trump administration is stepping into the legal fight over whether Enbridge can continue to operate an aging pipeline beneath a Great Lakes channel, arguing that Michigan Gov. Gretchen Whitmer interfered with U.S. foreign policy when she revoked the line’s easement almost five years ago. The pipeline, known as Line 5, has moved crude oil …

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US Files Court Statement to Support Enbridge in Michigan Pipeline Case

The Trump administration has sided with Canadian pipeline operator Enbridge in its legal battle against Michigan, filing a court statement last week that challenges the state’s efforts to shut down the Line 5 oil pipeline. Enbridge has been locked in a long-running dispute with Michigan over the aging Line 5 pipeline, which ships 540,000 barrels …

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Plains All American’s Permian Pipelines Facing Quality Issues

Plains All American’s crude oil pipelines linking the Permian shale basin to the Corpus Christi export hub are facing quality issues related to high mercaptans, or naturally-occurring sulfur compounds, according to sources familiar with the matter and a notice seen by Reuters. Plains in recent days has sent notices to shippers that it will begin …

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How a New Russia-China Gas Pipeline Could Reshape Global LNG Trade

The Gazprom PJSC Atamanskaya compressor station, part of the Power of Siberia 1 gas pipeline, near Svobodny, Russia. Photographer: Andrey Rudakov/Bloomberg Russia and China appear to be moving forward with a major natural gas pipeline between their countries after years of stalled negotiations. Russian energy giant Gazprom PJSC said it has signed a legally binding …

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