(Oil Price)– For years, Canada’s oil and gas sector was plagued by pipeline shortages that severely limited the country’s capacity for export and forced producers to sell at a major discount as storage capacity became maxed out across the nation. But all of that changed when the Trans Mountain Expansion project finally came online after years of delays on May
(BOE Report) – CALGARY – Parkland Corp. and Sunoco LP say they have cleared a key U.S. antitrust hurdle in a US$9.1-billion deal that would see the U.S. fuel distribution giant buy the Calgary-based refiner and retailer. The two companies say the waiting period has expired under the Hart-Scott-Rodino Act, satisfying one regulatory approval that’s needed for the deal to
(Oil Price) – Chevron and state-owned Israel Natural Gas Lines Ltd have signed an agreement to build a natural gas pipeline from Israel’s giant Leviathan gas field to Egypt, Leviathan project participant NewMed Energy has said. Chevron’s unit Chevron Mediterranean Limited, the operator of the Leviathan Project, agreed with Israel Natural Gas Lines to provide transmission services for the flow of natural
(BOE Report) – Plains All American’s crude oil pipelines linking the Permian shale basin to the Corpus Christi export hub in Texas 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. Starting October 1, Plains will charge a half-dollar fee on every barrel that
(Oil Price) – ONEOK, Inc., MPLX LP, Whitewater, and Enbridge Inc. announced a new natural gas pipeline project to transport gas from the Permian Basin to the U.S. Gulf Coast. The Eiger Express Pipeline will be a 450-mile, 42-inch pipeline designed to transport up to 2.5 billion cubic feet per day of natural gas. The project is a joint venture between the existing Matterhorn
Oil & Gas 360– CALGARY, AB, July 22, 2025 /CNW/ – Enbridge Inc. (Enbridge or the Company) announced that it has reached a final investment decision on Clear Fork, a 600 MW solar project in Texas. Clear Fork will be a utility scale solar facility located near San Antonio, with 600 MW of capacity. Construction is underway, and the facility is expected to enter
(BOE Report) – Canadian pipeline operator TC Energy on Thursday missed analysts’ estimates for first-quarter profit on weakness in its power and energy solutions business, while higher interest expenses offset gains in its natural gas operations. The company’s U.S.-listed shares were down 4%. With energy demand growing across North America, demand for renewable and lower-emission electricity is also set to rise. TC
(Oil Price) – Natural gas producer EQT Corporation has agreed to buy upstream and midstream assets of Olympus Energy for $1.8 billion in a deal that would bolster EQT’s inventory in the Marcellus and Utica shale gas regions. The total consideration of $1.8 billion is composed of approximately 26 million shares of EQT common stock, representing $1.3 billion based on the
(Oil & Gas 360) – SAN ANTONIO–(BUSINESS WIRE)–Valero Energy Corporation (NYSE: VLO, “Valero”) announced today that its subsidiary, Valero Refining Company-California, has submitted notice to the California Energy Commission of its current intent to idle, restructure, or cease refining operations at Valero’s Benicia Refinery by the end of April 2026. Valero continues to evaluate strategic alternatives for its remaining operations
(BOE Report) – The U.S. Army Corps of Engineers on Wednesday granted Enbridge’s proposed tunnel for its Line 5 pipeline national energy emergency status, fast-tracking a key federal permitting process. President Donald Trump had ordered the Army Corps to issue permits enabling the filling of wetlands and dredging or building in waterways as part of the January 20 emergency energy declaration,
(Oil Price) – U.S. refiner Phillips 66 told shareholders on Tuesday that Elliott Investment Management’s demands for breaking up the company are misguided, based on inflated and unrealistic assumptions, and would destroy shareholder value. Activist hedge fund Elliott Investment Management has called on Phillips 66 to spin off its midstream business and tighten up operations. Elliott, which has an investment worth more than
(World Oil) – (Bloomberg) – Chevron Corp., YPF SA and other oil drillers are planning a major Argentine pipeline to handle rising output from the Vaca Muerta shale region. The companies, through the Oldelval SA joint venture, are in talks to increase oil-shipping capacity from Puesto Hernandez, a promising drilling zone more than 100 kilometers (62 miles) distance from the
