Midstream

WPX Energy Ends an Active 2015 with Gathering System Sale

WPX Energy Ends an Active 2015 with Gathering System Sale

Industry-wide divestiture levels were down on a year-over-year basis in 2015, but WPX Energy (ticker: WPX) did more than its fair share on the mergers and acquisitions front.

On December 31, 2015, the Tulsa-based exploration and production company announced the …

Enbridge Inc., Enbridge Energy Partners Comment on Minnesota Public Utilities Commission Hearing

Enbridge Inc., Enbridge Energy Partners Comment on Minnesota Public Utilities Commission Hearing

CALGARY, ALBERTA–(Marketwired – Dec. 21, 2015) – The Minnesota Public Utilities Commission (Commission) voted, at its most recent hearing on December 17, 2015, on several matters regarding the process to review the applications for a certificate of need and route …

December 22, 2015 - 3:37 pm Closing Bell Story‎, Midstream, MLPs, Regulatory
Oil & Gas 360 Energy News

Inter Pipeline Announces $250 Million Capital Expenditure Program for 2016

CALGARY, ALBERTA–(Marketwired – Dec. 21, 2015) – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) announced today a $250 million capital expenditure program for 2016, primarily directed towards its conventional oil gathering and oil sands transportation businesses. Organic growth projects are …

December 21, 2015 - 3:33 pm Canada, Closing Bell Story‎, Energy News, Midstream
Whiting Petroleum Pads Balance Sheet with $75 Million Sale of Niobrara Water Business

Whiting Petroleum Pads Balance Sheet with $75 Million Sale of Niobrara Water Business

Gas Plant Sales on the Horizon?

Whiting Petroleum (ticker: WLL), a Denver-based exploration and production company with operations focused on the Bakken Shale and Denver Julesburg Basin, has closed on the sale of its DJ water business for $75 million. …

Trans-Alaska oil pipeline

With Keystone XL Dead, Environmental Groups Turn to Obama to Kill Alberta Clipper Expansion

Following judge’s confirmation of Enbridge’s legal authority to carry out 430 MMBOPD Alberta Clipper expansion

U.S. District Judge Michael Davis in Minnesota rejected key parts of a lawsuit brought against Enbridge Inc. (ticker: ENB) over the expansion of the company’s …

December 11, 2015 - 4:26 pm Canada, Closing Bell Story‎, Midstream, Oil and Gas 360 Articles
TransCanada Signs Three More First Nations Agreements for $4.8 Billion, 2-3 Bcf Natural Gas Pipeline

TransCanada Signs Three More First Nations Agreements for $4.8 Billion, 2-3 Bcf Natural Gas Pipeline

TransCanada now has nine project agreements with First Nations groups as part of the Coastal GasLink project

TransCanada (ticker: TRP) announced today that the company has signed three new agreements with First Nations groups in connection to the company’s Coastal

Amendments to Strengthen Natural Gas Pipelines Pass Senate Committee

Amendments to Strengthen Natural Gas Pipelines Pass Senate Committee

Amendments address safety of natural gas pipelines and transparency related to oil spills

The Senate Commerce, Science and Transportation Committee today included three amendments when it passed pipeline reauthorization legislation (S. 2276).

Two of the amendments by Massachusetts Sen. Ed

December 9, 2015 - 5:46 pm Midstream, Oil and Gas 360 Articles, Regulatory
Source: Gazprom. LNG Tanker

Shipping LNG on U.S.-Built Ships a Double-Edged Sword: 100 New LNG Carriers Required

Study looks at effects of shipping U.S. LNG using U.S.-built ships

Cheniere Energy (ticker: LNG) is expected to begin shipping 3.5 Bcf/d of liquefied natural gas (LNG) from its Sabine Pass terminal in Louisiana early next year, with an additional …

Devon Energy, EnLink Midstream Team Up for $4 Billion Acquisition from Private Companies

Devon Energy, EnLink Midstream Team Up for $4 Billion Acquisition from Private Companies

CEO Hager: STACK is “the best emerging development play in North America”

Devon’s STACK position has grown by more than 150,000 net acres in recent months

Devon Energy (ticker: DVN) has secured the strongest foothold in the Cana-Woodford, pro forma …

Oil Trade is Fertile Ground for Turkey-Russian Tensions

Oil Trade is Fertile Ground for Turkey-Russian Tensions

Turkey threatens to cut off oil from Black Sea ports

As tensions continue to rise following Turkey’s decision to shoot down a Russian fighter jet November 24, the oil trade has become a target in an exchange of blows. Russian …

MarkWest Energy: Anatomy of a Bad Deal

MarkWest Energy: Anatomy of a Bad Deal

MarkWest Energy:  Sold.  “For Pennies on the Dollar.”  Unitholders Say “No” on Management Bonus Payments

MarkWest Energy Partners (ticker: MWE) distributed a news release announcing that unitholders approved the merger with MPLX (ticker: MPLX), an MLP created by Marathon Petroleum …

TRC Completes $130 Million Acquisition of Willbros Professional Services

TRC Completes $130 Million Acquisition of Willbros Professional Services

Majority of the proceeds will be used to pay down Willbros debt

TRC Companies (ticker: TRR), an engineering, environmental consulting and construction management service company, announced yesterday that it has completed its acquisition of the Professional Services business segment of …

$3.7 Billion Dakota Access Oil Pipeline Greenlighted by South Dakota

$3.7 Billion Dakota Access Oil Pipeline Greenlighted by South Dakota

Initial capacity on the pipeline would be 450 MBOPD, with growth potential to 570 MBOPD

The South Dakota Public Utilities Commission (PUC) announced this week that it has decided to approve Energy Transfer Partner’s (ticker: ETP) Dakota Access Pipeline project …

December 2, 2015 - 1:50 pm Closing Bell Story‎, Midstream, Oil and Gas 360 Articles
Source: WPX

West Virginia’s Coal Industry is Reeling – Will Shale Gas Take Its Place?

Seal_of_West_Virginia.svgAn Exclusive Interview with Keith Burdette, Secretary of Commerce for West Virginia

Coal has powered West Virginia’s economy for centuries. Generations of West Virginians have come and gone in the Mountain State, and its stalwart blue-collar coal industry continuously attracts …

Noble Postpones IPO of Midstream MLP

Noble Postpones IPO of Midstream MLP

Noble Energy sites weak markets

Houston-based Noble Energy (ticker: NBL) announced today that it will postpone an IPO of its wholly owned subsidiary Noble Midstream Partners, which the company planned to list on the New York Stock Exchange with the …

November 20, 2015 - 6:14 pm Closing Bell Story‎, Midstream, MLPs, Oil and Gas 360 Articles
Business Roundtable: “Strategic Changes” Needed for U.S. Energy Policy, Economy

Business Roundtable: “Strategic Changes” Needed for U.S. Energy Policy, Economy

Technological advances in the oil and gas industry have reformed the United States economy, but government policies are preventing the business sector from reaching its full potential.

That is the assessment of the Business Roundtable, based on a 31-page report …

TRP Analyst Day: “More to the TransCanada Story than Keystone XL”

TRP Analyst Day: “More to the TransCanada Story than Keystone XL”

Inventory Backlog Reaches $40 Billion and Counting

*Note: All figures in Canadian dollars unless said otherwise

The Obama administration’s rejection of the Keystone XL pipeline on November 6, 2015, was not a huge surprise to the public majority following the …

Canada’s Energy Audible: New Prime Minister Justin Trudeau Making his Mark on the Industry

Canada’s Energy Audible: New Prime Minister Justin Trudeau Making his Mark on the Industry

Justin Trudeau, the newly elected Prime Minister of Canada, has been in office for less than two weeks but is already making waves in the nation’s energy industry.

In a mandate letter to the Minister of Transport, Trudeau outlined the …

Trans-Alaska oil pipeline

45% of U.S. Crude Oil Imports Come from Canada

The U.S. imports almost three times as much crude from Canada than it does from the Persian Gulf

Even without the 800 MBOPD capacity of TransCanada’s Keystone XL pipeline, crude oil imports from Canada make up 45% of crude shipped …

Keystone XL Rejection: The Canadian Perspective

Keystone XL Rejection: The Canadian Perspective

Exclusive Interview: what does the U.S. rejection of the Keystone XL pipeline mean for future cross-border projects?

In this exclusive interview with Oil & Gas 360®, Tim McMillan, President and CEO of the Canadian Association of Petroleum Producers (CAPP), discusses …

Pipe destined for TransCanada’s Keystone XL pipeline is stockpiled near Gascoyne, N.D. (CBC)

U.S. Rejects Keystone XL Pipeline

After seven years of regulatory limbo, Obama administration says “no” to TransCanada application

President Obama announced today that he has rejected TransCanada’s (ticker: TRP) Keystone XL pipeline project after seven years of regulatory holdup. The decision comes as the president …

What’s Next for Keystone XL?  TransCanada’s Keystone Chief Spells it Out

What’s Next for Keystone XL? TransCanada’s Keystone Chief Spells it Out

 An interview with Corey Goulet, President of Keystone projects for TransCanada.


Editor’s Note: In March 2015, Oil & Gas 360® interviewed Corey Goulet, boss of the Keystone XL pipeline project. Today (Nov. 6, 2015), the U.S. State Department and the

TransCanada Changes Scope of Energy East Pipeline

TransCanada Changes Scope of Energy East Pipeline

TransCanada to remove a port on the Energy East pipeline route

TransCanada announced today that the company has decided to remove a port on its Energy East pipeline project from Quebec. The company said the decision was made after listening …

TransCanada Asks for Pause on Keystone XL Decision

TransCanada Asks for Pause on Keystone XL Decision

Pause on TransCanada’s Keystone XL project comes as company waits Nebraska decision

Alberta-based TransCanada (ticker: TRP) announced yesterday that it sent a letter to the U.S. State Department requesting a pause on the decision making process for its Keystone XL …

November 3, 2015 - 11:47 am Canada, Midstream, Oil and Gas 360 Articles, Politics & Opinions
$17 Billion and Counting: The Oil Writeoffs are Piling Up Fast

$17 Billion and Counting: The Oil Writeoffs are Piling Up Fast

Oil prices climbed on the eve of October’s busiest day of earnings season, but significant impairment charges put a damper on the brief rally. Large scale oil producers wrote off billions in the early stages of Q3’15 earnings, as Anadarko …

Source: The Society of Petroleum Engineers

Pemex Sees Silver Lining in U.S. Crude Swap Agreement after Posting Its Largest Quarterly Loss

Mexico’s state-owned oil major is on pace to record its lowest annual production in three decades

Petroleos Mexicanos (Pemex) has transformed its energy policies and welcomed investments with open arms, but the progress is no match for the 53% drop …

Parallels Abound Between Baseball and the Energy Industry as 111th World Series Gets Underway

Parallels Abound Between Baseball and the Energy Industry as 111th World Series Gets Underway

“The journey from the minor leagues to the World Series parallels the struggle to climb the ladder of American business. Many try, but only a few succeed.”  – Roger Kahn, The Boys of Summer

Call it a throwback to the …

Noble Energy Announces IPO for Midstream Assets

Noble Energy Announces IPO for Midstream Assets

Noble plans to form an MLP out of its midstream assets in the DJ Basin

Houston-based Noble Energy (ticker: NBL) announced today that its wholly owned subsidiary Noble Midstream Partners has filed with the U.S. Securities and Exchange Commission (SEC) …

October 22, 2015 - 6:15 pm Midstream, MLPs, Oil and Gas 360 Articles
Kinder Morgan Acquires Interests in 15 BP plc Terminals for $350 Million

Kinder Morgan Acquires Interests in 15 BP plc Terminals for $350 Million

Kinder Morgan (ticker: KMI), the largest energy infrastructure company in North America, is adding to its footprint.

On October 20, 2015, KMI announced a joint venture agreement with a subsidiary of BP plc (ticker: BP) for 15 terminals at a …

New Pipeline will Triple Azerbaijan’s NatGas Piped to Europe, Avoiding Russia

New Pipeline will Triple Azerbaijan’s NatGas Piped to Europe, Avoiding Russia

303 mile pipeline expansion in Azerbaijan is the first leg of a 1,993 mile journey to southern Europe

Construction or preliminary work has begun on three pipelines designed to flow natural gas supplies from Azerbaijan to consumers in Turkey, Bulgaria, …

October 14, 2015 - 12:29 pm International, Midstream, Oil and Gas 360 Articles