Midstream Archives - Page 16 of 116 -

Analysis-Cyberattack exposes lack of required defenses on U.S. pipelines

May 12, 2021

Reuters WASHINGTON -The shutdown of the biggest U.S. fuel pipeline by a ransomware attack highlights a systemic vulnerability: Pipeline operators have no requirement to implement cyber defenses. The U.S. government has had robust, compulsory cybersecurity protocols for most of the power grid for about 10 years to prevent debilitating hacks by criminals or state actors. But the country’s 2.7

U.S. fuel supplies tighten as pipeline outage drags on

May 11, 2021

Reuters Supplies of gasoline tightened further in parts of the United States on Tuesday as the shutdown of the nation’s biggest fuel pipeline by hackers entered its fifth day, raising concern about price spikes at the pumps heading into the summer driving season. The Colonial Pipeline said it was working to “substantially” resume operations by the end of this week

CorEnergy announces first quarter 2021 results, dividends

May 11, 2021

CorEnergy Infrastructure Trust, Inc. (“CorEnergy” or the “Company”) today announced fin…

Traders book tankers in Europe to ship gasoline across Atlantic after Colonial shutdown

May 10, 2021

Reuters LONDON – Traders provisionally booked at least six tankers to ship gasoline from Europe to U.S. destinations following a cyber attack that shut the United States’ top fuel pipeline network, Refinitiv Eikon data showed on Monday. The attack forced the Colonial Pipeline to shut down its entire system on Friday, stoking expectations of gasoline shortages along the U.S. East

Oil gains after cyberattack forces shutdown of U.S. fuel pipelines

May 10, 2021

CNBC Oil rose on Monday after major U.S. fuel pipeline operator Colonial Pipeline had to shut fuel pipelines due to a cyberattack, raising concerns about supply disruption and pump price increases. Colonial Pipeline said on Sunday its main fuel lines remained offline after the attack that shut the system on Friday, but some smaller lines between terminals and delivery points were

Top U.S. fuel pipeline down for fourth day as hackers issue statement

May 10, 2021

Reuters NEW YORK – The U.S. government and the top fuel pipeline operator in the United States on Monday worked to secure the network that transports nearly half of the East Coast’s fuel supplies, as the group suspected of a ransomware cyberattack that caused it to shutdown last week said it was just trying to make money. The attack on

TC Energy posts C$1 billion quarterly loss on Keystone XL suspension

May 7, 2021

Reuters Canadian pipeline operator TC Energy on Friday swung to a loss in the first quarter, hit by C$2.2 billion ($1.81 billion) impairment charges related to the suspension of its Keystone XL pipeline project. The pipeline was planned to carry 830,000 barrels per day of heavy crude from Canada’s Alberta province to Nebraska in the United States. The company said

BP Midstream offshore pipeline volumes rise 12%, onshore levels lag in first quarter

May 6, 2021

Reuters NEW YORK – BP Midstream Partners LP BPMP.N offshore pipeline volumes increased by 12% in the first financial quarter, but onshore oil and refined products pipeline demand lagged, company executives said on Thursday. Overall, the amount of crude oil and refined products shipped on BP Midstream pipelines was up 8% to 1.7 million barrels per day in the three months

North Carolina again denies permit for Mountain Valley gas pipe extension

May 3, 2021

Reuters The North Carolina Department of Environmental Quality (DEQ) again denied Mountain Valley Pipeline’s (MVP) request for a water permit for its proposed Southgate natural gas pipeline project from Virginia to North Carolina. The DEQ first denied the request in August 2020. MVP appealed that decision to the U.S. Court of Appeals for the Fourth Circuit, which remanded the case back to

Frustrated Canada presses White House to keep Great Lakes oil pipeline open

April 26, 2021

Reuters OTTAWA/NEW YORK – Canada is pushing on several diplomatic fronts against the U.S. state of Michigan’s efforts to close a cross-border oil pipeline, the second such dispute since Joe Biden became U.S. president in January, complicating the governments’ efforts to work together to lower carbon emissions. The conflict over the aging but key pipeline highlights the disruptions caused by

U.S. appeals court denies Dakota Access rehearing request, environmental review to continue

April 23, 2021

Reuters NEW YORK – A U.S. appeals court on Friday denied Dakota Access LLC’s petition for a rehearing on a court decision to cancel a key permit for its oil pipeline, court documents show. The decision by the United States Court of Appeals for the District of Columbia means the Dakota Access Pipeline (DAPL) technically is still trespassing on federal

Pipeline owner: Shutdown would cause dire financial effects

April 21, 2021

Fox Business The owner of the Dakota Access pipeline that moves oil from North Dakota to Illinois says shutting down the line would have dire financial consequences based on recent economic conditions. Texas-based Energy Transfer said in its filing late Monday that U.S. District Judge James Boasberg should deny a motion by the Standing Rock Tribe and other pipeline opponents to halt the business while

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