Pipeline News

Source: Reuters

TC Energy to sell Portland Natural Gas Transmission System for $1.14 bln

Nasdaq


TC Energy TRP.TO said on Monday it has agreed to sell Portland Natural Gas Transmission System (PNGTS) to a BlackRock-managed fund and Morgan Stanley Infrastructure Partners for $1.14 billion as part of its ongoing efforts to reduce debt and …

Dialogue & innovation: industry leaders unite at TOGC 2024 to discuss the future of pipelines

Dialogue & innovation: industry leaders unite at TOGC 2024 to discuss the future of pipelines

Oil and Gas 360


Publisher’s Note: Oil and Gas 360 media partner congratulates the Transportation Oil & Gas Congress (TOGC) 2024 for another successful year.

Transportation Oil & Gas Congress (TOGC) 2024 brought together C-level executives and technical specialists from

February 26, 2024 - 2:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Pipeline News
Source: Reuters


Trans Mountain expansion may not give long-term price relief to Canada’s booming oil output

BOE Report


Canadian oil producers expect the discount on their crude to shrink significantly when the Trans Mountain pipeline expansion (TMX) starts this year, but the relief may be short-lived as surging supply looks set to exceed the country’s pipeline …

Source: Reuters

Embattled Phillips 66 close Oklahoma pipeline after fire, rupture

Oil Price


Less than a month after news that Phillips 66 was discussing the sale of some of its assets, the company has been forced to shut down a section of a natural gas pipeline due to a fire.

The …

Source: Reuters

Trans Mountain Pipeline hits yet another delay

Oil Price


The Trans Mountain expansion project may be in for yet another delay as the company in charge of it reported encountering “technical issues” during construction.

In a statement, the company said that the issues “will result in …

Source: Reuters

Trans Mountain Pipeline faces two-year delay without route change

Oil Price


The Canada Energy Regulator is hearing arguments on Friday from Trans Mountain Corporation on why it should allow a change in the route and diameter of a small section of the pipeline. The company has warned that without …

Source: Reuters

FOCUS-Canada oil firms face losses as booming supply runs into Trans Mountain delays

Nasdaq


Canadian oil producers are bracing for further potential delays to the Trans Mountain pipeline expansion (TMX) that could cost them millions of dollars in lost revenues in coming months after they ramped up production ready to fill the expanded …

Source: Reuters

Kinder Morgan strikes $1.82-billion deal for Texas natural gas pipelines

Oil Price


Kinder Morgan will buy the natural gas pipeline portfolio of NextEra Energy Partners in Texas, paying $1.82 billion for the assets. The pipeline network has a throughput capacity of 4.9 billion cu ft daily, Kinder Morgan said in …

Source: Reuters

Energy giants’ LNG trading results reveal diverging regional bets

Nasdaq


LONDON – Energy giants offered a rare glimpse into their liquefied natural gas (LNG) trading strategies in recent days, with Shell’s and TotalEnergies’ bets on rising Asian demand paying off while BP’s bet on a European deficit turned sour.…

Source: CNBC

Oil slips as investors watch diplomatic moves in Gaza war

CNBC


Oil prices slipped on Monday as investors continued to focus on the situation in the Middle East, where diplomatic efforts are intensifying in an attempt to contain the conflict between Israel and Hamas.

Oil slips as investors watch diplomatic …

Source: Reuters

Oil falls below $90 a barrel on report of US-Venezuela deal

Investing


HOUSTON  -Oil futures fell on Monday on a report the U.S. and Venezuela could soon reach a deal to ease sanctions on Venezuela if a presidential election date is set, while traders see the Israel-Hamas conflict not affecting crude …

ANALYSIS-Canada may struggle to recoup $26 billion cost of Trans Mountain pipeline

ANALYSIS-Canada may struggle to recoup $26 billion cost of Trans Mountain pipeline

Nasdaq


Canada faces an uphill battle to recoup the roughly C$35 billion ($25.74 billion) in taxpayers’ money it has sunk into the Trans Mountain oil pipeline, as uncertainty over shipping tolls and a limited pool of buyers cloud the asset’s …

Source: Reuters

Tellurian asks for three-year extension to complete its driftwood LNG facility

Oil Price


Tellurian has applied for a three-year construction permit extension with the Federal Energy Regulatory Authority to complete the construction of the Driftwood LNG facility. The Driftwood LNG plant, currently under construction, would be one of the biggest in

Source: Reuters

Energy Transfer LP shuts ruptured oil pipeline in Permian

Oil Price


Energy Transfer LP shuttered its Centurion Pipeline on Monday after it was struck by a road worker, the pipeline company said in an email to Bloomberg. Energy Transfer LP acquired the pipeline earlier this year when it acquired …

Source: Reuters

Canadian regulator approves route change request for Trans Mountain pipeline

BOE Report


The Canada Energy Regulator (CER) approved a route change request for the Trans Mountain oil pipeline expansion on Monday, clearing a major hurdle and avoiding months of delay for the Canadian government-owned project.

Trans Mountain Corp (TMC), the …

Source: Reuters

Canada’s Trans Mountain pipe expansion to disrupt oil flow to US, boost prices

Nasdaq


CALGARY – Canada’s Trans Mountain oil pipeline expansion (TMX), which will nearly triple the flow of crude from Alberta to Canada’s Pacific Coast beginning early next year, will shake up North America’s supply by diverting barrels now mainly delivered …

Source: Reuters

Canada’s Trans Mountain oil pipeline faces hearing on route change dispute

BOE Report


Canadian regulators on Monday kicked off a two-day hearing to weigh up a controversial route change request from the Trans Mountain expansion (TMX) project that has sparked Indigenous opposition and may lead to further delays for the key …

Source: Reuters

Carbon pipeline operator Denbury considered over 28 proposals prior to ExxonMobil deal

World Oil


(Bloomberg) – Denbury Inc. held talks with more than two dozen potential buyers and rejected two offers from ExxonMobil Corp. before finally agreeing to sell itself to the Texas oil giant for $4.9 billion in stock last month.…

Source: Reuters

Canada government body guarantees up to $2.2 billion fresh loan to Trans Mountain expansion project

Investing


A Canadian government agency has guaranteed fresh commercial loans of up to C$3 billion ($2.2 billion) to the controversial Trans Mountain pipeline expansion project that has suffered repeated cost overruns.

The information disclosed by Export Development Canada (EDC) showed …

Source: Oil Price

Canadian oil producers eye big boost with trans mountain extension

Oil Price


Canadian oil sands producers are in a rush to boost production as the Trans Mountain expansion comes online, providing an additional 590,000 bpd in capacity. Bloomberg reports that Canadian Natural Resources and Cenovus are among the producers planning …

Source: Reuters

US Supreme Court removes obstacle to Mountain Valley Pipeline

Nasdaq


WASHINGTON – The U.S. Supreme Court on Thursday removed an obstacle to completing the long-delayed Mountain Valley Pipeline, dealing a blow to environmental groups opposed to the West Virginia-to-Virginia pipeline led by energy company Equitrans Midstream ETRN.N.

The …

Source: Reuters

TC Energy agrees to sell 40% of U.S. natural gas pipelines for $3.9 billion

Oil Price


TC Energy has agreed to sell 40% of the Columbia Gas and Columbia Gulf pipelines in the U.S. for US$3.9 billion (C$5.2 billion) in cash, the Canada-based pipeline giant said on Monday. Columbia Gas and Columbia Gulf will …

Source: Reuters

Argentina launches gas pipeline from Vaca Muerta shale play

Oil Price


Argentina inaugurated on Sunday a natural gas pipeline from the Vaca Muerta shale to a town in the Buenos Aires province, as part of its efforts to become energy independent and stop paying billions of dollars for LNG …

Source: Reuters

US Mountain Valley natgas pipe moving forward, capacity may be limited

Nasdaq


The $6.6 billion Mountain Valley natural gas pipeline from West Virginia to Virginia is on track to get final permits by Saturday, moving the long-delayed project closer to re-starting construction. Some analysts, however, said that even when the pipe …

Source: Reuters

US LNG project approvals on track for record new volumes

BOE Report


U.S. liquefied natural gas (LNG) developers are on track to approve three export projects capable of processing 5.1 billion cubic feet per day (bcfd) of gas in the first half of the year, a record volume for new …

Source: Reuters

Enbridge ordered to close oil pipeline on Wisconsin tribal land

Oil Price


A U.S. District judge has ordered Canadian pipeline giant Enbridge to close within three years parts of the Line 5 oil pipeline crossing tribal land in Wisconsin and to pay around $5 million for trespassing.

The Bad River …

Source: Reuters

U.S. pipeline giant: Energy transition will need more natural gas infrastructure

Oil Price


U.S. natural gas infrastructure will have to expand so that gas can serve as a backup power generation fuel amid soaring wind and solar capacity in the energy transition, says the chief executive of the pipeline giant handling …

Source: Oil Price

Canada guarantees loans for Trans Mountain Pipeline expansion

Oil Price


Canada’s federal government has guaranteed loans of $2.23 billion (C$3 billion) to the corporation building the Trans Mountain expansion project to triple the capacity of oil flows from Alberta to the Canadian Pacific Coast.

 

 

The Trans …

Source: Reuters

Canada natgas exports to US back at levels seen before Alberta wildfires

Nasdaq


Canadian natural gas exports to the U.S. this week returned to levels seen before wildfires in Alberta and other western provinces over the past three weeks forced producers to shut oil and gas wells and cut the amount of …

Source: Reuters

Energy Transfer slams US denial of LNG extension, seeks rehearing

Yahoo Finance


HOUSTON – Pipeline operator Energy Transfer slammed the U.S. Department of Energy’s denial of an export-permit extension to its Louisiana liquefied natural gas (LNG) export project in a DOE filing, seeking a rehearing.

 

The DOE had denied …