Tuesday, March 18, 2025
Pipeline owner: Shutdown would cause dire financial effects- oil and gas 360

Pipeline owner: Shutdown would cause dire financial effects

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

Exxon eyes Houston for $100B carbon capture hub- oil and gas 360

Exxon eyes Houston for $100B carbon capture hub

Houston Chronicle Exxon Mobil said it believes Houston is the “perfect place” for a giant, $100 billion project to capture carbon dioxide emissions from the city’s industrial area along the Ship Channel. The Irving oil major warned, however, that developing a so-called Houston CCS Innovation Zone — billed as the biggest carbon sequestration project in the world — would require