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 be held in a new joint venture partnership with Global Infrastructure Partners (GIP), said TC Energy, which will speed up its debt
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 imports. Argentinian President Alberto Fernández officially launched the first leg of the Néstor Kirchner gas pipeline (Gasoducto Presidente Néstor Kirchner), which runs
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 enters service, which could be as soon as the end of 2023, it would only operate at half capacity or
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 LNG projects in any year. The U.S. became the world’s largest LNG producer by installed capacity in 2022 driven by
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 Band of Lake Superior Chippewa, a Native American tribe, last month sought an immediate shutdown in court, due to erosion of the Bad River
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 one-third of U.S. gas deliveries. Natural gas will continue to be needed to prevent blackouts if weather is not
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 Mountain Expansion project has been dragging on for years and faces environmental opposition and rising construction costs. Fierce opposition in British
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 fuel flowing in pipelines. That return to normal gas flows from Canada caused U.S. gas futures to plunge about 10%
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 Energy Transfer’s request for a three-year extension of its multi-billion-dollar Lake Charles LNG project, saying the request did not meet
Yahoo Finance (Bloomberg) — Oneok Inc. agreed to buy Magellan Midstream Partners LP in a $18.8 billion cash-and-stock transaction that would create one of the largest US oil and natural gas pipeline operators. The deal will see each Magellan stakeholder receive $25 in cash and 0.667 shares of Oneok stock per unit, representing a 22% premium to closing prices on
World Oil (WO) – Tellurian Inc. announced that the U.S. Federal Energy Regulatory Commission (FERC) issued the certificate on April 21, 2023 granting authorization for Driftwood Pipeline, LLC’s Line 200 and Line 300, an approximate $1.4 billion natural gas transmission project proposed to be located in Beauregard and Calcasieu Parishes, Louisiana. The pipelines will have the ability to supply up
Nasdaq COPENHAGEN – Denmark on Thursday invited the Russian-controlled operator of the Nord Stream 2 pipeline to help salvage an unidentified object found close to the only remaining intact gas pipeline under the Baltic Sea. Three explosions last September on the Nord Stream pipelines built to deliver Russian gas to Germany have become another flashpoint in a standoff between the West
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