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The bigger payouts stand in stark contrast to cuts and freezes announced by other pipeline operators amid last year’s collapse in oil and natural gas prices.
Suncor has said it may walk away from the $3.1 billion bid if Canadian Oil Sands shareholders turn it down.
Libya, with Africa’s largest oil reserves, pumped about 1.6 million barrels a day of crude before the 2011 rebellion that ended Muammar Qaddafi’s 42-year rule.
The Saudi government and Bahrain gave Iranian ambassadors 48 hours to leave after protesters set the Saudi embassy in Tehran on fire over the weekend following the execution of Saudi cleric Nimr al-Nimr.
Cheniere Energy is receiving about 50 million cubic feet of the fuel a day, chilling it into LNG at the Sabine Pass terminal and storing it in tanks before the first export, says an ING Capital official.
The flooding is the worst since May 2011, when rising water on the Mississippi and its tributaries deluged cities, slowed barge traffic and threatened refinery and chemical operations.
Oil is poised for its biggest two-year loss on record in New York as an expansion in U.S. crude stockpiles and rising production from Russia and the Organization of Petroleum Exporting Countries exacerbate a global glut.
Helping explain the capacity decline is faltering demand for steel pipes and drill bits used in the energy industry after the price of oil plunged 66 percent in the past 18 months.
The North American shale and oil-sands plays have been bludgeoned by OPEC’s policy change.
Tanker analysts are predicting the rate boom will persist for many of the same reasons oil forecasters are bearish.