Category: Pipelines

Enbridge reports first quarterly loss in two years on hedging

Enbridge Inc., the largest transporter of Canadian crude to the U.S., reported its first quarterly loss in two years on hedging contracts.  More »

Phillips 66 Partners strikes first acquisition deal for $700M

An energy transportation company spun out of Phillips 66 reached a deal Thursday to buy 681 miles of pipeline and two propylene storage units for $700 million.  More »

Keystone comments rushing in to State Dept.

Members of the public have filed more than 3,500 comments voicing their opinions on Keystone XL, just a week after the feds — once again — solicited input on the controversial pipeline.  More »

Spike in oil-by-rail fueled by regulatory delays, experts say

Rapidly developing oil and gas production in North Dakota, Texas and other states is outpacing the construction of new pipelines and other infrastructure to carry those fuels to market, energy experts and former government officials warned Thursday.  More »

Net income drops at Tesoro Logistics

Tesoro Logistics LP reported fourth-quarter net income of $7.4 million, or 33 cents a unit, compared with net income of $15.7 million, or 53 cents a unit, for the same period a year ago.  More »

Republicans defend Keystone XL approach

House Republicans on Thursday defended their party’s decision not to tie Keystone XL to legislation increasing the nation’s debt limit. Rep. Joe Barton, R-Texas, said he expects final presidential approval later this year.  More »

Lawmakers consider setting deadline for Obama’s Keystone XL decision

A bipartisan coalition of House and Senate members on Tuesday said they are considering an array of options to speed up a final verdict on the proposed Keystone XL pipeline, now that a State Department analysis raised no major environmental objections to the controversial project.  More »

Keystone ardor cools as oil sands producers find other routes

Producers have become less reliant on Keystone XL as new rail terminals increase their ability to ship oil on trains. And support has grown for other pipeline proposals, including a separate TransCanada project that would carry crude from Alberta to the nation’s Atlantic Coast.  More »

Proposed pipeline biggest in company history

The company says its proposed $650 million pipeline to move natural gas from western North Dakota’s booming oil patch is the biggest and most expensive project in its history.  More »

Jury convicts anti-Enbridge pipeline protesters

Three women sit in the Ingham County jail awaiting sentencing next month for trespassing and obstructing police at the site of an Enbridge Inc. oil pipeline project.  More »

Pipeline trial kicks off as if nasty divorce case

The billion-dollar legal battle among three oil and gas giants – Energy Transfer Partners, Enterprise Products and Enbridge – that went to trial last week sounds like a bitter divorce case, complete with accusations of a lovers’ triangle.  More »

Pivotal Keystone XL study seen boosting chances for approval

The State Department on Friday said the Keystone XL pipeline is unlikely to dramatically boost demand for Canada’s oil sands, delivering a verdict that angered environmentalists even as it gave President Barack Obama the evidence he needs to approve the controversial project.  More »