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The reduction in management positions, partly achieved by not replacing retiring workers, follows 185 job cuts announced by the company in June. The company said more reductions are ahead.
linton says the project has been a distraction and she doesn’t believe it’s in the best interests of “what we need to do to combat climate change.”
The Senate Commerce Committee hearing at Montana State University, Billings will examine pipeline safety inspections amid a boom in U.S. energy production that’s led to a rise in oil pipeline accidents after years of declines.
Separate analyst notes on Wednesday praised the move for CVR, saying it puts the refining company on track to potentially form its own master-limited partnership for logistics and pipelines.
If built, the about $4 billion UMTP Pipeline will bring propane, butane, natural gasoline and condensate from the natural gas liquids-rich shale of the Marcellus and Utica plays to the processing and export centers of the Gulf Coast.
Federal regulators say the pipeline company responsible for a Central California oil spill kept shoddy records on emergency training and how it would protect pristine coastline in the event of an accident.
The infusion of capital and hard assets is the latest step that Phillips 66 and Spectra have taken to support Denver-based DCP Midstream, a 50-50 joint venture between the two companies.
The deal announced Tuesday will net Chesapeake cost savings by altering its fee structure with Williams in the two natural-gas rich regions.
Holly Energy Partners said Thursday it had bought out Enbridge’s 50 percent stake in the Frontier Pipeline for an undisclosed amount.