Category: Pipelines

Plains All American announces two new pipelines but expects painful year ahead

The announcement for the two new lines followed bearish predictions for 2015 by the Houston-based pipeline and processing company.  More »

Plains All American cuts growth forecast as prices fall

Houston-based Plains All American L.P. said it would cut its expansion capital spending from the $2.03 billion in 2014 by 9 percent to a 2015 total of $1.85 billion  More »

Spectra profit grows in fourth quarter

The pipeline and processing company’s distributable cash flow was about flat at $316 million in the final part of 2014.  More »

DCP Midstream to consolidate offices, lay off employees

Plans for the cuts and moves were in motion before oil prices began falling last year, a spokeswoman for the company said.  More »

Permitting, prices holding back new pipelines

“This may be the most difficult time ever to expand pipeline capacity,” Andrew Black, CEO of the Association of Oil Pipe Lines, told lawmakers on Tuesday.  More »

Cash-starved oil producers trade treasured pipelines for money

Bakken shale billionaire Harold Hamm and Canadian gas giant Encana Corp. are among the latest to peddle some of their most valuable assets and steadiest earners.  More »

Russian pipe maker OAO TMK laying off at Pennsylvania plants

The plants had about 750 workers combined before the layoffs and are two of 12 plants that are part of TMK IPSCO, part of the Russian firm’s American division.  More »

Senate on track to pass Keystone XL bill

After clearing a major procedural hurdle Thursday, the chamber was expected to pass the legislation authorizing Keystone XL. But the story is far from over for the legislation or the underlying TransCanada Corp. project.  More »

Enterprise Products profit slips slightly

Enterprise Products Partners L.P. said fourth-quarter net income fell slightly in 2014 compared to the same period last year.  More »

Kinder Morgan charts course for growth, despite headwinds

Energy giant Kinder Morgan said it would reach its goals by expanding its myriad businesses and continuing to bet on natural gas, which it expects to continue to drive demand for pipelines and other transportation services.  More »

Energy Transfer Partners to buy sister company in $11.2 billion deal

The purchase would bring together two companies both controlled by parent company Energy Transfer Equity, L.P. in a cash-and-stock deal.  More »

Richard Kinder to step down as CEO in June

The move had been telegraphed since December, but a time for the transition had not been set until the company announced its fourth-quarter 2014 earnings Wednesday.  More »

What to watch for in the State of the Union

As President Barack Obama delivers his penultimate State of the Union address Tuesday night, will he be the president who took aim at the oil industry’s tax breaks in 2009 or the one who celebrated natural gas just three years later?  More »

State Dept. gives agencies 2 weeks to comment on Keystone

Federal agencies have been given a Feb. 2 to provide advice on whether to move forward with the hotly debated Keystone XL pipeline.  More »

TransCanada sued again by Nebraska landowners over Keystone path

Dual complaints were filed Friday against the Calgary-based company in state courts in York and O’Neill, Nebraska, by David Domina, the lawyer whose prior effort to halt construction of the 1,179-mile conduit was defeated by a cadre of judges who ruled his clients hadn’t established their legal right to sue.  More »