Category: Pipelines

Williams bets $2.4 billion on pipeline venture Chesapeake quit

Williams Cos. (WMB), the third-largest U.S. pipeline company, is betting as much as $2.4 billion it can profit from a shale-pipeline partnership that Chesapeake Energy Corp. (CHK) exited earlier this year.  More »

Enbridge pipeline faces scallop-farmers fight

A line of yellow buoys marking the boundaries of a scallop farm outside Prince Rupert, British Columbia presents the biggest challenge Enbridge Inc. (ENB) may face in its bid to connect Canada’s oil sands to Asia.  More »

TransCanada will fight order to halt Keystone XL work

A Texas judge has ordered TransCanada to halt work temporarily on a private property where it is building part of an oil pipeline designed to carry tar sands oil from Canada to the Gulf Coast.  More »

Spectra buys Express-Platte Pipeline for $1.49 billion

Houston-based Spectra Energy has agreed to buy the Express-Platte Pipeline for $1.49 billion from Borealis, the company announced Tuesday morning.  More »

Spectra buys Express-Platte Pipeline for $1.49 billion

Spectra Energy Corp. (SE) agreed to buy the Express-Platte Pipeline System from Borealis Infrastructure, the Ontario Teachers’ Pension Plan and Kinder Morgan Energy Partners for $1.49 billion.  More »

Permian gushers squeeze Texas profit as pipes lag output

The glut of U.S. shale oil caused by too few pipelines has spread to West Texas, cutting prices and draining $1.2 billion in potential profit from producers including Concho Resources Inc. (CXO) and Occidental Petroleum Corp.  More »

Enbridge proceeding with $6.2B pipeline expansion

Enbridge Corp. says it will proceed with a $6.2 billion program to increase pipeline capacity to open North Dakota and western Canada light oil production to expanded markets.  More »

Plains pipeline company expands rail network in $500 million deal – Update

Plains All American Pipeline has agreed to buy five crude oil rail terminals, including one in the Eagle Ford shale in South Texas, from U.S. Development Group.  More »

Best-performing fund manager sees U.S. pipeline growth

Kevin McCarthy, the world’s best- performing energy fund manager in the past year, stared at the tangle of tax-exempt partnerships and corporate parents that drive the U.S. oil and gas pipeline business and kept his cool.  More »

Keystone XL’s reviews hit homestretch

A public hearing Tuesday evening in Albion, Neb., is kicking off the final phase of reviews for the controversial Keystone XL pipeline that would ferry oil sands crude from Alberta, Canada to refineries in Texas.  More »

Marathon Oil making big Eagle Ford push in 2013

Marathon Oil Corp. plans to make a big push in its Eagle Ford shale play next year with more than a third of its $5.2 billion capital budget for 2013 devoted to the South Texas operation.  More »

Tuesday hearing on new Neb. pipeline route planned

Nebraskans have another chance to let state regulators know at a public hearing what they think of a new oil pipeline route a Canadian company proposed.  More »