The announcement accompanied Enterprise Product’s first quarter results for 2015.
Crude oil inventories across the U.S. posted another build last week, but the pace at which crude tanks are filling remained much slower than in weeks past. The oil markets shot up.
BP will raise $486 million selling its stake in a natural-gas transportation system in the U.K. North Sea.
Kinder said in an interview that oil and gas leaders hadn’t done enough to show how important the industry is
Kinder Morgan’s board said it would raise the dividend to 48 cents per share, up 14 percent from the prior year’s Q1 payout of 42 cents per share.
ET Rover said the lawsuits are a reluctant action taken by the company so crews can conduct civil and environmental surveys. The filings cite Michigan law allowing surveyors and those supervised by surveyors to enter onto property for the purpose of a survey.
Pipeline company Plains All American said it would pay its unitholders $0.685 in May.
TransCanada’s has said it won’t build an oil export facility in Québec as part of its Energy East pipeline project.
Mountain Valley Pipeline LLC’s lawsuit seeks access to the properties to conduct a survey for a possible pipeline route.
The U.S. Energy Information Administration said Wednesday that stocks of crude oil in commercial storage had grown to 471 .4 million barrels, the highest level seen in the last 80 years.