North America
Brookfield Stays Committed to Hostile Inter Pipeline Takeover
Brookfield Infrastructure Partners said it is committed to its C$7.1 billion ($5.65 billion) hostile takeover offer for Inter Pipeline Ltd despite the pipeline company's board turning down the bid.
Perspective: 'Blockadia' Helped Cancel the Keystone XL Pipeline
Sustained political pressure was a notable contributing factor to Biden’s decision to cancel the Keystone XL Pipeline.
Canada's Secure Energy to Buy Tervita as Oil Deals Speed Up
Canada's Secure Energy Services Inc said it would buy waste management services firm Tervita Corp in an all-stock deal valued at C$478 million ($379.5 million), the latest consolidation in the country's oil sector.
EIA Expects Crude to Average Near $50 Per Barrel Through 2022
The U.S. Energy Information Administration (EIA) expects global demand for petroleum liquids to be greater than global supply in 2021, especially during the first quarter, leading to inventory draws.
FERC Chairman Details Position on Natural Gas Pipelines
FERC Chairman Richard Glick does not want his intentions to review natural gas pipelines more thoroughly to be interpreted as him being opposed to gas pipelines altogether, he said.
Canada’s Inter Pipeline Urges Shareholders to Reject Brookfield's Hostile Bid
Inter Pipeline Ltd asked shareholders to reject Brookfield Infrastructure Partners' hostile bid, saying the offer "significantly undervalues" the Canadian oil and gas transportation company.
Corps Initiates INGAA-Opposed Permit Changes
The Army Corps of Engineers (Corps) finalized changes to wetland pipeline digging permits opposed by the INGAA.
Biden Administration Initiates Major Pipeline Leak Regulatory Reviews
Both gas transmission and distribution pipelines face new regulations from the Biden administration on leaks from both pumping station equipment and pipelines.
Senator Holds Biden's CIA Pick Over Nord Stream 2 Pipeline
Republican Senator Ted Cruz put a hold late on Friday on President Joe Biden's pick to lead the CIA to pressure the administration to put tough sanctions on Russia's Nord Stream 2 natural gas pipeline project.
Construction of Cuxtal Gas Pipeline to Boost Yucatan Economy
With his implementation of a comprehensive energy program for Yucatan, Mexican President Andres Manuel Lopez Obrador hopes to bolster the economic and social development of the state, along with the rest of southeast Mexico.
Canada Looks at All Options to Keep Line 5 Pipeline Operating
Canada will take whatever measures are needed to keep the Line 5 oil pipeline open, Natural Resources Minister Seamus O’Regan said, as the deadline for a shutdown order from the U.S. state of Michigan looms.
Duke Energy Begins Replacing Aging Gas Pipeline
Construction got underway on the 12-mile Central Corridor replacement pipeline designed to run though Hamilton County, Ohio, which is in the southeast corner of the state and contains the city of Cincinnati.
US LNG Exports: Uneven Pathway from Oilfields to Terminals
Analysts believe a second wave of global LNG demand is coming in the mid-part of this decade, despite 2020's severe downturn in global energy markets.
Canadian Natural Resources Beats Profit Estimates
Canadian Natural Resources Ltd, Canada's biggest oil producer, beat analysts' estimates for fourth-quarter profit and forecast much stronger cash flow this year, as crude prices staged a steady recovery from pandemic-driven lows.
CERAWEEK: Pipelines Needed for U.S. Natural Gas Export Demand Growth
Moving natural gas from the states where it is produced to places where it can be consumed or exported will become increasingly challenging, requiring infrastructure including pipelines.
U.S. Natural Gas Production Decreased by 1% in 2020
U.S. natural gas production — as measured by gross withdrawals — averaged 111.2 billion cubic feet per day (Bcf/d) in 2020, down 0.9 billion Bcf/d from 2019.
U.S. Climate Czar Urges Oil Industry to Hasten Transition to Renewables
U.S. climate envoy John Kerry on Tuesday urged oil and gas companies to do more to diversify and adopt low-carbon technologies to tackle climate change.
Cold Weather Leads to Near-Record Withdrawals from Underground Natural Gas Storage
Significant demand for natural gas in mid-February led to the second-largest reported withdrawal of natural gas from storage in the United States, according to the EIA's Weekly Natural Gas Storage Report.
Canada's Alberta Sees Budget Deficit Narrowing as Oil Prices Recover
The Canadian oil-producing province of Alberta estimated its 2021/22 budget deficit will shrink to C$18.2 billion ($14.5 billion), as its economy starts to recover from the damage caused by the coronavirus pandemic.
EIA: U.S. Crude Output Falls 10%, Refinery Runs Drop to 2008 Low
U.S. crude oil production dropped by more than 1 million barrels per day last week during Texas's deep freeze, equaling the largest weekly fall ever, and refining runs tumbled to levels not seen since 2008.
U.S. Trade Groups Urge Biden to Cap Natural Gas Prices After Texas Freeze
Trade groups representing U.S. public power and natural gas companies urged President Joe Biden to declare a gas emergency for last week's extreme weather and authorize the secretary of energy to cap the price of gas.
Canadian Trans Mountain Pipeline Seeks to Shield Insurers from Activist Pressure
Trans Mountain Corp, a firm that operates an oil pipeline owned by the Canadian government, has asked a regulator to keep the identities of its insurers private as activists push them to drop coverage.
An Alberta Petrochemical Complex is at the Heart of Brookfield's Inter Pipeline Bid
Inter Pipeline Ltd's ambitious petrochemical plant was meant to unlock new markets, instead it has left the Canadian company battling cost overruns and vulnerable to a hostile C$7.08 billion ($5.64 billion) takeover from Brookfield Infrastructure Partners.
Traders Supply Mexico With Emergency LNG After Power Crisis
Mexico's state-run power company resorted to LNG imports as natural gas supplies from the southern United States, especially neighboring Texas, were hit by frozen pipelines and rocketing prices caused by a cold snap.
U.S., Canada Move Past Keystone XL Toward Achieving Net Zero Emissions by 2050
U.S. President Joe Biden said that he and Canadian Prime Minister Justin Trudeau agreed to work toward achieving net zero emissions by 2050.
Historic U.S. Interior Pick Tests Senate Support for Biden on Climate
Deb Haaland, the first Native American ever picked for a U.S. cabinet post, was grilled by Republican Senators who want an Interior Secretary more welcoming of oil and gas drilling on federal lands.
Occidental Petroleum Posts Larger Quarterly Loss on Asset Sale
Occidental Petroleum Corp posted a larger-than-expected fourth-quarter loss despite higher oil and gas prices as an asset sale weighed on results.
U.S. Energy Regulator to Examine Climate Change's Threat to Power Reliability
FERC, which regulates the interstate transmission of electricity, oil and natural gas and approves fossil fuel projects such as pipelines, could play a big role in President Joe Biden's promise to make the power grid emissions-free by 2035.
Brookfield Launches Hostile Bid to Buy Canada's Inter Pipeline
Brookfield Infrastructure Partners said on Monday it formally launched its hostile bid to buy Inter Pipeline Ltd, weeks after the Canadian oil and gas transportation company rejected its unsolicited offer as inadequate.
Design and Engineering Starting for Oil Search’s Pikka Project in Alaska
Papua New Guinea-based Oil Search announced front-end engineering and design is beginning for phase 1 of its Pikka project on Alaska’s North Slope.
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
