LANSING, Mich. – An unnecessary and premature shutdown of the Line 5 pipeline risks at least 33,000 jobs and a minimum of $20.8 billion in economic losses to consumers in Michigan, Ohio, Indiana and Pennsylvania, an independent third-party analysis requested by Consumer Energy Alliance (CEA) […]
The Colonial Pipeline carries 2.5 million barrels a day – 45% of the East Coast’s supply of diesel, gasoline and jet fuel. It was completely knocked offline by a cyber-criminal gang on Friday and is […]
Michigan Governor Gretchen Whitmer is less than 10 days away from implementing a momentous decision to shut down a 68-year-old, underwater pipeline that her administration and many of her constituents consider an environmental hazard and […]
Months after President Joe Biden snubbed Canadian officials by canceling Keystone XL, an impending showdown over a second crude oil pipeline threatens to further strain ties between the two neighbors that were frayed during the […]
Kinder Morgan Inc (KMI). While extreme conditions hobbled rivals, the company’s intrastate gas pipelines and storage network kept running. The result was a $1 billion windfall, which nearly doubled Q1 distributable cash flow to $1.02 per […]
CALGARY – Inter Pipeline Ltd. says it has signed take-or-pay contracts covering about 60 per cent of production from the Heartland Petrochemical Complex it’s building northeast of Edmonton as it continues to fight off a hostile takeover […]
By Devika Krishna Kumar NEW YORK (Reuters) -Nearly half of all oil pipelines from the Permian basin, the biggest U.S. oilfield, are expected to be empty by the end of the year, analysts and executives said. […]
Uganda, Tanzania and oil firms Total and CNOOC on Sunday signed agreements that will kickstart the construction of a $3.5 billion crude pipeline to help ship crude from fields in western Uganda to international markets. […]
An Abu Dhabi sovereign wealth fund may join a group investing in Saudi Aramco’s oil pipelines, in a deal set to be backed by a loan of around $10.5 billion. Mubadala Investment Co., a fund […]
Pipeline giant Kinder Morgan Inc. plans to expand its carbon-capture business, joining the ranks of major oil and gas companies capitalizing on clean energy investing. Fueled by a push to eliminate greenhouse gas emissions, carbon capture and […]
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