** S&P 500 Energy index rises >2 pct as oil pricesclimb after Libya suspended crude exports from two key ports andpower outage in Canada drains supply** SPNY has pared gains, recently up just ~1 pct, but stillbest performer among the 11 major S&P 500 sectors earlyTues; 29 of 31 SPNY components trading higher** U.S. light crude oil Futures jumped ~2 pct to$75.27, highest since Nov 2014, though have since turnednegative on the session, down 1 pct; Brent last up 0.2pct at … [Read more...]
U.S. crude-by-rail shipments fell by 27,000 bpd in April-EIA
U.S. shipments of crude oil via rail in April fell by 27,000 barrels per day (bpd) from the previous month to 408,000 bpd,according to data released Friday by the U.S. Energy Information Administration. Shipments within the United States in April fell by 80,000 barrels per day (bpd) from the previous month to 250,000 bpd,while shipments from Canada to the United states rose by 53,000 barrels per day (bpd) from the previous month to 157,000 bpd.Summary Feb-18 … [Read more...]
U.S. oil drillers cut rigs for 2nd week in a row
(Reuters) - U.S. energy companies this week cut oil rigs for a second straight week, and notched the first monthly fall since March. Drillers cut four oil rigs in the week to June 29, bringing the total count down to 858, General Electric Co’s Baker Hughes energy services firm said in its closely followed report on Friday. That was the first time drillers cut rigs for two weeks in a row since October 2017. For the month, the rig count decreased by one, its first decline since March. For … [Read more...]
Enbridge: no plans to use own security during Line 3 construction
ST. PAUL, Minn. (Reuters) - Enbridge Inc will not hire private security during construction of its Line 3 oil pipeline as it seeks to avoid the violence that erupted between protesters and security at the Dakota Access Pipeline (DAPL), a senior Enbridge official said on Friday. “No one wants a Dakota Access situation,” said Guy Jarvis, Enbridge’s executive vice-president of liquids pipelines and major projects, in an interview. “We certainly don’t plan to be engaging our own security efforts … [Read more...]
U.S. tells ETP to restore land around Rover pipe in Ohio, Michigan
U.S. federal energy regulators have told Energy Transfer Partners LP to finish restoring the land around parts of its Rover natural gas pipeline in Ohio and Michigan before allowing the company to put more segments in service. The U.S. Federal Energy Regulatory Commission said in a filing on Thursday that its review of future in-service requests"will depend, in part, on a demonstration of Rover's commitment to satisfactory restoration of construction areas and work spaces." FERC said it … [Read more...]
Enbridge Inc: Up after Minnesota regulator approves rebuild of pipeline
** Shares of pipeline operator up 4.6 pct atC$45.90 after a Minnesota regulator approved rebuild of co'sLine 3 oil pipeline** The clearance, heavily angering environmentalists, comeswith conditions including a financial guarantee to clean up anyenvironmental damage ** The real win came with the Route Permit decision - TudorPickering analysts say on ENB receiving approval for a routeclose to its preference** Brokerage says ENB may see near-term positive upsidegiven construction timeline … [Read more...]
Tellurian to make decision on Louisiana LNG facility in 1st qtr 2019
June 28 (Reuters) - The co-founder and chairman of Tellurian Inc said on Thursday the U.S. natural gas company expects to make a final investment decision on its proposed Driftwood liquefied natural gas export facility in Louisiana in the first quarter of 2019. Charif Souki, who spoke to Reuters at the World Gas Conference in Washington, D.C., said the company expects to start producing LNG at the $30 billion project in early 2023. … [Read more...]
US gas pipeline industry wants help beating back green groups
The United States should help the natural gas industry push back against opposition by environmental groups to pipeline projects by adopting new regulations or laws that favor infrastructure, backers of the industry said at a conference this week. Suppliers in the United States, the world's biggest natural gas producer, have had a difficult time in recent years getting shipments to some regions, including fuel-hungry New England, as environmental lawsuits by states, green groups and property … [Read more...]
TransCanada urges U.S. to help gas pipelines beat green critics
The United States should help thenatural gas industry overcome environmental challenges to newpipeline projects by adjusting regulations or adopting new lawsfavoring infrastructure, an executive at TransCanada Corp said at a conference this week.Suppliers in the United States, the world's biggest naturalgas producer, have had a harder time getting shipments to marketas more environmental lawsuits by U.S. states, green groups andproperty owners have tied up pipeline construction. … [Read more...]
LNG Canada says local support has cut risk of delays, overruns
A strong stakeholder engagement program at a liquefied natural gas export plant on Canada's West Coast has helped pare the risk of delays and cost overruns for the C$40 billion project, a project executive told Reuters. LNG Canada, currently being reviewed by its joint venture partners ahead of a final investment decision, has focused hard on ensuring government, indigenous people and local communities are on board with the project, Susannah Pierce, LNG Canada's director of external … [Read more...]
- « Previous Page
- 1
- 2
- 3
- 4
- 5
- …
- 96
- Next Page »
