Oil Sands

Oil Mixed with WTI Rising Due to Canadian Pipeline Issues

Oil prices were mixed Tuesday, with the U.S. benchmark gaining ground on its global counterpart thanks to Canadian pipeline problems. West Texas Intermediate futures for April delivery CLJ8, +0.10%  rose 53 cents, or 0.9%, to $62.08 a barrel. Brent crude LCOJ8, -0.84% the global benchmark, lost 8 c ...

NuStar, Other Energy Partnerships Simplify Business Models To Spur Growth

Some publicly traded U.S. energy pipeline and oil-storage partnerships are restructuring into simpler business models to help attract new investors and spur growth. Rising oil and gas production has spawned billions of dollars of new transport, gathering and storage projects. But the companies most ...

After Gas Is Fetched, ETP's Rover Can Carry It Across Wide Swath Of US

Born during the polar vortex winter of 2013-2014, Energy Transfer Partners LP’s Rover pipeline is now 99% complete and sprawling across a vast swath of the country. “Rover has an extensive footprint in the supply zone and it’s pretty much a bullet line over to the market,” Beth Hickey, Energ ...

ExxonMobil Acquires Stake In BTC Oil Pipeline

ExxonMobil Corp. (NYSE: XOM) has acquired 2.5% stake in the Azeri Baku-Tbilisi-Ceyhan (BTC) pipeline from CIECO, a subsidary of Itochu, an ExxonMobil official said Feb. 19. "ExxonMobil became an owner of 2.5% stake in the BTC project in November 2017," Aygun Tanriverdiyeva, an ExxonMobil official in ...

Apollo Backs Frack Sand Logistics Provider Tidewater With Capital Investment

Certain funds managed by affiliates of Apollo Global Management LLC (NYSE: APO) have bought a majority stake in Tidewater Logistics Corp., a logistics services company focused on the frack sand market, Tidewater said Feb. 15. Tidewater Logistics said the capital investment by Apollo will fund a pipe ...

Enbridge Seeks To Double 2018 Sales Of Noncore Assets

Enbridge Inc., Canada’s biggest pipeline operator, plans to accelerate its divestment program by selling assets valued at about C$8 billion (US$6.4 billion) in 2018, more than twice its initial sale target, according to people familiar with the situation. Under pressure from both investors and rat ...

Trump Nominee For Key Post Says He Would Oppose Russia Pipeline

U.S. President Donald Trump’s nominee for a top State Department energy position said on Feb. 16 he would oppose Russia’s proposed natural gas pipeline under the Baltic Sea to Germany—the Nord Stream 2. “The United States’ position, it is my understanding, is to strongly oppose that pipeli ...

Enbridge among these TSX stocks set to see major moves Friday

The pipeline company, as well as Air Canada and Fairfax, ...

Appalachia Eyes Demand-Driven Projects

As major pipeline projects, including Rover, Mountain Valley and Atlantic Coast, move forward in their quest to unlock new markets for Appalachian natural gas, participants at the recent Marcellus-Utica Midstream Conference discussed prospects for the next round of projects likely to emerge based on ...

Low US Natgas Stocks, Pipe Delays May Hamper Exports To Mexico

Unusually low U.S. natural gas inventories and delays in new cross-border pipeline capacity could slow exports this year to Mexico, which is heavily dependent on its northern neighbor for the fuel, analysts said on Monday. Frigid temperatures led to a record withdrawal of 359 billion cubic feet (Bcf ...