Pipelines

First import of Western Canadian crude since Aug 2015 arrives: In the LOOP

The Louisiana Offshore Oil Port last week received a cargo of Western Canadian crude, the heavy sour grade Access Western Blend, which appears to be the oil terminal’s first import from that region in recent history. Marathon imported last week about 579,000 barrels of 24.1 API Access Western Ble ...

Analyst: FERC Tax Ruling Accelerated But Didn’t Trigger Slew Of Consolidations

The Federal Energy Regulatory Commission’s (FERC) tax ruling on March 15 removed certain benefits for MLPs but it is more likely that the decision merely sped up the recent consolidations of Enbridge Inc. and The Williams Cos., an analyst told Hart Energy. Michael Underhill, chief investment offi ...

BCI's Toxic Work Environment?

A little over a month ago, Barry Critchley of the National Post reported, 'They’ve treated people like dirt': Equity group layoffs at $135 billion BCIMC raise questions about morale:The BC Investment Management Corp., one of the country’s largest pension managers, has laid off “about 20” of ...

LNG Delays Worsen Permian’s Infrastructure Outlook

On April 19, Freeport LNG took some in the industry by surprise with the announcement that it would delay the projected start date for its $13 billion terminal by nine months, to September 2019 for the first train launch. The second two trains are projected to begin service in 2020. According to Pla ...

New Issue: E Split Corp., 5.25%, 5-Year

Middlefield Group has announced: on behalf of E Split Corp. (the “Company”), is pleased to announce that it has filed a preliminary prospectus in relation to an initial public offering of preferred shares and class A shares. The Company will invest in common shares of Enbridge Inc., a North Am ...

US Driven By Self-Interest In Wanting To Block Nord Stream 2: German Minister

A close ally of German Chancellor Angela Merkel issued a stark warning to the U.S. about the risks of placing “America First,” accusing Washington, D.C., of seeking to block a planned Russia-Germany gas pipeline to shore up its own exports. Economy minister Peter Altmaier defended the Nord Strea ...

CPPIB Gains 11.6% in Fiscal 2018

Benefits Canada reports, CPPIB posts 11.6% return for 2018 fiscal year:The Canada Pension Plan Investment Board posted a net annual return of 11.6 per cent as the end of its fiscal year on March 31, 2018.Adding $39.4 billion to its overall holdings, the fund now boasts $356.1 billion in assets und ...

Enbridge, Williams, Cheniere Consolidate Assets After New Tax Rules

Pipeline operators Enbridge Inc. and The Williams Cos. are consolidating their respective pipeline assets after a U.S. energy regulator proposed a tax overhaul in March that removes certain benefits for master limited partnerships. Enbridge said on May 17 it would bring its independent units and li ...

Morneau's Trans Mountain pipeline promise creates a dangerous precedent

Authors: Charles LammamHugh MacIntyre Kinder Morgan stopped all “non-essential spending” on the $7.4 billion project due to regulatory, legal and political barriers. Read more about Morneau's Trans Mountain pipeline promise creates a dangerous precedent Tags:  taxpayers trans moun ...

Apache, Noble To Anchor EPIC Crude Oil Pipeline

EPIC Midstream Holdings LP announced May 10 that it has secured strategic partnerships for the EPIC Crude Oil Pipeline, which will run side-by-side with the EPIC Natural Gas Liquids Pipeline for 730 miles from southeastern New Mexico to Corpus Christi, Texas. The EPIC pipelines are backed by capital ...