Biden Announces Return to Global Climate Accord, New Curbs on US Oil Industry
U.S. President Joe Biden on Wednesday announced America's return to the international Paris Agreement to fight climate change, the centerpiece of a raft of day-one executive orders aimed at restoring U.S. leadership in combating global warming.The announcements also included…
Iran building oil pipeline to terminal outside Gulf
Iran is building a $1.8 billion oil pipeline to its port of Jask outside the mouth of the Gulf, the country's oil minister said, as part of plans to protect its exports against potential problems in the region and to boost shipments of Caspian oil.Iran has been planning since at least 2012 to set up the terminal on the Gulf of Oman…
US Energy Companies Fume over Rejected Steel Tariff Exemptions
The U.S. Commerce Department recently granted a tariff exemption to oil major Chevron for its imports of 4.5-inch Japanese steel tubes for oil exploration.But the department rejected a similar request from Borusan Mannesmann Pipe to exclude 4.5-inch steel pipes imported…
Enbridge Completes 40 pct of Line 3 Work, Tops Profit Estimates
Enbridge Inc said on Friday it had completed 40 percent of replacement work on its massive Line 3 pipeline and reported a better-than-expected quarterly profit by reining in costs.Canada's largest pipeline operator won a key approval in June to replace the 1,031-mile (1…
US Sees Little Impact from Keystone XL Pipeline's Planned Route
The Keystone XL crude oil pipeline project cleared a hurdle on Monday as the Trump administration said in a draft environmental assessment that an alternative route through Nebraska would not do major harm to water and wildlife.The State Department's assessment of a plan…
TransCanada Urges U.S. to Help Gas Pipeline Approvals
The United States should help the natural gas industry overcome environmental challenges to new pipeline projects by adjusting regulations or adopting new laws favoring infrastructure, an executive at TransCanada Corp said at a conference this week. Suppliers in the United States…
Canada Government to Give Briefing on Pipeline Expansion Aid
The Canadian government will give a 9 am ET (1300 GMT) briefing on Tuesday on how it has decided to aid a Kinder Morgan Canada Ltd crude oil pipeline project, an official said. Ottawa says it is prepared to financially backstop the planned expansion of the company's Trans Mountain pipeline, which has run into fierce opposition.
Standing Rock Sioux File Legal Challenge Against North Dakota Pipeline
A Native American tribe said on Thursday it had filed a legal challenge in a bid to block the $3.8 billion Dakota Access oil pipeline project after the company constructing it won federal permission to tunnel under the Missouri River. "This administration (of President…
Tanzania, Congo Sign Deal for Petroleum Exploration in Lake Tanganyika
Tanzania and the Democratic Republic of the Congo signed a memorandum of understanding on Tuesday for joint exploration and development of hydrocarbons in Lake Tanganyika. The lake, which straddles the border between Tanzania, Democratic Republic of Congo, Burundi and Zambia…
Big Dakota Pipeline to Upend Oil Delivery in US
It may seem odd that the opening of one pipeline crossing through four U.S. Midwest states could upend the movement of oil throughout the country, but the Dakota Access line may do just that. At the moment, crude oil moving out of North Dakota's prolific Bakken shale to "refinery row" in the U.S.
Enbridge's Request for Pipeline Permit Extension Suspended
The National Energy Board (NEB) said it suspended a review of Enbridge Inc's request to extend its permit for the proposed Northern Gateway crude oil pipeline project. Calgary-based Enbridge had filed a request with the Canadian energy regulator in May for a three-year…
TransCanada to buy Columbia Pipeline Group
TransCanada Corp, the company behind the controversial Keystone XL oil pipeline project, said it had agreed to buy U.S. natural gas pipeline operator Columbia Pipeline Group Inc in a deal valued at $13 billion. TransCanada will offer $25.50 per share in cash for each Columbia Pipeline share…
U.S., Canada to Cut Methane Emissions
The United States and Canada have agreed joint steps to fight climate change, including cutting methane emissions from the oil and gas industry and signing the Paris climate deal "as soon as feasible," the White House said on Thursday. The agreement comes ahead of an Oval…
Irving Oil Names Family Member to Senior Role
The daughter of eastern Canadian energy billionaire Arthur Irving has been hired into a senior role at the family company, Irving Oil, the company said on Thursday, in a possible hint at succession in the family business. Sarah Irving has been appointed executive vice president of the company…
Irving Oil Slams Former Top Executive Over Lawsuit
Canada's Irving Oil rejected former top executive Mike Ashar's allegation that he was underpaid millions of dollars, painting him instead as an "unsuccessful" hire who oversaw a decline in the family-owned company's worth during his five-year tenure, according to court documents filed this week.
Obama's Concerns Over 'extraordinarily dirty' Canada Oil Extraction
President Barack Obama on Friday repeated concerns that the Keystone XL crude oil pipeline project will only create "about 300" permanent jobs and poses environmental concerns. "The reason that a lot of environmentalists are concerned about it is the way that you get the…
U.S. House to Vote Friday on Keystone Pipeline Legislation
The U.S. House of Representatives plans to vote on a bill forcing approval of Keystone XL oil pipeline project on Friday, according to a congressional aide on Thursday. The legislation, which is expected to pass the Republican-led chamber, would force approval of the controversial oil pipeline.
Phillips 66 Joins Energy Transfer's Bakken Pipeline Project
Phillips 66 said on Tuesday it has formed a joint venture to help Energy Transfer Partners LP build a pipeline that will transport 450,000 barrels of North Dakota Bakken crude oil per day to the Midwest. Phillips 66 will become a 25 percent partner in the Dakota Access Pipeline project, with Energy Transfer holding the rest.
Venezuela Taps Lazard to Sell Citgo Petroleum
Venezuelan state oil company PDVSA is working with investment bank Lazard Ltd to sell its North American unit, Citgo Petroleum Corp, according to people familiar with the situation. Venezuela's Petroleum Minister Rafael Ramirez said on Aug. A potential sale would be Venezuela's biggest pullback ever from the U.S. refining market.
Study: Keystone XL pipeline vulnerable to attacks
The Keystone XL oil pipeline project would be vulnerable to attacks that could cause heavy crude to be spilled in farm regions dependent on fresh water, according to a report by NextGen Climate, a political group led by billionaire activist Tom Steyer. Attackers could…
