SSE, a British utility, announces a $28 billion investment plan for grid infrastructure
The UK utility SSE announced on Tuesday that its power network arm SSEN Transmission will invest at least 28 billion dollars in grid infrastructure in a five-year span beginning April 2026. Britain wants to decarbonise the electricity sector in Britain by 2030. This will require an increase in renewable energy generation, and massive investments to connect these new projects to power systems.
Port of Johnstown to Receive 12 Shiploads of Wind Turbines
The Port of Johnstown will be a busy port over the next several months as vessels are delivering ENERCON turbine components for the Nation Rise Wind Farm project.The cargo represents a major business win for the Port, which completed a multi-million-dollar infrastructure project in 2016 that included several acres of laydown space to be able to accommodate this type of heavy-lift cargo.The first vessel…
DAVOS: Oil Majors Huddle in DAVOS to Mull Future
When the global oil industry held its biggest annual gathering this week in the Swiss town of Davos, it invited banking bosses and fund managers to discuss two key topics - climate change and pressure from investors.The conclusion of the discussions was worrying for those present - pressure is rising and the industry is losing a battle not to be seen as one of the world's biggest evils.The answer?
Enbridge to Put More of Ohio TEAL Natgas Pipe Into Service
Canadian energy company Enbridge Inc on Wednesday sought permission from U.S. energy regulators to put the remaining part of its Texas Eastern Appalachian Lease (TEAL) Phase 1 natural gas pipeline in Ohio into service.In a filing with the U.S. Federal Energy Regulatory Commission (FERC), Enbridge said it expects to complete work on the last part of the $200 million TEAL project by Oct.
Ontario Government Scraps Cap-and-Trade Program
The Ontario government announced it would end the province's cap-and-trade program, a policy designed to reduce greenhouse gas emissions, fulfilling one of Premier Doug Ford's election promises. The government said it would start a wind-down of all programs funded out of cap-and-trade carbon tax revenues immediately. Ford's government says it…
Enbridge's Line 5 Pipeline Shut Due to Power Outage
Enbridge's Line 5 pipeline was temporarily shut down due to a power outage at its terminal in Superior, Wisconsin, the company said in a statement on Sunday. "Out of an abundance of caution, Enbridge will be electing to leave the line down until the weather conditions improve at the Straits," the company said. The company had, on April 12, said…
Crystallex Pursues Citgo as Vens Miss Payment Deadline
Mining company Crystallex International Corp said on Thursday Venezuela failed to honor a settlement and urged a federal judge to allow it to seize control of U.S. refiner Citgo Petroleum Corp, which is owned by the country's state oil company. Canada-based Crystallex won a 2016 international arbitration award of $1.2 billion against Venezuela, which has refused to pay.
TransCanada to Sell Ontario Solar Assets
Canadian pipeline operator TransCanada Corp said on Wednesday it would sell its Ontario-based solar energy portfolio to Axium Infinity Solar LP for about C$540 million ($426 million). The portfolio comprises eight facilities with a generating capacity of 76 megawatts. TransCanada, which operates the Keystone XL pipeline, said proceeds from the sale would help fund its C$24 billion near-term capital program.
Barclays, US FERC Near Settlement of Market Manipulation Lawsuit
British bank Barclays Plc and the U.S. Federal Energy Regulatory Commission (FERC) made "substantial progress" toward a settlement of FERC's proposed $435 million fine against the bank for alleged power market manipulation, according to court documents. The Barclays penalty, if there is one, could be the biggest FERC has collected since the Energy Policy Act of 2005 significantly increased the penalties the agency can impose…
ETP: U.S. Approves Drilling Along Rover Gas Pipeline
Oil and gas pipeline company Energy Transfer Partners LP said on Tuesday it received approval from U.S. energy regulators to resume drilling along its $4.2 billion Rover pipeline project. The Rover project from Pennsylvania to Ontario is the biggest gas pipeline under construction in the United States. ETP said operations on nine locations for…
Canceled LNG Project Casts Shadow over Canada's Biggest Shale Play
Petronas' decision to cancel its Pacific NorthWest LNG project is a blow to the growth outlook for Canada's largest shale play, eliminating a potentially huge source of future gas demand. Gas from the Montney shale play in western Canada would have supplied the C$36 billion ($28.7 billion) project in northern British Columbia. The project, majority-owned by Malaysia's Petronas…
Canada Court Throws Out Permits for Seismic Testing in North
Canada's top court handed aboriginals a partial victory on Wednesday, ruling there was not adequate consultation on plans to conduct seismic testing for oil and gas in the north of the country, but dismissing a separate attempt to quash permits for changes to an Enbridge Inc pipeline. In the two separate but related decisions, the Supreme Court…
Canada: Aboriginals Adequately Consulted on Enbridge Pipeline
Canada's top court ruled on Wednesday that aboriginals were adequately consulted on changes to an Enbridge Inc oil pipeline, dismissing an attempt to quash the national energy regulator's approval of the project. The Supreme Court of Canada ruled in a unanimous decision that the Chippewas of the Thames First Nation were given early notice of hearings on changes to Enbridge's Line 9 oil pipeline…
Glencore in talks with Canadian pension fund on royalties JV-sources
Mining giant Glencore Plc is working with a Canadian pension fund to create a standalone 50:50 joint venture for its portfolio of royalty assets, two sources with knowledge with the matter said on Friday. Royalty deals give the owner the right to receive a percentage of revenue or profits from a mining operation, often in exchange for financing.
ETP: U.S. Drilling Ban Won't Delay Ohio Gasline
Completion of the Rover pipeline, the biggest natural gas pipe under construction in the United States, is not expected to be delayed by a U.S. federal order to stop new drilling to install pipe, Energy Transfer Partners LP said on Thursday. The company spilled more than 2 million gallons of drilling fluid - mostly water and clay - in Ohio wetlands in April during construction of Rover…
Spills Prompt U.S. to Stop ETP's Drill Work on Rover Pipeline
U.S. regulators on Wednesday prohibited Energy Transfer Partners (ETP) LP from new drilling to install pipe along the route of its Rover natural gas pipeline from Pennsylvania to Ontario following drilling fluid spills in a wetland area in Ohio. Concern that the ban was coming helped lift natural gas futures prices on Wednesday, traders said. The drilling ban will remain in place until the U.S.
A Great Lakes Pipeline Stirs New Protest
The growing protest movement against U.S. oil and gas pipelines has so far focused on stopping or delaying new construction, with some high-profile successes. Now, in Michigan, a broad coalition of opponents is entering a new frontier: Pushing to rip out and reroute an existing pipeline - Enbridge Inc.'s aging Line 5, which crosses the Straits of Mackinac.
New US Pipelines to Drive Natural Gas Boom as Exports Surge
U.S. energy firms are scrambling to finish a slew of pipelines that will unleash rich reserves of shale gas in Pennsylvania, West Virginia and Ohio as the nation prepares to become one of the world’s top natural gas exporters. The pipelines are expected to boost output from shale fields in the three states by giving producers access to new domestic and international markets. Those states could supply about a third of all U.S.
Shippers Take up Transcanada Offer to Move Natgas on Mainline
Shippers have taken up Transcanada Corp's new flat-toll offer to move natural gas on its Mainline pipe from western to central Canada, the company said on Monday. TransCanada's new offer for 1.5 petajoules of capacity per day on its Mainline system from western plays to southern Ontario came three months after shippers balked at the previous varied toll structure, which they saw as too high.
Alberta power company buys half-built Shell oil sands power plant
Kineticor, a small privately held power producer, has partnered with one of Canada's largest pension funds to buy a half-finished oil sands power plant in northern Alberta that was part of an abandoned Royal Dutch Shell project, the company said on Friday. Alberta-based Kineticor said it had closed the acquisition of the partially constructed 690 megawatt cogeneration plant near Peace River that was part of Shell's 80…
