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Pembina Pipeline Approves $460 Million for Development of Two Midstream Projects, Canada
November 30, 2017
Pembina Pipeline has approved the development of two new capital projects, which are valued about C$590m ($459.5m) in total, in Canada. The two projects include C$270m ($210.3m) Prince Rupert liquefied petroleum gas (LPG) export terminal as well as the C$320m
Senate Votes Down Bill to Block Oil Drilling in Alaska
November 28, 2017
The Senate voted down a Democrat push Thursday to block oil drilling in the Arctic National Wildlife Refuge (ANWR) in Alaska, The Hill reported. Democratic Sen. Maria Cantwell of Washington sponsored an amendment to the Senate’s budget resolution that would
Federal Judge Allows Lawsuit Against Keystone XL to Move Forward
November 28, 2017
A federal judge decided Wednesday to allow environmentalists and activists to move forward on a lawsuit against the Keystone XL Pipeline over objections from President Donald Trump. Judge Brian Morris, an Obama-era appointee, rejected a request from the president and
Sasol to Abandon $15 Billion Gas-to-Liquids Project, Louisiana
November 28, 2017
South African firm Sasol has announced its plan to abandon its gas-to-liquids (GTL) greenfields projects including a $13bn-$15bn GTL facility in Louisiana, US, as part of its refined corporate strategy. The new strategy follows completion of Sasol’s reviews on more
U.S. Oil Prices Remain Near Two-year Highs
November 28, 2017
U.S. oil prices remained near two-year highs on Monday on the back of the ongoing closure of the Keystone pipeline connecting Canada and the United States, while expectations of extended OPEC-led supply cuts also supported markets. U.S. West Texas Intermediate
Fraser Institute Study Says Climate Change Programs Cost Billions for Paltry Results
November 28, 2017
A new study from the Fraser Institute says taxes aimed at curbing climate change and helping green energy projects produce phenomenal costs and little benefit to the environment. The Vancouver-based group examined climate change initiatives in Canada and around the
Ineos to Supply Ethane from U.S. Shale Gas to China’s SP Chemicals
November 27, 2017
Petrochemical giant Ineos has signed a long-term agreement to supply ethane produced from US shale gas to Chinese chemicals firm SP Chemicals for its industrial production. First delivery of the US ethane, which will be done through a 95,000cbm capacity
Dominion Secures Forest Service Approval for $5 Billion Atlantic Coast Pipeline
November 27, 2017
Atlantic Coast Pipeline will be 564-mile interstate transmission pipeline to transport gas from West Virginia to North Carolina, US. The $5bn pipeline will run from Harrison County through Virginia with an extension to Chesapeake, Virginia, and then south through central
Talos Energy to Merge with Stone Energy in $2.5 Billion Deal
November 27, 2017
Talos Energy has agreed to acquire Stone Energy in an all-stock transaction to create a $2.5bn worth combined offshore-focused exploration and production company. Both Talos and Stone are US-based oil and gas companies with focus on the Gulf of Mexico.
TransCanada Secures Nebraska PSC Approval for $8 Billion Keystone XL Pipeline Project
November 27, 2017
TransCanada has secured approval from the Nebraska Public Service Commission (PSC) for an alternative route for the proposed 1,897km-long Keystone XL Pipeline project through the state. Estimated to cost $8bn, the Keystone XL crude oil pipeline will have a capacity
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