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USD Partners to Sell Rail Asset as Part of Forbearance Agreement
Midstream company USD Partners is selling a Canadian train terminal asset as part of a forbearance agreement to avoid foreclosure or default with its lenders.
Canadian Railway Companies Brace for Strike
A service disruption caused by a strike in May could delay freight deliveries of petrochemicals.
Canadian Railroad Sees Growth in 2024 as Other Transport Centers Struggle
Propane exports drove up a cargo increase at the end of 2023, contributing to a year-end bump in Canadian National Railway earnings.
Energy Transfer to Acquire Crestwood Equity Partners for $7.1 Billion
The all-equity transaction, which includes the assumption of $3 billion of Crestwood debt, adds infrastructure in the Williston and Delaware basins and also provides Energy Transfer with an entry into the Powder River Basin.
Energy Transfer Keeps Focus on Lake Charles LNG Despite Setbacks
Lake Charles LNG is facing regulatory hurdles with the Department of Energy, Energy Transfer executives said during second-quarter earnings call.
USD Partners Sells Wyoming Crude Storage, Rail Terminal
USD Partners divested a crude oil storage, blending and railcar-loading terminal in Casper, Wyoming, and plans to use the proceeds to pay down debt.
US Northeast Faces Potential Energy Shortages as Rails Start to Shut
The upper Northeast relies on rail for shipments of crude oil, natural gas and fuel products more than other regions because of a lack of pipelines.
New Fortress' US Permit to Ship LNG by Rail Could Expire Soon
Even if LNG by rail does not work, New Fortress could still transport LNG to the port by truck.
Baker Hughes, NOVATEK to Develop Lower Carbon Hydrogen Solution for LNG Trains
Baker Hughes and PAO NOVATEK have signed a cooperation agreement on Feb. 1 aimed at reducing carbon emissions from natural gas and LNG production.
Trump Issues Permit for Railway Connecting Canada’s Oil Sands to Alaska Ports
U.S. President Donald Trump has issued a presidential permit for a private-sector proposal to build a railway from Canada’s oil sands to ports in Alaska, a project that still faces numerous hurdles.