Biden, Trudeau Aim to Move Past KXL Disagreement
In Biden’s first bilateral meeting with a foreign leader, the issues of climate change and China are expected to be the main topics.
Brookfield Formally Launches Hostile Bid to Buy Inter Pipeline for Nearly $6 Billion
Brookfield, which acquires and manages infrastructure assets, is offering CA$16.50 per share for Inter Pipeline, valuing the company at CA$7.08 billion (US$5.62 billion).
US Oil Producers Eye Long Road to Recovery Following Texas Winter Storm
The winter storm that gripped Texas and much of the country over the past week forced the biggest ever weather-related shutdown in the Permian Basin, cutting 2 million to 4 million bbl/d from nationwide oil output.
Inter Pipeline Launches Review after Rejecting Brookfield’s $6 Billion Bid
Inter Pipeline said on Feb. 18 it has launched a review of options, including a possible ‘corporate transaction,’ just a week after it rejected an unsolicited bid from its largest shareholder.
US Report on Nord Stream 2 will Reveal Companies Supporting Project
Sanctions are possible but may take time and depend on White House negotiations with allies and Capitol Hill.
TC Energy Declares Force Majeure on Oil Deliveries in Texas
TC Energy has declared force majeure on crude oil deliveries at destinations in Texas on its Marketlink pipeline, citing power outages caused by severe cold weather in the state.
TC Energy Profit Rises on Higher Earnings from US Gas Pipelines
TC Energy, the company behind the Keystone XL oil pipeline, had said it expects to record a large non-cash charge in its first-quarter earnings, but did not provide the size of it.
Energy Transfer to Acquire Enable Midstream in $7.2 Billion All-stock Deal
The all-equity transaction for Enable Midstream, valued at about $7.2 billion including debt, comes weeks after a U.S. appeals court dealt a blow that could shut down the Dakota Access crude pipeline operated by Energy Transfer.
US Senators Prod Biden on Nord Stream Pipeline Sanctions
Russian state gas company Gazprom is racing to finish the $11 billion Nord Stream 2 project to bring natural gas to Europe via Germany ahead of the implementation of further U.S. sanctions.
WhiteWater Midstream Acquires Waha Storage Assets from ArcLight-backed Firm
Located near the Waha hub in West Texas, the acquired assets have the capacity, when fully developed, to store approximately 10 Bcf of natural gas and include six underground storage caverns and permits for five additional caverns.