Pipeline Transportation

Exxon Mobil is buying pipeline operator Denbury for almost $5 billion, a big bet by the oil giant on the business of transporting and storing carbon. Exxon Mobil is buying pipeline operator Denbury for almost $5 billion, a big bet by the oil giant on the business of transporting and storing carbon. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified.…

The new debt-ceiling law gave a green light to the Mountain Valley natural-gas pipeline that has been opposed by many rural property owners for years. The new debt-ceiling law gave a green light to the Mountain Valley natural-gas pipeline that has been opposed by many rural property owners for years. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified.…

The major energy deal will combine Oneok and Magellan, forming the second-largest U.S.-based pipeline company by stock-market value. The major energy deal will combine Oneok and Magellan, forming the second-largest U.S.-based pipeline company by stock-market value. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their…

U.S. production of renewable diesel hit 5 million gallons a day for the first time in January, according to recent U.S. Energy Information Administration data, continuing a two-year boom.The biofuel is a key part of federal and state government plans to mitigate climate change by cutting carbon emissions. Production has swelled since 2021. Incentives from the Environmental Protection Agency and the state of California, combined with pandemic-depressed demand for conventional fuels, motivated many energy companies to start…

Executives largely shrugged off a new 1% tax on stock buybacks as the cost of doing business. But a recently proposed 4% tax might move them to reshape their buyback strategies, some said.The proposed rate increase—which faces hurdles to passage in the divided Congress—now has executives from companies including Overstock.com Inc., Kinder Morgan Inc. and Leidos Holdings Inc. thinking about how their approach to share repurchases might change if…

The operator of the Keystone oil pipeline said it was moving to fully reactivate the system, ending a weekslong outage that pressured U.S. oil prices and complicated some Gulf Coast refiners’ operations. TC Energy Corp. TRP 0.79% said Thursday that it had completed repairs, inspection and testing on the pipeline and that the system was now operational to all delivery points. It had said last week that it had received approval from the…

The oil-and-gas industry is increasingly looking to tap the rapidly growing pool of ESG-linked financing. Not everyone is convinced by the companies’ pledges to cut emissions, which underpin the loans.Since 2021, a handful of North American fossil-fuel companies have issued sustainability-linked bonds and other instruments that are typically tied to certain environmental, social and governance metrics. For example, pipeline giant Enbridge Inc., ENB 0.35% driller…

Thousands of small factories and workshops that supply brands such as Gucci and H&M have watched their business models unravel amid the surge in natural-gas and electricity prices following Russia’s invasion of Ukraine and its decision to reduce the flow of gas to the continent. Energy costs for many textile makers have risen from about 5% of production costs to around 25%, slashing their profit margins, according to data from European textiles and apparel trade group Euratex.…

New England power producers are preparing for potential strain on the grid this winter as a surge in natural-gas demand abroad threatens to reduce supplies they need to generate electricity.New England, which relies on natural-gas imports to bridge winter supply gaps, is now competing with European countries for shipments of liquefied natural gas, following Russia’s halt of most pipeline gas to the continent. Severe cold spells in the Northeast could reduce the amount of gas available to generate electricity as more of it…

The European Union on Wednesday threatened retaliation for any further attack on Europe’s energy facilities following the incidents on the Nord Stream and Nord Stream 2 pipelines. The pipes suffered a significant pressure drop on Monday and began leaking gas into the sea. While the incidents don’t affect Europe’s gas supply because the pipelines aren’t currently in use, they have raised fears about the safety of the continent’s energy systems as governments are racing to shore up their gas supplies for the winter.…