The Latest

Targa Resources Ups Quarterly Dividend by 50% YoY

Targa Resource’s board of directors increased the first-quarter 2024 dividend by 50% compared to the same quarter a year ago.

Canada’s First FLNG Project Gets Underway

Black & Veatch and Samsung Heavy Industries have been given notice to proceed with a floating LNG facility near Kitimat, British Columbia, Canada.

The Jones Act: An Old Law on a Voyage to Nowhere

Keeping up with the Jones Act is a burden for the energy industry, but efforts to repeal the 104-year-old law may be dead in the water.

Genesis Energy Declares Quarterly Dividend

Genesis Energy declared a quarterly distribution for the quarter ended March 31 for both common and preferred units.

Biden Administration Argues Against Enbridge Pipeline Shutdown Order

The U.S. argues that shutting down the pipeline could interrupt service and violate a 1977 treaty between the U.S. and Canada to keep oil flowing.

Exclusive: Frank Tsuru Reflects on Indigo's History, Impact in the Haynesville

Frank Tsuru, president and CEO of Momentum Midstream and former CEO of Indigo Natural Resources, looks back at the early stages of Haynesville development and the Indigo-Southwestern deal, in this Hart Energy Exclusive interview. 

Global Partners Buys Four Liquid Energy Terminals from Gulf Oil

Global Partners initially set out to buy five terminals from Gulf Oil but the purchase of a terminal in Portland was abandoned after antitrust concerns were raised by the FTC and the Maine attorney general.

Pembina Declares Series of Quarterly Dividends

Pembina Pipeline Corp’s board of directors declared quarterly dividends for series 1, 3, 5, 7, 9, 15, 17, 19, 21, 22 and 25.

US Gulf Coast Heavy Crude Oil Prices Firm as Supplies Tighten

Pushing up heavy crude prices are falling oil exports from Mexico, the potential for resumption of sanctions on Venezuelan crude, the imminent startup of a Canadian pipeline and continued output cuts by OPEC+.

Enterprise Gains Deepwater Port License for SPOT Offshore Texas

Enterprise Products Partners’ Sea Port Oil Terminal is located approximately 30 nautical miles off Brazoria County, Texas, in 115 ft of water and is capable of loading 2 MMbbl/d of crude oil.