Weather-induced power outages hit Enbridge Mainline system and TransCanada’s Keystone pipeline.
U.S. President Donald Trump on Dec. 5 called on OPEC and its allies not to cut oil production next year, saying it would trigger higher oil prices worldwide.
U.S. Energy Secretary Rick Perry said on Dec. 4 he would soon visit Qatar and Saudi Arabia, a trip expected to occur after this week’s meeting of OPEC.
Enbridge agreed to sell its Enbridge Gas New Brunswick business, which analysts said will add dry powder to the Calgary, Alberta-based company’s balance sheet.
Portfolio adjustments, not a backlash against U.S. gas, are the motivation.
Several oil companies in Canada pushed back on Dec. 3 against Alberta's mandated cuts in crude production, warning about excessive government intervention even as the discount on Canadian crudes narrowed sharply on the curtailment plan.
Second vessel to visit Corpus could be the first to load an LNG cargo there.
Bakken crude differentials firmed on Dec. 3 to the strongest level in a month, moving alongside rising Canadian prices after Alberta officials mandated oil-production cuts over the weekend, traders said.
Tanzanian President John Magufuli has asked his government to proceed with negotiations to set out the commercial and fiscal framework for the LNG project, said Equinor, a majority state-owned energy company formerly known as Statoil.
Canadian oil company Frontera Energy said on Dec. 3 it had stopped production at Peru’s largest oil field after a Peruvian-owned pipeline was severed last week by indigenous protesters.
OPEC and its allies are working towards a deal this week to reduce oil output, sources say, adding that Russia's resistance to a major cut was so far the main stumbling block.
The Equitrans Midstream simplification transactions, which follow a recent wave of MLP consolidation, are expected to address the company’s IDR overhang, says CEO.