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Enbridge Announces $500MM Investment in Gulf Coast Facilities
Enbridge’s 2024 budget will go primarily towards crude export and storage, advancing plans that see continued growth in power generated by natural gas.
TC Energy, Partner Sell Portland NatGas Transmission System for $1.14B
Analysts expect TC Energy to make more divestitures as the Canadian infrastructure company looks to divest roughly $2.21 billion in assets in 2024 and lower debt.
Canadian Natural Resources Boosting Production in Oil Sands
Canadian Natural Resources will increase its quarterly dividend following record production volumes in the quarter.
Pembina Pipeline Enters Ethane-Supply Agreement, Slow Walks LNG Project
Canadian midstream company Pembina Pipeline also said it would hold off on new LNG terminal decision in a fourth quarter earnings call.
CorEnergy Infrastructure to Reorganize in Pre-packaged Bankruptcy
CorEnergy, coming off a January sale of its MoGas and Omega pipeline and gathering systems, filed for bankruptcy protect after reaching an agreement with most of its debtors.
Targa Resources Forecasts Rising Profits on 2024 Exports
Midstream company Targa Resources reports a record fourth quarter in volumes and NGL fractionation.
Equitrans Delays WV-VA Mountain Valley Natgas Pipe Again, Boosts Cost
U.S. energy firm Equitrans Midstream delayed the estimated completion of its Mountain Valley natural gas pipeline from West Virginia to Virginia to the second quarter from the first quarter due in part to adverse weather in January.
Midstream Operators See Strong NGL Performance in Q4
Export demand drives a record fourth quarter as companies including Enterprise Products Partners, MPLX and Williams look to expand in the NGL market.
FERC Approves ONEOK Pipeline Segment Connecting Permian to Mexico
ONEOK’s Saguaro Connector Pipeline will transport U.S. gas to Mexico Pacific’s Saguaro LNG project.
Enbridge Advances Expansion of Permian’s Gray Oak Pipeline
In its fourth-quarter earnings call, Enbridge also said the Mainline pipeline system tolling agreement is awaiting regulatory approval from a Canadian regulatory agency.