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Here are some more selected news articles for the week ending 10 April 2021. Go here for Part 1.
This is a feature at
Global Economic Intersection every Monday evening or Tueday morning.
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Bakken crude to be rerouted in every direction if DAPL shuts | S&P Global Platts - Bakken Shale crude oil volumes would ship to the west, east and even up north into Canada and back into the US again as producers and pipeline operators target alternative routes if the Dakota Access Pipeline is shuttered, even temporarily, according to industry sources. A federal court could decide as soon as April 9 whether the Bakken Shale s main crude artery is forced to close, dispersing the volumes from the four-year-old, 570,000 b/d pipeline to other existing pipelines, lightly used crude-by-rail networks, and trucking routes, and widening Bakken crude price discounts. If the Energy Transfer-operated pipeline is o
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By Reuters Staff
2 Min Read
FILE PHOTO: Pumpjacks taken out of production temporarily stand idle at a Hess site while new wells are fracked near Williston, North Dakota November 12, 2014. REUTERS/Andrew Cullen/File Photo
(Reuters) - Canada’s Enerplus Corp said it would buy some assets in North Dakota’s Williston Basin from Hess Corp for $312 million, as improved oil price expectations have buoyed mergers and acquisitions in North America.
Canada’s oil and gas sector had a record start to 2021 in terms of mergers and acquisitions as the energy sector benefits from a rebound in oil prices from the pandemic-led crash last year, and as smaller companies bet on economies of scale.
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iPolitics By iPolitics. Published on Apr 9, 2021 11:21am (Cameron Strandberg/Wikimedia Commons)
The Lead
California Gov. Gavin Newsom announced on Thursday that the state will invest $536 million in preventing wildfires. That will include more than $350 million to improve forest management and to thin out the vegetation that fuels fires. It also includes $25 million in economic stimulus for the hard-hit forestry sector.
Some experts praised Newsom for the investment, but said California’s plan must go further.
“A $500-million appropriation would be huge, and they’ll need to do substantially more than that again next year,” said Paul Mason, vice-president of policy at the Pacific Forest Trust, a non-profit land trust and think tank that promotes forest conservation. “It will need to be in the billions.”
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