Energy Transfer LP said on Wednesday it would buy Enable Midstream Partners to strengthen its natural gas transportation business as it faces a legal battle that could shut its Dakota Access crude pipeline.
Energy Transfer LP said on Wednesday it would buy Enable Midstream Partners to strengthen its natural gas transportation business as it faces a legal battle that could shut its Dakota Access crude pipeline.
Spain is in talks with sovereign wealth funds from several Gulf countries on them co-investing in projects financed by European aid in order to leverage the initial investment, Spanish Foreign Minister Arancha Gonzalez Laya said on Wednesday.
A deep freeze continued to wreak havoc on the U.S. energy sector, bringing operations to a halt at the Houston Ship channel, while some of the biggest oil refineries remained offline in the nation's largest crude-producing state.
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(Corrects currency to U.S. dollars from Canadian dollars in headline, value of capital cost estimate in paragraph 5)
Feb 12 (Reuters) - Enbridge Inc on Friday forecast higher costs for its long-contested pipeline replacement project, citing regulatory and permitting delays, winter construction and COVID-19 protocols, among other reasons.
Line 3, built in the 1960s, ships crude from a Canadian oil hub in Edmonton, Alberta, to U.S. Midwest refiners, and carries less oil than it was designed for because of age and corrosion. Replacing the pipeline would allow Enbridge to roughly double its capacity to 760,000 barrels per day.
While the Canadian portion is complete, Enbridge has run into repeated obstacles in Minnesota, where reviews have lasted for about five years.