US pipeline news
Reuters: new Permian oil pipelines unlikely to be built, say top operators
According to Reuters, a wave of consolidation in the top US shale field has concentrated output in the hands of companies that are promising to restrain output so as not to crash prices by over-producing. Pipeline firms also have embraced acquisitions over new construction.
Latin American oil finds new buyers as Canadian pipeline shifts flows
Refiners on the US Gulf Coast are increasingly turning to Latin American heavy crude as Canada’s recently expanded Trans Mountain pipeline reroutes global oil flows.
Martin Midstream Partners L.P. issues statement reaffirming commitment to pending transaction
Read MMLP’s response to opposition of its planned takeover by Martin Resource Management Corp.
Biden-Harris administration announces nearly US$200 million to replace ageing gas pipes
In total, this round of funding will support 60 modernisation projects for natural gas pipelines across 20 states.
EIA: Four new petroleum liquids pipelines have been completed in the US since 2023
The US Energy Information Administration has reported on the construction of four new petroleum liquid pipelines projects in the US since 2023.
Reuters: Texas natural gas pipeline eases bottlenecks, paves way for higher shale output
According to Reuters, the 580 mile (933 km) Matterhorn Express pipeline is the first new natural gas pipeline built in the Permian basin in three years.
Martin Midstream Partners reports 3Q24 financial results
Martin Midstream Partners LP has announced its financial results for 3Q24.
EPIC Crude completes issuance of new US$1200 million senior secured Term Loan B
As part of the transaction, the Company has entered into a new agreement for a super-priority revolving credit facility of US$125 million due 2029, undrawn at close.
A new dawn for pipeline leaks
Stuart Mitchell, President and CTO, PipeSense, highlights the importance of quickly and accurately detecting leaks to enhance pipeline performance, whilst meeting regulatory compliance.
Reuters: US court puts on hold permits for Kinder Morgan unit to build Tennessee pipeline
Reuters has reported that a US appeals court has put on hold approvals and permits necessary to allow a Kinder Morgan subsidiary to construct a 32 mile gas pipeline in Tennessee, at the urging of environmental groups.