US pipeline news

WhiteWater has reached a final investment decision to move forward with the construction of the Pelican Pipeline after having secured sufficient firm transportation agreements with shippers.

ONEOK, Inc. has announced the successful completion of its acquisition of Medallion Midstream from Global Infrastructure Partners, for a total cash consideration of approximately US$2.6 billion.

US imports of crude oil from Canada reached a record of 4.3 million bpd in July 2024 following the expansion of Canada’s Trans Mountain pipeline.

Provider of AI-enhanced pipeline monitoring and leak detection technology, PipeSense, has announced the successful installation of three of its advanced systems across the US.

1PointFive and Enterprise Products Partners has announced an agreement for the development of a CO2 transportation network to support the Bluebonnet Sequestration Hub that 1PointFive is developing in southeast Texas.

Private equity firm Blackstone is in advanced talks to acquire minority stakes in the interstate natural gas pipelines owned by EQT Corp for about US$3.5 billion, says Reuters.

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.

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.

Read MMLP’s response to opposition of its planned takeover by Martin Resource Management Corp.

In total, this round of funding will support 60 modernisation projects for natural gas pipelines across 20 states.