Phillips 66 will send two crude oil rail facilities and pipeline assets to its midstream master limited partnership in a $340 million deal, the companies announced today. More »
As the country heads toward winter, an analysis by Federal Energy Regulatory Commission warned that infrastructure constraints in New England could send the region’s natural gas prices soaring from recent lows to among the highest in the world for a second year. More »
Building an oil line from North Bay, Ontario, to Ottawa instead of altering the existing one would cost at least $1 billion more and put Energy East in jeopardy, the company says. More »
Tesoro Logistics LP agreed to buy QEP Resources natural-gas gathering and processing business for $2.5 billion in cash to expand in the Rocky Mountain region and North Dakota. More »
The deal will be one of the first joint ventures between energy companies in the United States and Mexico following the latter country’s reform efforts encouraging foreign investment. More »
Kinder Morgan has closed a solicitation period for shipping contracts along its South System Flexibility Project with a commitment from the natural gas arm of Petróleos Mexicanos. More »
Crude extracted from the largest U.S. oil field weakened against the U.S. benchmark after producers lost access to Midwest markets when a 4,000-barrel spill in Louisiana forced the shutdown of a key pipeline. More »