1Q21, Ritchie Bros. has driven website traffic up 47% year over year while bidder registrations are up 49%.
Ritchie Bros. sees unprecedented activity at its online auctions
Magellan Midstream Divests its Independent Terminals for $435M
Magellan Midstream Partners (MMP) inked a deal to sell its independent terminals network to Buckeye Partners for $435 million.
TC Energy formally terminates Keystone XL Pipeline project
TC Energy formally pulled the plug on the Keystone XL Pipeline project June 9 after it was placed on life support in January when President Joe Biden revoked the necessary permitting as promised on his first day in the White House.
Oil futures pare gains as EIA reports a drop in U.S. crude supplies, but gasoline stockpiles climb
The Energy Information Administration reported on Wednesday that U.S. crude inventories fell by 5.2 million barrels for the week ended June 4.
Canada’s oil sands producers announce alliance to achieve net zero greenhouse gas emissions
Oil Sands Pathways to Net Zero initiative working collectively with the federal and Alberta governments, is to achieve net zero greenhouse gas (GHG) emissions from oil sands operations by 2050
Linde SWEENY SMR Project Update
Last week Linde Sweeny SMR project had a “Construct” permit approved. This is an indicator of activity at the project location.
BP CEO sees strong oil demand recovery
Speaking with Bloomberg News in St Petersburg, Russia, BP’s CEO said that there is much evidence to suggest that demand will be strong, and the shale seems to be remaining disciplined.
New pipelines connect West Texas natural gas-producing areas to demand markets
Recently completed pipeline projects in Texas and Mexico have increased natural gas transportation capacity from the Waha Hub—located near Permian Basin production activities in West Texas—to the U.S. Gulf Coast and Mexico.
Port Arthur Terminal Project Update
Scheduled for completion in the second quarter of 2021, the Port Arthur Terminal represents a capital
investment of more than $130
Brookfield tops bid for Inter Pipeline, setting off war with Pembina
Brookfield Infrastructure Partners’ willingness to fight a bidding war for hostile acquisition target Inter Pipeline Ltd. surprised midstream investors as share prices of the target company jumped.