News

BP will raise $486 million selling its stake in a natural-gas transportation system in the U.K. North Sea. BP owns about 36 percent of CATS and is the operator. The London-based company, shoring up its balance sheet after the Gulf of Mexico oil spill in 2010, follows Chevron Corp. and Royal Dutch Shell in selling non-drilling infrastructure to raise funds. It has offloaded more than $4 billion of assets in a $10 billion sale program planned for 2014 and ...

Greece held « constructive » talks with the head of Russian gas giant Gazprom who visited Athens last week

Iran says it has ambitious plans to extend its energy delivery network to China under Beijing’s massive « One Belt, One Road » push to boost regional connectivity. This has been announced by Iran

Another proposed crude oil pipeline is coming to northern Minnesota. Pipeline operator Enbridge Energy on Friday asked state regulators for approval to build a $2.1

The company is to sell its equity in the Central Area Transmission System (Cats) business to Antin Infrastructure Partners, which already owns a majority interest in the operation. The oil giant – the current operator of Cats – said securing the new owner will ensure a better future for the key piece of North Sea infrastructure. Cats, a combination of pipeline and processing facilities, transports and processes gas on behalf of most of the major North Sea gas ...

The Obama administration proposed spending as much as $3.5 billion to replace aging natural gas pipelines nationwide. The announcement, included in a 348-page government report examining how to upgrade a vast array of the country

TransCanada Corp , whose controversial Keystone XL pipeline project has waited more than six years for U.S. approvals, is asking the Obama administration to approve another pipeline, one that would take American crude oil into Canada. The company, Canada’s No. 2 pipeline operator, said it applied on Wednesday for a presidential permit for its planned Upland pipeline, which will carry as much as 220,000 barrels of oil per day 240 miles (386 kilometers) from Williston, North Dakota, to meet ...