Tag Archives: company/industry

Exxon, PetroChina Close to Signing Deal with Iraq

BAGHDAD (Reuters) – Iraq is close to signing a $53 billion, 30-year energy agreement with Exxon Mobil and PetroChina, Prime Minister Adel Abdul Mahdi said on Tuesday, denying any link between the mega-project and U.S. permission for Iraq to do business with Iran. The project is crucial to supplying water to oilfields in the south in order to boost pressure and keep production steady. Iraq expects to make $400 billion over the 30 years the deal will be in effect, the prime minister said. The southern mega-project involves the development of the Nahr Bin Umar […]

Company: Dakota Access pipeline could move oil in early 2017

BISMARCK, N.D. (AP) – The company building the $3.8 billion Dakota Access oil pipeline said Monday that it expects to finish construction by Dec. 1, except for a small disputed section in North Dakota, and could begin moving crude early next year if the government gives final approval. In an email to The Associated Press, Dallas-based Energy Transfer Partners said it would finish the pipeline within 120 days of getting approval for an easement beneath Lake Oahe, a Missouri River reservoir in southern North Dakota. President Barack Obama’s administration hasn’t announced whether it will support […]

North Dakota regulators eye fine against pipeline company

BISMARCK, N.D. (AP) — North Dakota regulators are proposing a fine of at least $15,000 against the company building the four-state Dakota Access pipeline. The Public Service Commission said Monday in a complaint that a subsidiary of Texas-based Energy Transfer Partners didn’t get regulators’ approval to proceed with construction after artifacts, including stone cairns, were found last month. The company diverted construction so the artifacts weren’t disturbed, a plan the State Historic Preservation Office concurred with. But the PSC says the company should have gotten clearance from regulators. Energy Transfer Partners can agree to a […]

Pipeline company may face fines

BISMARCK, N.D. (AP) — Officers in riot gear clashed again Wednesday with protesters near the Dakota Access pipeline, hitting several dozen with pepper spray as they waded through waist-deep water in an attempt to reach property owned by the pipeline’s developer. The confrontation came just hours after North Dakota regulators discussed the possibility the pipeline company could be fined for not immediately reporting that American Indian artifacts had been found along the route. Public Service Commission Chairwoman Julie Fedorchak said she was “extremely disappointed” that Texas-based Energy Transfer Partners waited 10 days before reporting last […]

Eastern Shore Natural Gas 2017 expansion project moves forward

Eastern Shore Natural Gas Company (ESNG), Chesapeake Utilities’ interstate natural gas transmission subsidiary, has finalized precedent agreements with customers for its 2017 Expansion Project that will add significant firm transportation pipeline capacity in the region. “This project is the single largest expansion in Eastern Shore Natural Gas’ long history of providing safe, clean, domestic and affordable natural gas,” said Michael P. McMasters, Chesapeake Utilities Corporation President and Chief Executive Officer. “Our company continues to invest in energy infrastructure throughout the Mid-Atlantic area. This project will increase the firm transportation deliverability to our region by approximately 25 […]

Pipeline company has no plan for new Dakota Access route

BISMARCK, N.D. (AP) — The Texas company developing the much-protested Dakota Access pipeline says it’s not aware of any plans for a new route in North Dakota. Energy Transfer Partners also says it’s confident it will get the necessary permission to finish the pipeline where the company first intended. The company issued a brief statement Wednesday after President Barack Obama said the Army Corps of Engineers is examining whether the pipeline can be rerouted due to concerns from American Indians. The pipeline would carry oil from western North Dakota some 1,200 miles through South Dakota and […]

Regulator: Pipeline company too late in reporting artifacts

BISMARCK, N.D. (AP) — A North Dakota regulator on Wednesday criticized the company developing the Dakota Access pipeline for waiting 10 days before reporting that American Indian artifacts were found last month along the route. In an Oct. 27 letter, a subsidiary of Texas-based Energy Transfer Partners notified the Public Service Commission that stone cairns and other artifacts had been found in mid-October. Consultants determined there was a “low likelihood” for buried artifacts and recommended avoiding the site. Julie Fedorchak, the PSC chairwoman, said she was disappointed regulators weren’t notified earlier. The matter was to be discussed […]