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After scrapping its own plans to construct a deepwater crude oil facility, Enbridge Inc. is set to acquire North America’s largest crude export terminal after agreeing to pay $3 billion in cash for rival Moda Midstream Operating LLC. Under an agreement with EnCap Flatrock Midstream, Enbridge on Tuesday said it would acquire full operating interest…

Canadian Prime Minister Justin Trudeau has singled out the oil and gas industry as a target for toughened pollution policing in his campaign for reelection of his Liberal government in a Sept. 20 national vote. “Let’s be realistic,” said Trudeau as he unveiled an environmental plank in the party platform at a weekend rally in…

The Biden administration said it would resume oil and gas lease sales on federal lands and waters in order to comply with a court ruling. However, the U.S. Department of the Interior (DOI) said late Monday it is simultaneously appealing the Louisiana-based court’s decision, and if it wins on appeal, it could again suspend leasing…

Dallas-based EnLink Midstream LLC expects declining flows on its Oklahoma facilities to “moderate significantly” in the near term as producer activity picks up amid improving oil and natural gas prices. COO Ben Lamb said on EnLink’s 2Q2021 earnings call that rig activity doubled on the company’s dedicated acreage in Oklahoma during the second quarter as…

Building onshore oil and gas pipelines is likely to cost 4-6% more by the end of 2022 as prices escalate for labor, raw materials and transportation, according to Rystad Energy. Materials, which account for 30-40% of a pipeline’s total cost, are projected to be 2-3% more expensive by the end of next year from current…

Drilling activity in the Permian Basin is not as robust as it was before the Covid-19 pandemic upended the oil and natural gas industry, but new and existing pipeline projects have midstream companies ready to capture any incremental growth. Plains All American Pipeline LP management said as commodity price signals increased, exploration and production (E&P)…

After climbing to $75/bbl in July, Brent crude oil prices are on track to average $72 from August through November of this year, according to updated projections published Tuesday by the Energy Information Administration (EIA). The latest Brent forecast, detailed in this month’s Short-Term Energy Outlook (STEO), suggests relatively little change in EIA’s price outlook…

Bismarck, ND-based MDU Resources Group Inc. sees growth in its infrastructure businesses building natural gas pipelines and supplying construction services and materials as the Biden administration’s omnibus infrastructure bill passed the U.S. Senate Tuesday. The Biden administration’s “infrastructure proposals will provide additional multi-year opportunities to some of our core businesses, such as surface transportation improvements,…

With Gulf of Mexico (GOM) activity accelerating, Australia’s BHP has given the green light to Shenzi North, a deepwater project it shares with Repsol SA. BHP earmarked $544 million in capital expenditures (capex) for the project. The operator took over as majority owner last year and holds a 72% stake. Repsol SA, with a 28%…