trending Market Intelligence /marketintelligence/en/news-insights/trending/A0RdehsIQDuKq_YSd29UPg2 content esgSubNav
In This List

PHMSA orders Texas Eastern shutdown after Pa. blast; TransCanada refiling Columbia Pipeline merger papers


Despite turmoil, project finance remains keen on offshore wind

Case Study

An Energy Company Assesses Datacenter Demand for Renewable Energy


Japan M&A By the Numbers: Q4 2023


See the Big Picture: Energy Transition in 2024

PHMSA orders Texas Eastern shutdown after Pa. blast; TransCanada refiling Columbia Pipeline merger papers

TheU.S. Pipeline and Hazardous Materials Safety Administration has issued acorrective action order to SpectraEnergy Corp in response to the April 29 pipelineexplosion.

Theorder directed Spectra to leave the exploded pipe — Line 27 — and three otherlines operating in its vicinity shut down until the incident and the conditionsof the pipelines are more thoroughly investigated.

has withdrawnthe pre-merger notification for its planned acquisition of and willfile new documents with the U.S. Federal Trade Commission on May 6.

Thenew application will replace an April 4 filing and will trigger a new 30-dayreview period by the FTC, the company said in a May 4 statement. TransCanada islooking to buyColumbia for approximately $13 billion, including debt, to expand itstransportation of natural gas from the Utica and Marcellus shales.

Environmentalactivists in the Southwest are stepping up their efforts to prevent oil and gasdrilling on federal lands, going to court against U.S. Bureau of LandManagement activities.

Thelawsuit, filed by a number of groups, including the Western Environmental LawCenter, seeks to block the BLM from allowing hydraulic fracturing on more than20,000 acres of land already auctioned off in New Mexico's Santa Fe NationalForest.

TheU.S. Pipeline and Hazardous Materials Safety Administration on May 5 extendedthe comment period for its proposedgas transmission rulemaking.

Multiplestakeholders —including the National Association of Regulatory Utility Commissioners, severalpipeline operators and the National Association of Pipeline SafetyRepresentatives — had requested extensions for commenting on the roughly550-page regulation proposal.

and have reachedan agreement with all parties in the companies' New Jersey merger proceeding,putting the dealon track to close in the second half of 2016.

Themerger is expected to close following New Jersey Board of Public Utilities andIllinois Commerce Commission approval of the settlements reached in thoserespective jurisdictions, according to a May 5 news release.

TransCanadaCorp. has received all 10 of the required pipeline and facilities permits forits Coastal GasLink pipelineproject, clearing it for construction and operation.

Thecompany on May 5 said the B.C. Oil and Gas Commission has granted the last twoof the permits for the C$4.8 billion project. Of the 10 permits, eight are forpipeline construction and two are for pipeline related facilities, whichinclude a natural gas compressor station and meter station in Groundbirch,B.C., and a natural gas metering station in Kitimat, B.C.

is seeking athree-year extension of its permit to build the Northern Gateway pipelinelinking Canada's oil sands region with a deep-water port on the northern coastof British Columbia.

Thepermit to build the system, issued by the National Energy Board in 2013,carried more than 200 conditionsand included a requirement for the Calgary, Alberta-based company to have theproject underway by the end of 2016. Enbridge said it has the support of 31Aboriginal equity partners in its quest to have the deadline stretched for thetwo-pipe conduit, which would carry tar-like bitumen to the coast and returndiluent used to thin the heavy oil to Alberta. On its website, Enbridgeestimates the project will cost C$6.5 billion.