Category Archives: Industry News

TransCanada announces termination of Energy East Pipeline and Eastern Mainline Projects

TransCanada Corporation (TSX, NYSE: TRP) (TransCanada) announced today it will no longer be proceeding with its proposed Energy East Pipeline and Eastern Mainline projects. Following is a statement from TransCanada President and Chief Executive Officer Russ Girling: After careful review of changed circumstances, we will be informing the National Energy…

OPEC cuts while U.S. shale booms: The effects on oil’s supply chain​

By: IBISWorld Procurement Research Analyst, Roshan Sathyanarayana The price of crude oil has been falling in recent years, going from over $100 per barrel in 2014 to hovering around $50 per barrel in 2017. In light of declining oil prices, the Organization of the Petroleum Exporting Countries (OPEC) has spent much of…

Inter Pipeline announces second quarter 2017 financial and operating results

Inter Pipeline Ltd. announced the financial and operating results for the three and six month periods ended June 30, 2017. Second Quarter Highlights Funds from operations (FFO) totalled $207 million, a 5 per cent increase over second quarter 2016 Generated net income for the quarter of $102 million Declared cash…

DOE to Invest $20 Million in New Oil and Gas Research Projects

The U.S. Department of Energy (DOE) today announced the availability of $20 million for cost-shared oil and gas research projects to increase recovery efficiency from unconventional oil and gas wells and to prevent offshore spills and leaks.  This new funding opportunity seeks projects that will advance DOE’s objective to support a more…

Cenovus plans to grow free funds flow 14% a year through 2021

Company targets $4 billion to $5 billion in asset sale agreements by year end Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) today put forward a five-year plan that the company expects will generate 14% annualized free funds flow growth through 2021 at a West Texas Intermediate (WTI) price of US$55 per barrel…

Oil & Gas Pipeline Leak and Theft Detection Technologies Market to Cross $2 Billion by 2022

Surging demand for oil & gas and expanding pipeline infrastructure to propel demand for oil & gas pipeline leak and theft detection systems in North America through 2022 According to a recently published TechSci Research report, “North America Oil & Gas Pipeline Leak and Theft Detection Market By Onshore Vs….