Oil and Gas News

Two major oil companies have urged the National Energy Board in Canada to review a proposal which could see smaller refiners left without market access via Canada's Mainline pipeline system. Shell and Suncor joined MEG Energy and the Explorers and Producers Association of Canada in opposing Enbridge’s proposal to introduce long-term fixed-volume contracts on the largest pipeline system in…
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Canadian transportation and storage infrastructure firm Pembina has announced it is purchasing Kinder Morgan Canada and its US portion of the Cochin Pipeline in a $4.35 billion (€2.93 billion) deal. Kinder Morgan Canada is an energy infrastructure company which owns part of the Cochin Pipeline, a 1,810-mile multi-product pipeline which spans from Alberta to Ontario. Through the deal, Pembina…
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Brazilian petroleum company Petrobras has announced the beginning of the non-binding phase related the start of its sale of downstream assets and associated logistics in Brazil. The assets to be sold include the refineries Abreu e Lima (RNEST) in Pernambuco, Landulpho Alves (RLAM) in Bahia, Presidente Getúlio Vargas (REPAR) in Paraná, and Alberto Pasqualini (REFAP) in Rio Grande do…
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