Trump Signs Orders Advancing Keystone, Dakota Pipelines
U.S. President Donald Trump signed orders on Tuesday smoothing the path for the controversial Keystone XL and Dakota Access oil pipelines, rolling back key Obama administration environmental actions in favor of expanding energy infrastructure. While oil producers in…
Dakota Denial Dampens U.S. Pipeline Outlook
The U.S. Army's denial of an easement for the Dakota Access Pipeline, after permitting and legal obligations were followed, sets an uncertain precedent for new projects despite President-elect Donald Trump's promise to support energy infrastructure. The decision came…
Dakota Access Pipeline to be Completed Despite Protests
The company behind the Dakota Access pipeline will seek to complete the project even if protests against its construction continue, Kelcy Warren, chief executive of Energy Transfer Partners, told the PBS NewsHour television news program on Wednesday. The $3.7 billion project…
Six Williams Directors Quit after CEO Ouster Fails
Six of Williams Cos Inc's directors, including the pipeline company's chairman, resigned on Thursday after a failed attempt to oust Chief Executive Alan Armstrong, three sources familiar with the matter told Reuters. The resignations from the company's 13-member board…
ETE's CEO Heads to Court over Williams Deal
Dallas billionaire Kelcy Warren will head to court on Monday to defend against allegations his pipeline company, Energy Transfer Equity LP , has purposely tried to scuttle a proposed $20 billion deal for rival Williams Cos Inc. The two-day trial comes just days before…
Williams Files Lawsuit to save ETE Deal
The war of words between U.S. pipeline operators Williams and Energy Transfer Equity (ETE) has worsened after Williams filed a lawsuit to pressure its would-be buyer to proceed with their merger agreement. Williams has accused ETE of trying to get out of the $20 billion…
Energy Transfer CEO on Williams: 'We can't close this deal'
Energy Transfer Equity LP Chief Executive Kelcy Warren said on Thursday the pipeline company cannot complete an agreed-upon $21 billion takeover of rival Williams Cos Inc because of tax issues. "We can't close this deal," Warren said on a company conference call. Warren…
Pipe Dreams Alive for Few in US Energy Rout
An energy market rout has ravaged fortunes from Texas to North Dakota and hit thousands of small investors, but some tycoons are still coining it in thanks to a piece of financial engineering that has tilted the playing field in their favor. U.S. pipeline billionaire Kelcy Warren…
Williams Sues Energy Transfer Over Preferred Share Offering
Williams Companies Inc has sued Energy Transfer Equity LP to block a private preferred share offering disclosed last month, saying it was a breach of their merger agreement. The offering provides certain Energy Transfer investors preferential treatment on its distributions, Williams said in a statement.