Federal And Provincial Government Assistance For Canada’s Oil And Natural Gas Industry
On April 17, 2020, the federal government announced financial relief measures for Canada’s oil and natural gas industry, which has been suffering due to reduced demand brought about by the COVID-19 pandemic and the associated drop in oil prices. The new relief falls across three categories. 1)Assistance to abandon and reclaim orphaned and inactive well sites in western Canada. 2)Financial support to oil and natural gas industry participants whose liquidity has been affected by the pandemic. 3)Initiatives to curb greenhouse gas emissions with a focus on methane emission reduction. The federal government expects that its actions will retain and create approximately 10,000 jobs. Limited details are available about the federal programs and the extent to which they will require federal and provincial coordination. However. For more on this story visit Mondaq.com or click https://bit.ly/2WaPWZc
U.S. Nat Gas Pipeline Flows Reversed After Enbridge TETCO Ohio Pipe Blast
Enbridge Inc reversed the direction of natural gas flows on its Texas Eastern (TETCO) pipeline in Ohio after an explosion on one of its lines there on Monday, according to financial data provider Refinitiv. Before the blast, which injured two people and damaged three homes, gas was flowing south through the damaged section of pipe from the Marcellus and Utica shale in Pennsylvania, Ohio and West Virginia toward the Gulf Coast, according to Refinitiv and gas traders. After the explosion, however, small amounts of gas started moving north from the Gulf Coast on southern sections of the pipe. This would allow the pipeline to serve customers in states like Tennessee and Kentucky who stopped receiving gas after the explosion. Enbridge said it isolated two other gas pipes near the damaged 30-inch line near Summerfield in Noble County in southeast Ohio so crews can safely investigate the integrity of those two lines prior to returning them to service. For more on this story visit reuters.com or click https://reut.rs/35DS8f2
