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I Squared Capital and other companies have reached a deal to acquire equity interests in the Matterhorn Express Pipeline from Ridgemont Equity Partners and Devon Energy Corp.
A consortium led by I Squared Capital is considering buying Matterhorn Express Pipeline in a deal that would value the Texas natural gas conduit at about $5 billion including debt, according to people familiar with the matter.
The Trump administration is fast-tracking a permit needed by Enbridge Inc. to build a disputed pipeline tunnel under the Straits of Mackinac in northern Michigan.
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Enbridge Inc. said Saturday that 60% of the 960 barrels of oil that were spilled on Nov. 11 in Wisconsin has been cleaned up and any affected soil is being removed.
Alberta’s government has been talking with domestic energy companies about building more oil export pipelines to the US to take advantage of an incoming White House administration with a friendlier attitude toward oil.
Enbridge Inc. is discussing expanding capacity on its Mainline pipeline system by late 2026, even as the company faces competition from the newly expanded Trans Mountain system running from Alberta to the Pacific Coast.