• About
    • Which Energy Mix is this?
  • Climate News Network Archive
  • Contact
The climate news that makes a difference.
No Result
View All Result
The Energy Mix
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
SUBSCRIBE
DONATE
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
SUBSCRIBE
DONATE
No Result
View All Result
The Energy Mix
No Result
View All Result
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
  FEATURED
Renewables ‘Set to Soar’ with 440 GW of New Installations in 2023: IEA June 4, 2023
Greek Industrial Giant Announces 1.4-GW Alberta Solar Farm, Canada’s Biggest June 4, 2023
Shift to Remote Work Cuts Commutes, Frees Downtown Space for Affordable Housing June 4, 2023
2.7M Hectares Lost, Nova Scotia at Ground Zero in ‘Unprecedented’ Early Wildfire Season June 4, 2023
Is Equinor’s Bay du Nord ‘Delay’ a Cancellation in Slow Motion? June 1, 2023
Next
Prev

Fossil Production Cuts Create ‘Hellacious’ Problem for Pipeline Sector

February 24, 2016
Reading time: 1 minute

Ohikulkija/Wikimedia Commons

Ohikulkija/Wikimedia Commons

 

Hard times for fossil energy producers, a third of whom face insolvency this year, could lead to knock-on bankruptcies among “midstream” operators, as well.

Two U.S. oil and gas producers are seeking bankruptcy protection to break or reopen long-term carriage contracts they had signed with pipeline operators, Reuters reports. The move now threatens the solvency of the pipeline companies, which booked those contracts as “secure” on their own balance sheets.

  • Concise headlines. Original content. Timely news and views from a select group of opinion leaders. Special extras.
  • Everything you need, nothing you don’t.
  • The Weekender: The climate news you need.
Subscribe

Last week, auditing and consulting firm Deloitte forecast that one out of three fossil energy producers may not survive 2016. Court efforts by Sabine Oil & Gas and Quicksilver Resources to break their contracts are seen as “a litmus test for deals worth billions of dollars annually for the so-called midstream sector,” Hals writes.

If the two companies are allowed to walk away from their contracts, a flood of similar deal-breaking may follow—forcing a sharp recalculation of the financial risk for pipeline companies that have been leveraging the cash flow promises implied by those contracts to invest up to US$30 billion per year in recent years into delivery infrastructure.

“It’s a hellacious problem,” Hugh Ray, a Houston oil-industry bankruptcy lawyer, told Hals. “It will end with even more bankruptcies.”



in Climate & Society, Fossil Fuels, Jurisdictions, Legal & Regulatory, Oil & Gas, Pipelines / Rail Transport, United States

The latest climate news and analysis, direct to your inbox

Subscribe

Related Posts

sunrise windmill
International Agencies & Studies

Renewables ‘Set to Soar’ with 440 GW of New Installations in 2023: IEA

June 5, 2023
143
Pixabay
Solar

Greek Industrial Giant Announces 1.4-GW Alberta Solar Farm, Canada’s Biggest

June 4, 2023
128
Oregon Department of Transportation/flickr
Cities & Communities

Shift to Remote Work Cuts Commutes, Frees Downtown Space for Affordable Housing

June 5, 2023
83

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Trending Stories

/MaxPixels

‘Substantial Damage’, No Injuries as Freight Train Hits Wind Turbine Blade

May 25, 2022
14.6k
Natural Resources Canada

2.7M Hectares Lost, Nova Scotia at Ground Zero in ‘Unprecedented’ Early Wildfire Season

June 4, 2023
163
sunrise windmill

Renewables ‘Set to Soar’ with 440 GW of New Installations in 2023: IEA

June 5, 2023
143
Pixabay

Greek Industrial Giant Announces 1.4-GW Alberta Solar Farm, Canada’s Biggest

June 4, 2023
128
Clairewych/Pixabay

Demand Surges for Giant Heat Pumps as Europe Turns to District Heating

June 4, 2023
83
Oregon Department of Transportation/flickr

Shift to Remote Work Cuts Commutes, Frees Downtown Space for Affordable Housing

June 5, 2023
83

Recent Posts

nicolasdebraypointcom/pixabay

Factor Gender into Transportation Planning, IISD Analyst Urges Policy-Makers

June 4, 2023
37
moerschy / Pixabay

Federal Climate Plans Must Embrace Community-Driven Resilience

June 4, 2023
54
debannja/Pixabay

Austin, Texas Council Committee Backs Fossil Non-Proliferation Treaty

June 4, 2023
87
Equinor

Is Equinor’s Bay du Nord ‘Delay’ a Cancellation in Slow Motion?

June 1, 2023
877
Ottawa Renewable Energy Co-op/Facebook

‘Hinge Moment’ for Humanity Demands ‘YIMBY’ Mentality: McKibben

June 1, 2023
79
https://en.wikipedia.org/wiki/Rachel_Notley

Notley Would Have Backed Carbon Capture Subsidies, Smith Less Certain: Ex-Pipeline Exec

June 1, 2023
100
Next Post

Scientists calculate our debt to the Earth

The Energy Mix - The climate news you need

Copyright 2023 © Energy Mix Productions Inc. All rights reserved.

  • About
  • Contact
  • Privacy Policy and Copyright
  • Cookie Policy

Proudly partnering with…

scf_withtagline
No Result
View All Result
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities

Copyright 2022 © Smarter Shift Inc. and Energy Mix Productions Inc. All rights reserved.

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}