Latest news with #Plains
CBS News
8 hours ago
- Climate
- CBS News
Maps show heat wave forecast across much of U.S. Here's when it starts and how long it will last.
Dangerous heat wave to slam parts of the U.S. A brutal heat wave is in the forecast across the eastern United States, and it's expected to bring several days of record high temperatures at the start of the weekend and into next week. The National Weather Service has called it "the first significant heat wave this season." Temperatures are expected to soar more than 25-35 degrees above average in the Plains on Friday, CBS News meteorologist Nikki Nolan said. Potential daily record highs are also forecast for parts of the Rockies and Plains on Friday and Saturday, then temperatures well into the 90s will reach the mid-Atlantic and Northeast and linger into next week. Here's what to know about the heat wave and how to stay safe. Heat wave forecast maps "Summer has taken its time arriving in the Northeast, but it's coming in HOT," the National Weather Service wrote Wednesday in a social media post. "Triple-digit heat indices will be common through next week, with oppressive humidity." The heat index is what the actual temperature feels like when it's combined with relative humidity. These maps show daily forecast highs across the country and their departures from average temperatures. Friday's high temperatures across the U.S. CBS News Saturday's high temperatures across the U.S. CBS News Sunday's high temperatures across the U.S. CBS News Monday's high temperatures across the U.S. CBS News Tuesday's high temperatures across the U.S. CBS News How long will the heat wave last? The heat is expected to shift into the Midwest and Ohio Valley by the end of the weekend and arrive in the Northeast and mid-Atlantic on Sunday through the first half of next week. Parts of the Northeast face a "High Risk" — a greater than 60% chance — of extreme heat through the middle of next week, according to the National Weather Service. What constitutes a heat wave? A heat wave is a period of unusually hot weather that lasts more than two days, according to the National Weather Service. It often, but not always, covers a large area and exposes a large number of the population to hazardous heat, which can be extremely dangerous for vulnerable people, including children and the elderly. How to stay safe during a heat wave The simplest way to way to avoid heat-related illnesses is to stay out of the sun and avoid extended time outdoors in extreme temperatures, experts say. If strenuous outdoor activities are unavoidable, you should dress for the heat and wear lightweight, loose-fitting and light-colored clothing, the National Weather Service recommended. You should also stay hydrated by drinking plenty of water, even if you're not thirsty. It's also important to be aware of any symptoms of overheating, which include muscle cramps, unusually heavy sweating, shortness of breath, dizziness, headaches, weakness or nausea, according to the Centers for Disease Control and Prevention. If you experience these symptoms, one major sign to seek care is if the symptoms don't improve after getting into a cooler environment or hydrating, experts say. contributed to this report.
Edmonton Journal
9 hours ago
- Business
- Edmonton Journal
Varcoe: On eve of new era for Canadian energy exports, Keyera CEO welcomes Ottawa's push to fast-track major projects
Article content 'It creates the possibility, but a very clear process, which has at its heart consultation — full consultation with Indigenous peoples — to define what is a nation-building project.' At Keyera, the midstream company said its deal with Houston-owned Plains will see the firm buy the assets and strengthen 'domestic energy infrastructure and energy security . . . and (it) establishes a strong, cross-Canada NGL corridor.' The acquisition will give Keyera more size and scale, noted the company's CEO. As for the country's broader energy sector, Canada has tremendous advantages to export more products from the Pacific Coast, including shorter shipping time to get LNG, crude oil and liquefied petroleum gas (LPG) — propane and butane — to Asia than from the U.S. Gulf Coast. But the country needs regulations and policies to enable more exports. 'Hopefully, we can be more competitive in the international space as we expand our LNG and hopefully export a growing amount of crude barrels to Asian markets,' Setoguchi said. 'I'm hearing positive things from our prime minister. I hope he follows through and makes it happen.'
Globe and Mail
2 days ago
- Business
- Globe and Mail
Keyera buying Plains' Canadian natural gas liquids business for $5.15 billion
CALGARY - Keyera Corp. has signed a deal to buy Plains' Canadian natural gas liquids business, as well as select U.S. assets, for $5.15 billion in cash. The assets under the deal include 193,000 barrels per day of fractionation capacity, 23 million barrels of storage capacity and over 2,400 kilometres of pipeline infrastructure. The deal also covers gas processing operations as well as loading and logistics infrastructure, including truck and rail terminals in Canada and the U.S. Keyera chief executive Dean Setoguchi called it a highly strategic acquisition that strengthens the company's core business and accelerates growth. The energy infrastructure company says the combination will provide customers with more reliable and efficient services, and diversified market access. The deal is expected to close in the first quarter of 2026, subject to customary closing conditions. This report by The Canadian Press was first published June 18, 2025. Companies in this story: (TSX:KEY)
CBC
2 days ago
- Business
- CBC
Keyera buying Plains' Canadian natural gas liquids business for $5.15 billion
Keyera Corp. has agreed to buy the Canadian natural gas liquids business of U.S. firm Plains for $5.15 billion in cash, a deal the Calgary-based infrastructure player says will help boost this country's energy security and economic resilience. The assets under the deal include 193,000 barrels per day of "fractionation capacity," where gas and liquids are separated, as well as 23 million barrels of storage capacity and more than 2,400 kilometres of pipeline infrastructure. The deal also covers gas processing operations and loading and logistics infrastructure, including truck and rail terminals in Canada and the U.S. "This transaction enhances our ability to serve customers, capture meaningful operational efficiencies and deliver sustainable long-term value for shareholders, while also helping to reinforce Canada's position as a global energy leader," said Keyera CEO Dean Setoguchi. Subject to conditions The deal is expected to close in the first quarter of 2026, subject to customary closing conditions. Keyera's business is focused on gathering, processing, transporting and marketing natural gas and natural gas liquids, like propane and butane. Natural gas liquids, also known as condensate, can also be used to dilute thick oilsands bitumen so it can be transported via pipeline. The Plains deal, which includes infrastructure in Alberta, Saskatchewan, Manitoba and Ontario, helps Keyera create a fully connected corridor for natural gas liquids stretching from west to east. "By bringing these assets under Canadian ownership, the transaction reinforces Canada's economic resilience by strengthening domestic infrastructure and helping to unlock the full potential of Canada's energy future," Keyera said. The federal Liberal government has introduced legislation that would speed along the regulatory process for infrastructure projects deemed in the national interest, as U.S. President Donald Trump upends a once reliable cross-border trading relationship with on-again, off-again tariffs. Diversity important Canadian energy industry leaders have said the U.S. will always be a key customer for their oil and gas, but it's important to diversify to other markets and build the transportation infrastructure needed to make that happen. Last week, Keyera announced an agreement to double the volume of petroleum liquids it plans to export through a West Coast export facility being built by AltaGas Ltd. AltaGas said in February that Keyera had contracted 12,500 barrels per day of capacity to ship the gas to Asia via the Ridley Island Energy Export Facility near Prince Rupert, B.C. That is to rise to 25,000 barrels per day under 15-year tolling agreements.
Yahoo
3 days ago
- Business
- Yahoo
Keyera to acquire Plains' Canadian natural gas liquids business for $3.77bn
Keyera has entered into a definitive agreement to purchase the Canadian natural gas liquids (NGL) business of Plains All American Pipeline and Plains GP for C$5.15bn ($3.77bn) in cash. This acquisition is set to expand Keyera's presence in the NGL market by creating a NGL corridor from Western to Eastern Canada by placing all assets under Canadian ownership. Furthermore, the combined platform provides access to high-demand markets via liquefied petroleum gas export facilities on the west coast, while also connecting to significant consumption centres in Eastern Canada and the US. The assets involved in the transaction encompass NGL fractionation, storage, and rail and truck terminals across Alberta, Saskatchewan, Manitoba and Ontario. The transaction is anticipated to close in the first half of 2026, subject to customary closing conditions including regulatory approvals. Keyera president and CEO Dean Setoguchi said: 'This is a highly strategic acquisition that strengthens our core business and accelerates our growth trajectory. The assets we are acquiring are high-quality, synergistic, and strongly aligned with our operational footprint and expertise. 'This transaction enhances our ability to serve customers, capture meaningful operational efficiencies, and deliver sustainable long-term value for shareholders, while also helping to reinforce Canada's position as a global energy leader.' While Plains will divest its Canadian NGL business, it will retain a substantial portion of its assets in the US, as well as all of its crude oil assets in Canada, as part of the transaction. The company will utilise the proceeds from the transaction to undertake disciplined bolt-on mergers and acquisitions to enhance and broaden the crude oil-focused portfolio and optimise its capital structure. The restructuring and sale of the remaining Canadian crude assets are projected to result in entity-level tax payable in Canada of approximately $360m. Plains chairman and CEO Willie Chiang said: 'Today's announcement is a win-win transaction for both Plains and Keyera. Plains is exiting the Canadian NGL business at an attractive valuation while Keyera is receiving highly complementary and critical infrastructure in a strategic market. 'Successful completion of this transformative transaction advances our efficient growth strategy and establishes Plains as the premier pure play crude oil midstream entity with highly strategic assets linking North American supply to key demand centres.' "Keyera to acquire Plains' Canadian natural gas liquids business for $3.77bn" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
