A trio of companies hope to build a 730-mile-long crude oil and condensate pipeline from West Texas to Corpus Christi. The so-called Epic pipeline would have a maximum capacity of 440,000 barrels per day of crude oil and condensates, a form of ultralight crude oil. The pipeline would take crude from points in Orla, Pecos, Crane and Midland in West Texas
Continue Reading ?The Canadian pipeline company Enbridge said that it close its acquisition of Houston-based Spectra Energy next week after clearing all regulatory hurdles. Enbridge said it received approval of Canadian Competition Bureau and will complete the $28 billion merger Monday. The merger was earlier approved the Federal Trade Commission in the United States. In the merged company, Enbridge Chief Executive Al Monaco will remain in the CEO role, while Spectra CEO will become chairman of the new Enbridge. ...
Continue Reading ?Dallas-based Energy Transfer Partners completed a $2 billion sale of stakes in the controversial Dakota Access Pipeline, which restarted construction this week after receiving regulatory approval from the U.S. Army Corps of Engineers. Energy Transfer sold a 36.8 stake in the roughly $4 billion pipeline project to affiliates of Calgary-based Enbridge and Ohio-based Marathon Petroleum. That includes 27.6 percent to Enbridge and 9.2 percent to Marathon. The deal reduces Energy Transfer ownership to a controlling 38.25 percent, while ...
Continue Reading ?Plains All American Pipeline and Noble Midstream Partners have formed a 50/50 joint venture (JV) to acquire Advantage Pipeline which owns a 70-mile, 16-inch crude oil pipeline located in the southern Delaware Basin. The JV will acquire Advantage for $133 million. The acquisition is subject to regulatory approvals. The Advantage Pipeline has a capacity of 150,000 barrels per day originating in eastern Reeves County, Texas running through Pecos and Ward Counties, to Crane County, Texas. The Advantage Pipeline ...
Continue Reading ?Iran will begin exporting natural gas through a pipeline to Oman by 2020 after re-routing subsea path to avoid waters controlled by United Arab Emirates, Iranian officials said. The Persian country is looking to establish LNG supply routes to Europe and Asia through Oman as it races towards re-building and developing infrastructure for its huge oil and gas reserves after years of trade sanctions were lifted a year ago. Oman and Iran agreed on a 25-year gas supply ...
Continue Reading ?Pakistan will begin working this month on the protracted $10 billion Tapi gas pipeline project stretching over four Asian countries as the operating consortium awarded the project management consultant (PMC) contract to German firm ILF. The consultant is ready to conduct route survey, detailed engineering and feasibility study this month for the Turkmenistan-Afghanistan-Pakistan-India (Tapi) gas pipeline, Pakistani newspapers reported.
Continue Reading ?President Donald Trump will sign orders Tuesday to advance the construction of the Keystone XL and Dakota Access oil pipelines, a pair of projects that were blocked by the Obama administration due in part to environmental concerns. Trump is to sign the orders Tuesday, according to a person with knowledge of the decision. The move is expected to be cheered by Republicans and some union groups who backed the projects. Former President Barack Obama stopped the proposed Keystone ...
Continue Reading ?