midstream

In the wake of Energy Transfer Enterprises’ (ETE) thus far unsuccessful takeover bid of Williams Cos., some in the industry are predicting more of the same type of activity as cheap energy spurs stronger companies to look for less sound rivals to gobble up.

Magellan Midstream Partnersand LBC Tank Terminals, LLC ("LBC") announced they formed a 50/50 limited liability company. Seabrook Logistics, to own and operate crude oil storage and pipeline infrastructure in the Houston Gulf Coast area.

The assets will include more than 700,000 bbls of new crude oil storage and other distribution infrastructure located adjacent to LBC’s existing terminal in Seabrook. In addition, the JV will build an 18-inch pipeline, which will connect the new storage to an existing third-party pipeline that will transport crude oil to a Houston-area refinery.

Oil from Canada’s oil sands is about 20% more carbon-intensive on average than crude from elsewhere.

That is the damming conclusion from a forthcoming new study by the U.S. Department of Energy’s (DOE) Argonne National Laboratory and its partners. The study looked at a wells-to-wheels analysis, which takes into account greenhouse gas emissions along the entire supply chain, from extraction to transit, refining, and finally combustion by the end user.

Escalera Resources has agreed to buy producing wells and leasehold interests from Warren Resources. The deal is expected to in mid-August.

The assets, located in the Atlantic Rim Area of the Washakie Basin, WY, are complementary to Escalera's existing holdings and consist primarily of Warren's 74% operated working interest in the Spyglass Hill Unit that Escalera already holds a 22% non-operated working interest.

TransCanada made a positive final investment decisionfrom LNG for the proposed Pacific NorthWest (PNW) LNG liquefaction and export facility in the Port Edward district of British Colombia.

“This development is a significant step forward,” said Russ Girling, TransCanada's president and chief executive officer.

The move advances the company’s $46 billion capital growth plan, which includes more than $13 billion in proposed natural gas pipeline projects in support of the emerging LNG industry on the B.C. coast.

Energy Transfer Partners has entered into long-term gas gathering, processing, and fractionation agreements with EdgeMarc Energy. To facilitate these agreements, ETP has purchased 20 miles of high-pressure pipeline from EdgeMarc and will build a new cryogenic gas processing plant, a new fractionator and additional gas gathering pipelines.

LOS ANGELES (AP) — A Texas company whose ruptured pipeline created the largest coastal oil spill in California in 25 years had assured the government that a break in the line while possible was "extremely unlikely" and state-of-the-art monitoring could quickly detect possible leaks and alert operators, documents show.

Nearly 1,200 pages of records, filed with state regulators by Plains All American Pipeline, detail a range of defenses the company established to guard against crude oil spills and, at the same time, prepare for the worst should a spill occur.

TULSA, OK – Alpha Crude Connector has has begun construction of its 400-mile Alpha Crude Connector Pipeline. The crude oil transportation pipeline serves Lea and Eddy counties in New Mexico and Culberson, Loving, Reeves and Winkler counties in Texas.

The system will have more than 100,000 bpd capacity from more than 250 lease tank batteries, other local pipeline systems, and truck terminals in the Northern Delaware Basin. Shippers will have access to several downstream pipelines and a rail terminal, providing markets at local refineries, Cushing and the U.S. Gulf Coast.

Southcross Energy Partners announced the launch of a binding open season to solicit commitments for its proposed Y-Grade pipeline. Once complete, the pipeline will allow Southcross to offer transportation services of Y-Grade from a point near Woodsboro, TX to a point near Robstown.

The pipeline will have access to the Y-Grade pipeline of Southcross’ holding company that runs from Pettus to Robstown.

MEXICO CITY (AP) — Mexico's state-run oil company and U.S.-based First Reserve are announcing a $1 billion deal to invest in the energy sector.

Petroleos Mexicanos says in a statement that the agreement covers potential projects including infrastructure, sea transport, cogeneration and processing.

First Reserve is a global private equity and energy infrastructure investment firm headquartered in Greenwich, Connecticut.

It said in a statement Tuesday that the two companies will invest in infrastructure projects throughout Mexico.

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