The proceeds will most likely be used on Pioneer's Permian and Eagle Ford assets, where rates-of-return are above 50% at current commodity prices, said an analyst.
The proposed US$500 million project would be the largest private investment in Portland, Oregon's history. Canada’s Pembina has distributed propane by rail in Oregon for 15 years.
Fractionator IV can handle 120,000 barrels per day. It has several long-term contracts, and it will provide off-take for Lone Star Express Pipeline, a new 533-mile, 24- and 30-inch pipeline.
The greenfield refinery is the first built in the country since 1976. The plant’s total cost is between $425 million to $435 million, and there are about 80 employees.
FLNG Liquefaction 3 LLC closed about $4.6 billion in senior and mezzanine debt financings for Freeport LNG's third train at natural gas liquefaction and LNG loading facility near Freeport, Texas.
Mitsubishi Heavy Industries Compressor International Corp. started operations at its Pearland Works facility, which will handle packaging, shipping, storage, service and maintenance of compressors and mechanical drive steam turbines.
The expansion adds 55,000 barrels per day to Peace Pipeline system, alleviating volume constraints and contribute to the fee-for-service-based cash flow stream, said Jason Wiun, vice president for conventional pipelines.
Enable Midstream Partners LP (NYSE:ENBL) announced April 21 that its first crude oil and produced water gathering system in North Dakota is fully operational.
Antero Resources Inc., Nicor Gas, North Shore Gas and Occidental Energy Marketing Inc. will transport natural gas from Rockies Express Pipeline interconnection in Illinois north on Gulf Coast Mainline system.
North Montney Mainline will initially ship about 2.4 billion cubic feet/day of natural gas. It will connect Montney Basin, other Western Canadian Sedimentary Basin supplies to new and existing markets.
The plant removes water, condensate and liquids from Scoop-area natural gas, creating transmission-quality natural gas, stabilized condensate and NGL.
Construction contracts for the plant were signed in August 2013.
The 270-mile Aegis Pipeline system will move purity ethane from Enterprise’s Mont Belvieu, Texas, liquids storage complex to petrochemical facilities in Texas and Louisiana.