The pipeline will deliver light sweet crude from the Bakken and Three Forks to Patoka, Ill. Terminals are planned for Stanley, Ramberg, Epping, Trenton, Watford City and Johnson Corner, N.D.
The largest distillation unit’s full capacity is 250,000 barrels per day, and BP did not specify when full capacity will be reached after the restart.
Natural resources contamination resulted from refineries in Bayonne and Linden, N.J., and elsewhere. Some surface water damages claims can still be pursued, said John Hoffman, acting attorney general, Reuters said.
Encana Corp. (ECA) continued to discard assets Aug. 25 with an agreement to sell its Haynesville natural gas assets in North Louisiana to a subsidiary of GeoSouthern Energy Corp. and GSO Capital Partners LP.
Encana sold 112,000 net acres of leasehold as well as 49,000 acres with mineral rights for US$850 million. The company has had a presence in the shale play for a decade. As part of the deal, Encana will also reduce its gathering and midstream commitments by US$480 million.
Encana will transfer its current and future midstream obligations on an undiscounted basis. Encana will transport and market GeoSouthern's Haynesville production on a fee-for-service basis for the next five years.
The buyer, GEP Haynesville LLC, is a joint venture formed by GeoSouthern Haynesville LP and funds managed by GSO. GeoSouthern Energy was formed in 1981 by George Bishop. The privately held E&P company is perhaps best known for its 2014 sale of Eagle Ford assets to Devon Energy Corp. (DVN) for $6 billion.
Magnum Hunter, which has struggled with weak gas prices, said in June that it expected to raise up to $700 million by selling its stake in Eureka Hunter, Reuters reported.
Denver-based Evolution was launched in July and provides greenfield and strategic acquisition solutions to operators in the Rockies, Bakken Shale, Permian Basin, Midcontinent and Appalachia.
Valero Energy Corp.'s Texas City refinery continued flaring on Aug. 20 after a power transformer suffered an outage. A portion of the refinery seemed lack power, a Reuters witness said.
Syncrude is a 326,000 barrel per day mining and upgrading project in northern Alberta, at which mined oil sands bitumen is upgraded into refinery-ready synthetic crude, Reuters said.
Saudi Arabia could pump 50 million cubic feet per day of shale gas in 2016, Reuters reported. Unconventional gas potential was appraised in the northwest, Eastern Province and Empty Quarter.
Veolia's proprietary AnoxKaldnes MBBR biological treatment and its CoLD Process advanced evaporation and crystallization technology will be used to treat completion flowback, produced water and other water byproducts.
Licenses were issued on Aug. 13 in response to Pieridae’s Oct. 24, 2014 application. Proposed Goldboro LNG facility will process the gas used in both the imports and the exports.
The system will be underpinned by a long-term fee-based contract with Ascent Resources-Utica LLC, a subsidiary of Ascent Resources LLC, which has about 280,000 net acres in Utica and Marcellus.