A consultant can evaluate a company’s assets to choose the best path forward without requiring a large investment during a downturn, a Sapient Global Markets director told Hart Energy.
Colorado-based Red Rock Biofuels signed a “strategic partnership” deal with investor group Flagship Ventures to raise funds for a proposed $200-million, 780-barrel-per-day, biomass-gasification/Fischer-Tropsch fuels refinery at Lakeview, Ore., the company announced.
Energy trade associations say the U.S. Environmental Protection Agency’s recent proposal for stricter air quality standards is premature and current standards have not been fully implemented.
The $600 million transaction was for natural gas gathering and processing facilities, including three cryogenic gas processing plants and a gas gathering pipeline system that Coronado owns in the Permian Basin.
The Bear Head LNG project on Nova Scotia's Strait of Canso will handle 8 million tonnes per year of LNG. According to John Godbold, project director, operations could begin by 2019.
The proposed deal concerns wages, worker fatigue and the issue of contractors. The deal might end the Feb. 1 strike at U.S. plants handling about 20% of U.S. refining capacity, Bloomberg said.
Both DCP Midstream Partners and Enterprise Products Partners will spend prudently in 2015 as they rely on their current asset base to weather the price decline.
EQT Midstream will acquire the Northern West Virginia Marcellus Gathering System belonging to its parent company, and a preferred interest in an EQT subsidiary, Reuters said.
Western Gas Partners acquired a 50% interest in the Delaware Basin joint venture gathering system from Anadarko.
The plant will use hydrogen as raw material, reducing capex, maintenance and carbon dioxide emissions significantly.
Phase II of the system is scheduled to begin operations in the first half of 2016.
The transactions will complement the company’s Cotton Valley, Haynesville and Bossier assets.