TransCanada reported lower earnings on its liquids pipelines, however, in part because of lower uncontracted volumes on its Keystone crude pipeline to the U.S. and Marketlink line from Cushing, Okla., to the Gulf Coast.
Chip Mitchell, president of CH2M's energy and industrial business segment, said the need for major oil and gas pipeline infrastructure remains significant throughout the U.S., Canada and Mexico. He added that CH2M is building its Houston team.
The Denver company acquired a 66.7% interest in the Okeanos pipeline, a 100-mile gas gathering system in the GoM, from an affiliate of its general partner for an undisclosed amount.
FirstEnergy Capital analyst Mike Dunn said the fixed price agreement had been made before Liwan went ahead and was key to Husky's final decision to invest in the project, Reuters reported.
The Denver-based company's acquisitions consited of incremental ownership in Delta House, which is a semisubmersible Floating Production System in the GoM. Delta House is operated by LLOG Exploration Co. LLC.
Southern Kentucky Energy said April 25 it has completed the purchase of natural gas operations, including producing wells and midstream assets, through two separate transactions.
A committee of independent directors appointed by Husky’s board to review and assess the transaction was advised by BMO Capital Markets. Osler, Hoskin & Harcourt LLP was legal adviser.
Despite being a cross-border project, Line 3 will not require a U.S. presidential permit, which ultimately scuppered TransCanada Corp's Keystone XL, because Enbridge is restoring the pipeline to its original capacity.
Project partners claim politics at their worst as another pipeline designed to bring Appalachian gas to premium markets is put into question and raises the specter of a continued high Northeast gas prices.
Natural Resources Minister Jim Carr told reporters outside the Trudeau-Notley meeting that the approval process for pipeline projects remained the same as outlined in January, Reuters said.
The resolution removes a potential hurdle but also introduces another approval process for the pipeline, which will carry 1.1 million barrels per day of crude from Alberta's oil sands to the country's Atlantic coast.
At Lake Charles, Bayou Bridge has agreed to connect to Phillips 66 Partners’ Clifton Ridge terminal and Citgo’s Lake Charles refinery.