Devon Energy Corp., EnLink Midstream, LLC and EnLink Midstream Partners, LP on March 7 announced the completion of the previously announced transaction to combine substantially all of Devon’s U.S. midstream assets with the assets of the former Crosstex Energy, Inc. and Crosstex Energy, L.P.
Liquefied Natural Gas Limited’s Magnolia liquefied natural gas (LNG) project in Louisiana has been authorized by the U.S. Department of Energy (DOE) to export its full 8 million tons per annum LNG production.
Although price differentials between Canadian crude and that of other markets hasn’t curtailed investment, it may be moving midstream companies toward pipelines that head out to tidewater locations instead of inland, experts say.
Osaka Gas Co. and Chubu Electric Power Co., utilities serving central and western Japan, will invest $600 million each for half the equity of the first unit of a U.S. liquefied natural gas (LNG) plant.
Wood Mackenzie expects the recent cost overrun disputes around the Panama Canal expansion to be resolved with limited disruption due to the significance of the canal to global trade. Significant disruptions will crimp profitability for U.S. liquefied natural gas (LNG) producers, create a tighter LNG shipping market and affect the U.S. Gulf Coast petrochemical industry.
The American Petroleum Institute’s (API’s) Downstream Operations Senior Manager, Refining and Oil Sands Cindy Schild urged President Obama to finally approve the Keystone XL project without further delay.
Energy Transfer Partners LP (ETP) was awarded $319 million by a Texas jury that found Enterprise Products Partners LP wrongfully dropped it from plans for an oil conduit to compete with the Keystone XL project’s southern leg.
Intertek is responding to the recent U.S. government order mandating proper testing and classification of crude oil, prior to being offered into railcar transportation. The company provides a range of physical property testing services.
Increased U.S. and Canadian regulation of rail shipments of crude oil is likely, but the details aren’t certain. What is certain, according to Wells Fargo Securities, is the changes will raise costs for shippers.