Hess is selling half of its Bakken midstream assets in a joint venture deal with Global Infrastructure Partners that will form a premier midstream company valued at $5.35 billion.
A regional production drop off has left the three major West Coast refining centers—Puget Sound, San Francisco and Los Angeles—in a feedstock bind.
Crude by rail offers an opportunity to fill the gaps left by limited pipeline capacity, along with unique optimization challenges that in-depth data analysis and reporting tools can address.
Keith Bainbridge, the managing director of CS LNG, discusses the future of the LNG carrier shipping market.
Exmar will transfer its assets to Flex LNG in return for 323.7 million new shares in the company, giving it a 64.6% stake, London-based Flex LNG said in a statement July 1.
A 670-kilometer natural gas pipeline will run from Groundbirch area near Dawson Creek, British Columbia, to proposed LNG Canada liquefied natural gas export facility near Kitimat, also in the province.
Cheniere Partners will close credit facilities and issue Bechtel Oil Gas and Chemicals Inc. a notice to proceed on Train 5. Trains 1, 2 were about 90.8% complete May 31.
Qatar Petroleum plans overseas expansion amid less oil output after restructuring, foreign investment sector takeover. Company pumped 650Mbbl/d of crude in May, Bloomberg said. Qatar is largest exporter of LNG.
Colonial's Line 1, with a capacity of 1.2 million barrels per day, runs from Houston to Greensboro, N.C. The current allocation is for the pipeline segment north of Collins, Miss.
The Lucerne 2 natural gas processing plant connects to the Front Range Pipeline for NGL takeaway to Mont Belvieu, Texas.
DCP has a one-third ownership interest in the pipeline.
More than 700,000 barrels of crude oil storage capacity and other infrastructure will be built through the roughly-$95 million project, supported by a long-term commitment with a major refiner.
Index of the four largest publicly traded U.S. railroads dropped 20% from November, Bloomberg said. Low natural gas prices drain coal demand; oil drilling slows. Petroleum carloads are down 0.6.
Stock of rail car maker Greenbrier Cos. fell steeply, Bloomberg said. Lower demand for oil- and natural gas-carrying rail cars will offset sales of other units, a Stifel analyst said.
Prism Midstream has agreements with Enbridge Liquids Transportation & Marketing LP, under which Enbridge Liquids will buy and transport on-spec and off-spec Permian NGL and condensate to Bedrock treatment facility.
Cenovus Energy Inc. agreed to purchase Canexus Corp.’s crude-by-rail transloading facility, North American Terminal Operations, for $75 million.