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Second segment of Aegis pipeline complete

Thu, Sep 3, 2015

Enterprise Products Partners LP (EPP) has completed construction of the Aegis pipeline segment connecting Beaumont, Tex., with Lake Charles, La.

Investigation under way into Venezuelan gas processing plant fire

Thu, Sep 3, 2015

An investigation is under way into a fire that broke out on Aug. 31 at the onshore Cardon IV gas processing plant at Tiguadare in Venezuela’s northwestern state of Falcon.

Russia’s Sibur-Gazprom Neft JV commission gas processing plant

Thu, Sep 3, 2015

A joint venture of Russian conglomerate PJSC Sibur Holding, Moscow, and PJSC Gazprom Neft, St. Petersburg, have commissioned the newly built Yuzhno-Priobskiy gas processing plant (Yuzhno-Priobskiy GPP) in Western Siberia’s Khanty-Mansi Autonomous Area.

Shell, BG merger cleared by EU

Thu, Sep 3, 2015

The European Commission has unconditionally approved the planned $70-billion merger of Royal Dutch Shell PLC and BG Group PLC reported in April.

Holly Energy to buy half of Frontier Pipeline

Thu, Sep 3, 2015

Holly Energy Partners LP, Dallas, reported it would acquire 50% interest in Frontier Pipeline Co., owner of the Frontier Pipeline, from an affiliate of Enbridge Inc. No acquisition price was disclosed.

Inpex submits revised plan to Indonesia for Abadi LNG project

Thu, Sep 3, 2015

Inpex Corp., Tokyo, has submitted a revised plan of development to the Indonesian government for the Abadi LNG project in the Arafura Sea. It envisions a floating LNG (FLNG) plant with a processing capacity of 7.5 million tonnes/year.

JV lets contracts for Louisiana ethane project

Thu, Sep 3, 2015

LACC LLC, a joint venture of Axiall Corp. and South Korea’s Lotte Chemical Corp., has let a contract to CB&I, Houston, to provide additional detailed engineering and early procurement services for a proposed 1 million-tonne/year LACC ethane cracker project to be built in Lake Charles, La.

Unit fire slashes Syncrude output until end-September

Thu, Sep 3, 2015

Syncrude Canada Ltd.’s upgrader in the Mildred Lake oil sands production area, about 40 km north of Fort McMurray, Alta., will operate at reduced rates until the end of September following a fire that struck the unit on Aug. 29.

Judge vacates FWS listing of lesser prairie chicken as threatened

Thu, Sep 3, 2015

A federal district judge in Texas vacated the US Fish & Wildlife Service’s listing of the lesser prairie chicken as a threatened species after finding that the US Department of the Interior agency failed to follow its own evaluation procedures for conservation efforts that already were under way.

MARKET WATCH: NYMEX oil prices end with a gain despite oil supply build

Thu, Sep 3, 2015

The price for light, sweet crude oil for October delivery fell for a while during Sept. 2 trading following a government report that showed a US oil inventory gain, but the price reversed direction and moved into the black ink, closing above $46/bbl.

USGS estimates Cherokee Platform Province oil, gas, NGL reserves

Wed, Sep 2, 2015

The Cherokee Platform Province in Kansas, Oklahoma, and Missouri contains estimated recoverable reserves totaling 463 million bbl of crude oil, 11.2 tcf of natural gas, and 35 million bbl of natural gas liquids, the US Geological Survey said in a Sept. 1 report.

Appeals court rules for environmental groups in Montana lawsuit

Wed, Sep 2, 2015

A federal appeals court ruled that three environmental groups may have standing in a lawsuit to block oil and gas leasing on federal land in Montana. It remanded the case back to Sam E. Haddon, a judge in US District Court for Montana, who ruled 2 years earlier that they did not.

MARKET WATCH: NYMEX crude oil prices plummet by nearly $4/bbl

Wed, Sep 2, 2015

The price for light, sweet crude oil for October delivery plummeted by $3.79/bbl on Sept. 1, abruptly ending a late-August rally that marked the largest 3-day gain the New York market had experienced since 1990 for oil price futures.

Armour buys Roma oil, gas assets from Origin Energy

Wed, Sep 2, 2015

Armour Energy Ltd., Brisbane, has acquired oil, gas, and condensate assets on the Roma shelf region in southeast Queensland from Sydney company Origin Energy Ltd. for $10 million (Aus.) cash and $3 million in deferred consideration.

CHS takes full ownership of Kansas refinery

Wed, Sep 2, 2015

US farmer-owned cooperative CHS Inc., Inver Grove Heights, Minn., has completed its purchase of National Cooperative Refinery Association’s refinery and related operations at McPherson, Kan., to take full ownership of the assets.

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