Enbridge buying Shell's interest in Gulf of Mexico natural gas pipelines

By OGJ editors

HOUSTON, Nov. 18 -- Enbridge Inc., Calgary, has agreed to buy Shell Gas Transmission LLC from Shell US Gas & Power LLC in a $613 million transaction that includes most of Shell's Gulf of Mexico natural gas pipeline business.

The sale, expected to close by yearend, is part of Shell's ongoing program to grow its upstream business and focus on core downstream activities.

Shell Gas Transmission owns or has an interest in 11 gulf pipelines in operation or under construction, with a combined landed capacity of 4.7 bcf/d. The business has assets across gulf production areas.

After the deal is completed, Shell's exploration and production business will retain contracted long-term access to the pipelines and will be an Enbridge customer. Shell will retain select gas gathering assets.

Related Articles

DOE approves LNG exports to non-FTA countries from Oregon project

03/24/2014 The US Department of Energy conditionally approved Jordan Cove Energy Project LP’s application to export LNG through its proposed terminal on Orego...

INGAA Foundation forecasts oil, gas infrastructure outlays to 2035

03/24/2014 An estimated $640.9 billion, or an average $29.1 billion/year, will need to be spent on US and Canadian midstream crude oil, natural gas, and natur...

Export short-sightedness

03/24/2014 Opposition by specific refiners to US exports of crude oil should surprise no one. The export ban suppresses the price of domestically produced lig...

HSC remains closed, fuel cleanup continues after barge collision

03/24/2014 The Houston Ship Channel (HSC) remained closed to unauthorized vessels Mar. 24 as the result of a temporary emergency safety zone being established...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected