More Oil & Gas Transportation News

KMI executes $71-billion consolidation purchase

Aug 11, 2014

Kinder Morgan Inc. (KMI), Kinder Morgan Energy Partners LP (KMEP), Kinder Morgan Management LLC (KMR), and El Paso Pipeline Partners LP reported that KMI will acquire all of the outstanding equity securities of KMEP, KMR and El Paso, creating a single publicly traded security, KMI. The total purchase price of the transaction was $71 billion: $40 billion KMI equity, $4 billion cash, and $27 billion assumed debt.

Finlayson appointed InterOil chairman

Aug 11, 2014

Chris Finlayson has been named InterOil Corp. chairman-designate. He succeeds Gaylen Byker, who announced at the company’s annual meeting in June that he would retire after 17 years on the board.

Apache planning exit of LNG projects in Australia, Canada

Aug 11, 2014

In a move "consistent" with its "ongoing repositioning for profitable and repeatable North American onshore growth," Houston independent Apache Corp. reported July 31 during its quarterly earnings statement that it would exit completely its holdings in the Wheatstone LNG project in Western Australia and the Kitimat LNG project in Bish Cove, British Columbia.

Watching Government: Baltic States want US LNG

Aug 11, 2014

The risk is obvious when a Washington forum notice says it will try to get "beyond rhetoric." So much of what passes for discussion here depends on supporting a position with tried-and-true slogans and rigorously staying "on-message."

The creaky SPR

Aug 11, 2014

Much has been written lately about the obsolescence of a ban enacted nearly 39 years ago on US exports of crude oil. The attention is warranted.

Cameron LNG liquefaction project makes FID, will proceed

Aug 8, 2014

Sponsors of the 12-million tonne/year Cameron Liquefaction Project, planned at the site of Sempra Energy’s Cameron LNG receipt terminal in Hackberry, La., made their final investment decision (FID) and will proceed with the plant. Sempra LNG, GDF Suez SA, Mitsui & Co. Ltd., and Mitsubishi Corp., through a related company jointly established with Nippon Yusen Kabushiki Kaisha (NYK), each approved development, construction, and operation of the natural gas liquefaction and export project.

AMP acquires additional midstream assets in Eagle Ford

Aug 8, 2014

American Midstream Partners LP (AMP) has opted to use, and has received approval of, its right-of-first-offer to acquire the Gonzales County, Tex., full-well-stream gathering system from an affiliate of ArcLight Capital Partners LLC for total consideration not to exceed $110 million. The deal is expected to close late this year or in early 2015.

United Refining, Enbridge to upgrade Line 10 crude oil pipeline

Aug 8, 2014

United Refining Co. has entered into a maintenance and upgrade agreement with Enbridge regarding Line 10, a 74,000-b/d pipeline owned by Enbridge Pipelines Inc. and Enbridge Energy LP transporting crude oil from Canada to URC’s Kiantone Pipeline in West Seneca, NY, serving its 70,000 b/d refinery in Warren, Pa.

Blueknight to build Eaglebine-Woodbine crude oil pipeline

Aug 8, 2014

Blueknight Energy Partners LP (BKEP) will build a 160-mile, 16-in. OD pipeline linking the East Texas Eaglebine-Woodbine crude oil play to Oiltanking Houston’s crude oil and product terminal on the Houston Ship Channel, owned and operated by Oiltanking Partners LP. The Knight Warrior project is backed by long-term shipper commitments, including with a joint venture of Vitol, which also owns 50% of BKEP’s general partner, and SEI Energy LLC.

Edmonton crude oil rail terminal expanded to potential 250,000 b/d

Aug 8, 2014

Kinder Morgan Energy Partners LP’s 50-50 joint venture with Imperial Oil Ltd. has entered into additional firm take-or-pay agreements to add incremental capacity of 110,000 b/d at the Edmonton Rail Terminal. The terminal is almost a year into construction, KMEP said.

India, Pakistan negotiating gas trade

Aug 6, 2014

Exports of natural gas from India to Pakistan are under negotiation, according to the Indian minister of state in the Ministry of Petroleum and Natural Gas.

EnLink expanding Permian gas processing, Louisiana NGL transport

Aug 6, 2014

The EnLink Midstream companies, EnLink Midstream Partners LP and EnLink Midstream LLC, are expanding in the Permian basin and South Louisiana.

Study: Bakken no greater transport risk than other light crudes

Aug 5, 2014

The North Dakota Petroleum Council (NDPC) has released the final report on a study it commissioned to examine the characteristics of crude oil produced from the Bakken shale region.

KMEP plans additional expansion to KMCC pipeline

Aug 5, 2014

Kinder Morgan Energy Partners LP (KMEP) has entered into a long-term transportation agreement with Republic Midstream Marketing LLC to build an interconnect and other facilities for the Kinder Morgan Crude & Condensate (KMCC) pipeline.

BP gets key approval for $12-billion Tangguh LNG expansion

Aug 4, 2014

Indonesia’s Ministry of Environment has approved the environmental and social impact assessment, known as AMDAL, for the BP PLC-led Tangguh LNG expansion project in Teluk Bintuni, Papua Barat province, and an environmental permit has been issued.

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