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  1. KMI, Keyera to build crude storage terminal near Edmonton

    Kinder Morgan Inc. (KMI) and Keyera Corp. have formed a 50-50 joint venture to build the 4.8-million-bbl Base Line above-ground crude oil storage terminal near Edmonton, Alta. The terminal will be built on undeveloped land at Keyera’s Alberta EnviroFuels site, and is expected to be commissioned in phases, with the first tanks slated for commissioning in second-half 2017. Keyera says sufficient land remains to add up to 1.8 million bbl of incremental storage capacity subject to future demand. The project is underpinned by several take-or-pay agreements ranging to 10 years in length. The terminal will be connected via pipeline to KMI’s Edmonton terminals and capable of sourcing all crude streams handled by the company for delivery to multiple destinations, including—but not limited to—Kinder Morgan’s Trans Mountain pipeline and two Edmonton rail terminals, and other major export pipelines ( OGJ Online, Aug. 22, 2014 ). The two companies previously formed a JV to build the Alberta rail terminal ( OGJ Online, Aug. 2, 2013 ). KMI and Imperial Oil later teamed up to build the Edmonton rail terminal ( OGJ Online, Dec. 26, 2013 ). KMI will oversee construction of the project and operate the new terminal once it is in service. KMI’s investment in the joint venture terminal is $342 million (Can.), including capitalized interest, and the company will invest up to an additional $69 million outside the JV for connecting pipelines and related infrastructure for a total project investment of $411 million. Keyera’s share of costs to construct the terminal is estimated at $330 million (Can.), excluding capitalized interest. “Edmonton is playing an increasingly important role as a North American crude oil hub, demonstrated by the growth of inbound and outbound pipeline capacity,” explained John Schlosser, KMI terminals president. “As such, it needs additional crude storage capacity, and our customers’ commitments affirm that growing need. “When this initial project is completed, we will have grown our merchant storage, exclusive of our Trans Mountain regulated storage assets, from basically zero tankage to a 12-million-bbl position in roughly a 10-year period,” Schlosser said.

    Online Articles

    Online Articles

    Wed, 1 Apr 2015

  2. EPP to build processing, pipelines for Delaware basin

    Enterprise Products Partners LP (EPP), Houston, will build a cryogenic natural gas processing plant in Eddy County, NM, along with associated gas and NGL pipelines to handle growing production of NGL-rich natural gas in the Delaware basin.

    Online Articles

    Online Articles

    Tue, 30 Sep 2014

  3. PAA to build Oklahoma-Texas crude oil pipeline

    Plains All American Pipeline LP (PAA) plans to build a 16-in. OD, 226-mile pipeline from the Plains Basin crude oil pipeline system at Duncan, Okla., to Longview, Tex. PAA expects the pipeline, which will follow existing right-of-way, to be completed by second-quarter 2016.

    Online Articles

    Online Articles

    Thu, 6 Nov 2014

  4. Yara-BASF JV to build Texas ammonia plant

    A joint venture of Yara International ASA and BASF Group has agreed to build a world-scale ammonia plant in Freeport, Tex., that will require expansion of hydrogen-production capacity by supplier Praxair Inc.

    Online Articles

    Online Articles

    Fri, 20 Feb 2015

  1. MARKET WATCH: NYMEX crude oil prices down on US supply build

    Online Articles

    Online Articles

    Fri, 20 Feb 2015

  2. EPP to build ninth NGL fractionator at Mont Belvieu complex

    Enterprise Products Partners LP (EPP) reported it will build the ninth NGL fractionator for its complex in Mont Belvieu, Tex. The fractionator will have a nameplate capacity of 85,000 b/d and is expected to begin operations as early as January 2016. The eighth fractionator started operations in ...

    Online Articles

    Online Articles

    Mon, 29 Sep 2014

  3. Navitas to build Eaglebine natural gas gathering pipeline

    Navitas Midstream Partners LLC, The Woodlands, Tex., will build the La Bahia natural gas gathering system, including a 20-in. OD pipeline extending from the northern end of the Eagle Ford shale (Eaglebine) in Brazos County, Tex., to a 120-MMcfd cryogenic processing plant the company is building in ...

    Online Articles

    Online Articles

    Thu, 20 Nov 2014

  4. Enbridge to build , operate oil pipeline lateral for Stampede development

    Enbridge Inc., Calgary, reported it will build , own, and operate a crude oil pipeline in the Gulf of Mexico to connect the planned Stampede development, operated by Hess Corp., to an existing third-party pipeline system. The lateral pipeline is expected to cost $130 million and be operational in ...

    Online Articles

    Online Articles

    Tue, 13 Jan 2015

  5. EIA: Continued global oil stock build to keep pressure on oil prices

    In its most recent monthly Short-Term Energy Outlook (STEO), the US Energy Information Administration reported it expects global oil inventories to continue to build in 2015, keeping downward pressure on oil prices.

    Magazine Articles

    Magazine Articles

    Mon, 19 Jan 2015

  6. EIA: Continued global oil stock build to keep pressure on oil prices

    In its most recent monthly Short-Term Energy Outlook (STEO), the US Energy Information Administration reported it expects global oil inventories to continue to build in 2015, keeping downward pressure on oil prices.  

    Online Articles

    Online Articles

    Tue, 13 Jan 2015

  7. FERC gives Dominion approval to build Cove Point LNG export project

    The US Federal Energy Regulatory Commission gave Dominion Cove Point LNG LP authorization to build an LNG export facility on the Chesapeake Bay near Lusby, Md., east of Washington, DC.

    Online Articles

    Online Articles

    Tue, 30 Sep 2014

  8. ARM unit to build Bakken-Three Forks crude gathering system

    Asset Risk Management’s wholly owned subsidiary ARM Midstream plans to build a crude oil gathering system in the Bakken shale and underlying Three Forks formation.

    Online Articles

    Online Articles

    Wed, 15 Oct 2014

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