Post Tagged with: "gas processing"

Source: Pembina Pipeline Corporation

Pembina to Acquire Kinder Morgan Canada and Cochin Pipeline for CAD $4.35 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360 Pembina Pipeline Corporation will purchase Kinder Morgan Canada and U.S. portion of Cochin Pipeline for CAD $4.35 billion Pembina Pipeline Corporation (stock ticker: PBA), a midstream service provider based out of Calgary, has entered into agreements to acquire Kinder Morgan Canada Limited (stock ticker: KMLGF) and the U.S. portion of the Cochin Pipeline system from Kinder Morgan Inc. (stock ticker: KMI) for a total purchase price of CAD $4.35 billion. The transaction values Kinder Morgan Canada at approximately CAD $2.3 billion, or CAD $15.02 per share, and the Cochin Pipeline at CAD $2.05 billion for cash consideration. As a result of the deal, Pembina’s board of directors has… Login or click here to subscribe Username or E-mail Password Remember Me     Forgot Password

Chevron Starts Burying CO2 off Australia at Huge Gorgon Storage Project

Chevron Starts Burying CO2 off Australia at Huge Gorgon Storage Project

From Reuters Chevron Corp (CVX.N) said on Thursday it has launched one of the world’s largest carbon capture and storage projects, injecting CO2 into a deep reservoir under an island off Western Australia at its Gorgon LNG project. The carbon storage project was delayed by more than two years after Chevron discovered problems with valves and pipeline equipment during commissioning of the A$2.5 billion ($1.7 billion) injection system. Gorgon is the biggest emitter of carbon emissions out of Australia’s 10 LNG plants, with gas from the Gorgon field containing 14% CO2. Growth in LNG exports has been a big contributor to Australia’s rising CO2 emissions, according to the Environment and Energy Department. “We are pleased to reach the first milestone of safely starting the operation of the Gorgon carbon dioxide injection system, one of the world’s largest greenhouse gas mitigation projects ever undertaken by industry,” Chevron Australia Managing Director Al[Read More…]

Williams, Brazos Midstream Form Delaware Basin JV

Williams, Brazos Midstream Form Delaware Basin JV

Williams Companies Inc. (stock ticker: WMB) will enter into a joint venture in the Delaware Basin with privately-held Texas-based midstream services company Brazos Midstream. Brazos Midstream will have an 85% majority position in the joint venture. Its current assets include: Approximately 725 miles of pipeline for natural gas gathering Approximately 75 miles of pipeline for crude oil gathering Combined capacity of 75,000 BBLS between 2 crude oil storage terminals, shown on the map below Brazos has approximately 260 MMCF/D of natural gas processing capacity. 200 MMCF/D comes from it Comanche II cryogenic processing plant, and 60 MMCF/D comes from its Comanche I plant, also shown on the map. Total capacity will be 460 MMC… Login or click here to subscribe

November 16, 2018 - 2:54 pm Closing Bell Story, Midstream
Elevate Midstream Acquires East Texas Gas Assets

Elevate Midstream Acquires East Texas Gas Assets

Elevate Midstream Acquires Gas Gathering, Treating and Processing Assets From Woodland Midstream and Orion Pipeline

November 15, 2018 - 10:18 am Closing Bell Story, Midstream, Press Releases
Source: Tidewater Energy

Tidewater announces approval of Pipestone Montney Gas Processing Plant

Tidewater announces regulatory approval of Pipestone Montney Gas Processing Plant

October 18, 2018 - 7:00 am Closing Bell Story, Press Releases
Bonanza Creek Hits High Water Marks

Bonanza Creek Hits High Water Marks

Bonanza Creek Energy, Inc. (ticker: BCEI) exceeded the company’s high-end of Q4 2017 estimates by producing 14.8 MBOEPD. The company is expecting Rockies production to grow by 20% in 2018 and in 2019 Bonanza Creek said it expects an increase of 50% or more. Expanding core footprint in DJ with French Lake “In 2017, we secured our strategically important leasehold position in French Lake. In 2018, we will delineate this key acreage position with enhanced completions and lay the ground work for its future development. We will also consider the sale of non-core assets and will focus any potential acquisition activity on expanding our core footprint in the DJ Basin,” said Bonanza Creek Chairman Jack Vaughn. Bonanza Creek recently finished drilling the last of the eight XRL wells on its French Lake acreage with one well setting a company record drill time of fewer than 4.5 days from spud to[Read More…]