Pipelines Archives - Page 38 of 44

Notley says Alberta is Prepared to Buy Trans Mountain Pipeline from Kinder Morgan

April 11, 2018

From The Globe and Mail CALGARY, VICTORIA AND OTTAWA Alberta Premier Rachel Notley is looking at an outright government purchase of the Trans Mountain pipeline to ensure its planned expansion is completed to ship more oil to Asia-Pacific markets. In the escalating battle over the oil sands pipeline project, the Alberta Premier signaled on Tuesday she could put provincial taxpayers’

Unit Corp Accelerates Drilling Program with $300 Million Sale

March 29, 2018

Divesting 50% Interest in Superior Pipeline Unit Corporation (ticker: UNT) has agreed to sell a fifty percent equity interest in its wholly owned subsidiary, Superior Pipeline Company, LLC for cash proceeds of $300 million. The purchaser, SP Investor Holdings, LLC, is jointly owned by OPTrust and funds managed by Partners Group, a global private markets investment manager. The sale is

Canacol Energy Ltd.: Largest Caribbean Supplier of Natural Gas

March 27, 2018

Calgary’s Canacol Energy Ltd. (ticker: CNE) recorded a net loss of USD$148 million for the year ended December 31, 2017, or $(0.48) per share – this compares to a net income of $23.6 million for the same period in 2016. For Q4 2017, the company had a net loss of $150.3 million, or $(0.85) per share – this compares to

Tellurian Keeps Sailing

March 22, 2018

Tellurian Inc. (ticker: TELL) wrapped up its first year as a public company, ending 2017 with $128.3 million of cash and cash equivalents. The company remains debt free, but reported a net loss of $231.5 million, or $(1.23) per share as it ramps up permitting and preconstruction phases for its Driftwood LNG plant on the Louisiana Gulf coast. Driftwood is

Bakken: Goodnight Midstream Expands Ops in North Dakota

March 6, 2018

Goodnight Midstream, LLC will be adding five new saltwater disposal wells and 50 miles of produced water gathering pipeline to its network of produced water gathering and disposal facilities in North Dakota. Over the last year, Goodnight drilled and completed four salt water disposal (SWD) wells – the Galaxy, Quale, Knoll and Boehm SWD wells. The company also acquired the

Cactus II Pipeline Primed with Contracts

February 23, 2018

Plains All American Pipeline, L.P. (ticker: PAA) has completed the open season for its Cactus II pipeline, securing long-term third-party shipper contracts totaling 525 MBOPD. The pipeline has an initial capacity of 585 MBOPD and stretches from the Permian Basin to the Corpus Christi/Ingleside area. Cactus II Pipeline Source: Plains All American Pipeline Carrying capacity Out of the 525 MBOPD

No Stream Like Midstream

February 19, 2018

TransCanada, Enbridge and Spectra queue up pipeline projects across all of North America TransCanada adds Canadian capacity TransCanada Corporation (ticker: TRP) has a new $2.4 billion NGTL system expansion coming on-line within four years. The NGTL moves gas from the North Montney in British Columbia to and through Alberta to Saskatchewan and/or delivery access to the Canadian west coast for

Goodnight Midstream Produced Water Pipeline Enters Open Season

February 8, 2018

Goodnight Midstream Permian, LLC is conducting a binding open season to provide an opportunity for producers to enter into long-term contractual commitments for Goodnight’s Llano Produced Water Pipeline System. The pipeline will be constructed in Lea County, New Mexico. The open season will commence on February 8, 2018 and close on March 30, 2018. The Llano Pipeline will transport produced

Silver Creek Partners, Tallgrass Energy Pipeline Will Transport Crude from PRB

February 8, 2018

Silver Creek Midstream, LLC and Tall Grass Energy Partners, LP (ticker: TEP) have signed an agreement to develop the Iron Horse Pipeline, a joint venture pipeline to transport crude oil from the Powder River Basin (PRB) to Guernsey, Wyoming. Iron Horse will connect Silver Creek’s developing gathering system to the Tallgrass Guernsey Terminal, which is currently under construction, and then

Summit Midstream Holds Open Season for Double E NatGas Pipeline

January 29, 2018

Summit Midstream Partners, LP (ticker: SMLP) will be holding a non-binding open season for its Double E Pipeline. The target in-service date for the project is the first quarter of 2021. The project will consist of approximately 120 miles of 24″ to 36″ diameter pipe with a capacity of approximately 1.0 Bcf/d (without compression), expandable to approximately 1.4 Bcf/d (with

Billion-Dollar PennEast Pipeline Approved by FERC

January 22, 2018

Severe temperatures and extreme prices push FERC toward pipeline approval; will bring Marcellus gas to Pa., NJ customers According to PennEast Pipeline Company LLC, the Federal Energy Regulatory Commission (FERC) recognized the need for and the public benefit of the PennEast pipeline and issued an order on January 19, 2018, under section 7(c) of the Natural Gas Act – approving

Keystone XL Pipeline on Track to Begin Primary Construction in 2019

January 18, 2018

Open season for Keystone’s additional capacity from Canadian oil producers to U.S. refineries secures 500,000 BOPD 20-year commitments The Keystone XL open season has concluded with 500,000 BOPD 20-year commitments secured. This allows the proposed project to proceed. TransCanada Corporation (ticker: TRP) said that interest in the pipeline remains strong and the company will continue to secure long-term volume contracts.

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