Valero Energy Corp. is planning to make its first big splash in the petrochemicals market by constructing a $700 million methanol plant on the same site in St. Charles Parish, LA, where its transportation fuel refinery is located.
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Shale-Rich Northern Colorado County Floats Secession Idea
One of Colorado’s richest local jurisdictions, Weld County, with extensive oil/natural gas and agricultural operations, in June launched discussions with a number of other counties in the northeastern part of the state about a move to secede and form a new state.
Industry Briefs
Williams’ board has voted to approve the company’s Bluegrass Pipeline project. The company has been engaged in development work on the proposed natural gas liquids (NGL) pipeline, which has a targeted in-service date of late 2015. The Bluegrass Pipeline will connect supply from the Marcellus and Utica shales to growing petrochemical and export markets in the U.S. Gulf Coast (see Shale Daily, May 30; March 7). The pipeline also will connect NGL supply with the developing petrochemical market in the U.S. Northeast. Williams and Boardwalk Pipeline Partners LP in May formalized joint-venture agreements tied to the project and related fractionation, storage and export projects.
House GOP Seek to Strip DOE of Gas Export Authority
House Republicans are pushing legislation that would transfer authority to approve natural gas exports from the Department of Energy (DOE), which has granted two export requests, to FERC, which has only approved one export terminal.
WIC Files Settlement Offer to Resolve Alleged Rate Over-Recoveries
Wyoming Interstate Co. LLC (WIC) pipeline has asked FERC to approve an offer of settlement and an accompanying stipulation and agreement (S&A) resolving allegations that it was over-recovering its costs, resulting in unjust and unreasonable rates for its shippers.
EIA Conference Spotlights Intense Interest in U.S. LNG Exports
Energy Secretary Ernest Moniz may be new at his job, but he successfully dodged a barrage of questions from the audience and reporters as to when his department would approve more licenses for liquefied natural gas (LNG) exports at the Energy Information Administration’s (EIA) Energy Conference Monday.
Sempra CEO Says Freeport LNG OK Mandate for Exports
The U.S. Department of Energy’s (DOE) decision to approve a second license to allow liquefied natural gas (LNG) exports to non-free trade agreement (FTA) nations includes language that supports the exports as being in the public interest, Sempra Energy CEO Debra Reed said last week.
U.S.-Mexico GOM Boundary Pact Clears House Panel
The House Natural Resources Committee Wednesday voted out legislation to approve and implement the terms of the U.S.-Mexico transboundary hydrocarbons agreement that governs the development of shared oil and gas resources along the countries’ maritime boundary in the Gulf of Mexico (GOM).
Maryland Legislators Approve Pipes Repair Surcharge
Maryland lawmakers voted Thursday to approve a bill that enables utility companies to impose a surcharge on customers of up to $2/month to pay for repair and replacement of aging pipe and distribution lines.
Trunkline Expects OK to Convert Gas Pipeline
Trunkline Gas Co. officials said they expect FERC to approve before the middle of next year plans to convert a multi-state natural gas pipeline to crude oil service.