Loews Taking Over Boardwalk, in Line with Peers After FERC MLP Ruling

Loews Taking Over Boardwalk, in Line with Peers After FERC MLP Ruling

Following the lead of other pipeline operators that have brought into the fold their master limited partnerships (MLP) because of changes to federal law, Loews Corp. said it plans to take over subsidiary Boardwalk Pipeline Partners LP for an estimated $1.5 billion.

July 2, 2018

Feds Investigating Cyberattacks As More Pipelines Report Being Affected

Several agencies within the federal government are investigating a series of cyberattacks directed at a third-party software system used by several U.S. natural gas pipeline companies, as the software provider looks into restoring data that was lost.

April 4, 2018
Boardwalk CEO Sees Room For Two Permian-to-Gulf Coast NatGas Pipes

Boardwalk CEO Sees Room For Two Permian-to-Gulf Coast NatGas Pipes

With the Gulf Coast Express project officially moving forward, Boardwalk Pipeline Partners LP continues to pursue additional plans to transport Permian Basin natural gas to the Gulf Coast, but a final investment decision (FID) has yet to be made, management said Monday.

February 13, 2018

FERC OKs Compressor Station for LNG-Directed Coastal Bend Header

FERC has given Gulf South Pipeline Co. LP permission to build a compressor station in Texas for its proposed Coastal Bend Header project, which would create expansion capacity to deliver natural gas to a proposed liquefied natural gas (LNG) export terminal near Freeport, TX.

January 30, 2018

Boardwalk Making Progress on $1B NatGas Growth Projects

More than $1 billion in growth projects under construction, including the Coastal Bend Header project, “are proceeding on time and on budget,” according to Boardwalk Pipeline Partners LP CEO Stan Horton.

July 31, 2017

Boardwalk Working Through Newly Expanded Project Slate

After recently bringing online two “major” growth projects, with two more on the way, Boardwalk Pipeline Partners LP (BWP) management on Monday announced three initiatives worth about $65 million that are intended to add end-use markets to the company’s natural gas system and grow its liquids-related business.

August 1, 2016

Boardwalk Doubling Capex in 2016; Gulf South Rate Case Settled

Buoyed by several pieces of good news — a rate case settlement, getting permission to put an ethylene pipeline into service, and winning approval for new natural gas pipeline capacity between Ohio and Louisiana — an optimistic Boardwalk Pipeline Partners LP announced that it plans to nearly double its budget for capital expenditures (capex) in 2016.

November 2, 2015

Boardwalk Buying Gulf Coast Ethylene Pipeline From Chevron

Boardwalk Pipeline Partners LP has agreed to acquire Chevron Petrochemical Pipeline LLC, owner of the Evangeline ethylene pipeline system, for $295 million in cash. Boardwalk plans to connect the pipeline to its Louisiana storage facilities.

September 4, 2014

Marcellus and Utica Squeeze Harder on Boardwalk

The abundance of market-area gas that has crushed basis differentials and flattened seasonal spreads has bedeviled Boardwalk Pipeline Partners LP for several quarters now. But on Monday investors got pinched hard when the partnership cut its distribution by 81% and the price of its units plunged 46%.

February 11, 2014

Boardwalk Cuts Distribution as Shale Gale Blows Cold on Earnings

Boardwalk Pipeline Partners LP on Monday slashed its quarterly distribution by 81% in order to reduce debt and fund projects following a fourth quarter that saw net income fall 78% from a year ago. Net income for 2013 was down 17% from the prior year.

February 10, 2014
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