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Phillips 66 Cancels Liberty Pipe, Reports 1Q Impacts from Texas Freeze

Phillips 66 Cancels Liberty Pipe, Reports 1Q Impacts from Texas Freeze

The 350,000 b/d Liberty Pipeline proposal, which would have moved oil from the Rockies and Bakken Shale to the Cushing Hub in Oklahoma, has been canceled by sponsor Phillips 66 Partners LP. The 24-inch diameter system from Guernsey, WY, was deferred last year as Covid-19 knocked out energy demand. The cancellation was noted in preliminary…

April 7, 2021
Enterprise Scuttles Permian Oil Pipe Expansion, Citing Market Uncertainty

Enterprise Scuttles Permian Oil Pipe Expansion, Citing Market Uncertainty

In another casualty of the oil market downturn, Enterprise Products Partners LP has scrapped an expansion of the Midland-to-ECHO (M2E4) pipeline to move oil supply from the Permian Basin to the Gulf Coast, which was set to begin initial operations this month. Instead, the Houston-based midstream company has entered into amended agreements with some customers…

September 9, 2020
Cheniere Swings to Profit on Steep LNG Cargo Cancellation Revenues

Cheniere Swings to Profit on Steep LNG Cargo Cancellation Revenues

Cheniere Energy Inc. reported a big boost from customers that elected to cancel liquefied natural gas (LNG) cargoes in the second quarter, earning $708 million in fixed fees from those opting out of lifting scheduled volumes.  In the first quarter, the Houston operator earned $53 million in revenue associated with canceled cargoes. The 2Q2020 revenue…

August 6, 2020

Industry Brief

Blaze Energy Corp. said it has settled a dispute with Environmental Energy Services Inc. (EESV), exchanging subsidiary EESV Fayetteville Inc. and associated outstanding notes for EESV’s 76% stake in the company, in a stock deal valued at $1.9 million. Under the first phase of a reorganization plan, the Boise, ID-based company — which is not affiliated with Calgary-based Blaze Energy Ltd. — also accepted the resignations of all but one of its employees and canceled the lease for its corporate offices.

May 1, 2013

Gas Groups Urge Speaking as One to Fight Fracking Fears

Natural gas groups Wednesday said they were hopeful the Obama administration will provide a more cohesive energy policy during the president’s second term, at the same time urging various industry segments to speak to lawmakers and the public with one voice on hydraulic fracturing (fracking).

January 18, 2013

Poll: New York Support for Fracking Unchanged — But Shifting

Support for hydraulic fracturing (fracking) among New Yorkers remained unchanged overall, as a sharp increase in backing among suburbanites canceled out flagging support from Upstate voters, according to a Siena College Research Institute poll released Wednesday.

December 6, 2012

Sidewinder, Union Merger Set to Close

Houston-based land driller Sidewinder Drilling Inc. management on Monday said it now holds about 92% of the outstanding shares of Union Drilling Inc., which allows the unconventional oilfield service operators to move forward with their merger, first announced in September.

November 6, 2012

Another Penn State Drilling Study Unnecessary, Says MSC

The industry-led Marcellus Shale Coalition (MSC) has canceled a study underway by Pennsylvania State University (Penn State) about natural gas drilling and hydraulic fracturing (fracking), following criticism that previous research had a pro-drilling slant.

October 5, 2012

TransCanada, Ontario Power Authority Plan Gas-Fired Power Plant

Nearly two years after plans for a natural gas-fired generating station in Oakville, ON, were canceled by the provincial government, TransCanada Corp. has signed a memorandum of understanding with the Ontario Power Authority (OPA) to develop, own and operate a 900 MW gas-fired power plant at OPA’s Lennox Generating Station in Bath, on Lake Ontario’s northern shore.

September 25, 2012

Transportation Notes

Southern canceled Monday the Type 6 OFO for long imbalances that it had implemented last Wednesday.

November 29, 2011
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