Constructing

Valero Looks to Build Mega-Methanol Plant Fueled by Shale

Valero Looks to Build Mega-Methanol Plant Fueled by Shale

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.

July 17, 2013

Industry Briefs

Plains All American Pipeline LP is constructing a 95-mile extension of its Oklahoma crude oil pipeline to service increasing production from the Granite Wash, Hogshooter and Cleveland Sands producing areas in western Oklahoma and the Texas panhandle. The new Western Oklahoma pipeline will provide up to 75,000 b/d of takeaway capacity from Reydon, OK, in Roger Mills County to PAA’s Orion station in Major County, OK. At the Orion station, crude oil will flow on PAA’s existing pipeline system to the PAA terminal in Cushing, OK. The new Western Oklahoma pipeline is supported by long-term producer commitments and is expected to be in service by the end of the first quarter of 2014, the company said.

May 21, 2013

Industry Briefs

Plains All American Pipeline LP (PAA) is constructing the Cactus Pipeline, a 310-mile, 20-inch diameter crude oil pipeline from McCamey to Gardendale, TX. It is expected to enter service during the first quarter of 2015. The partnership said it has a long-term agreement for a majority of the pipeline’s capacity and is talking with other potential shippers. The pipeline is expected to cost $350-375 million and transport both sweet and sour crude oil from the Permian Basin to the PAA/Enterprise Products Partners Eagle Ford Joint Venture (Eagle Ford JV) Pipeline. The Eagle Ford JV Pipeline directly serves the Three Rivers and Corpus Christi markets and can supply the Houston-area market through a connection to the Enterprise South Texas Crude Oil Pipeline. Crude oil delivered on Cactus will have access to rail loading capacity at PAA’s Gardendale station and access to the Eagle Ford JV barge dock facility in the Corpus Christi area. Initial capacity will be about 200,000 b/d.

April 16, 2013

Industry Brief

DCP Midstream LLC and DCP Midstream Partners LP said they are constructing the Goliad cryogenic gas processing plant to serve liquids-rich production from the Eagle Ford Shale in South Texas. The plant will have capacity of 200 MMcf/d and will become part of the DCP Eagle Ford system providing Eagle Ford producers one-stop service from the plant tailgate to Gulf Coast market centers, the partners said. The plant will be constructed and funded by the previously announced DCP Eagle Ford Joint Venture formed Nov. 1, which is owned two-thirds by DCP Midstream and one-third by DCP Midstream Partners. It is expected to be completed by the first quarter of 2014. The plant will be the seventh in South Texas owned by the DCP enterprise.

December 10, 2012

Cheniere Moving Forward with LNG Export Plans

Cheniere Energy Partners LP has completed all milestones and has instructed Bechtel Oil, Gas and Chemicals Inc. to move forward with constructing the first two liquefaction trains for the Sabine Pass natural gas liquefaction project in Louisiana, the Houston-based company said.

August 13, 2012

Industry Briefs

Cheniere Energy Partners LP has struck commitments for $3.4 billion to fund the costs of developing, constructing and placing into service the first two liquefaction trains of the Sabine Pass LNG liquefaction project, it said. Sabine Pass Liquefaction is finalizing definitive loan documents with lenders and is working on commitments of about $200 million with additional institutions. The credit facility is expected to be closed by the end of the month. “Including the recently announced $2 billion of equity commitments [see Daily GPI, May 25], we have now received financial commitments of approximately $5.4 billion for the construction of trains 1 and 2 of our liquefaction project,” said CEO Charif Souki. “Our ability to access a very large credit facility will significantly reduce our costs of financing during construction. We expect to reach a final investment decision and issue notice to proceed to Bechtel upon meeting all conditions precedent under the financial agreements…” Sabine Pass is the only proposed U.S. liquefaction project to have been granted authority to export to non-free trade agreement countries (see Daily GPI, April 17).

July 13, 2012

National Fuel More than Doubles Appalachian Production

National Fuel Gas Co.’s Seneca Resources Corp. more than doubled fiscal fourth quarter production from its activities in Appalachia. This contributed to better Seneca results and for National Fuel overall during the quarter and fiscal year.

November 7, 2011

Senate Jobs Package Would Extend Energy Tax Credits

The Senate Finance Committee Thursday unveiled an $85 billion draft jobs package that calls for the extension of a number of energy tax breaks that expired at the end of 2009.

February 12, 2010

Senate Jobs Package Would Extend Energy Tax Credits

The Senate Finance Committee Thursday unveiled an $85 billion draft jobs package that calls for the extension of a number of energy tax breaks that expired at the end of 2009.

February 12, 2010

REX Cites Regulatory Delays in Adjusting REX East Timetable

Rockies Express (REX) has reassessed its progress in constructing its 1.8 Bcf/d REX-East pipeline, extending the date for completion by five months to the start of the 2009 winter heating season.

October 13, 2008
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