An affiliate of Australian investment bank Macquarie Group Ltd. has launched a company to develop and operate liquefied natural gas (LNG) infrastructure projects. WaveCrest Energy LLC would develop, construct, operate and own LNG regasification, power and downstream infrastructure assets. The company initially would primarily serve Latin American and Asian markets to establish and develop demand…
Articles from Develop
SandRidge Energy Inc. said it plans to continue developing its assets in Colorado, the Mississippian Lime and the Midcontinent after the board determined that multiple offers for a merger or a sale fell short of expectations.
NextEra Energy Inc. said three natural gas pipelines under development by a subsidiary are on track, but FERC records show the company’s plans for a fourth pipeline that would serve the Midcontinent region have been withdrawn.
The U.S. Department of Energy (DOE) has awarded a total of $13 million to 12 multi-year research projects intended to develop efficient and effective ways to mitigate methane emissions from natural gas pipeline and storage infrastructure, and to better quantify the sources, volumes and rates of methane emissions.
While Gov. Jerry Brown already has declared he will seek to fine-tune its provisions next year, California’s new law (SB 4) regulating hydraulic fracturing (fracking) will not have final rules implemented for the industry to follow until 2015, although the law will be effective on Jan. 1 (seeShale Daily,Sept. 24).
Honeywell UOP LLC process technology unit and engineering/contractor Black & Veatch (BV) formed an alliance Tuesday to develop liquefied natural gas (LNG) production facilities for supplying the rail, vehicle and marine transportation sectors.
The skyline of Midland, TX (pop. 114,000) has a long way to go before it can rival those of Houston or Dallas, but the rebirth of the Permian Basin has sparked plans to develop what would be the sixth-tallest building in the Lone Star State.
Century Midstream LLC, whose focus primarily will be to develop and expand emerging liquids plays across North America, was launched Wednesday by private equity energy firm First Reserve Corp. and a team of seasoned midstream veterans.
National Property Holdings LP plans to develop the Alamo Junction Rail Park and serve the Eagle Ford Shale region’s growing demand for rail-based logistics and warehousing. The project joins another recently announced park targeting oil/gas patch-related industrial development in the region.
Two separate mega projects to develop oil and natural gas resources in the Walker Ridge blocks of the ultra-deepwater Gulf of Mexico (GOM) were sanctioned last week by Royal Dutch Shell plc and partners ExxonMobil Corp. and Statoil ASA.