Energy Transfer Partners LP (ETP) is buying Sunoco Inc. for $5.3 billion in a deal intended to diversify the natural gas midstream player’s business by adding transport of heavier hydrocarbons such as crude oil, natural gas liquids (NGL) and refined products. Acquisition of Philadelphia-based Sunoco would also give Dallas-based ETP assets in the Marcellus Shale region.
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Articles from Intended
Wyoming Gov: BLM Should Back Off Fracking Rules
Proposed federal Bureau of Land Management (BLM) rules on hydraulic fracturing (fracking) violate the spirit of an earlier order by President Obama that called for the “least burdensome” regulations to be applied to allow for predictability and certainty, Wyoming Gov. Matt Mead told U.S. Interior Secretary Ken Salazar in a letter last Thursday.
Pipeline Projects Would Aid U.S. Shale Exports to Canada
Small pipeline projects intended to achieve big increases in Canadian imports of shale gas from the United States were launched last Tuesday in Ontario by Union Gas Ltd. and Enbridge Gas Distribution Inc.
Pipeline Projects Would Aid U.S. Shale Exports to Canada
Small pipeline projects intended to achieve big increases in Canadian imports of shale gas from the United States were launched Tuesday in Ontario by Union Gas Ltd. and Enbridge Gas Distribution Inc.
Fired California Official Warned About Fracking
California’s recently streamlined oil/gas drilling permits process has been achieved after warnings about the use of hydraulic fracturing (fracking) were stifled and two top state officials were fired by Gov. Jerry Brown, according to a front-page report in Sunday’s Los Angeles Times.
Alberta Fluid Spill Spooks Authorities
It was brief and caused no injuries or damage, but the accident set off alarms among regulators, production companies and field contractors
Industry Briefs
Enbridge Inc. has acquired another 13.3% stake in the Cabin Gas Plant development east of Fort Nelson, BC, which would give it a 71% stake in the project intended to serve growing natural gas output from the Horn River Basin. In October Enbridge paid Encana Corp., the project’s operator, C$220 million to acquire a 57.7% majority stake in the Cabin project. Details of the latest acquisition weren’t disclosed but Enbridge said the transaction was “on the same terms” as the one with Encana. The plant, which has been sanctioned by producers and received regulatory approval, is under construction and expected to be in-service in late 2012. Phase 1 is to have 400 MMcf/d of processing capacity. Phase 2, expected to be ready for service in the second half of 2014, would add an additional 400 MMcf/d of capacity.
Enbridge Takes Bigger Stake in BC Gas Plant
Enbridge Inc. on Thursday acquired another 13.3% stake in the Cabin Gas Plant development east of Fort Nelson, BC, which would give it a 71% stake in the project intended to serve growing natural gas output from the Horn River Basin.
ConocoPhillips to File Paperwork for Spinoff in November
ConocoPhillips on Wednesday said it intended to file required paperwork in early November to spin off its downstream unit from its exploration and production (E&P) business, which when completed would create the biggest pure-play independent in North America.
Two Shippers Take All of Tennessee MPP Project Capacity
El Paso Corp.’s Tennessee Gas Pipeline Co. (TGP) has struck two long-term contracts for service on its MPP project, which is intended to improve takeaway capacity from the Marcellus Shale through expansion of TGP’s 300 Line in Pennsylvania.