Making good on its plan to continue a “strategic redirection” of its business, NuStar Energy LP on Monday said it has agreed sell its San Antonio refinery and related assets, including a terminal in Elmendorf, TX, and a pipeline connecting the terminal and refinery, to Calumet Specialty Products Partners, LP for $100 million, plus closing date inventory estimated to be $15 million.
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Articles from Making
NJNG Continues to Retire, Replace Mains and Meters
New Jersey Natural Gas (NJNG) is making progress in restoring natural gas service, but of the 33,000 customers that were impacted by Superstorm Sandy, the distributor was unable to estimate how many have had their gas service reinstated so far.
November 21, 2012
NJNG Makes Slow, Steady Sandy Recovery
New Jersey Natural Gas (NJNG) reported Tuesday that it is making steady progress in restoring service to its hurricane-ravaged distribution system, as well as repairing the facilities.
November 14, 2012
SoCal Paces Broad Advance; Futures Float Higher
U.S. natural gas cash prices on Monday for Tuesday delivery gained about 20 cents on average, making up just about all of Friday’s decline. The gains were widespread and cool weather forecast to grind its way east along with a firmer screen were all the motivation buyers needed. The Mid-Atlantic and West Coast posted the most notable gains. At the close of futures trading December had risen 6.7 cents to $3.570 and January was higher by 6.1 cents to $3.695. December crude oil eased 50 cents to $85.57/bbl.
November 13, 2012
EnerVest Scuttles Dry Gas But Prices More Appealing
EnerVest Ltd. is taking lemons and making lemonade, CEO John Walker said Friday. The privately held Houston operator has a plethora of prospects in unconventional and conventional basins around the country, but dry gas today has soured, so the company and its publicly traded arm EV Energy Partners (EVEP) are turning to sweeter gas liquids, he told analysts.
November 12, 2012
Obama Energy Cabinet to Get New Blood in Second Term
Reports that President Obama may shake up his energy cabinet are making the rounds in Washington, DC, but it’s unlikely there will be any major change in energy policy if this occurs.
November 9, 2012
LNG Capacity Spreading to High Horsepower Applications
Making the most of America’s recently realized and growing natural gas endowment dictates the use of gas for more than the traditional commercial and industrial applications. Many people are working to promote liquefied natural gas (LNG) as an alternative to fuels such as diesel and propane. One of them is Peter Tumminello, AGL Resources Co. executive vice president of wholesale services.
October 1, 2012
Marcellus Liquids Bound for Europe
Marcellus Shale ethane is a long way from the Mont Belvieu, TX, market center, making it the most likely supply to be rejected in times of surplus. But Marcellus producer Range Resources Corp. has an alternative — and a contract — to deliver some of its ethane to Philadelphia for sale to a European petrochemical producer.
October 1, 2012
LNG Capacity Moves to High Horsepower Applications
Making the most of America’s recently realized and growing natural gas endowment dictates the use of gas for more than the traditional commercial and industrial applications. Many people are working to promote LNG as an alternative to fuels such as diesel and propane. One of them is Peter Tumminello, AGL Resources Co. executive vice president of wholesale services.
October 1, 2012
Some Range Marcellus Liquids Bound for Europe
Marcellus Shale ethane is a long way from the Mont Belvieu, TX, market center, making it the most likely supply to be rejected in times of surplus. But Marcellus producer Range Resources Corp. has an alternative — and a contract — to deliver some of its ethane to Philadelphia for sale to a European petrochemical producer.
September 28, 2012
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