Mexican state-owned electric utility Comision Federal de Electricidad (CFE) chose a unit of Sempra International to construct, own and operate a 500-mile, $1 billion pipeline network to deliver gas to power plants in the northwestern Mexico states of Sonora and Sinaloa. It’s the latest in multiple projects intended to meet growing demand for gas in Mexico, particularly for power generation.
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Mexico’s CFE Picks Sempra to Build Pipelines
Mexican state-owned electric utility Comision Federal de Electricidad (CFE) chose a unit of Sempra International to construct, own and operate a 500-mile, $1 billion pipeline network to deliver gas to power plants in the northwestern Mexico states of Sonora and Sinaloa.
Marathon Letting Go of Non-Core Eagle Ford Acreage
Marathon Oil Corp. is selling all of its interest in 98,409 gross acres (96,738 net) in nine tracts in Karnes, Northern Bee and Wilson counties, TX, in the Eagle Ford Shale. However, the play remains a core focus of the company.
ZaZa Eagle Ford Oil Reserves More than Double
ZaZa Energy Corp. more than doubled its proved Eagle Ford Shale oil reserves between the end of last year and Sept. 1; however, proved Eagle Ford gas reserves declined by more than half with the dissolution of a joint venture (JV) the company had with Hess Corp.
Largest U.S. Farmer Co-Op Eyes New North Dakota Fertilizer Plant
CHS Inc., the nation’s largest farmer-owned cooperative, launched a proposal Wednesday to build a $1.1-1.4 billion nitrogen fertilizer manufacturing plant in North Dakota that would take advantage of natural gas feedstock to provide U.S. and Canadian farmers with enhanced supplies of crop nutrients.
Largest U.S. Farmer Co-Op Proposes Gas-Fueled Fertilizer Plant
CHS Inc., the nation’s largest farmer-owned cooperative, launched a proposal Wednesday to build a $1.1-1.4 billion nitrogen fertilizer manufacturing plant in North Dakota that would take advantage of natural gas feedstock to provide U.S. and Canadian farmers with enhanced supplies of crop nutrients.
Pemex to Invest $200M in Shale Gas Exploration Over Three Years
A Mexican government official said state-owned petroleum company Petroleos Mexicanos (Pemex) will spend $200 million over the next three years exploring two shale formations in the country for natural gas.
Transocean Offers $1.5B to Settle DOJ Claims
Transocean Ltd., which owned the Deepwater Horizon drilling rig, has offered to pay about $1.5 billion to settle U.S. claims for the April 2010 deepwater disaster, according to a Securities and Exchange Commission (SEC) filing on Monday.
Partners Slate $500M for NGL Midstream in Liquids-Rich Plays
Investment funds affiliated with Riverstone Holdings LLC, and Kaiser Midstream, a midstream services company owned by Tulsa, OK, billionaire George B. Kaiser, are partnering with Sage Midstream LLC to form a new company with up to $500 million of equity commitments.
Industry Brief
A 10-inch diameter natural gas gathering pipeline owned by Copano Energy LLC ruptured several miles north of Alice, TX, Thursday afternoon. There were no injuries or damage to property in the rural area except for a small grass fire, Copano spokesman Craig Brown told NGI. The pipeline was moving less than 5,000 Mcf/d of gas at the time at less than 500 psi operating pressure. A small amount of production from the field being served by the line is shut in. An investigation is to be conducted into the cause of the explosion, Brown said. Alice is 239 miles southwest of Houston.