Natural gas pipeline owner Williams Cos. moved into the financial win column in the fourth quarter of 2004 due in part to a gain associated with an insurance arbitration award and reduced debt levels.
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Oil and natural gas production from the Gulf of Mexico Holstein spar ramped up earlier this month, according to BP plc, the 50% owner and operator. At peak production, the facility will produce more than 100,000 bbl of oil and 90 MMcf/d of natural gas. Holstein, which is also 50% owned by Shell EP Americas, is about 100 miles south of Grand Isle, LA, and is located in approximately 4,300 feet of water in Green Canyon Block 645. The spar is the largest of its kind in the world. Production began on Dec. 9 and will increase over the next year as additional wells are completed and brought online. The Holstein development consists of a truss spar, equipped with facilities for simultaneous production and drilling operations. Oil from Holstein will be transported via the Mardi Gras Transportation System to Ship Shoal 332B, where it will interconnect with the Cameron Highway Oil Pipeline System (CHOPS). Holstein gas will be exported to Ship Shoal 332A, where it will interconnect with Manta Ray Gathering System, and from there to the Nautilus Gas Transportation System into Louisiana. Holstein was discovered by BP in 1999 using the Ocean America mobile offshore drilling unit.
Deepwater Holstein Project Ramps Up in GOM
Oil and natural gas production from the Gulf of Mexico Holstein spar ramped up last week, according to BP plc, the 50% owner and operator. At peak production, the facility will produce more than 100,000 bbl of oil and 90 MMcf/d of natural gas.
Deepwater Holstein Project Ramps Up in GOM
Oil and natural gas production from the Gulf of Mexico Holstein spar ramped up last week, according to BP plc, the 50% owner and operator. At peak production, the facility will produce more than 100,000 bbl of oil and 90 MMcf/d of natural gas.
KeySpan Expands Canadian Midstream Presence with EnerPro Acquisition
Calgary-based KeySpan Facilities Income Fund, the trust owner of KeySpan Energy Canada, announced plans Wednesday to acquire EnerPro Midstream Co. from Chevron Canada Resources for C$268.5 million. KeySpan, one of Canada’s largest natural gas midstream operators, will pick up EnerPro’s interests in its five gas processing plants and associated gathering systems located in the Western Canadian Sedimentary Basin (WCSB).
KeySpan Expands Canadian Midstream Presence with EnerPro Acquisition
Calgary-based KeySpan Facilities Income Fund, the trust owner of KeySpan Energy Canada, announced plans Wednesday to acquire EnerPro Midstream Co. from Chevron Canada Resources for C$268.5 million. KeySpan, one of Canada’s largest natural gas midstream operators, will pick up EnerPro’s interests in its five gas processing plants and associated gathering systems located in the Western Canadian Sedimentary Basin (WCSB).
Analysts: Marathon Acquisition to Enhance Upstream in Long Term
Marathon Oil Corp.’s decision last week to become the sole owner of Marathon Ashland Petroleum LLC (MAP) will strengthen its business mix and long-term strategy, and the transaction eventually will enhance the growth of its emerging integrated natural gas business, analysts said.
Analysts: Marathon Acquisition to Enhance Upstream in Long Term
Marathon Oil Corp.’s decision last week to become the sole owner of Marathon Ashland Petroleum LLC (MAP) will strengthen its business mix and long-term strategy, and the transaction eventually will enhance the growth of its emerging integrated natural gas business, analysts said.
EnCana Plans to Build 8 Bcf Storage Facility in Louisiana
EnCana Gas Storage, the largest independent natural gas storage owner and operator in North America, has announced plans to build a new high-deliverability gas storage facility in southwestern Louisiana.
EnCana Plans to Build 8 Bcf Storage Facility in Louisiana
EnCana Gas Storage, the largest independent natural gas storage owner and operator in North America, has announced plans to build a new high-deliverability gas storage facility in southwestern Louisiana.