The Environmental Partnership, a coalition of oil and natural gas producers formed to accelerate improvements to environmental performance in U.S. onshore operations, said Wednesday it has expanded its membership to midstream companies. The addition of pipeline companies has more than tripled the organization’s membership to 83 participants. The Environmental Partnership was formed in December 2017.…
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U.S. methane emissions from the oil and natural gas industry are decreasing relative to the nation’s total production, according to the American Petroleum Institute (API), which is part of a collaborative industry effort aimed at tackling the problem.
NGL Energy Partners LP has acquired the assets of High Roller Wells LLC’s Big Lake SWD No. 1 Ltd., a Texas limited partnership. The Big Lake acquisition expands NGL’s water services business by adding a high-capacity, strategically located, oil and gas water disposal facility to its portfolio of water treatment and gathering infrastructure. The acquisition brings an 25,000 barrels of disposal capacity in the growing Permian Basin in West Texas, the company said.
With acquisitions and infrastructure agreements in hand, Waltham, MA-based Global Partners LP, a publicly traded master limited partnership, is establishing a “virtual pipeline” for shipping North Dakota Bakken and Canadian crude oil to refineries on both the U.S. West and East Coasts.
The United States has completed its bilateral consultations with Japan for the country’s membership in the Trans-Pacific Partnership (TPP). If ultimately approved, membership is seen as potentially aiding U.S. liquefied natural gas to Japan (see Daily GPI, March 19). “Since November 2011, the United States has been engaged in consultations with Japan focused on Japan’s readiness to meet the TPP’s high standards for liberalizing trade and investment, and to address specific bilateral issues of concern in the automotive and insurance sectors, as well as other Japanese non-tariff measures,” said Acting U.S. Trade Representative Demetrios Marantis. “…[W]e are pleased to welcome Japan’s participation in the TPP negotiations pending a consensus agreement among the current TPP members and the completion of our respective domestic processes.” Through the TPP, the United States and 10 Asia-Pacific countries are seeking to negotiate a next-generation, regional trade agreement.
Japanese Prime Minister Shinzo Abe said his country wants to be included in the Trans-Pacific Partnership (TPP), which could hasten the export of liquefied U.S. gas to Japan. TPP currently encompasses 11 nations in Asia and the Americas. Randy Bhatia, an analyst with Capital One Southcoast, said Japan’s membership in TPP could boost efforts to export LNG to the country.
The Environmental Defense Fund (EDF) and West Virginia University have formed a partnership with eight companies/groups to study the fugitive emissions of methane associated with the routine operation of natural gas fleet vehicles fueled by compressed or liquefied natural gas (LNG).
KW Express LLC a partnership of Kinder Morgan Energy Partners LP (KMP) and Watco Companies LLC, has entered into a long-term agreement with Mercuria Energy Trading Co. Inc. to construct a 210,000 b/d crude-by-rail project at the Greens Port Industrial Park on the Houston Ship Channel. The project will allow Mercuria Energy Trading Inc. to source crude from various locations, including Cushing, OK, West Texas, the Bakken Shale area and Western Canada for delivery by rail into the Houston Ship Channel for distribution to various refiners via pipeline and barges. The facility will have the capability to unload and load up to three unit trains per day of crude oil and condensate as well as provide for up to 100,000 b/d of barge loading capacity. KW Express will own 85% of the project and, together with Watco, operate the project once completed. Mercuria will own the remaining 15% interes
Enterprise Products Partners LP infrastructure bounced back from Hurricane Katrina in 2005 and a fire at Mont Belvieu, TX, in 2011, and the partnership will weather the current “tsunami of natural gas liquids (NGL)” that is ravaging margins in the light end of the NGL barrel, Enterprise COO Jim Teague told financial analysts Thursday.
Enterprise Products Partners LP infrastructure bounced back from Hurricane Katrina in 2005 and a fire at Mont Belvieu, TX, in 2011, and the partnership will weather the current “tsunami of natural gas liquids (NGL)” that is ravaging margins in the light end of the NGL barrel, Enterprise COO Jim Teague told financial analysts last Thursday.