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).
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Industry Brief
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’s Teague: Ethane Margins to Be Anemic, Volatile
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 COO: Ethane Margins Anemic, Volatile
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.
Kinder, Shell In LNG Export Venture
Units of Royal Dutch Shell plc and Kinder Morgan Inc. are forming a partnership to develop a natural gas liquefaction and export plant in two phases at Southern LNG Co. LLC’s Elba Island LNG Terminal near Savannah, GA.
Kinder Morgan and Shell Partnering on Elba Island LNG Export
Units of Royal Dutch Shell plc and Kinder Morgan Inc. are forming a partnership to develop a natural gas liquefaction and export plant in two phases at Southern LNG Co. LLC’s Elba Island LNG Terminal near Savannah, GA.
QEP Seeking Cash Infusion With New Midstream MLP
QEP Resources Inc. plans to form a master limited partnership (MLP) to support the growth of its midstream business and expects to raise $300-400 million in gross proceeds by selling a minority interest in the MLP, the Denver-based exploration and production (E&P) company said.
BG Group Plans to Cut U.S. Drilling
BG Group, whose global expertise is centered around natural gas, on Wednesday said it plans to slash U.S. drilling, as well as other global gas-weighted projects, because of low commodity prices.
Industry Brief
Spectra Energy Partners LP is acquiring a 38.76% interest in Maritimes & Northeast Pipeline LLC (M&N) from Spectra Energy Corp. for $319 million in cash and $56 million in newly issued partnership units. M&N owns a 338-mile mainline interstate natural gas pipeline that extends from the border of Canada near Baileyville, ME, to northeastern Massachusetts with delivery capability of 0.8 Bcf/d. The pipeline’s location and interconnects with Spectra’s transmission system link regional natural gas supplies to the Northeast United States and Atlantic Canadian markets. M&N cash flows are backed by an average contract life of approximately 19 years and more than 90% fee-based revenues. The deal is being be through a combination of debt and equity; closing is set for the end of October.
NuStar Holding Open Season for Niobrara Crude Project
NuStar Logistics LP, an affiliate of NuStar Energy LP, is holding a binding open season for firm priority space to transport crude petroleum from the Niobrara Shale near Platteville and Watkins, CO, to Wichita Falls, TX.