Growing natural gas production in the Permian Basin has prompted Atlas Pipeline Partners LP to announce plans for a new 200 MMcf/d cryogenic processing plant, which will be anchored by production from Pioneer Natural Resources Inc.
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Enterprise Products Partners LP is developing two refined products export facilities on the U.S. Gulf Coast to meet demand for additional refined products export capability with production from shale plays backing up the supply.
Anadarko Petroleum Corp. has entered into a $860 million carried-interest arrangement with an undisclosed party for a 12.7% stake in the prospective Heidelberg development project in the deepwater Gulf of Mexico. The arrangement represents nearly all its expected capital requirements through the anticipated date of first ramp-up in mid-2016. The agreement is similar in scope to one secured in 2012 with Inpex Corp. for a 7.2% stake in the Lucius deepwater development, which Anadarko is developing jointly with Heidelberg (see NGI, Aug. 27, 2012). Two truss spars each would have capacity of 80,000 b/d; Lucius is on schedule to achieve first production in 2014.
Contact Exploration Inc. and Pieridae Energy Ltd. have created Pieridae Production LP (PPLP) to focus on natural gas exploration and production in support of Pieridae’s proposed Goldboro LNG Terminal in Guysborough, Nova Scotia. PPLP, which, at least initially, will rely on shale gas in the Frederick Brook Shale.
More than two years into the aftermath of the San Bruno natural gas transmission pipeline rupture and explosion, PG&E Corp. senior executives said Thursday the company is still feeling the aftershocks on its bottom line. They reported a loss for 4Q2012 due to gas pipeline-related issues.
Nebraska Gov. Dave Heineman on Tuesday approved a revised route for the northern portion of TransCanada Corp.’s proposed Keystone XL oil pipeline that would run through his state. He notified both President Barack Obama and Secretary of State Hillary Clinton of his decision in a joint letter.
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.
An investigation by the Canadian Broadcasting Corp. (CBC) has revealed that a political assistant to New Brunswick’s energy minister asked the province’s electric utility, NB Power, to remove anti-shale signs from its utility poles last summer.
Shale and liquids-rich production will be the primary focus for Anadarko Petroleum Corp. this year, with dry natural gas efforts receiving less than 10% of its 2012 exploration and production budget, the Houston-based company said Tuesday.