Phillips

Kleinschmidt Associates reported that it has entered into a strategic alliance with Tom Russo of Russo on Energy, LLC to strengthen its natural gas and oil infrastructure and environmental services offerings. The company said Russo, who spent more than 30 years as a manager and energy analyst at the Federal Energy Regulatory Commission (FERC), will complement Kleinschmidt’s natural gas energy expertise in reducing permitting schedules and associated costs while addressing the permitting, engineering and biology associated with mitigation for natural gas, oil and natural gas liquids pipelines, and liquefied natural gas clients. Russo will work with Kleinschmidt Senior Vice President Scott Ault and Senior Project Manager Kelly Schaeffer on all oil and natural gas services projects. Currently, Russo and Kleinschmidt are conducting training on the company’s Pipeline Waterbody Risk Assessment tool and FERC’s hydroelectric project relicensing in Houston and Washington, DC, respectively.

Two workers were hospitalized and one was missing following a fire Thursday evening at the Phillips 66-operated Paradis Pipeline Station, which is a 30-minute drive west of New Orleans.

DCP Midstream LLC (Midstream) and DCP Midstream Partners LP (DPM) have combined to create the largest natural gas liquids (NGL) producer and natural gas processor in the United States, the companies said Wednesday.

Phillips 66 said its Freeport LPG Export Terminal in Freeport, TX, is now fully operational. The company loaded its first contracted cargo on the Commander, a very large gas carrier that departed the terminal Friday.

While still taking a cautious approach to investment due to the current business climate, Houston-based Phillips 66 said Friday that more than half of its 2017 capital budget will be allotted to the company’s natural gas liquids (NGL) and transportation businesses, with 85% of that targeting growth projects.

Bear Head LNG Corp. Inc.has agreed to purchase additional land from Nova Scotia Business Inc. for its proposed liquefied natural gas (LNG) facility on the Strait of Canso in Richmond County, Nova Scotia. “It enables us to increase the capacity of the LNG facility from a nominal eight million tonnes per annum (mtpa) up to 12 mtpa in 2024, as per our approval from the National Energy Board,” said Bear Head President Maurice Brand. Bear Head is to acquire an additional 72 acres of land directly adjacent to its existing 255-acre site on the Strait of Canso. Bear Head has approval from the U.S. Department of Energy to export U.S.-sourced natural gas nations with and without free trade agreements with the United States (see Daily GPI,Feb. 8). Canada’s National Energy Board has granted Bear Head approval to export up to 12 mtpa. Bear Head said it has all the initial federal, provincial, and municipal regulatory approvals required to begin project construction.

Phillips 66 plans to spend $3.6 billion on capital expenditures (capex) in 2016, an 18.1% decrease from 2015, while earmarking an additional $2 billion for an increase in the company’s share repurchase program.

Warren Buffett’s Berkshire Hathaway Inc. on Friday disclosed a near-11% stake worth $4.48 billion in Phillips 66, improving its bet on growth in U.S. pipelines and onshore liquids.

A trio of companies has proposed to construct the Bayou Bridge pipeline to carry crude oil from the Phillips 66 and Sunoco Logistics Partners LP terminals in Nederland, TX, to Lake Charles, LA.