Air Liquide Large Industries U.S. LP announced two projects in Freeport, TX, for its Gulf Coast pipeline and hydrogen/syngas businesses. The first project went on-line in March and has increased the supply of hydrogen purification and compression capacity to Air Liquide’s hydrogen pipeline system. The second project is expected to go online in 2014 and involves the construction of a new liquid oxygen storage and vaporization facility at the Freeport air separation unit complex to supply oxygen to the Gulf Coast pipeline network. This new installation represents an increase of nearly 25% over current storage and vaporization capacities on the networkd. Hydrogen gas is used by refiners to produce cleaner burning fuels, among other industrial uses. Government regulations calling for reductions in fuel emissions have increased demand for hydrogen. Growth in industrial gas demand is also anticipated as a result of the cost advantages resulting from low-priced natural gas, the company said.
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California Gives $5.6M for Clean Transportation
As part of its ongoing $100 million annual clean transportation program, California energy officials approved another $5.58 million in grants Wednesday to multiple projects, and separately a regional air pollution control board added $3.8 million for hydraulic hybrid gas-powered and other heavy duty fleet vehicles operating in the air quality region.
MDU to Quench North Dakota Diesel Thirst
As part of its proposed joint venture diesel refinery slated to process 20,000 b/d of Bakken crude oil by next year, Bismarck, ND-based MDU Resources Group has a strategy aimed at its exploration and production (E&P) and midstream infrastructure businesses sharing in the continuing boom in its home state.
MDU Resources Ties Growth to Bakken Boom
Bismarck, ND-based MDU Resources Group is aligning its utility, construction, midstream infrastructure and exploration/production (E&P) businesses so each one profits and grows with the continuing hydrocarbon boom in the Bakken, the MDU senior executives emphasized in a half-day financial analysts meeting Thursday in New York City.
Vanguard Is Oil/Gas ‘Agnostic,’ Focused on Margin
Unlike many producers today, Vanguard Natural Resources LLC is not necessarily focused on oil and natural gas liquids (NGL)-rich acquisitions. The company has done recent deals for both liquids and dry gas assets, instead focusing on margin and how the properties fit into its structure, CEO Scott Smith said Monday.
Range Hits Record for Oil, NGLs Output
Range Resources Corp. said Wednesday its production volumes in 4Q2012 hit a record 844 MMcfe/d, 35% higher year/year, which it attributed in large part to oil and natural gas liquids (NGL) growth in liquids-rich shale plays, presumably the Marcellus Shale and the Mississippian Lime.
Spectra Lands Express-Platte Oil Pipelines for $1.49B
Houston-based Spectra Energy Corp. said Tuesday it has secured one of the three major pipeline systems that move western Canadian crude oil to refineries in the Rockies and Midwest, agreeing to purchase the entire ownership interest in the 1,717-mile Express-Platte Pipeline System. The deal is expected to close in the first half of 2013.
U.S. Shale Boom Attracts Foreign Chemical, Service Firms
Although many of its nations have so far spurned their own shale development, European chemical and energy service companies are benefiting from the U.S. shale gas development and the resulting low natural gas prices on this side of the Pond, according to an American Chemistry Council (ACC) economist.
Enviros Target FERC Order on Transco Marcellus Project
Some of the same environmental groups that have asked FERC to reconsider a May order approving Tennessee Gas Pipelines’ Northeast Upgrade Project have asked the agency to rescind its order approving Transcontinental Gas Pipe Line’s (Transco) Northeast Supply Link project until a full environmental impact statement has been conducted.
Most EQT Spending, Drilling in 2013 Will Target Marcellus
EQT Corp. plans to spend $1.5 billion on capital expenditures (capex), drill more than 170 wells and invest $320 million in midstream projects in 2013, according to the company’s operational forecast released Tuesday.
