Dakota Access Pipeline (DAPL) backer Energy Transfer Partners LP is suing Greenpeace International and numerous other environmental groups that organized the much-publicized protests against the project, claiming the groups violated federal racketeering laws and committed terrorist acts.
Articles from Transfer
The proposed buyout of The Williams Companies (WMB) by Energy Transfer Equity LP (ETE) stumbled again Wednesday when ETE disclosed in a regulatory filing substantially lower expected benefits from combining the companies, due to the collapse in oil and natural gas prices.
House Republicans are pushing legislation that would transfer authority to approve natural gas exports from the Department of Energy (DOE), which has granted two export requests, to FERC, which has only approved one export terminal.
Energy Transfer’s Trunkline LNG Export LLC and Gasfin Development USA LLC have joined the conga line and filed separate applications with the Department of Energy (DOE) to export liquefied natural gas (LNG) from Louisiana.
Summit Midstream Partners LLC and Energy Transfer Partners LP unit La Grange Acquisition LP have agreed for Summit to acquire ETC Canyon Pipeline LLC for $207 million. Canyon gathers and processes gas in the Piceance and Uinta basins in Colorado and Utah. The gathering and processing system consists of more than 1,600 miles of pipeline, 44,000 hp of compression, processing assets with capacity of 97 MMcf/d, and two natural gas liquids injection stations. The deal is expected to close during the fourth quarter subject to regulatory approvals and conditions.
Marathon Oil Corp. and Cook Inlet Natural Gas Storage Alaska (CINGSA) reached an agreement for Marathon Alaska Production LLC to transfer gas from its storage facility at the Kenai Gas Field to CINGSA’s nearby storage facility to cover potential gas supply shortfalls this winter, the companies said. Cook Inlet operates its facility on behalf of area utilities. “We appreciate Marathon’s offer to sell additional gas volumes that help CINGSA meet our base gas requirements,” said CINGSA Vice President Colleen Starring. “Given the nature of the two companies’ storage facilities, these gas transfers will result in a net increase in gas deliverability for the winter peak demand period, thus increasing confidence in meeting winter peak energy needs this year.” Marathon said its Kenai Gas Field storage facility has been available to meet emergency gas needs in the southcentral Alaska.
In response to the booming development in the Bakken Shale play, Kinder Morgan Interstate Gas Transmission LLC (KMIGT) is seeking FERC authorization to transfer a portion of its Pony Express natural gas pipeline to an affiliate to transport crude from the Bakken to key refinery centers.
Chesapeake Energy Corp. on Tuesday announced that it would lay off 70 employees from its Barnett Shale workforce and transfer other staff members, leaving about 700 in its North Texas offices.