Williams

Williams Selling Geismar Olefins Plant to Nova For $2.1B

Williams Partners LP is selling all of its interest in Williams Olefins LLC, which owns an 88.46% stake in the Geismar, LA, olefins plant and associated complex, to Nova Chemicals for $2.1 billion in cash.

April 17, 2017
Williams, Western Gas Complete Swap of Permian, Appalachian Assets

Williams, Western Gas Complete Swap of Permian, Appalachian Assets

Williams Partners LP has completed a deal that boosts its ownership interest in two Marcellus Shale natural gas gathering systems in northern Pennsylvania with a combined throughput of 1.6 Bcf/d.

March 31, 2017

Atlantic Sunrise Waiting For Keystone State Greenlight

The Keystone State is currently seen by Williams CEO Alan Armstrong as the most significant regulatory piece yet to fall into place for Transcontinental Gas Pipeline’s (Transco) Atlantic Sunrise project.

February 17, 2017

Williams Adds to Appalachian Position in Delaware Basin Exchange With Western Gas

Williams Partners LP said late Thursday that it would increase its ownership stake in two Marcellus Shale natural gas gathering systems in northern Pennsylvania through an exchange of Permian Basin assets and a $155 million cash payment from Western Gas Partners LP.*

February 10, 2017

FERC Green Lights Major Northeast Takeaway Project With Certificate for Atlantic Sunrise

FERC late on Friday approved Williams Partners’ Atlantic Sunrise project, delivering a last minute gift to producers in the Marcellus Shale’s northern tier before the Commission is left without a quorum as Commissioner Norman Bay was scheduled to resign at the end of the day.

February 3, 2017

Williams, Williams Partners Agree on $11.4B IDR Waiver; Plan to Simplify Structure

Williams (WMB) and Williams Partners LP (WPZ) Monday afternoon said they have agreed to an incentive distribution rights (IDR) waiver transaction worth about $11.4 billion, bolstering WPZ’s credit rating and lowering its cost of capital. WMB also said it has identified further noncore assets to be sold and announced a public offering of 65 million common shares.

January 9, 2017

Williams’ Armstrong: Northeast Basis Will Collapse in Time

Williams/Williams Partners LP process to sell or find a tolling agreement for its Geismar, LA, olefins plant is in full swing. Meanwhile, adjustments have been made to the schedule for the Atlantic Sunrise project to accommodate a regulatory delay, CEO Alan Armstrong told analysts during a conference call Monday.

October 31, 2016
Williams Pushes Back In-Service For Atlantic Sunrise Based on FERC Review Timeline

Williams Pushes Back In-Service For Atlantic Sunrise Based on FERC Review Timeline

Williams Partners LP is delaying the target in-service date for its Atlantic Sunrise expansion project to mid-2018, with partial service on the project starting in late 2017, it said Friday.

October 28, 2016
Williams to Appeal $13.6M Jury Award For Geismar Explosion

Williams to Appeal $13.6M Jury Award For Geismar Explosion

A jury in Iberville Parish, LA, has awarded a total of $13.6 million to four men who were injured in a June 2013 explosion and fire at Williams’ Geismar, LA, olefins plant. Williams said it will appeal the verdict.

September 27, 2016

Enterprise Products And Williams? Oh, Nevermind

Companies never like to comment on “rumors or speculation,” but sometimes all the gossip can be too much for a multi-billion-dollar organization to bear. Enterprise Products Partners LP and Williams are an example.

September 9, 2016
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