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A subsidiary of the San Ramon, Calif.-based company signed an agreement with a JOVO subsidiary for the delivery of up to 0.5 million metric tons per annum of LNG over five years.
The Dallas company sold substantially all of its assets, which included about 95,000 net acres and 380 miles of associated gathering and processing infrastructure in North Louisiana and North Texas, to Aethon United for an undisclosed amount.
The plant, which started-up in February and has exported 18 cargoes to date, can produce around 4.5 million tonnes of LNG per year from its one existing production line, known as train 1.
Husky Energy created a new midstream LP after jettisoning part of its stake in select midstream assets in the Lloydminster region of Alberta and Saskatchewan for C$1.7 billion.
The Marcellus and Utica shale plays have vast amounts of natural gas available, so how can midstream companies create the necessary takeaway capacity?
Tulsa, Oklahoma-based Williams, whose deal with Energy Transfer Equity fell through last month, is working with Barclays Plc and Toronto Dominion Bank on the sale, the sources said.
The June 3 accident, in which nearly a dozen rail cars in a 96-car Union Pacific train carrying crude derailed and burst into flames about 70 miles from Portland, Ore., rekindled oil-by-rail safety concerns, Reuters reported.
The move will give Valero increased access to the eastern U.S. by connecting the pipeline to Colonial Pipeline Co.'s system that runs from Houston to New York Harbor. The company didn't disclose the price it paid.
By 2017, a combination of exports to Mexico and LNG shipments could help gas producers with natural gas to spare.
The deal will lower KMI’s debt while keeping it in play for power generation needs in the southeastern U.S.
Jim Lelio, TopSail’s CEO, said that the company plans to have a long-term national processing arrangement and will construct several regional locations for this plan across the U.S. over the next 18 months.
Pioneer expects to use the sale proceeds fto fund its drilling program across the company's extensive acreage position in the Spraberry/Wolfcamp Play in the Permian Basin of West Texas.