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NEWS Click on text to read news by category: General | Product | People | Worldwide

Phillips 66 Partners Launch Open Season for Gray Oak Pipeline, Texas

November 12, 2018

Phillips 66 Partners said that Gray Oak Pipeline is launching a binding expansion open season to solicit shipper commitments for services from West Texas. The expansion open season will provide an opportunity for interested shippers to secure long-term crude oil

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Western Gas to Acquire Anadarko’s Midstream Assets for $4 Billion

November 12, 2018

US-based oil and gas company Anadarko Petroleum has agreed to divest almost all its remaining midstream assets to its Delaware Basin-focused master limited partnership Western Gas Partners (WES) in a cash-cum-stock deal worth $4.01bn. In this regard, Anadarko Petroleum will

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Oasis Petroleum to Divest Stake in Midstream Assets to OMP for $250 Million

November 12, 2018

US-based Oasis Petroleum has agreed to divest additional stakes in its midstream business Bobcat DevCo and Beartooth DevCo to its master limited partnership Oasis Midstream Partners (OMP) in a deal worth $250m. In Bobcat DevCo, Oasis Petroleum will be selling

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Xcel Energy to Acquire Southern Power’s Mankato Energy Center for $650 Million, Minnesota

November 12, 2018

Southern Power has agreed to offload the Mankato Energy Center, a natural gas power plant with a capacity of nearly 760MW in Minnesota, to Xcel Energy for $650m. The Mankato Energy Center, located in Mankato, comprises a 375MW combined-cycle generation

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Mountain Valley Pipeline Files FERC Application to Build Southgate Interstate Natural Gas Pipeline

November 9, 2018

Mountain Valley Pipeline applied to the Federal Energy Regulatory Commission (FERC) for authorization to build the MVP Southgate project, a proposed interstate natural gas transmission pipeline designed to provide reliable, cost-effective access to natural gas to meet increasing residential and

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Xcel Energy to Acquire Southern Power’s Mankato Energy Center, Minnesota

November 9, 2018

Xcel Energy has agreed to purchase the Mankato Energy Center, a 760-megawatt natural gas power plant from Southern Power, a subsidiary of Atlanta-based Southern Company. The plant currently provides power to Xcel Energy customers under a power purchase contract. “Securing

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Massif Oil & Gas II Form Partnership with NGP to Develop Powder River Basin Assets

November 9, 2018

Massif Oil & Gas II, LLC has partnered with NGP to form Massif II. Massif II will leverage its proprietary relationships and operational expertise to acquire and develop top-tier oil-weighted assets in the Powder River Basin. The Bozeman, Montana based

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Energy Transfer to Build Seventh Fractionation Facility and Expand Lone Star Express Pipeline

November 9, 2018

Energy Transfer’s subsidiary, Lone Star NGL, will construct a seventh natural gas liquids (NGL) fractionation facility at Mont Belvieu, Texas. Fractionator VII is scheduled to be operational in the first quarter of 2020. The 150,000 barrel per day fractionator is

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Conestoga Energy Halts Production at Diamond Ethanol Facility, Texas

November 9, 2018

Conestoga Energy Holdings said it is temporarily halting production at Diamond Ethanol, LLC located at Levelland, Texas. “Given current ethanol production economics, we felt it in the best interest of our company and the industry to take gallons off the

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Pieridae Secures Construction Permit for Goldboro LNG Facility, Nova Scotia

November 8, 2018

Pieridae Energy has secured approval from the Nova Scotia Utility and Review Board (NSUARB) to move ahead with the construction of its Goldboro LNG Facility, The Goldboro LNG Facility is an export and storage liquefied natural gas (LNG) project in

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