Tag Archives: company news

ONEOK to Invest $2.3 Billion in Additional NGL and Natural Gas Infrastructure

ONEOK, Inc. today announced plans to invest approximately $2.3 billion between now and 2020 to construct: A new 400,000 bpd natural gas liquids (NGL) pipeline – the Arbuckle II Pipeline – that will create additional NGL transportation capacity between ONEOK’s extensive Mid-Continent infrastructure in Oklahoma and the company’s existing NGL facilities in Mont Belvieu, Texas A new 125,000 bpd NGL fractionator – MB-4 – in Mont Belvieu, Texas, and related infrastructure A new 200 MMcf/d natural gas processing facility – the Demicks Lake plant and related infrastructure – in the Williston Basin “The Arbuckle II Pipeline […]

Open Season Begins for Haynesville Global Access Pipeline

Tellurian today announced that its subsidiary, Haynesville Global Access Pipeline LLC, has launched a non-binding open season to secure prospective shippers for the Haynesville Global Access Pipeline (HGAP), a proposed 42-inch natural gas pipeline connecting the Haynesville and Bossier shale production region to growing natural gas demand in Southwest Louisiana. HGAP is estimated to cost approximately $1.4 billion to construct and will have the capacity to transport up to two billion cubic feet of natural gas per day. Construction is projected to begin in 2022, with an in-service date of mid-2023. HGAP is part of Tellurian’s previously […]

EQT Announces Plan to Separate Midstream Business

EQT Corporation today announced that its Board of Directors has unanimously approved a plan to separate its upstream and midstream businesses, creating a standalone publicly traded corporation (NewCo) that will focus on midstream operations. The separation is expected to be completed by the end of the third quarter 2018. Under the separation plan, EQT shareholders will retain their shares of EQT stock and receive a pro-rata share of the new independent midstream company. Both companies will remain headquartered in Pittsburgh. “The decision to build our midstream business in parallel with upstream growth has created one […]

Gibson Energy to Proceed with Viking Pipeline Project

Gibson Energy Inc. today announced the sanction of the $50 million Viking Pipeline Project, a 120-kilometer oil pipeline in Canada’s Viking Basin that will extend the reach of the existing Provost Pipeline to support development by several regional producers. Once completed, the Viking Pipeline Project will have an initial capacity of 13,300 bpd with the potential to expand to an estimated 25,000 bpd in the future. The project is expected to be placed in service in Q1 2019, and is underpinned by shippers through take-or-pay commitments with an area of dedication.

Senior Management Changes Announced by FirstEnergy

FirstEnergy Corp. today announced management changes designed to aid the company’s transition to a fully-regulated utility. They include: James F. Pearson, currently executive vice president and chief financial officer, named executive vice president, Finance Steven E. Strah, currently senior vice president and president, FirstEnergy Utilities, named senior vice president and chief financial officer Samuel L. Belcher, currently president and chief nuclear officer, FirstEnergy Nuclear Operating Company, named senior vice president and president, FirstEnergy Utilities Jason J. Lisowski, currently controller and treasurer, FirstEnergy Solutions (FES), named vice president, controller and chief accounting officer, FES K. Jon Taylor, currently vice president, controller and chief accounting officer, named president of Ohio Operations Charles D. Lasky, currently senior vice […]

Hydro One Tabs Meneley as Executive Vice President and Chief Corporate Development Officer

Hydro One Limited today announced the appointment of Patrick Meneley as Executive Vice President (EVP) and Chief Corporate Development Officer, effective March 1.  In his new role, he will be responsible for leading strategy, innovation and mergers and acquisitions. Meneley most recently served as EVP, Wholesale Banking at TD Bank Group and Vice Chair and Head of Global Corporate and Investment Banking for TD Securities. “Patrick’s proven track record as a passionate business builder uniquely positions him to drive innovation and growth at Hydro One as we gain momentum in becoming a leading North American utility,” […]

A Whopper of a Tale That’s No Exaggeration

February 2018, Vol. 245, No. 2

When Columbia Gas of Kentucky began looking for better ways to dispose of its surplus expired plastic pipe, some of its workers came up with a plan that turned out to be a fish story worthy of retelling. As chance would have it the employees, who happened to enjoy recreational hunting and fishing, had become aware of a recurring problem the Wildlife Department had been experiencing with the structures it submerged to provide fish with feeding and spawning areas. The habitats were made of wood and tended to rot away after a few years. The...

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Pipeline Firm Involved with Projects Cited for Violations

ROANOKE, Va. (AP) — A construction company hired to build a natural gas pipeline through parts of Virginia and West Virginia had previously worked on projects that were cited for environmental violations. The Roanoke Times reported Saturday that Wisconsin firm Precision Pipeline played a role in projects where pipeline developers failed to comply with plans to control erosion, sediment and industrial waste. The companies for which Precision Pipeline worked were ultimately blamed. The company is the primary contractor for the Mountain Valley Pipeline. It’s involvement with the previous projects has raised concerns among opponents. Repeated […]

Israeli Gas Company Announces $15B Export Deal with Egypt

JERUSALEM (AP) — Israeli energy company Delek Drilling has announced a $15 billion deal to supply natural gas to Egypt. Delek and its U.S. partner, Noble Energy, signed a deal Monday to sell a total of 64 billion cubic meters of gas over a 10-year period to Egyptian company Dolphinus Holdings. Yossi Abu, chief executive of Delek Drilling, said in an interview that the deal is the largest-ever export agreement for Israel’s nascent natural gas industry. He called it “great news” for both countries. He says he expects most of the gas to be used […]

Enbridge Eyes $6.4 Billion In Asset Sale Income

Enbridge plans to divest assets worth US$6.4 billion (C$8 billion) this year, which is more than double the company’s initial divestment plan for the period, sources told the Globe and Mail, asking to remain anonymous because the plans are still private. Last November, the country’s top pipeline operator announced that it would divest some US$2.4 billion (C$3 billion) in non-core assets under pressure from shareholders and rating agencies to do something about its debt. Enbridge will now likely try to use improved appetite for oil assets resulting from the recent positive price developments to shrink […]

TransCanada’s Keystone Pipeline Spill Cleanup on Schedule

AMHERST, S.D. (AP) — TransCanada Corp. says cleanup of a massive on-shore oil spill from Keystone Pipeline in South Dakota is halfway finished. Last November, the pipeline leaked 210,000 gallons of crude oil onto agricultural land in Marshall County, one of the largest on-shore oil spills in the U.S. since 2010. TransCanada spokeswoman Robynn Tysver told Aberdeen American News that the work has transitioned from excavation of the Amherst site to its remediation to original condition. “All of the excavation work at the site has been completed, and most of the impacted soil has been […]

TransCanada to Proceed with $2.4 Billion NGTL Expansion

TransCanada Corporation today announced that it will move forward with a $2.4 billion expansion of its NGTL System to connect incremental supply and expand basin export capacity by one Bcf/d of natural gas at the interconnection with its Canadian Mainline. The company recently completed an open season for existing and export capacity at the Empress/McNeill Export Delivery Point that was oversubscribed. Shippers have executed binding agreements for 1.0 Bcf/d of expansion capacity for firm service that will commence in November 2020 and April 2021. The average of the contract terms awarded for the expansion capacity is […]

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