Archive for 'Industry news'

The $11 billion Nord Stream 2 project to add a second Russian trans-Baltic gas export pipeline will be implemented regardless of how new U.S. sanctions are interpreted, an official at Gazprom told a conference call.

Gazprom

Two subsidiaries of Energy Transfer Partners, Energy Transfer Interstate Holdings, LLC and ET Rover Pipeline LLC, announced July 31 that they would be selling a 49.9% interest in HoldCo, which owns a 65% interest in the Rover Pipeline

Construction officially begins today on the 622-kilometre-long Northern Gas Pipeline to run from Tennant Creek to Mt Isa, with more than 90 people attending a sod-turning ceremony at the Phillip Creek compressor station.

The $800 million pipeline will connect the Northern Territory to the national gas grid, and has been touted as a possible solution to the supposed east coast gas shortage.

Michael Pintabona, spokesman for the company behind the project, Asian conglomerate Jemena, said the pipeline was being built to transport ...

Dallas-based Energy Transfer Partners completed a $2 billion sale of stakes in the controversial Dakota Access Pipeline, which restarted construction this week after receiving regulatory approval from the U.S. Army Corps of Engineers. Energy Transfer sold a 36.8 stake in the roughly $4 billion pipeline project to affiliates of Calgary-based Enbridge and Ohio-based Marathon Petroleum. That includes 27.6 percent to Enbridge and 9.2 percent to Marathon. The deal reduces Energy Transfer ownership to a controlling 38.25 percent, while ...

Sunoco Logistics has entered into a strategic joint venture (JV) with ExxonMobil, called Permian Express Partners, to combine certain areas of their crude oil logistic assets. As part of the agreement Sunoco will contribute its Permian Express 1 and 2, Permian Longview, and Louisiana Access pipelines. ExxonMobil will contribute its Longview to Louisiana and Pegasus pipelines, its Hawkins gathering system, an idle pipeline in southern Oklahoma, and its terminal in Patoka, Illinois. The JV has been created to establish a ...