Friday, June 22, 2018

S Natural Gas Liquids News

Technip Bags Gas & Petrochemical Complex contract in Azerbaijan

Courtesy Technip

Technip has been awarded by SOCAR GPC a service contract for the ethylene and cryomax technology licenses respectively for a petrochemical complex and for the NGL(1) recovery section of a gas processing plant, which is part of a new gas and petrochemical complex, located in Garadagh, Azerbaijan.

DCP Midstream Partners to buy Philips-Spectra Assets

DCP Midstream Partners LP said on Wednesday it had signed a deal to acquire all the assets of a joint venture between Phillips 66 and Spectra Energy Corp. The deal will create the largest natural gas liquids producer and gas processor in the United States with an enterprise value of $11 billion.

Pennsylvania Halts ETP Sunoco Mariner East Pipeline Again

Photo: Sunuco Pipeline

An administrative law judge for the Pennsylvania Public Utility Commission (PUC) granted a request to stop construction on Energy Transfer Partner LP's (ETP) Mariner East 2 and 2X pipelines and halt flows on the existing Mariner East 1 natural gas liquids pipe.* Katie Bays…

Phillips 66 to Expand Texas Natural Gas Liquids Project

© zorandim75 / Adobe Stock

U.S. oil refiner Phillips 66 said on Wednesday it planned to spend up to $1.5 billion on the expansion of its natural gas liquids project in Sweeny, Texas.The expansion includes the construction of two natural gas liquids fractionators, with a capacity of 150…

Canada's AltaGas to Jointly Build Natgas Processing Plant

Energy infrastructure company AltaGas Ltd said it would jointly build a natural gas processing plant and a natural gas liquids separation train with a privately held producer in the Montney shale play in western Canada. AltaGas said on Monday that while the deep-cut processing facility will be jointly owned…

Gas Industry Lessons for U.S. Oil Producers

The United States produced a record 25.7 trillion cubic feet of natural gas in 2014 according to preliminary estimates published by the Energy Information Administration (EIA) on Feb 27. Gas production has risen 27 percent since 2008 even though the number…

Missing worker dead in Phillips 66 pipeline blast

A worker missing since a Thursday night explosion at a Phillips 66 natural gas liquids pipeline station in Louisiana is believed dead, the company said on Saturday. The on-going fire at the onshore Paradis, Louisiana, pipeline station has forced a gas pipeline…

Most Norwegian Oil Workers Agree to Wage Deal

File photo: Harald Pettersen / Statoil

Energy firms operating offshore Norway on Wednesday agreed wage deals for 2017 with the two largest trade unions representing oil and gas workers, while talks with a smaller union will continue at a later stage under mandatory mediation rules. Industri Energi and Safe…

Amec Foster Wheeler wins Aramco Oilfield Deal

British oil and gas services company Amec Foster Wheeler said on Thursday it won a contract to provide design and project management for the expansion of Saudi Aramco's Marjan offshore oilfield. Amec Foster Wheeler during the five-year contract will deliver pre-front end engineering and design (pre-FEED)…

Norway Oil & Gas Output at Risk if Labor Walks

File Image: a typical offshore North Sea installation (Credit: Statoil)

Five Norwegian oil and gas fields will shut down production unless a wage deal is agreed with the Lederne trade union, an industry lobby group said on Friday. The shutdown would affect fields operated by Statoil , Shell and Eni and would cut output by 443…

OPEC Oil Supply Lost in Fog of Data

The Organization of the Petroleum Exporting Countries coordinates the policies of its members by giving each of them a production allocation rather than limiting how much they can export. OPEC agreements have been specified in terms of output rather than…

New Definitions Needed for Condensate, Gas Liquids

"A rose by any other name would smell as sweet," William Shakespeare wrote in "Romeo and Juliet". But he was not working for the U.S. government and trying to define what constitutes condensate and natural gas liquids. A simple and workable definition might…

Total, Eni, Statoil Seek to Shed Teesside Terminal Stakes

Total, Eni and Statoil are seeking buyers for their stake in the Teesside oil terminal in northern England, which receives crude from the Norwegian Ekofisk fields, part of the global Brent benchmark, banking sources said. The sale is run jointly by investment bank Rothschild and may fetch as much as $400 million…

Keyera, Chevron Ink NGL Transport, Storage Deal

Canadian pipeline operator Keyera Corp said on Tuesday it signed a 20-year agreement with Chevron's Canadian unit to transport and store natural gas liquids (NGL). Under the deal, Chevron will deliver about 50 percent of its NGL from its Kaybob Duvernay operations near Fox Creek…

ICE Moving Oil Contracts to U.S. as MiFID II Implement

File Image (CREDIT: AdobeStock / (c) scanrail)

The Intercontinental Exchange (ICE), one of the world's biggest commodity exchanges, is shifting the trading of some oil contracts to the United States, the exchange said in a statement, as customers balk at new European Union rules. The EU's revamped Markets in Financial Instruments Directive…

Anadarko Posts Quarterly Profit on Higher Crude Prices

(Photo: Anadarko)

Anadarko Petroleum Corp on Tuesday beat analysts' estimate for quarterly profit, helped by improved crude oil prices and lower costs. Crude prices are recovering from the lows hit in 2016 after a global crude oil glut. The company cut its 2018 capital investment outlook to a range of$4.1 billion to $4.5 billion…

Phillips 66 Partners to buy Logistics Assets from Phillips 66

Phillips 66 Partners LP said it agreed to buy crude, refined products and natural gas liquids logistics assets from Phillips 66 for $1.3 billion. Phillips 66 Partners plans to fund the deal with debt and $196 million in new units of Phillips 66 Partners issued to Phillips 66. Reporting by Arathy S Nair

Oil Producer Norway Starts Wage Talks to Avert Widespread Strikes

© Elmer Laahne / Adobe Stock

Norwegian employers and labour unions embarked on four weeks' of wage talks on Monday to stave off widespread strikes that risk impacting output in western Europe's biggest crude producer. Unlike most years, in which wages are set on an industry-by-industry basis to reduce complexity…

Phillips 66 Profit Beats on Strength in Midstream Units

Phillips 66 reported a better-than-expected quarterly profit on Friday, helped by profitability at two of its midstream units. Shares of the company, which cut costs to weather weakness in its refining business, were up slightly at $80.58 in early trading. U.S.

Petrobras March Production Dips

GerarNova Image courtesy Petrobras

Petrobras reports that, in March its total production of oil and gas, including natural gas liquids (NGL), was 2.66 million barrels of oil equivalent per day (boed), with 2.56 million boed produced in Brazil and 99 thousand boed produced abroad. Total production…