Pipelines

Major step forward for Constitution pipeline at FERC

Source: 
FuelFix

The Federal Energy Regulatory Commission staff has cleared the Constitution pipeline on its environmental impact, leaving Commissioners to make the final decision on the project, which is intended to add some 650 million cubic feet of natural gas capacity in New York and New England, FuelFix reports.

Crestwood to seek binding contracts for New England pipeline

Source: 
FuelFix

Crestwood Midstream Partners says it will start seeking binding contracts in November for its proposed 30-mile MARC II natural gas pipeline in New England, having attracted nonbinding commitments for 700 million cubic feet per day already, FuelFix reports.

Kinder Morgan posts strong third quarter on pipelines, terminals

Source: 
Reuters

Kinder Morgan Energy Partners, the largest U.S. pipeline company, posted a third-quarter profit of $976 million on strong performance from pipelines and terminals, up from $697 million in the same period last year, Reuters reports.

Texas firm, Pemex to develop cross-border pipeline

Source: 
FuelFix

Texas-based NuStar energy and Mexico's Petroleos Mexicanos today announced plans to build a cross-border pipeline to carry liquefied gas and refined fuels into Mexico, with plans to operate in late 2016, FuelFix reports.

Oil

Targa buying Atlas Pipeline, Atlas Energy

HOUSTON (AP) — Targa Resources is buying Atlas Pipeline Partners and Atlas Energy in a deal valued at close to $6 billion, creating a huge energy transportation and storage company.

Targa Resources Partners LP, based in Houston, will pay $4 billion and assume $1.8 billion in debt for Atlas Pipeline. Each Atlas Pipeline unitholder will receive 0.5846 units of Targa Resources Partners and a one-time cash payment of $1.26 per Atlas Pipeline unit for total consideration of $38.66 per Atlas Pipeline unit.

New $3.7B gas line proposed for Ala., Ga., Fla.

ATLANTA (AP) — A proposal to build a $3.7 billion pipeline system carrying natural gas into Florida is raising complaints from Georgia residents — including media mogul Ted Turner — who say they'd face environmental costs while others get the benefits.

Spectra Energy Partners LP and NextEra Energy Inc. are seeking federal permission to build the Sabal Trail and the Florida Southeast Connection, about 600 miles of pipeline bringing natural gas from a hub in Alabama, across southwest Georgia and to power plants in Florida. If approved by the Federal Energy Regulatory Commission, the system would start operating in mid-2017.

Gas firm set for IPO next week

A natural gas firm is set to go public next week, listed among initial public offerings planned for the week starting October 13. Sources include Renaissance Capital, Greenwich, CT (www.renaissancecapital.com) and SEC filings.

Dominion Midstream Partners LP - Richmond, Va., 17.5 million shares, priced $19 to $21, managed by Barclays, Citigroup, and J.P. Morgan. Proposed NYSE symbol DM. Business: Operates Dominion Resources' liquefied natural gas import, storage, regasification and transportation assets.

Changes to Mountain Valley Pipeline route should minimize scenic impact: EQT

Source: 
The Roanoke Times

Posting a new proposed route for the Mountain Valley Pipeline it plans to construct with NextEra Energy to move gas into central Virginia, EQT Corp. said the changes should minimize the impact on scenic areas of the Appalachian Trail and the Blue Ridge Parkway, The Roanoke Times reports.

Bulgarians to vote, fate of gas pipeline in balance

SOFIA, Bulgaria (AP) — Bulgarians are voting Sunday in a parliamentary election that will determine whether the country continues to build a Russian gas pipeline that would give the Kremlin even more leverage over Europe's energy market — a project the European Union opposes.

Here's a look at Bulgaria, the vote and the controversial pipeline:

Energy Transfer expansion not slowed by debt

Source: 
The Dallas Morning News

The high debt to earnings ratio for Energy Transfer Equity, parent of Energy Transfer companies that run one of the largest pipeline networks in the country and have acquired major gasoline station chains, isn’t stopping its push to tackle new projects fueled by the shale boom, The Dallas Morning News reports.

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