Oil storage

CSV Midstream Solutions Corp.’s Albright Sour Gas Processing Plant Receives EPEA Permit Approval

Retrieved on: 
Thursday, June 10, 2021
Petroleum industry, Energy, Midstream, Oil storage, Petroleum transport, Articles, Alberta Energy Regulator, Natural gas, Keyera

CALGARY, Alberta, June 10, 2021 (GLOBE NEWSWIRE) -- CSV Midstream Solutions Corp. (CSV) recently received Environmental Protection and Enhancement Act (EPEA) regulatory permit approval from the Alberta Energy Regulator for its proposed Albright Sour Gas Processing Facility (Albright) to be built near Grande Prairie, Alberta.

Key Points: 
  • CALGARY, Alberta, June 10, 2021 (GLOBE NEWSWIRE) -- CSV Midstream Solutions Corp. (CSV) recently received Environmental Protection and Enhancement Act (EPEA) regulatory permit approval from the Alberta Energy Regulator for its proposed Albright Sour Gas Processing Facility (Albright) to be built near Grande Prairie, Alberta.
  • CSV employed its early community engagement philosophy prior to entering the formal regulatory approval process for this development.
  • About CSV Midstream Solutions Corp.
    CSV Midstream is a Calgary-based company offering a full suite of services for complete midstream solutions.
  • With a vision to advance midstream, they provide innovative, sustainable strategies in the engineering, design, construction, operation and management of natural gas and NGL assets, including sweet and sour gas processing, liquids handling and fractionation, and gas gathering and transmission pipelines.

Empire Midstream Acquires Auger 12” Pipeline

Retrieved on: 
Wednesday, June 9, 2021
Midstream, Oil storage, Petroleum industry, Petroleum transport, Energy, Articles, American Energy Partners, LP

NEW ORLEANS, June 09, 2021 (GLOBE NEWSWIRE) -- Empire Midstream LLC (Empire or the Company) today announced that its affiliate Empire Auger 12, LLC has acquired the Auger 12 pipeline (the Pipeline) from Pecten Midstream, a subsidiary of Shell Midstream Partners, L.P., with specific terms of the transaction not disclosed.

Key Points: 
  • NEW ORLEANS, June 09, 2021 (GLOBE NEWSWIRE) -- Empire Midstream LLC (Empire or the Company) today announced that its affiliate Empire Auger 12, LLC has acquired the Auger 12 pipeline (the Pipeline) from Pecten Midstream, a subsidiary of Shell Midstream Partners, L.P., with specific terms of the transaction not disclosed.
  • Everard W. Marks III, founder of Empire Midstream LLC, commented, This targeted acquisition further expands our footprint of pipeline assets into the deep water of the Gulf of Mexico.
  • Empire Midstream is a dynamic growth oriented midstream development, investment, operating and management company.
  • Empire Midstream develops and invests in midstream ventures through affiliated companies and provides all-inclusive operating and management services to those affiliated companies and others.

Plains All American Executes Definitive Agreements for $850 million Sale of Natural Gas Storage Assets to Hartree Partners

Retrieved on: 
Tuesday, June 8, 2021
Petroleum industry, Energy, Midstream, Oil storage, Petroleum transport, Plains All American Pipeline, Natural gas, Fuels

HOUSTON, June 08, 2021 (GLOBE NEWSWIRE) -- Plains All American (Nasdaq: PAA & PAGP ) and Hartree Partners, LP (Hartree) today announced the execution of definitive agreements whereby Plains will sell its Pine Prairie and Southern Pines natural gas storage facilities to an affiliate of Hartree for a total cash consideration of $850 million (the transaction).

Key Points: 
  • HOUSTON, June 08, 2021 (GLOBE NEWSWIRE) -- Plains All American (Nasdaq: PAA & PAGP ) and Hartree Partners, LP (Hartree) today announced the execution of definitive agreements whereby Plains will sell its Pine Prairie and Southern Pines natural gas storage facilities to an affiliate of Hartree for a total cash consideration of $850 million (the transaction).
  • Plains is exiting at an attractive valuation within a timeframe consistent with our expectations, while Hartree is receiving high-quality critical infrastructure in a strategic market.
  • The Pine Prairie and Southern Pines natural gas storage facilities are two of the highest performing natural gas storage facilities in the United States, said Steve Semlitz, co-founder of Hartree Partners.
  • PAA is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids ("NGL"), and natural gas.

EnLink Midstream Increases 2021 Guidance, Forms Carbon Solutions Group, Announces Participation in June Conferences

Retrieved on: 
Thursday, June 3, 2021
Midstream, Oil storage, Petroleum industry, Petroleum transport, Articles, Energy

EnLink has formed a new group, EnLink Carbon Solutions, to identity and pursue energy transition opportunities, including a focus on CCUS.

Key Points: 
  • EnLink has formed a new group, EnLink Carbon Solutions, to identity and pursue energy transition opportunities, including a focus on CCUS.
  • EnLink Carbon Solutions will build upon longstanding customer relationships by developing carbon solutions service offerings that are mutually beneficial for EnLink, its customers, and the State of Louisiana.
  • EnLink Midstream reliably operates a differentiated midstream platform that is built for long-term, sustainable value creation.
  • Neither EnLink Midstream, LLC nor EnLink Midstream Partners, LP assumes any obligation to update any forward-looking statements.

World Energy Reports Forecast: Up to $40 Billion in Deepwater EPC Awards Over Next 18 Months

Retrieved on: 
Tuesday, June 1, 2021
Floating production storage and offloading, Offshore engineering, Oil storage, Petroleum production, Floater

According to Jim McCaul, head of IMA/WER, "Almost two dozen deepwater projects requiring either an FPSO or production semi look likely to proceed to development by the end next year.

Key Points: 
  • According to Jim McCaul, head of IMA/WER, "Almost two dozen deepwater projects requiring either an FPSO or production semi look likely to proceed to development by the end next year.
  • EPC contracts for the production units will have an aggregate value of $35 to $40 billion.
  • This is a much higher near-term ordering pace and contract value than anticipated six months ago."
  • IMA/WER's floating production report has up-to-date details and contracting status for more than 200 floater projects in the planning stage.

NGL Energy Partners Announces Earnings Call

Retrieved on: 
Friday, May 28, 2021
Energy, Transport, Logistics, Supply chain management, Oil, Gas, Petroleum industry, Energy industry, Oil fields, Energy, Midstream, Oil storage, Petroleum transport, NGL

NGL Energy Partners LP (NYSE: NGL) announced today that NGL plans to issue its fiscal fourth quarter ended March 31, 2021 earnings press release post-market close on Thursday, June 3, 2021.

Key Points: 
  • NGL Energy Partners LP (NYSE: NGL) announced today that NGL plans to issue its fiscal fourth quarter ended March 31, 2021 earnings press release post-market close on Thursday, June 3, 2021.
  • While NGL believes such forward-looking statements are reasonable, NGL cannot assure they will prove to be correct.
  • NGL Energy Partners LP, a Delaware limited partnership is a diversified midstream energy company that transports, stores, markets and provides other logistics services for crude oil, natural gas liquids and other products and transports, treats and disposes of produced water generated as part of the oil and natural gas production process.
  • Brokers and nominees should treat 100% of NGL Energy Partner LPs distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business.

Taproot Energy Partners LLC To Expand its Midstream Infrastructure in the DJ Basin to Gather Crude Oil for Confluence Resources

Retrieved on: 
Thursday, May 20, 2021
Oil, Gas, Energy, Natural gas, Petroleum industry, Midstream, Oil storage, Petroleum transport, Natural-gas condensate, Articles, Energy, Taproot Energy Partners LLC, Confluence Resources, Energy Spectrum Capital, TAPROOT ENERGY PARTNERS LLC, CONFLUENCE RESOURCES, ENERGY SPECTRUM CAPITAL

b'Taproot Energy Partners LLC announced today that its affiliate, Taproot Rockies Midstream LLC (\xe2\x80\x9cTaproot\xe2\x80\x9d) has been awarded an acreage dedication for crude gathering by Confluence Resources (Confluence) for its Platte River position.

Key Points: 
  • b'Taproot Energy Partners LLC announced today that its affiliate, Taproot Rockies Midstream LLC (\xe2\x80\x9cTaproot\xe2\x80\x9d) has been awarded an acreage dedication for crude gathering by Confluence Resources (Confluence) for its Platte River position.
  • Taproot management brings a full suite of skills to partner with producers in providing all necessary midstream services.
  • Capabilities include natural gas gathering, compression, treating and processing, crude oil gathering and transportation, produced water disposal, fresh water supply, condensate treating/blending and natural gas liquids products marketing.
  • Taproot is backed by Energy Spectrum Capital, based in Dallas, Texas.\nVisit www.TaprootEP.com for more information.\nFounded in September 2016, Confluence Resources is a private oil and gas company headquartered in Denver, Colorado.

Piñon Midstream Selects W Energy Software's Financials and Plant Accounting to Position Permian Operations for Growth

Retrieved on: 
Tuesday, May 18, 2021
Software, Corporate finance, Business models, Midstream, Oil storage, Petroleum industry, Petroleum transport, Software as a service, Intuit, Cision

b'TULSA, Okla., May 18, 2021 /PRNewswire-PRWeb/ -- W Energy Software , the new leader in upstream and midstream oil & gas SaaS ERP solutions, announces that Pion Midstream has selected its Financial Accounting and Plant Processing software modules.

Key Points: 
  • b'TULSA, Okla., May 18, 2021 /PRNewswire-PRWeb/ -- W Energy Software , the new leader in upstream and midstream oil & gas SaaS ERP solutions, announces that Pion Midstream has selected its Financial Accounting and Plant Processing software modules.
  • Top reasons for selecting W Energy Software include its reputation for category-leading midstream financial and plant accounting solutions, scalability, intuitive user interfaces, and a modern technology stack that positions the service provider for growth.\nPion Midstream is a recently formed midstream service provider focused on gathering and treating sour gas.
  • With a clear growth plan, Pion Midstream set out to find the right digital solutions that would enhance the service provider\'s initial midstream accounting processes as well as a comprehensive and modern technology stack capable of supporting its expanding operations and future plant accounting needs.
  • Following a head-to-head evaluation with a legacy energy software provider, Pion Midstream selected W Energy Software\'s Financial Accounting solution to manage core workflows, including financial statements, accounts payable, and accounts receivable.

Wolf Midstream Announces Proprietary, Integrated Energy Infrastructure System, NGL North

Retrieved on: 
Wednesday, May 12, 2021
Midstream, Oil storage, Petroleum industry, Petroleum transport, NGL, Articles, Energy

b'CALGARY, AB, May 12, 2021 /CNW/ - Wolf Midstream ("Wolf") is pleased to announce a positive final investment decision to construct, own and operate a proprietary, integrated natural gas liquids ("NGL") recovery, transportation and separation system, known as NGL North.

Key Points: 
  • b'CALGARY, AB, May 12, 2021 /CNW/ - Wolf Midstream ("Wolf") is pleased to announce a positive final investment decision to construct, own and operate a proprietary, integrated natural gas liquids ("NGL") recovery, transportation and separation system, known as NGL North.
  • "Once operational, NGL North will contribute to reducing CO2 emissions for the oil sands industry, which is consistent with Wolf\'s investment strategy to develop assets that are positioned for energy transition.
  • Wolf was formed in 2016 with an investment from CPP Investments to focus on the acquisition and development of midstream infrastructure and opportunities in Western Canada.
  • Wolf is committed to developing innovative, sustainable midstream solutions and transforming the future of carbon reduction through the development of world-scale CO2 infrastructure in both Canada and abroad.\n'

Genesis Energy, L.P. to Present at the Citi 2021 Global Energy and Utilities Virtual Conference

Retrieved on: 
Tuesday, May 11, 2021
Oil, Gas, Energy, Articles, Midstream, Oil storage, Petroleum industry, Petroleum transport, Master limited partnership, Business

b'Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the Citi 2021 Global Energy and Utilities Virtual Conference.

Key Points: 
  • b'Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the Citi 2021 Global Energy and Utilities Virtual Conference.
  • The conference is being held virtually on May 11th and 12th.\nThe Partnership\xe2\x80\x99s latest presentation materials are available and may be downloaded by visiting the Partnership\xe2\x80\x99s website at www.genesisenergy.com under \xe2\x80\x9cPresentations\xe2\x80\x9d under the Investors tab.\nGenesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas.
  • Genesis\xe2\x80\x99 operations include offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation.
  • Genesis\xe2\x80\x99 operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210511005245/en/\n'