Houston-based midstreamer American Midstream Partners said today it has finalized the $170 million all-cash sale of its propane marketing and services business to Netherlands-based SHV Energy N.V.
Natural gas processing capacity in the Appalachian Basin has grown exponentially in the last seven years, and is key to increasing natural gas and natural gas liquids production in the basin, the Energy Information Administration states.
Saudi Arabia state-run oil and gas company, Saudi Aramco, said on Thursday it has set its July contract price for propane at $345 a tonne – which is $40 lower than its June prices, Kallanish Energy learns.
The $2 billion Nexus natural gas pipeline might be in service in fourth quarter 2017, if the Federal Energy Regulatory Commission gets its new members approved by the U.S. Senate and they quickly approve the project, said James Grech, president of Nexus Gas Transmission.
Dutch company Royal Vopak, which bills itself as the world’s leading independent tank storage company, and Canadian infrastructure company AltaGas have formed a joint venture to develop the Ridley Island Propane Export Terminal (RIPET) in Canada.
U.S. commercial crude oil inventories (excluding the Strategic Petroleum Reserve) fell by 900,000 barrels (Bbl) during the week ended April 28, to 527.8 million barrels (MMBbl), the Energy Information Administration said in its most recent weekly Petroleum Status Report.
Hanwha Total Petrochemical, a 50/50 joint venture between Hanwha and French oil supermajor Total, will invest $450 million to expand its Daesan refining & petrochemicals operations, Kallanish Energy reports.