Energy Transfer LP has reported second quarter 2019 net income of $878 million, or 33 cents per share, Kallanish Energy reports, up $523 million, or 147.3%, compared to Q2 2018. The increase is due primarily to higher operating income and the impact of the simplification transaction involving Energy Transfer and Energy Transfer Operating in October 2018, … Read more
Plans for a Brazilian petrochemical company building an ethane cracker in northern West Virginia are dead, but state officials are still hoping another developer will build such a complex on the site, Kallanish Energy reports. That news came out last week in a series of statements and news reports. Brazil’s Braskem is … Read more
Plans for a Brazilian petrochemical company building an ethane cracker in northern West Virginia are dead, but state officials are still hoping another developer will build such a complex on the site, Kallanish Energy reports. That news came out last week in a series of statements and news reports. Brazil’s Braskem is … Read more
Plains All American Pipeline Tuesday announced it’s formed a joint venture with Delek Logistics Partners in the existing Red River Pipeline system, with Delek paying $128 million for a 33% share in the line. Plains retained a 67% interest in the JV and will continue to operate the Red River crude oil system, Kallanish Energy … Read more
Construction on the $12 billion Nord Stream 2 (NS2) proceeds according to schedule after the EU passed new laws on natural gas pipelines, Kallanish Energy reports. A spokesperson said Friday NS2 work on the 745-mile pipeline importing Russian natural gas to Europe “continues in full compliance with applicable legislation and with full support … Read more
Pipeline giant Williams has initiated a binding open season, through April 8, for the Regional Energy Access, an incremental expansion of the Transco interstate pipeline. The project provides firm natural gas transportation capacity to markets in the northeastern U.S. as early as November 2022, according to Williams. Regional Energy Access is designed to provide up to … Read more
Tree clearing is under way at the site of a proposed ethane cracker plant in eastern Ohio, even though a final investment decision is still pending by PTT Global Chemical America and its partner, Daelim. The companies last week announced they have hired a local firm to clear 140 acres in Belmont … Read more
Turkmenistan is likely to be excluded from the Southern Gas Corridor (SGC) strictly for geopolitical reasons, according to Mehmet Öğütçü, founder and CEO of Global Resources Partnership. Speaking to attendees Wednesday at International Petroleum Week in London (Kallanish Energy in attendance), Öğütçü said the SGC is “the longest pipeline built so far,” stretching … Read more
An explosion Monday of a section of Enbridge’s Texas Eastern natural gas pipeline in Ohio created a fireball of flame and damaged homes, prompting the evacuation of nearby residents. The explosion appeared to have destroyed two homes, Chasity Schmelzenbach, emergency management director for Noble County, Ohio, told Reuters. Enbridge said two people … Read more
The planned Nigeria-to-Morocco natural gas pipeline (NMGP) faces a myriad of challenges and is “unlikely to materialize in the short or medium-term,” Kallanish Energy learns from analysts at Fitch Solutions Macro Research.
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