Spectra sells Empress NGL
Published by Francesca Brindle,
Editorial Assistant
World Pipelines,
Spectra Energy Corp, one of North America's leading pipeline and midstream companies based in Houston, Texas, has announced that its indirect subsidiary, Westcoast Energy Inc., has completed the previously announced sale of its ownership interests in Spectra Energy's Canadian natural gas liquids (NGL) business to Plains Midstream Canada ULC, for a cash purchase price of approximately CAN$267 million (US$204 million), including approximately CAN$67 million (US$51 million) for inventory and working capital.
Adapted from press release by Francesca Brindle
Read the article online at: https://www.worldpipelines.com/business-news/05082016/spectra-energy-sells-empress-ngl-to-plains-midstream-canada-3863/
You might also like
World Pipelines Podcast: Going global with IPLOCA
In this episode, Elizabeth Corner speaks to Georges Hage, Executive Secretary at IPLOCA, about IPLOCA's insights on the culture and characteristics of the pipeline contractor community, and how it works to support sustainable energy infrastructure.
Oil and gas companies add renewable fuels to low-carbon portfolio, says GlobalData
Share of fossil fuels in the world’s energy mix declined from 82% in 2022 to 81.5% in 2023.
