US pipeline news

The acquisition includes a processing facility and a 104 mile, large-diameter, high-pressure rich gas gathering header pipeline connecting supplies from the Williston Basin area to high-demand markets.

The US Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) has announced new comprehensive proposed requirements for carbon dioxide and hazardous liquid pipelines.

According to Reuters, an Illinois federal judge on Monday dismissed a lawsuit accusing pipeline operator Enbridge of blocking a rival from building a terminal to ship Canadian crude oil by barge from the Chicago area to refineries in the Midwest and the Gulf of Mexico.

The offering is expected to close on 15 January 2025, subject to the satisfaction of customary closing conditions.

The 120 mile, 12 in., bidirectional pipeline provides critical ethylene transportation, connecting Gulf Coast Growth Venture’s petrochemical complex in Corpus Christi to storage facilities in Markham, Texas.

Phillips 66 has announced a definitive agreement to buy EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP, which own various subsidiaries and long haul natural gas liquids pipelines, fractionation facilities and distribution systems for total cash consideration of US$2.2 billion.

Martin Midstream Partners L.P. has announced the termination of the previously announced Agreement and Plan of Merger dated 3 October 2024, with Martin Resource Management Corporation (MRMC), pursuant to which MRMC would have acquired all of the outstanding common units of MMLP not already owned by MRMC and its subsidiaries.

EQT Corp. announced that it has closed on the formation and funding of its previously announced midstream joint venture (JV) with an affiliate of Blackstone Credit & Insurance.

The three interstate natural gas pipeline systems included in the sale are Guardian Pipeline, Midwestern Gas Transmission and Viking Gas Transmission.

Kinder Morgan forecast higher earnings for 2025 as the US pipeline operator bets on growth in its natural gas pipelines and energy transition ventures, says Reuters.