The price for light, sweet crude oil for October delivery settled modestly higher on the New York market to remain above $46/bbl on Sept. 3 before the Labor Day holiday in the US. Source: News
Second segment of Aegis pipeline complete
Enterprise Products Partners LP (EPP) has completed construction of the Aegis pipeline segment connecting Beaumont, Tex., with Lake Charles, La. Source: News
Investigation under way into Venezuelan gas processing plant fire
An investigation is under way into a fire that broke out on Aug. 31 at the onshore Cardon IV gas processing plant at Tiguadare in Venezuela’s northwestern state of Falcon. Source: News
Russia’s Sibur-Gazprom Neft JV commission gas processing plant
A joint venture of Russian conglomerate PJSC Sibur Holding, Moscow, and PJSC Gazprom Neft, St. Petersburg, have commissioned the newly built Yuzhno-Priobskiy gas processing plant (Yuzhno-Priobskiy GPP) in Western Siberia’s Khanty-Mansi Autonomous Area. Source: News
Shell, BG merger cleared by EU
The European Commission has unconditionally approved the planned $70-billion merger of Royal Dutch Shell PLC and BG Group PLC reported in April. Source: News
Holly Energy to buy half of Frontier Pipeline
Holly Energy Partners LP, Dallas, reported it would acquire 50% interest in Frontier Pipeline Co., owner of the Frontier Pipeline, from an affiliate of Enbridge Inc. No acquisition price was disclosed. Source: News
Inpex submits revised plan to Indonesia for Abadi LNG project
Inpex Corp., Tokyo, has submitted a revised plan of development to the Indonesian government for the Abadi LNG project in the Arafura Sea. It envisions a floating LNG (FLNG) plant with a processing capacity of 7.5 million tonnes/year. Source: News
JV lets contracts for Louisiana ethane project
LACC LLC, a joint venture of Axiall Corp. and South Korea’s Lotte Chemical Corp., has let a contract to CB&I, Houston, to provide additional detailed engineering and early procurement services for a proposed 1 million-tonne/year LACC ethane cracker project to be built in Lake Charles, La. Source: News
Unit fire slashes Syncrude output until end-September
Syncrude Canada Ltd.’s upgrader in the Mildred Lake oil sands production area, about 40 km north of Fort McMurray, Alta., will operate at reduced rates until the end of September following a fire that struck the unit on Aug. 29. Source: News
Judge vacates FWS listing of lesser prairie chicken as threatened
A federal district judge in Texas vacated the US Fish & Wildlife Service’s listing of the lesser prairie chicken as a threatened species after finding that the US Department of the Interior agency failed to follow its own evaluation procedures for conservation efforts that already were under way. Source: News