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August 26, 2014

Williams Announces Open Season for Transco Pipeline’s Diamond East Project

TULSA, Okla.--(OilandEnergyNews.com)--Williams (NYSE: WMB) today announced that it is initiating an open season from August 26 to September 23, 2014 for the Diamond East Project, an expansion of the Transco interstate pipeline to provide firm natural gas transportation capacity to markets in the northeastern United States by mid-2018. Transco is a wholly owned subsidiary of Williams Partners, L.P. (NYSE: WPZ), of which Williams owns controlling interests and is the general partner.

The Diamond East Project is being designed to provide up to one billion cubic feet per day of new natural gas transportation capacity from receipt points along its Leidy Line in Lycoming County, Pennsylvania and Luzerne County, Pennsylvania to its Market Pool at Station 210 in Mercer County, New Jersey where it can provide supply diversity to Transco's northeast market, including existing Pennsylvania, New Jersey and New York local distribution companies and power generators.

Diamond East will consist of additional compression and selected pipeline loop segments along the existing Transco pipeline corridor. Although the final capacity, scope and cost of the project will be determined by the results of the open season, it is anticipated that the project will include approximately 50 miles of pipeline looping and horsepower additions at existing Transco compressor facilities. The capital investment for Diamond East is estimated to be between $500 million to $800 million, depending on customer participation and volume commitments.

"Diamond East is another example of Williams' commitment to add critical infrastructure that will connect growing Transco markets to abundant, economically-priced Marcellus production," said Rory Miller, senior vice president of Williams' Atlantic-Gulf Operating Area. "Unlike competing projects designed to serve the New Jersey Market Pool, Diamond East is a cost-effective expansion along an existing Transco corridor.”

The proposed project will be subject to approval by the Federal Energy Regulatory Commission and other agencies. For customer inquiries, contact Jamie Taft at (713) 215-2404.

Diamond East is in addition to the $3.3 billion in capital expenditures planned through 2017 on Transco growth projects designed to serve markets in the Northeast. Transco is the nation’s largest and fastest-growing interstate natural gas transmission pipeline system. It delivers natural gas to customers through its 10,200-mile pipeline network whose mainline extends nearly 1,800 miles between South Texas and New York City. The system is a major provider of cost-effective natural gas services that reach U.S. markets in 12 Southeast and Atlantic Seaboard states, including major metropolitan areas in New York, New Jersey and Pennsylvania.

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Dakota Gold Announces New Crude Oil Terminal in North Dakota’s Bakken Shale

PLAZA, N.D.--(OilandEnergyNews.com)--Dakota Gold Transfer - Plaza, LLC (“Dakota Gold”) announced today that the company plans to develop a crude oil transload facility in Mountrail County, North Dakota. Strategically located on a 350-acre site in the eastern section of the prolific Bakken and Three Forks shale oil producing areas, the Plaza Terminal will provide refiners, marketers and producers with new options for reaching multiple markets across the United States and Canada via rail and pipeline.

Dakota Gold is a joint venture between its president and CEO, Cody Moe, and the TrailStone Group (“TrailStone”). Mr. Moe is a well-established crude oil trucking and construction entrepreneur with seven years of experience in the Bakken. TrailStone is an energy asset investor and manager, majority-owned by Riverstone Holdings, LLC, a private equity firm specializing in energy with approximately $27 billion of equity capital raised.

The Mountrail County Commission has approved Dakota Gold’s application for a conditional use permit and the company’s request to have the site rezoned for industrial use. Direct truck-to-train transload service may begin at the Plaza Terminal approximately 90 days after construction begins. Dakota Gold plans to break ground at the site later this year and anticipates that storage and high-speed rail loading service will be available during the second half of 2015.

Storage, Rail and Pipeline Service

Located on a private rail spur controlled by Dakota Gold under a long-term lease, the state-of-the-art terminal will be served by the Canadian Pacific Railway (TSX: CP) (NYSE: CP). The Plaza Terminal will aggregate crude oil produced in Mountrail and neighboring counties, utilizing gathering pipelines and trucks. The terminal will also provide crude oil storage services through on-site tankage. The rail facility will have a throughput capacity of 70,000 barrels per day (bpd) and storage capacity of more than 300,000 barrels, with expansion to 600,000 barrels during a planned second phase. The terminal’s design includes two loop tracks with storage for one to two additional trains on the private rail spur, a covered loading barn, a 14-arm system capable of loading a unit train in approximately 14 hours, 15 truck unloading bays and three 103,000-barrel storage tanks. The Plaza site is large enough to allow for substantial expansions of storage and transload capacity as customer demand increases.

Dakota Gold is currently working with various midstream companies to develop gathering connections to the Plaza Terminal. Dakota Gold is also in discussions with various pipeline companies to develop outbound pipeline service from the Plaza Terminal to multiple pipeline markets. Dakota Gold’s objective is to provide its customers with significant takeaway capacity and flexible access to premium crude oil markets by creating a logistics hub at the Plaza site that offers both rail and pipeline delivery service.

Dakota Gold Perspective

“As Bakken production continues to expand at a remarkable rate, the Plaza Terminal will offer refiners, marketers and producers competitive and much-needed terminal service and the ability to access multiple downstream markets, maximizing the value of their crude oil,” said Cody Moe, Dakota Gold’s president and CEO. “Unit-train-capable rail facilities are reasonably new to the Bakken. After an initial four years that saw the construction of a number of rail facilities, we are entering a new phase in their design and development. Dakota Gold is incorporating all of the lessons learned in the initial phase to develop a best-in-class facility with the most efficient design and the most advanced technologies. We believe this is a key factor driving favorable customer response to the Plaza Terminal. We look forward to providing top-tier and very competitive service to all qualified crude oil shippers in the region.”

“We are also excited about the economic benefits that development of Dakota Gold’s Plaza Terminal will provide to local economies in Mountrail and nearby counties. We continue to work closely with local leaders and officials to forge strong, positive relationships.”

John Redpath, head of oil and agriculture at TrailStone and a Dakota Gold board member, said, “We are very excited about our partnership with Cody Moe to develop the Plaza Terminal, which provides a world-class facility to meet the needs of our customers and extends the network of strategic assets that TrailStone is building in our core markets.“

Comments from Canadian Pacific Railway

"CP is pleased to be working with Dakota Gold on this project as our network provides flexibility to marketers and refiners to access key production areas for light, medium and heavy crude and for producers to get their product into all of the North American refining markets," said Tommy Browning, CP’s vice president of energy and merchandise marketing and sales. “CP offers a flexible, reliable and efficient method of transporting crude oil and other energy-related products to emerging markets and we are proud to be collaborating with Dakota Gold."

With more than 15,000 track miles and global reach through its ports on the east and west coasts, the Canadian Pacific plays a key role in the energy supply chain. CP is the only rail carrier providing single line haul service between the Bakken and major crude oil markets in the northeastern United States.

Dakota Gold believes that the substantial capital investment Canadian Pacific is making in the Bakken region and on the New Town subline in particular will allow the Plaza Terminal to more effectively realize its design capabilities and will have a material impact on some of the congestion issues experienced by all railroads during the rapid expansion of rail deliveries of Bakken crude.

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MarkWest Announces Major Expansion of Processing and Fractionation Infrastructure in Butler County, PA

DENVER--(OilandEnergyNews.com)--MarkWest Energy Partners, L.P. (NYSE: MWE) (“MarkWest” or “the Partnership”) announced today a major expansion of midstream infrastructure at its Keystone complex in Butler County, Pennsylvania, to support growing rich-gas production from the Marcellus Shale and Upper Devonian formations. The expansion will be supported by new agreements with Rex Energy Corporation (NASDAQ: REXX) (“Rex Energy”) and EdgeMarc Energy (“EM Energy”). As part of these agreements, MarkWest will construct Bluestone III and IV, both of which are 200 million cubic feet per day (MMcf/d) plants that are expected to begin operations during the fourth quarter of 2015 and the second quarter of 2016, respectively. In addition, the Partnership will construct 40,000 barrels per day (Bbl/d) of additional de-ethanization capacity and over 20,000 Bbl/d of additional propane and heavier NGL fractionation capacity.

The Keystone complex currently consists of the Bluestone processing and fractionation complex and the Sarsen processing facility which combined currently provide 210 MMcf/d of processing capacity and 26,500 Bbl/d of fractionation capacity. The Keystone complex is anchored by Rex Energy and in May 2014, MarkWest began operations of the 120 MMcf/d Bluestone II plant and 10,000 Bbl/d each of ethane and propane plus fractionation capacity to continue supporting Rex Energy’s growing rich-gas production. In addition to the new Bluestone processing and fractionation plants, the Partnership completed a 32 mile purity ethane pipeline connecting the Bluestone facility to Sunoco’s Mariner West pipeline project.

In conjunction with additional processing and fractionation infrastructure, MarkWest continues to develop its rich-gas gathering system throughout Butler County and surrounding areas in order to support the growth of its producer customers’ production.

“Our expansion of the Keystone complex is very strategic to producer activity in Beaver, Butler and surrounding counties and we are very excited to continue building our strong relationship with Rex and begin supporting EdgeMarc,” stated Frank Semple, Chairman, President, and Chief Executive Officer of MarkWest. “Since our acquisition of the Keystone assets over two years ago, volumes continue to increase significantly and we are leading the development of full-service midstream services in the highly prospective rich-gas areas of the northwest Marcellus.”

MarkWest Energy Partners, L.P. is a master limited partnership engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids; and the gathering and transportation of crude oil. MarkWest has a leading presence in many unconventional gas plays including the Marcellus Shale, Utica Shale, Huron/Berea Shale, Haynesville Shale, Woodford Shale and Granite Wash formation.

This press release includes “forward-looking statements.” All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Actual results could vary significantly from those expressed or implied in such statements and are subject to a number of risks and uncertainties. Although MarkWest believes that the expectations reflected in the forward-looking statements are reasonable, MarkWest can give no assurance that such expectations will prove to be correct. The forward-looking statements involve risks and uncertainties that affect operations, financial performance, and other factors as discussed in filings with the Securities and Exchange Commission (SEC). Among the factors that could cause results to differ materially are those risks discussed in the periodic reports filed with the SEC, including MarkWest’s Annual Report on Form 10-K for the year ended December 31, 2013. You are urged to carefully review and consider the cautionary statements and other disclosures made in those filings, specifically those under the heading “Risk Factors.” MarkWest does not undertake any duty to update any forward-looking statement except as required by law.

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GE Invests $5Million in Norway Technology Solutions Center to Fuel the Future of the Oil and Gas Industry

STAVANGER, Norway--(OilandEnergyNews.com)--GE Oil & Gas (NYSE:GE) formally unveiled its new Technology Solutions Center (TSC) in Stavanger, Norway, yesterday. The result of a $5m investment, the center offers a stunning visual showcase of GE’s technologies across the oil and gas industry, and has been designed to help operators achieve optimal efficiency, environmental performance and safety, both now and in the future.

Led by GE Oil & Gas President and CEO, Lorenzo Simonelli, the grand opening was attended by key industry figures and regional government dignitaries, including Margareth Øvrum, Executive Vice President Technology, Projects and Drilling at Statoil, and the Mayor of Stavanger, Christine Sagen Helgø.

Located opposite GE’s existing Subsea Systems facility in the port of Dusavik, the center features a combination of interactive digital displays, live demonstrations and scale models, including GE PII’s Intelligent Pigs, responsible for the delivery of accurate diagnostics and insightful pipeline integrity reports, the Safire 2.0 multiphase flow meter and the newly launched Deepwater Vertical Xmas Tree (DVXT). State-of-the-art training facilities and meeting rooms are also located on-site.

The grand opening is being held in conjunction with the Offshore Northern Seas (ONS) 2014 conference and underpins GE’s commitment to the continued creation of integrated solutions on behalf of its customers. It also highlights the organization’s contribution to enhanced efficiency and improved recovery in the North Sea region and beyond.

Mr Simonelli said: “Technology development is pivotal to the enduring success of our industry and, with the incredible pace at which the sector continues its transformation, research, development and collaboration can have a strong impact on its success, something acknowledged through the significant investment we have made in this facility.

“Norway and the wider North Sea region have been incentivized to become leading-edge thinkers—largely the result of stringent regulation and governing standards—and although a maturing province, significant greenfield developments in recent years have put the area firmly back on the map. While the TSC is located in Norway, it will undoubtedly play a fundamental role in helping GE, our customers and the wider industry to fuel the future of oil and gas developments worldwide for many years to come.”

Features of the TSC include:

    Ground floor: A dedicated subsea experience and inspection center.
    Middle floor: The offshore, midstream and downstream domain; a showcase of GE’s current portfolio of remote monitoring and diagnostics solutions and a dedicated area exploring the impact the ‘Industrial Internet’ will have on the industry in coming years.
    Top floor: A large training room along with several meeting rooms and offices.

The center brings together the numerous GE Oil & Gas business units including Subsea Systems, Drilling & Surface, Turbomachinery Solutions, Downhole Technology Solutions, Measurement & Control (including PII Pipeline Solutions), and Lufkin. The center also utilizes the expertise of other GE businesses operating in the oil and gas space, including Power Conversion, Intelligent Platforms, Digital Energy (Energy Management), Distributed Power and Water & Process Technologies (GE Power & Water), Transportation and Lighting. Together they demonstrate GE’s unrivalled capabilities within this industrial sector.

From 26 August, visitors journeying through the 3-storey building will have the opportunity to observe numerous displays showcasing GE’s technology and service offering, with a digital 3D model depicting the flow of oil and gas as it moves from the well to the subsea production tree, manifold, riser, FPSO/platform, and finally to midstream and downstream facilities.

The centerpiece of the TSC is a multi-floor atrium in the middle of the building, featuring a large video wall which creates an impressive vertical display area. Another focal point of the facility is the Industrial Internet space, which highlights the value of monitoring, diagnostics and predictivity in order to reduce down-time and production losses for customers.

Relentless innovation is at the heart of GE, with the organization also currently constructing a 100,000 sq. ft. facility in Oklahoma City in the United States of America. This is primed to become the home of GE’s Global Research Oil & Gas Technology Center and is part of the company’s three-year effort to triple R&D investment in the energy sector.

GE Oil & Gas is exhibiting in Hall D, Booth #454 during ONS2014. If you’re in Stavanger for the show, visit the booth and use the free shuttle service provided to visit the Technology Center in-person.

About GE

GE (NYSE:GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.

About GE Oil & Gas

GE Oil & Gas works on the things that matter in the oil and gas industry. In collaboration with our customers, we push the boundaries of technology to bring energy to the world. From extraction to transportation to end use, we address today's toughest challenges in order to fuel the future. Follow GE Oil & Gas on Twitter @GE_OilandGas.

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June 10, 2014

Chevron Increases Support for Niger Delta Partnership Initiative

SAN RAMON, Calif.--(OilAndEnergyNews)--Chevron Corporation (NYSE: CVX) announced today that it is increasing its support to the Niger Delta Partnership Initiative (NDPI) Foundation. Chevron is committing an additional $40 million over five years to expand a portfolio of programs and partnerships that have successfully promoted economic development, improved the capacity of civil society institutions, and helped reduced conflict in Nigeria’s Niger Delta region since 2010.

The additional funding brings the total social investment in NDPI to $90 million, the single largest in the corporation’s history.

Established in-part through a five-year, $50 million endowment by Chevron in 2010, NDPI is a special purpose foundation designed to work in partnership with other donors from the public and private sector, creating dynamic, multi-stakeholder partnerships to collaboratively support a range of projects designed to help reduce poverty and conflict in the Niger Delta region.

“Chevron recognizes that our business is fundamentally linked to economic prosperity, sustainable development and peaceful co-existence in regions where we operate,” said Rhonda Zygocki, executive vice president of Policy and Planning for Chevron Corporation. “The NDPI partnership exemplifies Chevron’s approach to social investment and further underscores the role the private sector can play in helping build stronger, stable communities around the world.”

This new financial commitment by Chevron, to be complemented by funding from other donors and partners, will allow NDPI to continue building upon its initial efforts to address the root causes of poverty and conflict in the Niger Delta Region by expanding and scaling-up effective partnerships and programs.

Since 2010, NDPI has directly benefited more than 10,000 people in Nigeria’s Niger Delta region, by creating more than 600 jobs and supporting nearly 100 local businesses. The initiative has also trained more than 5,500 local community members and development practitioners and engaged 172 local partner organizations in the development and implementation of its projects.

“I am extremely proud of what NDPI has accomplished since 2010,” said Ali Moshiri, president of Chevron Africa and Latin America Exploration and Production Company and chairman of the board of directors of the NDPI Foundation. “There is, however, more work to do. This funding will boost already successful efforts as the public and private sector continue to work together to improve quality of life and create greater prosperity in the region.”

“Partnering is at the core of what NDPI is all about,” said Dennis Flemming, executive director of the NDPI Foundation. “Our goal is to continue to engage partners from both the public and private sector donor community to leverage this $40 million and enhance our projects in ways that will create further substantive regional impact.”

Chevron is one of the world’s leading integrated energy companies, with subsidiaries that conduct business worldwide. The company’s success is driven by the ingenuity and commitment of its employees and their application of the most innovative technologies in the world. Chevron is involved in virtually every facet of the energy industry. The company explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and other energy products; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides energy efficiency solutions; and develops the energy resources of the future, including biofuels. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com.

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