Facebook Twitter LinkedIn E-mail RSS
formats

Dominion, Duke Energy plan $5B natural gas pipeline from West Virginia to North Carolina

Pipeline1-300x171Paul J. Gough

Some of the nation’s biggest natural gas providers are planning to build a 550-mile pipeline from West Virginia to North Carolina.

Dominion, Duke Energy, Piedmont Natural Gas and AGL Resources are combining to build and own the Atlantic Coast Pipeline, a $4.5 billion to $5 billion project that will provide Marcellus Shale natural gas along the Interstate 95 corridor.

The project, which will be built by Dominion (NYSE: D), will carry at least 1.5 billion cubic feet of natural gas beginning in 2018. Dominion will own 45 percent of the pipeline, with Duke Energy owning 40 percent, Piedmont Natural Gas 10 percent and 5 percent from AGL Resources.

Read more: http://www.bizjournals.com/pittsburgh/blog/morning-edition/2014/09/dominion-duke-energy-plan-5-natural-gas-pipeline.html?ana=e_pit_nrg&u=32322357774e8221e2d3778a70d257&t=1409745705

 
 Share on Facebook Share on Twitter Share on Reddit Share on LinkedIn
Comments Off  comments 
formats

International Trade Commission Vote Could Impact PA Steelworkers

Stahlrohre für eine PipelineBy

A recent decision by the International Trade Commission regarding South Korean steel tubes may have an effect here in southwestern Pennsylvania.

The ITC voted recently to impose duties on steel pipes and tubes from South Korea and five other countries, which were found to be “dumping” their products into the U.S. market.

“Dumping” refers to the practice of selling a product in another country for less than it is sold in the country where it is manufactured. It also includes the practice of selling a product for less than it cost to make.

“The Commerce Department recommended tariffs at a rate of about 16 percent on this pipe and tube, which was coming into the United States at no tariff because we have a free trade agreement with South Korea,” said Scott Paul, president of the Alliance for American Manufacturing, a nonprofit advocacy group for the manufacturing industry.

In February, the U.S. Department of Commerce released a preliminary statement saying an investigation into South Korea’s practice of selling steel tubes in the U.S. found no evidence of dumping.

Read more: http://wesa.fm/post/international-trade-commission-vote-could-impact-pa-steelworkers

 
 Share on Facebook Share on Twitter Share on Reddit Share on LinkedIn
Comments Off  comments 
formats

Enable Midstream to invest $200M for new processing plant in Oklahoma

plant2-300x171By Teresa Nones

Enable Midstream Partners LP on Sept. 3 said that its board of directors has approved a plan to build a 200-MMcf/d natural gas processing plant in Grady County, Okla., designed to serve producers in the South Central Oklahoma Oil Province, or SCOOP, play.

The partnership expects to invest more than $200 million for the project, which includes plant equipment, associated compression and installation costs, according to a news release.

Enable Midstream added that the project will also expand the capacity of a nearby facility, the Bradley processing plant, to 10,000 barrels per day. The Bradley plant is expected to be in service in the first quarter of 2015.

The partnership said the proposed plant, along with other projects such as the upgrading of its Cox City facility, will allow it to meet the increased drilling and rich gas production from the SCOOP play.

Read more: http://www.snl.com/Interactivex/article.aspx?CdId=A-29060233-14892

 
 Share on Facebook Share on Twitter Share on Reddit Share on LinkedIn
Comments Off  comments 
formats

Marcellus shale has $90 billion in remaining value, study says

marcellus_studyarea--300x197By Bob Downing

Marcellus: Identifying US billion in remaining value

Our granular well-level analysis of this key shale gas play indicates a strong future of continued growth 

The Marcellus is currently the largest shale gas play in the world. Its recognised commercial area spans over 30 million acres across four states and our latest research has revealed it to hold over US$90 billion in remaining value.

We expect the top 20 operators to drill 25,000 wells through to 2035 at a cost of nearly $110 billion.

In performing our research, we divided the play into 16 sub-play areas before leveraging our North America Well Analysis Tool which holds clean reported production data for each individual well.

Although rig counts have fallen across the Marcellus since early 2012, we can see that improved efficiency and a renewed focus on the play’s core sub-plays have led to on-going growth.

Read more:

http://www.ohio.com/blogs/drilling/ohio-utica-shale-1.291290/marcellus-shale-has-90-billion-in-remaining-value-study-says-1.517600

 
 Share on Facebook Share on Twitter Share on Reddit Share on LinkedIn
Comments Off  comments 
formats

EQT, NextEra moving forward with Mountain Valley Pipeline

PipelineTanks-300x171

EQT Corp. and joint venture partner NextEra Energy Inc. are moving forward with their proposed 330-mile Mountain Valley Pipeline, announcing they’ll hold a binding open season for its transmission capacity.

The move follows the close of a non-binding open season, which concluded in July. The binding season is to end Sept. 29.

In a news release, EQT (NYSE: EQT) said it has received firm capacity commitments of 1.5 billion cubic feet per day. As envisioned, the line would provide at least 2 billion cubic feet of transmission capacity

“As we move into a binding open season, securing the 1.5 billion cubic feet per day of firm capacity confirms we have an economically viable project,” said Randall Crawford, EQT Midstream Partners (NYSE: EQM) COO in a statement.

“Marcellus and Utica producers will have cost-effective access to the growing demand for natural gas for use by local distribution companies, manufacturers, and power generation facilities,” he said.

Read more:

http://www.bizjournals.com/pittsburgh/blog/energy/2014/09/eqt-nextera-moving-forward-with-mountain-valley.html?ana=e_pit_nrg&u=32322357774e8221e2d3778a70d257&t=1409745769

 
 Share on Facebook Share on Twitter Share on Reddit Share on LinkedIn
Comments Off  comments