North America News

Latest news and developments from North America region

• Williams’ Transco unit unveils route for proposed Mountain Top pipeline expansion

  June 13, 2013
  Williams’s Transco unit, which is planning a new pipeline expansion project to run through the Mountain Top area, has unveiled plans for its route at a public hearing.

• Enterprise Products Partners unveils joint venture with Western Gas

  June 13, 2013
  Texas-based oil and gas midstream and downstream operator Enterprise Products Partners (Enterprise) has announced a majority-owned joint venture with Texas-based midstream operator Western Gas Partners.

• Quicksilver Resources announces pricing of senior notes offering

  June 12, 2013
  Texas-based natural gas and oil exploration and production company Quicksilver Resources has announced that it has priced its previously announced private offering of senior notes due 2021 in an aggregate principal amount of USD325 million.

• Summit sells USD300 million in bonds

  June 12, 2013
  Texas-based midstream energy operator Summit Midstream Partners (Summit) has priced an offering of USD300 million in 7.5 per cent senior unsecured notes due 2021.

• NEB rejects TransCanada’s request for changes in Mainline ruling

  June 12, 2013
  Canada-based TransCanada Corporation has received the National Energy Board’s (NEB) decision to reject its request for review and variance of the NEB’s previous decision, released on March 27, 2013, related to TransCanada’s 2012–2013 restructuring proposal for tolls and service on the Canadian Mainline.

• Crosstex Energy announces pricing of common units

  June 11, 2013
  Texas-based Crosstex Energy has announced that it has priced an underwritten public offering of 7.2 million common units representing limited partner interests of the partnership at USD20.33 per common unit.

• Texas Gas to shut Hardinsburg­−Eunice gas pipeline

  June 11, 2013
  Kentucky-based Texas Gas Transmission has started the process to abandon about 623 miles (1,002 km) of one of its three parallel natural gas pipelines, which run from Hardinsburg to Eunice, Louisiana.

• Enbridge Energy unveils plans to spin off some natural gas assets in IPO

  June 11, 2013
  Texas-based Enbridge Energy Partners, a subsidiary of Canada-based Enbridge, intends to file for an initial public offering (IPO) to spin off some of its natural gas and midstream assets, thereby joining a stream of companies that are forming master limited partnerships (MPLs) in the sector.

• CEAA invites comments on Prince Rupert Gas Transmission Project

  June 11, 2013
  The Canadian Environmental Assessment Agency (CEAA) has initiated the 20-day public review process required under the Canadian Environmental Assessment Act, 2012, for the Prince Rupert Gas Transmission Project.

• Petronas plans to invest USD16 billion in LNG project in West Canada

  June 11, 2013
  Malaysia’s state-owned integrated oil and gas company Petroliam Nasional Berhad (Petronas) plans to invest up to USD16 billion in its liquefied natural gas (LNG) project in West Canada.

• Petronas in talks to sell stakes in Canadian LNG facility

  June 11, 2013
  Malaysia’s national oil and gas company Petronas is in talks with several parties to sell up to 50 per cent of its stake in its liquefied natural gas (LNG) facility in Canada.

• Atlas Resource Partners to acquire natural gas assets in Alabama, New Mexico, and Wyoming for USD733 Million

  June 10, 2013
  Pennsylvania-based Atlas Resource Partners (ARP) has entered into a definitive agreement to acquire natural gas assets located in the Raton Basin, New Mexico; the Black Warrior Basin, Alabama; and the County Line region in Wyoming, from Texas-based EP Energy E&P Company (EP Energy), a wholly owned subsidiary of EP Energy LLC, for a cash consideration of USD733 million.

• Williams Partners completes expansion of Transco Pipeline [free access]

  June 10, 2013
  US-based Williams Partners has announced that a major expansion of its Transco natural gas pipeline has been completed and brought into service, providing an additional 225,000 dekatherms of incremental firm natural gas transportation capacity to growing markets in the southeast United States.

• Crosstex Energy reports public offering of common units

  June 10, 2013
  Texas-based Crosstex Energy has announced the commencement of an underwritten public offering of 6,000,000 common units representing the limited partner interests of the firm.

• SemGroup sells USD300 million in senior notes

  June 9, 2013
  Oklahoma-based oil and gas transportation company SemGroup has sold USD300 million in senior notes due 2021.

• TC PipeLines announces closing of common unit offering and exercise of underwriters’ option

  June 9, 2013
  Texas-based pipeline company TC PipeLines has announced the closing of its previously announced public offering of 8,855,000 common units, including 1,155,000 common units purchased pursuant to the full exercise of the underwriter’s option to purchase additional common units.

• Enbridge announces closing of CAD600 million preferred share offering

  June 8, 2013
  Canada-based Enbridge has announced the closing of its previously announced public offering of cumulative redeemable preference shares, series 3 by a syndicate of underwriters led by TD Securities, CIBC, RBC Capital Markets, and Scotiabank. Enbridge issued 24 million series 3 preferred shares for gross proceeds of CAD 600 million.

• Inergy announces completion of Tres Palacios header pipeline extension

  June 6, 2013
  Missouri-based gas transporter Inergy Limited has announced that effective June 1, 2013, it has placed into service its Tres Palacios 20-mile (32-km) header pipeline extension.

• Summit Midstream buys two gas gathering systems in Bakken and Marcellus

  June 5, 2013
  Texas-based midstream energy operator Summit Midstream Partners (Summit) has bought two shale gas gathering systems—one in the Bakken and the other in the Marcellus—in two deals worth a combined USD460 million.

• Summit Midstream taps bond market for USD300 million

  June 5, 2013
  Texas-based midstream energy operator Summit Midstream Partners is on the market with an offering of USD300 million in senior unsecured notes due 2021.