Gulf Coast Fractionators Announces Expansion of Its Natural Gas Liquids Fractionation Facility

Gulf Coast Fractionators, a partnership among ConocoPhillips, Devon Energy Corporation and Targa Resources Partners LP announced plans to expand the capacity of its natural gas liquids fractionation facility located in Mont Belvieu, Texas. The maximum gross fractionation capacity of the facility will be expanded by approximately 42 percent (43,000 barrels per day) to 145,000 barrels per day. Targa Resources Partners owns a 38.8% interest in Gulf Coast... Read more..

Longhorn Experiences Marked Increase in Shipments of Product to Southwestern Markets

Longhorn Pipeline Inc., a wholly-owned subsidiary of Flying J Inc., reported that there has been a marked increase in recent shipment activity since Flying J secured a revolving DIP facility with Merrill Lynch on February 27. As part of this arrangement, Longhorn has been granted extended use of line fill inventory and cash collateral that was financed by Merrill Lynch prior to Longhorn’s chapter 11 filing in December 2008. These actions enable... Read more..

Chesapeake Energy Corporation Announces Marcellus Shale Joint Venture and International Unconventional Natural Gas Exploration Alliance with StatoilHydro

Chesapeake Energy Corporation announced the execution of an agreement for a joint venture with StatoilHydro whereby StatoilHydro will acquire a 32.5% interest in Chesapeake’s Marcellus Shale assets in Appalachia for $3.375 billion, leaving Chesapeake with a 67.5% working interest. The assets include approximately 1.8 million net acres of leasehold, of which StatoilHydro will own approximately 0.6 million net acres and Chesapeake will own approximately... Read more..

Houston Technology Center Hosts Inaugural Gulf Coast Innovation Conference

The Houston Technology Center (HTC), a business accelerator that assists Houston-based emerging technology companies, is hosting its Gulf Coast Innovation Conference, which will feature presentations from emerging technology companies in the energy, life sciences, nanotechnology, information technology and aerospace technology industries. The conference will be held on Tuesday, November 18, at the InterContinental Hotel Houston. “We are excited... Read more..

Williams Exploring Changes in Company Structure to Enhance Shareholder Value

Williams announced that its management and board of directors are evaluating a variety of structural changes in the company to enhance shareholder value. The company expects to announce a specific direction in the first quarter next year. Among the potential changes is the separation of one or more of the company’s principal business units. Williams’ businesses span natural gas exploration and production; gathering and processing; and... Read more..

Air Products Signs Long-Term Hydrogen Supply Agreement with ExxonMobil’s Baytown Refinery

Air Products, the leading global hydrogen provider, today announced the signing of a long-term hydrogen supply agreement with ExxonMobil Refining and Supply Company. Air Products is to supply ExxonMobil’s Baytown, Texas refinery with additional hydrogen product from its extensive West Gulf Coast hydrogen pipeline network beginning in April 2010. “Air Products has established relationships with refineries around the world based on meeting... Read more..

Air Products to Supply Hydrogen to ExxonMobil in Louisiana

Air Products, the leading global hydrogen provider, today announced a long-term supply contract and plans to construct a new world scale hydrogen production facility, which will be connected to Air Products’ extensive Louisiana Hydrogen Pipeline Network, to serve ExxonMobil’s Baton Rouge, Louisiana refinery and additional customers in the region. The facility is expected to be on-stream in March 2010. “We are very pleased to expand... Read more..

Moving Up in a Down Economy With Gulf Ethanol

With markets coursing the wildest roller coaster in modern history, investors worry about making the wrong choice and often freeze out of fear. With financial stocks wiped out and oil prices dropping, where does the smart money go? Over one-half of all millionaires are invested in alternative energy — over $148 Billion in 2007. What makes the smartest investors in America pick alternative fuels? They have the information needed to see where... Read more..

Gulfport Energy Updates Operations Following Hurricanes

Gulfport Energy Corporation announced that all four tank batteries at its West Cote Blanche Bay (“WCBB”) field were operational as of October 10, 2008. Total company production from October 11 to October 16, 2008 averaged approximately 5,784 barrels of oil equivalent per day (“BOEPD”) as compared to average production of 5,669 BOEPD from August 1 to August 29, 2008 prior to curtailing production for Hurricane Gustav. From October... Read more..

Crosstex Energy Provides Operational Assessment of Texas and Louisiana Facilities after Hurricane Ike

Crosstex Energy, L.P. announced that the majority of its assets in Texas and Louisiana sustained minimal physical damage as a result of Hurricane Ike. Most of the Partnership’s facilities along the Gulf Coast are resuming or have resumed operations. However, the Sabine plant, because of its proximity to the Louisiana Gulf coast, sustained some damage that is still being assessed. It is expected the plant will not be operational for at least four... Read more..