A Barrel Fulll Archive

Feb. 03, 2022 Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced today that it has executed agreements selling its wholly-owned subsidiary that holds a 25 percent equity interest in the Gulf Coast Express Pipeline (“GCX”) for $857 million. Targa expects to receive the full proceeds from the sale in the second quarter of 2022 following a customary call right period in favor of the other members of GCX. J.P. Morgan is serving as Targa’s financial advisor and Vinson & Elkins LLP is acting as Targa’s legal counsel on the transaction.

Jan. 09, 2023 Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that it has completed the previously announced acquisition of Blackstone Energy Partners’ 25 percent interest in Targa’s Grand Prix NGL Pipeline (“Grand Prix”) for $1.05 billion in cash. The acquisition has an effective date of January 1, 2023, with Targa now owning 100 percent of Grand Prix. Grand Prix has capacity to transport up to one million barrels per day of natural gas liquids (“NGL”) to the NGL market hub at Mont Belvieu, Texas. Grand Prix connects Targa’s gathering and processing positions throughout the Permian Basin, North Texas, and Southern Oklahoma (as well as third-party positions) to Targa’s fractionation and storage complex at Mont Belvieu.

October 05, 2020 Navigator Borger Express LLC, an affiliated company of Navigator Energy Services (Navigator), announced today the launch of a binding open season on its Borger Express pipeline system (Borger Express) , to provide shippers the opportunity to secure crude oil transportation services from Cushing, Oklahoma to Borger, Texas. Prior to participating in the open season, interested parties must execute a confidentiality agreement to govern the receipt of the open season documentation. All potential shippers must submit binding commitments for service on the Borger Express pipeline by 12:00 p.m. Central Standard Time on November 5, 2020. The Borger Express pipeline will provide the new services by utilizing approximately 180 miles of an existing crude oil pipeline, and constructing nearly 200 miles of new, 16-inch diameter pipeline from Cleo Springs, Oklahoma to Borger. The project will provide shippers with critical transportation services for numerous grades of light and hea

Dec. 29, 2018 Energy Transfer LP (NYSE: ET) announced that effective today its Mariner East 2 natural gas liquids (NGLs) pipeline is in service, available for both interstate and intrastate service. The 350-mile NGL pipeline transports domestically produced ethane, propane and butane east from processing plants in Ohio across West Virginia and Pennsylvania to Energy Transfer’s Marcus Hook Industrial Complex in Delaware County, PA, where the NGLs are stored for distribution to local, domestic and waterborne markets. Mariner East 2 is part of Energy Transfer’s Mariner East system of pipelines designed to provide much-needed NGL takeaway capacity for the Marcellus and Utica Shale production areas in Eastern Ohio, West Virginia and Western Pennsylvania. The Mariner East 2X pipeline, which parallels Mariner East 2, is expected to be in service in late 2019. The Mariner East system will provide both operational flexibility and enhanced security of NGL supply from producing areas to key mark

November 09, 2016 Sunoco Logistics Partners L.P. (NYSE: SXL) today announced a strategic joint venture with ExxonMobil (NYSE: XOM) in which the companies will form Permian Express Partners LLC to combine certain of their key crude oil logistics assets. Sunoco Logistics will contribute its Permian Express 1, Permian Express 2 and Permian Longview and Louisiana Access pipelines. ExxonMobil will contribute: its Longview to Louisiana and Pegasus pipelines; Hawkins gathering system; an idle pipeline in southern Oklahoma; and its Patoka, Illinois, terminal. This joint venture establishes a stronger crude oil logistics network to meet market demand, provides additional take-away opportunities for shippers, and expands ExxonMobil’s options to supply its network of refineries. Concurrent with the transaction, ExxonMobil and its affiliates will enter into a preferred provider agreement with the joint venture. Sunoco Logistics will be the majority owner and operator of the joint-venture’s asse

12 SEP 2023 Prime Minister Shri Narendra Modi, will lay the foundation stone  of Downstream Petrochemical Complex and Refinery Expansion Project , at BPCL’s Bina Refinery in Bina, Madhya Pradesh, on 14 th  September 2023. In line with the aspirations of New Bharat, BPCL has envisioned modern Petrochemical Complex in its BINA REFINERY at Bina, Sagar, Madhya Pradesh. Investment of Rs 49,000 Crore would bring prosperity and happiness in the entire region of Bundelkhand. Under this Project the capacity of Bina Refinery would be enhanced to 11 MMTPA which would produce more than 2200 Kiloton petrochemical products. The entire project would be completed in five years. The Ethylene Cracker Complex will use the captive feedstock like Naphtha, LPG, Kerosene, etc. from Bina Refinery. Once completed the Petrochemical Complex would bring many diversified employment opportunities to the young entrepreneur of Bundelkhand region. This Petrochemical Complex would open the door for various downstream b