Energy Transfer

The joint venture will be responsible for engineering, procurement, construction management, and commissioning of the planned 16.5-mtpa facility.

The acquisition of Crestwood Equity Partners extends Energy Transfer’s position deeper into the Williston and Permian basins and provides entry into the Powder River Basin.

The acquisition will enable Energy Transfer to send more barrels of Permian crude to oil hub at Cushing, Oklahoma.

The pipeline continues to operate as courts weigh expedited appeals from the Army Corp of Engineers and Energy Transfer.

Energy Transfer pursued the stay and expedited appeal after its emergency request for a stay was denied by the US District Court for the District of Columbia.

US Court decisions put two major pipelines on hold and led to the cancellation of another pipeline project within days of each other.

The court said it was mindful of the disruption the shutdown will cause but said the seriousness of deficiencies from the US Army Corps of Engineers outweighs the negative effects of shutting down the pipeline.

Energy Transfer will look at taking on new partners and possibly reducing the size of the Lake Charles LNG project.

The tender invites EPC contractors to develop a commercial bid for the lump-sum turnkey contract based on a fully developed scope related to design, engineering, technical, and safety specifications for the project. Commerical bids are expected next year.

The deal sees Energy Transfer gain, among other assets, various crude and natural gas liquids pipelines running from the Denver-Julesburg and Anadarko Basins.