Page 12 - NorthAmOil Week 44

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NEWS IN BRIEF
NorthAmOil
incremental capacity demonstrates the significant continued interest out of the WCSB to secure access to high value downstream markets. Additionally, local distribution companies in the Pacific Northwest are looking at the WCSB to diversify their supply sources,” said Nathan Brown, President of
the General Partner. “GTN XPress reflects
TC PipeLines’ and GTN’s commitment to providing customers timely and reliable access to these markets through appropriate facility replacements, expansions and services.”
GTN XPress reflects the optimal combination of horsepower replacements
and other reliability work with incremental brownfield compression facilities at stations along GTN’s existing system footprint.
The project’s reliability and horsepower replacement work is anticipated to be in service by the end of 2021 and will account for more than three quarters of the total project cost. These costs are expected to be recovered in recourse rates. The work associated with the incremental firm capacity is anticipated to be commercially phased into service through November 2023 and is fully underpinned
by fixed negotiated rate contracts with an average term in excess of 30 years beginning in 2022. The incremental capacity is expected to generate approximately $25mn in revenue annually when fully in service.
TC PIPELINES, November 01, 2019
Shale Support signs new agreement to expand partnershipwithShaleRail in Wysox area
Shale Support Global Holdings, a leading provider of frack sands and logistical solutions to the oil and gas proppant market, announced it has signed an extension to continue working with Shale Rail as the exclusive supply company for a Wysox, Pennsylvania, facility.
In an effort to better serve the Marcellus Shale Basin area, Shale Rail released plans to
add an additional new track within their yard to provide more capacity for the Wysox area. As Shale Support and Shale Rail continue to grow in the Northeast, this expansion will help increase overall service performance and reliability for several customers in 2020 and beyond, all while maintaining efficient truck flows within the facility.
“We look forward to our continued partnership with Shale Support through 2020 and beyond,” said Thomas Coleman, vice president of business development. “We are excited to be able to provide producers
in the basin a low cost, high performance solution. In addition, we will be adding new track and infrastructure next year, which
will increase capacity in Wysox to support completion operations by E&P’s in Northeast Pennsylvania.
Shale Rail is a part of the Northeast Freight Family of Companies and was created to contribute to Pennsylvania’s expanding industries with a focus on Marcellus Shale oil and gas. The Wysox location has the capacity to transload over 80,000 tons per month of frack sand.
Shale Support mines Delta Pearl from
its properties in Picayune. Delta Pearl is the frac sand of choice among operators and third-party suppliers with operations in the Marcellus/Utica, Eagle Ford and Haynesville/ Tuscaloosa shale plays.
SHALE SUPPORT GLOBAL HOLDINGS, October 29, 2019
DOWNSTREAM
HuskyEnergyclosessaleof Prince George refinery
Husky Energy has closed the sale of its 12,000 barrel per day Prince George Refinery to Tidewater Midstream and Infrastructure for CAD215mn in cash, plus a closing adjustment of approximately CAD53.5mn.
Proceeds of the sale will be used in accordance with Husky’s funding priorities, which include maintaining the strength of
the balance sheet and returning value to shareholders through a sustainable cash dividend.
The transaction includes a contingent payment to Husky of up to CAD60mn over two years. The company has entered into a five-year offtake agreement with Tidewater for refined products from the refinery, located in Prince George, British Columbia.
TD Securities acted as financial adviser for the sale, with Torys as legal adviser.
HUSKY ENERGY, November 01, 2019
Chinese LNG distributor
proposes LNG processing
facility in British Columbia
A Chinese distributor of LNG, Top Speed Energy (TSE), has said wants to build a processing facility near Terrace, in the Canadian province of British Columbia.
TSE sent a letter to area residents near
the site on October 16, local media reported, seeking feedback on a facility that could process 150,000 tonnes per year (tpy) of LNG. The project, Skeena LNG, is small enough for the company to bypass federal and provincial environmental assessments, according to the letter. Instead, TSE will submit a permit application to the BC Oil and Gas Commission (OGC) and any required applications to the City of Terrace.
The facility would be located on Qinhuangdao Economic and Technological Development Zone land. The site is privately owned by Taisheng International Investment Services, which bought the land in 2014.
The project would receive natural gas from a nearby pipeline. Power to treat and liquefy the gas would come from a nearby BC Hydro transmission line.
Delfin announces
advancements in newbuild
FLNGvesseldevelopmentin
partnership with Samsung
Heavy Industries and Black
& Veatch
Delfin Midstream initiated co-operation with Samsung Heavy Industries (SHI) and Black & Veatch in Q4 2018 and successfully completed a pre-FEED study for a newbuild FLNG vessel in the first half of 2019. In parallel
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Week 44 05•November•2019