Page 13 - NorthAmOil Week 26 2021

NorthAmOil NEWS IN BRIEF NorthAmOil

MIDSTREAM Alberta thermal units to natural gas. We thank Sequent moves gas to markets through
TransAlta for their partnership in the Pioneer transportation and storage agreements on
Tidewater announces Pipeline project.” strategically positioned assets, including along
Williams’ Transco system. The company
TIDEWATER MIDSTREAM AND
successful closing of INFRASTRUCTURE AND TRANSALTA, June 30, focuses on asset management and the
wholesale marketing, trading, storage and
2021
the Pioneer Pipeline sale Williams Completes transportation of natural gas for a diverse set
of natural gas utilities and producers.
to ATCO and results of acquisition of Sequent WILLIAMS, July 01, 2021
Tidewater’s annual general Energy Management Midstream Texas Operating

and special meeting Williams today announced it has completed to build transload facility on

Tidewater Midstream and Infrastructure, its acquisition of Sequent Energy Management Kansas City Southern Line
together with its partner TransAlta, is pleased and Sequent Energy Canada from Southern
to announce that it has closed its previously Company Gas. The acquisition, announced in Corpus Christi, Texas for
announced sale of the Pioneer Pipeline to in May, accelerates Williams’ natural gas
ATCO Gas and Pipelines for gross proceeds pipeline and storage optimisation and export of refined products
of $255 million. Tidewater received net cash marketing growth and increases Williams’
proceeds of CAD135mn which includes: the gas pipeline marketing footprint to over 8 into Mexico
sale of certain ancillary assets to TransAlta bcf/d, with expansions into new markets to
that closed concurrently with the Pioneer reach incremental gas-fired power generation, Kansas City Southern (KCS) and Midstream
Transaction; and, cash consideration for liquefied natural gas (LNG) exports and Texas Operating (MTO) today announced a
certain budgeted restoration work completed future renewable natural gas (RNG) and other long-term commercial agreement to provide
by Tidewater at TransAlta’s cost. The Pioneer emerging opportunities. truck-to-rail transloading services for
Pipeline will be integrated into the Nova “The addition of Sequent Energy petroleum and petrochemicals from Corpus
Gas Transmission Ltd. (NGTL) and ATCO Management, including its talented workforce Christi, Texas into Mexico. Operations are
Alberta integrated natural gas transmission and industry leading platform, complements expected to begin in fourth quarter 2021.
systems to provide reliable natural gas the current geographic footprint of our “KCS is looking forward to working with
supply to TransAlta’s power generating units core pipeline transportation and storage MTO to expand infrastructure to supply
at Sundance and Keephills. Tidewater will business,” said Alan Armstrong, president petroleum products to Mexico out of Corpus
use the proceeds from this disposition to and chief executive officer of Williams. “As we Christi. This new transload is strategically
accelerate its deleveraging plan and to repay continue to take a leadership role towards a close to supply locations and to the border for
debt under its credit facility. clean energy future, Williams sees significant expedient access to end markets,” said KCS
“The sale of the Pioneer Pipeline and opportunity to better source and deliver vice president energy and chemical products
its integration into NGTL’s and ATCO’s responsibly produced, low carbon supplies to Ginger Adamiak.
integrated natural gas transmission systems is domestic natural gas and international LNG “This service expansion offers our
a major milestone for Tidewater in achieving customers. Sequent’s operational footprint in customers proven transportation to an
its twelve-month leverage target of 3.0- the US and Canada provides Williams with attractive market. We are delighted to link
3.5x Net debt/Adjusted EBITDA,” said Joel an enhanced North American perspective of with MTO’s Ingleside terminal to offer
MacLeod, Chairman and CEO of Tidewater, natural gas markets, in turn bolstering the seamless marine, truck and rail movements,”
“The Pioneer Pipeline was a transformational company’s natural gas focused strategy, and said David Vattimo, CEO of MTO.
project for Tidewater. We are pleased to have I’m excited to welcome the Sequent employees On property leased from KCS, MTO will
played a role in converting TransAlta’s existing to the Williams family.” construct a transload facility, including siding
tracks and facilities for loading and staging of
200 rail cars per month in the initial phase.
The site is readily expandable to eventually
handle over 500 rail cars a month.
KANSAS CITY SOUTHERN AND MIDSTREAM
TEXAS OPERATING, June 29, 2021

DOWNSTREAM

Enterprise acquires
ethylene storage business

from NOVA Chemicals

Enterprise Products Partners and NOVA

Week 26 01•July•2021 www. NEWSBASE .com P13