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is better aligned to take advantage of the
terminals’ strengths. This should create more
growth opportunities for the operations and
provide employees with more resources to
ensure their continued growth and success as
well.”
“We are excited to finalise the acquisition
of the Texas City NuStar Terminal,” said
Michael (Mike) Suder, CEO of BWC
Terminals. “This terminal complements our
network of high-quality terminal storage of
hydrocarbons, chemicals, renewables, and
agricultural products across North America.
The addition provides increased growth
opportunities in the Gulf Coast Region to
with our commercial partners worldwide,” and beginning to fund our investments and optimise and further develop our operational
said Cristiano Costa, chief executive officer of distribution from cash flow from operations. capabilities in support of the supply chain
J. Global Energy Holdings. Along with these wins and a 2021 organic needs of our customers.”
THIRD COAST MIDSTREAM, December 07, 2020 capital programme focused mainly on well NUSTAR ENERGY, December 07, 2020
connections, we expect Noble Midstream
Noble Midstream Partners to generate sizable cash flow in excess of DOWNSTREAM
capital expenditures in 2021 and enable the
completes integration and partnership to reduce debt and protect the HOPA & REV LNG usher in
balance sheet.”
development plans with NOBLE MIDSTREAM PARTNERS, December 08, LNG bunkering at Port of
2020
new affiliate

Noble Midstream Partners announced that NuStar Energy closes Hamilton, a first on the
the partnership has successfully integrated on sale of its Texas City Great Lakes
its business into its new affiliate, Chevron
Corporation. Chevron has announced its terminals to BWC Terminals Yesterday, for the first time ever on the Great
capital and exploratory budget for 2021, Lakes, a marine vessel refueled with liquefied
with activity planned on Noble Midstream for $106mn natural gas (LNG). Carrying a load of asphalt,
dedicated acreage in both the DJ and the MV Damia Desgagnés docked at the
Delaware basins. NuStar Energy announced today that it has Port of Hamilton’s Pier 22 to refuel before
On Noble Midstream’s dedicated acreage, closed on the sale of its terminals in Texas departing for Detroit. As a result of a new
the partnership anticipates Chevron activity City, Texas, to BWC Terminals for $106mn. partnership between the Hamilton-Oshawa
to be primarily in the DJ Basin, where there The companies first announced this sale on Port Authority and REV LNG, marine vessels
is significant backbone infrastructure in November 2, 2020. will now be able to refuel with liquefied
place. As a result, Noble Midstream expects “While it was a difficult decision, this natural gas during any stopover at Hamilton
to allocate the majority of its 2021 organic divestiture allows us to deploy the proceeds Port. This is a major milestone in the energy
capital program to well connections with to further improve our debt metrics and evolution of the Great Lakes marine shipping
minimal larger-scale facility spending. Noble self-fund a larger proportion of our capital industry, which is looking for new ways to
Midstream plans to provide a detailed 2021 program,” said Brad Barron, president and reduce GHGs and advance environmental
investment program and guidance after its CEO of NuStar. goals.
third-party customer base finalises activity “And while the Texas City terminals are “As a founding member of the Green
plans and the Partnership receives Board great assets with outstanding operations Marine programme, we are always looking for
approval early in the first-quarter 2021. and employees, the location and unique new ways to support improved environmental
In its equity method investments, Noble configuration of these terminals were no performance. This offering to our shipping
Midstream does not anticipate any material longer synergistic with NuStar’s strategies customers will keep HOPA at the forefront,”
capital outlays next year. The Partnership for our other Gulf Coast assets,” Barron said Hamilton-Oshawa Port Authority CEO
anticipates growing full-year run rate added. “For this reason, we determined that Ian Hamilton. “We look forward to continuing
cash flow contribution in 2021 from the the best path forward for the continued to find new ways to support improving
intermediate and long-haul assets brought success of these facilities and NuStar was to air quality, reducing GHGs, and working
online or acquired this year. allow them to be acquired by an entity that collaboratively with Canadian and US marine
Robin Fielder, president and CEO of can take advantage of the terminals’ niche and energy sector partners to help accelerate
the partnership stated: “Noble Midstream petrochemical and petroleum capabilities. We the adoption of LNG, and spur further fuel
achieved significant accomplishments this are pleased that BWC Terminals has just such innovations. It also aligns with HOPA’s goal to
year, reducing its cash operating costs by more a business model. be carbon neutral by 2025.”
than 20%, placing multiple major equity- “And the Texas City employees are now a HOPA PORTS, December 10, 2020
method investment pipelines into full service, part of a company with a business plan that

P18 www. NEWSBASE .com Week 49 10•December•2020