Shell Midstream Partners LP acquired interests in three U.S. Gulf of Mexico (GoM) pipelines--10% interest in Proteus Oil Pipeline Co LLC, 10% interest in Endymion Oil Pipeline Co. LLC and 1% interest in Cleopatra Gas Gathering Co. LLC--from BP Plc (NYSE: BP).
The terms of the acquisition were approved by the board of directors of Shell Midstream’s general partner, according to a Dec. 28 press release.
Proteus is a 71-mile crude oil pipeline with a 425,000 barrel per day (Mbbl/d) capacity. The pipeline provides access to the Mississippi Canyon area of the GoM from Thunder Horse and Thunder Hawk to the Proteus SP 89E Platform.
Noble Energy Inc.'s (NYSE: NBL) Big Bend and Dantzler fields are tied back to the Thunder Hawk Platform, the press release said.
Endymion is an 89-mile crude oil pipeline with a 425 Mbbl/d capacity, also providing access to the Mississippi Canyon area. It is connected to LOOP Clovelly storage with access to multiple markets.
Cleopatra is a 115-mile gas gathering pipeline in Southern Green Canyon, with access to Atwater Valley, Walker Ridge, and Lund.
Cleopatra is currently connected to the Holstein, Atlantis, Neptune, Shenzi and Mad Dog platforms. The system will transport new volumes from the Mad Dog 2 Field once it comes online, the press release said.
Recommended Reading
US Oil Firms Evacuate Staff, Cut Drilling Ahead of Storm Francine
2024-09-09 - Francine is moving toward U.S. Gulf of Mexico waters and predicted to become the fourth hurricane of the Atlantic season.
Shell to Buy New England Gas-fired Power Plant
2024-10-24 - Shell already had a market agreement with RISEC Holdings for all of the electricity the 609-MW Rhode Island plant produced.
Hotter Temps Drive Japanese Demand for Spot LNG from US
2024-09-11 - Above-average temperatures are forecast for most regions of Japan through early October, compelling the country to seek prompt LNG, potentially from the U.S., to cover extended summer-related electricity demand.
Barnett Shale’s BKV to Launch Delayed IPO of Natgas-focused E&P
2024-09-20 - BKV Corp. has positioned itself as an LNG supplier near Gulf Coast markets with production averaging 718 MMcfe/d across about 460,000 Barnett acres, supported by 778 miles of associated gas gathering pipelines and 65 compression units.
Hurricane Francine Shuts in Quarter of GoM Oil, Gas Production
2024-09-11 - The Bureau of Safety and Environmental Enforcement reported that 130 platforms and several rigs were affected as the storm approached the Louisiana coast.