Crude oil storage company Fairway Energy Partners on Thursday announced the closing of an undisclosed amount of private equity financing from Haddington Ventures, with proceeds to be used to construct the first phase of the Pierce Junction crude oil storage facility.Fairway will convert three existing underground storage caverns at the Pierce Junction Salt Dome in south Houston, Texas, into crude oil storage service and will build-out all requisite pipelines, brine ponds, interconnects and pumping capacity to put the facility into commercial service, Kallanish learns.The initial phase of the project is expected to be in service by the end of 2016 and has been designed to allow for storage of roughly 10 million barrels (MMBbl). 46 more words
Tags » Construct
EQT Midstream Partners on Thursday said it’s signed an agreement with Range Resources–Appalachia to construct a $250 million natural gas header pipeline in southwest Pennsylvania to support Range’s dry Marcellus and Utica Shale development.The 32-mile pipeline’s projected capacity is in excess of 500 million cubic feet per day (MMcf/d), and is backed by a long-term firm capacity reservation commitment, according to EQT Midstream.The master limited partnership midstreamer plans to complete the project in two phases, with phase one expected to be in-service by the third quarter of 2016, and phase two online by mid-year 2017.The majority of capital investment is expected throughout 2016 and the first half of 2017.Note: Read all of the Kallanish Commodities Energy News which is published daily online, … 37 more words
I know time doesn’t exist, because I have never experienced time, thus I don’t have to prove that it exists.
My mind stores each passing moment and recalls them in a sequence that we perceive as memories, but this isn’t time, this is our perception of the passing of time. 180 more words
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