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Released September 21, 2017 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking Oil & Gas projects with an estimated total investment value of $38.5 billion that are set to begin or be completed from October through December this year. That includes $12.75 billion in project starts and $25.75 billion in completions. The U.S. Southwest region, with $20.6 billion of these projects, leads the U.S. in terms of value, followed by the Mid-Atlantic, with $8.7 billion of these projects.
Click on the image at right for a breakdown by market region of planned fourth-quarter Oil & Gas project starts and completions.
Among the largest and most anticipated projects to be completed is Dominion Energy Incorporated's (NYSE:D) (Richmond, Virginia) Cove Point liquefied natural gas (LNG) production and export plant. The plant, located in Lusby, Maryland, will be able to liquefy 1 billion cubic feet per day (Bcf/d) of natural gas to produce 5.25 million tons per year of LNG. Dominion has previously been granted permission to export LNG to countries without a free trade agreement with the U.S., and 20-year tolling agreements with various international corporations are in place. A consortium of IHI E&C International Corporation (Houston, Texas) and Kiewit Engineering Group Incorporated (Lenexa, Kansas) is performing engineering, procurement and construction on the project. For more information, see Industrial Info's project report and August 3, 2017, article - Dominion Energy: Cove Point LNG Facility 95% Complete.
Also on the books to be completed in the fourth quarter is Hess Corporation's (NYSE:HES) (New York, New York) grassroot Stampede oil and gas production platform, located about 170 miles southeast of New Orleans in the Gulf of Mexico. The project has a price tag of more than $6 billion and involves drilling 10 wells (six production and four water injection) at depths of 3,350 feet. Construction on the project began in mid-2015. The platform will have a processing capacity of 80,000 barrels per day (BBL/d) of oil, 120 million cubic feet per day of natural gas and 100,000 BBL/d of water injection. For more information, see Industrial Info's project reports on the platform and subsea development.
Dominion Energy also is heading up one of the largest project starts for the quarter. The Atlantic Coast natural gas pipeline will traverse about 600 miles in West Virginia, Virginia and North Carolina to serve customers in those states. The project has an overall estimated total investment value of $5 billion. The pipeline will carry up to 1.5 Bcf/d of natural gas to markets in the mid-Atlantic region. The project has an in-service date of the second-quarter of 2019. The pipeline is a joint venture of Dominion, Duke Energy Corporation (NYSE:DUK) (Charlotte, Virginia) and Southern Company Gas (Atlanta, Georgia). For more information, see Industrial Info's project reports on the West Virginia, Virginia and North Carolina portions of the pipeline and July 25, 2017, article - FERC Gives Environmental OK for Dominion's Atlantic Coast Pipeline.
In Gulfport, Mississippi, SeaOne Holdings LLC (Houston, Texas) plans to start construction on a compressed gas liquids storage and export facility in the fourth quarter. The $450 million project will include a 400 million-cubic-foot steel-piping containment for compressed gas liquids and a berthing facility at the Port of Gulfport. The facility will receive compressed gas liquids from an offtake pipeline system upstream of BP plc's (NYSE:BP) (London, England) gas processing plant in Pascagoula, Mississippi, and will ship to Caribbean countries with a U.S. free trade agreement. Freeman & Curiel Engineers LLP (Houston, Texas) is providing front-end engineering design for the project, which is expected to be completed in the first half of 2019. For more information, see Industrial Info's project report.
In Port Barre, Louisiana, Hazelwood Energy (Port Barre) plans to begin construction on a grassroot crude oil blending facility. The project will include six above-ground oil storage tanks and four salt dome caverns to store and blend up to 10 different types of crude. Hazelwood will have access to an extensive network of five major pipelines to ship blended crude oil to refinery customers in the Gulf Coast region. Hazelwood will operate a barge loading and unloading facility as well. The project remains in the late planning stage, but would take about a year to complete once construction begins. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
Click on the image at right for a breakdown by market region of planned fourth-quarter Oil & Gas project starts and completions.Among the largest and most anticipated projects to be completed is Dominion Energy Incorporated's (NYSE:D) (Richmond, Virginia) Cove Point liquefied natural gas (LNG) production and export plant. The plant, located in Lusby, Maryland, will be able to liquefy 1 billion cubic feet per day (Bcf/d) of natural gas to produce 5.25 million tons per year of LNG. Dominion has previously been granted permission to export LNG to countries without a free trade agreement with the U.S., and 20-year tolling agreements with various international corporations are in place. A consortium of IHI E&C International Corporation (Houston, Texas) and Kiewit Engineering Group Incorporated (Lenexa, Kansas) is performing engineering, procurement and construction on the project. For more information, see Industrial Info's project report and August 3, 2017, article - Dominion Energy: Cove Point LNG Facility 95% Complete.
Also on the books to be completed in the fourth quarter is Hess Corporation's (NYSE:HES) (New York, New York) grassroot Stampede oil and gas production platform, located about 170 miles southeast of New Orleans in the Gulf of Mexico. The project has a price tag of more than $6 billion and involves drilling 10 wells (six production and four water injection) at depths of 3,350 feet. Construction on the project began in mid-2015. The platform will have a processing capacity of 80,000 barrels per day (BBL/d) of oil, 120 million cubic feet per day of natural gas and 100,000 BBL/d of water injection. For more information, see Industrial Info's project reports on the platform and subsea development.
Dominion Energy also is heading up one of the largest project starts for the quarter. The Atlantic Coast natural gas pipeline will traverse about 600 miles in West Virginia, Virginia and North Carolina to serve customers in those states. The project has an overall estimated total investment value of $5 billion. The pipeline will carry up to 1.5 Bcf/d of natural gas to markets in the mid-Atlantic region. The project has an in-service date of the second-quarter of 2019. The pipeline is a joint venture of Dominion, Duke Energy Corporation (NYSE:DUK) (Charlotte, Virginia) and Southern Company Gas (Atlanta, Georgia). For more information, see Industrial Info's project reports on the West Virginia, Virginia and North Carolina portions of the pipeline and July 25, 2017, article - FERC Gives Environmental OK for Dominion's Atlantic Coast Pipeline.
In Gulfport, Mississippi, SeaOne Holdings LLC (Houston, Texas) plans to start construction on a compressed gas liquids storage and export facility in the fourth quarter. The $450 million project will include a 400 million-cubic-foot steel-piping containment for compressed gas liquids and a berthing facility at the Port of Gulfport. The facility will receive compressed gas liquids from an offtake pipeline system upstream of BP plc's (NYSE:BP) (London, England) gas processing plant in Pascagoula, Mississippi, and will ship to Caribbean countries with a U.S. free trade agreement. Freeman & Curiel Engineers LLP (Houston, Texas) is providing front-end engineering design for the project, which is expected to be completed in the first half of 2019. For more information, see Industrial Info's project report.
In Port Barre, Louisiana, Hazelwood Energy (Port Barre) plans to begin construction on a grassroot crude oil blending facility. The project will include six above-ground oil storage tanks and four salt dome caverns to store and blend up to 10 different types of crude. Hazelwood will have access to an extensive network of five major pipelines to ship blended crude oil to refinery customers in the Gulf Coast region. Hazelwood will operate a barge loading and unloading facility as well. The project remains in the late planning stage, but would take about a year to complete once construction begins. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
