Spectra sells Empress NGL
Published by Francesca Brindle,
Editorial Assistant
Hydrocarbon Engineering,
Spectra Energy Corp, one of North America's leading pipeline and midstream companies based in Houston, Texas, has announced that its indirect subsidiary, Westcoast Energy Inc., has completed the previously announced sale of its ownership interests in Spectra Energy's Canadian natural gas liquids (NGL) business to Plains Midstream Canada ULC, for a cash purchase price of approximately CAN$267 million (US$204 million), including approximately CAN$67 million (US$51 million) for inventory and working capital.
Adapted from press release by Francesca Brindle
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/05082016/spectra-energy-sells-empress-ngl-to-plains-midstream-canada-3863/
You might also like
Hydrocarbon Engineering Podcast
Mike Logue, Owens Corning Global Business Director – Mechanical Insulation, delves into factors that can support the performance, safety and longevity of insulating systems installed in hydrocarbon processing environments, including cryogenic facilities.
LBC Rotterdam completes construction of 36 storage tanks
LBC Rotterdam have announced the completion and the arrival of all 36 new storage tanks.
