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
Susan Bell, Senior Vice President within Commodity Markets – Oil, Rystad Energy, discusses the impact of trade wars on global oil demand and oil prices, in light of President Trump’s ‘Liberation Day’ tariffs.
Kumho Mitsui Chemicals begins chlor-alkali plant operation
Kumho Mitsui Chemicals has begun the operation of a chlor-alkali plant using thyssenkrupp nucera technology.
