World Pipelines - March 2020

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8 World Pipelines /MARCH 2020
WORLD NEWS
EVENTS DIARY
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THE
MIDSTREAM
UPDATE
• Fotech acquired by Launchpad
• Enbridge appoints new director
to its board
• Expansion for Farwest Corrosion
Control Company
• Court dismisses challenges to
Trans Mountain approval
30 March - 2 April 2020
15th Pipeline Technology Conference
Berlin, Germany
30 March - 3 April 2020
Tube Düsseldorf
Düsseldorf, Germany
5 - 9 April 2020
The NASTT 2020 No-Dig Show
Denver, USA
20 - 24 April 2020
PLCAC 66th Annual Convention
Hawaii, USA
4 - 7 May 2020
OTC 2020
Houston, USA
18 - 19 May 2020
Transportation Oil and Gas Congress
2020 (TOGC 2020)
Milan, Italy
20 - 22 May 2020
Pipeline & Gas Expo - The Utility
Construction Show
Piacenza, Italy
9 - 11 June 2020
Global Energy Show 2020
Alberta, Canada
18 June 2020
Integrity 2020
An online conference from World Pipelines
Interest in Saddlehorn Pipeline
acquired
Noble Midstream Partners and Greenfield
Midstream LLC have exercised the option to
acquire a 20% interest in the Saddlehorn Pipeline
through its Black Diamond Gathering joint venture.
Following a successful open season, the
Saddlehorn Pipeline is expanding by 100 000 bpd,
to a new total capacity of 290 000 bpd. The
incremental capacity is expected to be available in
late 2020 following the addition of incremental
pumping and storage capabilities. There will be no
additional capital required by Black Diamond in
2020 for the expansion of the pipeline.
Backed by minimum volume commitments
from high quality producers, the Saddlehorn
Pipeline acquisition gives Black Diamond entry
into high multiple, stable cash flows at
competitive valuation. The acquisition is expected
to generate returns above the company’s organic
capital plan and bolster the quality and
diversification of the Partnership’s cash flows.
With the pipeline online, Black Diamond
anticipates cash distributions in the 1Q20. NBLX
expects the acquisition to be leverage neutral to
2020 credit metrics and is expected to pay for the
acquisition through cash on hand and the
revolving credit facility. The effective date of the
transaction was 1 February 2020; Noble Midstream
2020 guidance included the Saddlehorn
acquisition and remains unchanged.
47 km of line pipes for Greece-
Bulgaria gas interconnector produced
The Greek company Corinth Pipeworks has
completed the production of 47 km of line pipes
for the route of the Interconnector Greece-
Bulgaria (IGB) gas pipeline. The first batch consists
of 32 in. diameter line pipes with external three-
layer polyethylene coating. Its delivery was
scheduled for the first week of February as the
pipes will be transported to storage bases along
the IGB route in both Greece and Bulgaria. Thanks
to the co-operation of all stakeholders,
construction work is progressing, and the project is
moving forward according to plan.
The length of the entire pipeline route is
183 km and a contract for the manufacture of
nearly 185 km of line pipes has been signed.
Following a public procurement procedure under
the Public Procurement Act, the contract was
awarded to the Greek manufacturer Corinth
Pipeworks. The production of the IGB line pipes is
being carried out at the company’s plant in
Boeotia, Greece, with a production capacity of
over 1 000 000 tpy.
ARB Midstream adds new
connection to pipeline system
DJ South Gathering, LLC (DJS), a subsidiary
of ARB Midstream, LLC (ARB) has
announced a key expansion of its fast-
growing crude oil gathering and
transportation system in the prolific DJ
Basin in northeastern Colorado, US.
DJS’ Platteville Complex now has
connectivity to Tallgrass Energy, LP’s Pony
Express Pipeline and terminal system. With
an initial throughput of 48 000 bpd, the
connection into Tallgrass’ Grasslands
terminal continues ARB’s mission to operate
the most connected crude pipeline system
and offer shippers the widest market
access, in the DJ Basin.
ARB’s link to Tallgrass’ Pony Express
system will be fed by ARB’s 300 000 bbls of
dedicated crude oil storage at Platteville,
which is in turn fed by DJS’s 90 000 bpd
Badger segment of the 220 000 bpd
Matador pipeline and the 150 000 bpd
bi-directional Freedom pipeline, linking
Platteville to Lucerne West.
ARB’s crude oil gathering systems
include over 250 miles of new pipeline
covering the core of the DJ Basin, with over
625 000 bpd of planned and existing
throughput capacity and 600 000 bbls of
storage.