Buckeye Pipe Line Transportation LLC, a subsidiary of Buckeye Partners LP, executed transportation services agreements with all committed customers for the Michigan/Ohio Pipeline expansion project, the parent company said Aug. 24..
An open season for the pipeline was completed, and the transportation services agreements allow engineering and construction to move forward.
The Michigan/Ohio Pipeline Expansion will allow more transportation for refined petroleum products from Michigan and Ohio into Ohio and western Pennsylvania.
The project is scheduled to be completed in second-half 2016.
Buckeye Partners LP is an MLP based in Houston.
Recommended Reading
Buffett: ‘No Interest’ in Occidental Takeover, Praises 'Hallelujah!' Shale
2024-02-27 - Berkshire Hathaway’s Warren Buffett added that the U.S. electric power situation is “ominous.”
Kissler: OPEC+ Likely to Buoy Crude Prices—At Least Somewhat
2024-03-18 - By keeping its voluntary production cuts, OPEC+ is sending a clear signal that oil prices need to be sustainable for both producers and consumers.
Aramco Reports Second Highest Net Income for 2023
2024-03-15 - The year-on-year decline was due to lower crude oil prices and volumes sold and lower refining and chemicals margins.
NGL Growth Leads Enterprise Product Partners to Strong Fourth Quarter
2024-02-02 - Enterprise Product Partners executives are still waiting to receive final federal approval to go ahead with the company’s Sea Port Terminal Project.
Private Equity: Seeking ‘Scottie Pippen’ Plays, If Not Another Michael Jordan
2024-01-25 - The Permian’s Tier 1 acreage opportunities for startup E&Ps are dwindling. Investors are beginning to look elsewhere.