Enbridge Inc. will build, own and operate a crude oil pipeline in the Gulf of Mexico to connect Hess Corp.’s planned Stampede development to an existing third-party pipeline system. The lateral pipeline is expected to cost about $130 million and be operational in 2018. The Stampede development was sanctioned by Hess and its project co-owners in October 2014.
The Stampede lateral will originate in Green Canyon Block 468, about 220 miles southwest of New Orleans, La. It will be about 16 miles in length and 18 inches in diameter. Water depth at the planned location is about 3,500 feet.
Enbridge’s offshore pipelines transport about 40% of the gas produced in the deepwater Gulf of Mexico, and 45% of ultra-deep gas production. Its offshore assets include interests in 11 gas gathering and transmission pipelines and one crude oil pipeline in four major pipeline corridors off the coasts of Louisiana and Mississippi.
Recommended Reading
Core Scientific to Expand its Texas Bitcoin Mining Center
2024-04-16 - Core Scientific said its Denton, Texas, data center currently operates 125 megawatts of bitcoin mining with total contracted power of approximately 300 MW.
Liberty Energy CEO: NatGas is Here to Stay as Energy Transition Lags
2024-03-27 - The energy transition hasn’t really begun given record levels of global demand for oil, natural gas and coal, Liberty Energy Chairman and CEO Chris Wright said during the DUG GAS+ Conference and Expo.
Exclusive: Chevron Balancing Low Carbon Intensity, Global Oil, Gas Needs
2024-03-28 - Colin Parfitt, president of midstream at Chevron, discusses how the company continues to grow its traditional oil and gas business while focusing on growing its new energies production, in this Hart Energy Exclusive interview.
Exclusive: Renewables Won't Promise Affordable Security without NatGas
2024-03-25 - Greg Ebel, president and CEO of midstream company Enbridge, says renewables needs backing from natural gas to create a "nice foundation" for affordable and sustainable industrial growth, in this Hart Energy Exclusive interview.
API Gulf Coast Head Touts Global Emissions Benefits of US LNG
2024-04-01 - The U.S. and Louisiana have the ability to change global emissions through the export of LNG, although new applications have been frozen by the Biden administration.