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Stock Market & Financial Investment News

News Breaks
March 3, 2014
08:32 EDTWPZ, WMBWilliams Partners completes acquisition of Williams' Canadian assets
Williams Partners L.P. (WPZ) announced that it has completed the transaction to acquire Williams’ (WMB) currently in-service Alberta, Canada operations for $1.2B. The partnership announced the agreement on Feb. 26. The assets include an oil sands offgas processing plant near Fort McMurray, approximately 260 miles of NGL and olefins pipelines, as well as an NGL/olefins fractionation facility and butylene/butane splitter facility at Redwater. Williams Partners also acquired an in-progress expansion project at the Redwater facility. The expansion will provide additional fractionation business to Williams Partners related to development of offgas processing at the CNRL Horizon upgrader facility retained by Williams.
News For WPZ;WMB From The Last 14 Days
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March 19, 2015
16:15 EDTWMB, WPZWilliams announces FERC approval of Maryland natural gas pipeline
Williams announced that the Federal Energy Regulatory Commission has approved Transco’s application to expand its mainline pipeline system and construct an 11-mile pipeline lateral connecting Transco to an electric power generating facility in Cecil County, Md. The Rock Springs expansion project is designed to transport 192,000 dekatherms of natural gas per day to Old Dominion Electric Cooperative’s planned Wildcat Point Generation Facility. Transco’s Rock Springs expansion is among $4.8B in transmission projects Williams expects to place into service through 2017, the company noted.
March 16, 2015
08:03 EDTWMBWilliams' Atlantic Sunrise pipeline to generate $1.6B economic impact
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