Shell Midstream Partners takes interest in Poseidon oil pipeline

Shell Midstream Partners LP has completed its acquisition of 36% equity interest in Poseidon Oil Pipeline Co. LLC from Equilon Enterprises LLC, a subsidiary of Shell Oil Products US, for $350 million.

Poseidon is a proprietary 367-mile offshore crude oil pipeline with 350,000 b/d capacity transporting to Texas and Louisiana. It includes ownership of strategic platform South Marsh Island 205.

“This marks the second acquisition by Shell Midstream Partners following the initial public offering,” said Peggy Montana, general partner board member (OGJ Online, Apr. 30, 2015).”

She said Poseidon is a “key corridor pipeline” for producers with close proximity to developments in the central and western Gulf of Mexico.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...