On Wednesday, Shares of Phillips 66 (NYSE:PSX), gained 3.11% to $76.83.
Bayou Bridge Pipeline, LLC (Bayou Bridge) declares the launch of a binding expansion open season to assess additional interest in transportation service from Nederland, Texas, to refining markets in Louisiana on the Bayou Bridge Pipeline (BBP). Bayou Bridge is jointly owned by auxiliaries of Phillips 66 (PSX), Energy Transfer Partners, L.P. (ETP) and Sunoco Logistics Partners L.P. (SXL).
Construction is already underway on the BBP 30-inch pipeline segment from Nederland, Texas, to Lake Charles, Louisiana. Bayou Bridge anticipates commercial operations for this segment to start in the first quarter of 2016. The results of the expansion open season will be used by Bayou Bridge to determine the diameter of the BBP pipeline segment from Lake Charles to St. James, Louisiana. At St. James, BBP has agreed to a connection with NuStar Energy L.P.’s crude oil terminal and is in negotiations with additional parties to connect to the extensive existing crude oil terminalling infrastructure in the region, counting the Plains Marketing, L.P.’s crude oil terminal. The in-service date for commercial deliveries by Bayou Bridge to St. James, Louisiana, is forecast for the second half of 2017.
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks to its refineries and other locations; and delivers refined and specialty products, in addition to provides storage services for crude oil and petroleum products.
Shares of Waste Administration, Inc. (NYSE:WM), declined 1.20% to $49.81, during its last trading session.
Waste Administration, declared that it will release third quarter 2015 financial results before the opening of the market on Tuesday, October 27, 2015. Following the release, Waste Administration will host its investor conference call at 10:00 a.m. ET.
Waste Administration, Inc., through its auxiliaries, provides various waste administration environmental services to residential, commercial, industrial, and municipal customers in North America. It offer collection services, counting picking up and transporting waste and recyclable materials from where it was generated to a transfer station, and material recovery facility, or disposal site, in addition to develops and operates landfill gas-to-energy facilities in the United States.
At the end of Wednesday’s trade, Shares of Fitbit Inc (NYSE:FIT), gained 6.60% to $37.63.
Fitbit, declared that it supports HIPAA compliance, enabling Fitbit Wellness to more effectively integrate with HIPAA-covered entities, counting corporate wellness partners, health plans and self-insured employers. The U.S. Health Insurance Portability and Accountability Act (HIPAA) is the primary U.S. law governing the security and privacy of personal health information used by health insurance plans and other covered entities.
“We precedingitize protecting our consumers’ privacy and keeping their data secure,” said James Park, CEO and Co-Founder, Fitbit. “Our compliance with HIPAA safeguards formalizes this commitment, and, more importantly, it creates opportunities for more effective relationships with corporate wellness customers.”
Fitbit Inc. manufactures and provides wearable fitness-tracking devices worldwide. The company makes both wrist bands and clippable devices that monitor a user’s fitness activity by tracking the calories burned or distance covered.
Finally, Columbia Pipeline Group Inc (NYSE:CPGX), ended its last trade with 3.33% gain, and closed at $18.29.
Columbia Pipeline Group, and Columbia Pipeline Partners LP, declared that their partner, Columbia Gas Transmission, LLC received notification that its Mountaineer XPress Project (“MXP”) was recently accepted into pre-filing by the Federal Energy Regulatory Commission (“FERC”). (Docket number PF15-31)
Columbia plans to formally file its application with the FERC for MXP and Gulf XPress (“GXP”) in April 2016.
The approximate $2 billion MXP project will comprise the construction of roughly 165 miles of natural gas pipeline from Marshall County to Wayne County, West Virginia. It will create about 2.7 billion cubic feet per day of firm transportation capacity from existing and new points of receipt along or near Columbia Transmission’s system, providing producers in the Marcellus and Utica shale areas new transportation options to move gas out of the capacity-constrained supply basin and into the interstate market.
Columbia has already begun outreach to landowners and communities in areas where MXP will be constructed. Preceding to construction, the project will undergo a comprehensive and transparent environmental review overseen by the FERC. Throughout the review period, the MXP team will continue to work closely with landowners, local officials and communities to provide up-to-date information and ensure community involvement in the process.
Columbia Pipeline Group, Inc., together with its auxiliaries, owns, operates, and develops a portfolio of pipelines, storage, and related midstream assets. It owns about 15,000 miles of interstate gas pipelines from New York to the Gulf of Mexico; and natural gas storage systems with about 300 million dekatherms (MMDth) of working gas capacity, in addition to related gathering and processing assets.
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