Bernstein analysts say Mountain Valley, Atlantic Coast pipeline projects may not get finished FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Even with 10 Bcf/d of new pipeline capacity added in the past 15 months, Appalachia’s pipeline buildout may be finished, putting the completion of late comers such as the EQM Midstream Partners LP-led Mountain Valley Pipeline LLC project and the Dominion Energy Inc.-led Atlantic Coast Pipeline LLC project in doubt, analysts at the investment management company Sanford C. Bernstein & Co. LLC told clients Jan. 24.“We had anticipated that building through [North Carolina and Virginia] would be difficult,” Bernstein’s midstream analyst Jean Ann Salisbury said in a research note. “The perfect combo of no major recent new pipelines and no state upstream benefit usually leads to problems —just ask [Williams Cos. Inc.’s Constitution Pipeline Co. LLC].”The costs of the 2-Bcf/d Mountain Valley pipeline and the 1.5-Bcf/d Atlantic Coast pipeline have grown to $4.6 billion and $7 billion, respectively, Bernstein said. These increases may force the operators to charge too high a tariff and make them uncompetitive, according to the firm.“This translates to $1.30-$2.60/MMBtu, almost certainly more than the cost differential to source from another basin,” Bernstein said. “To us this suggests that we are nearing the end of the buildout period, and even that possibly only one of these projects will ultimately get done.”Bernstein said that while producers in the dry gas portion of the Marcellus and Utica shales in northeast Pennsylvania will begin to bump up against a cap on takeaway capacity sometime this year, producers in the southwest portions of Appalachia have lots of running room. With capacity currently available out of both Appalachian regions, producers can look forward to better price realizations, Bernstein said, which is good for companies such as Cabot Oil & Gas Corp., Range Resources Corp. and Southwestern Energy Co. However, Bernstein said, there is a danger that the more Marcellus gas is on the national market, the further national prices will fall.More ($): Appalachian pipeline buildout looks to be ending, Bernstein analyst says
By Duro IkhazuagbeAkwa United and Niger Tornadoes exhibited the worst of Nigeriaâ€™s club football before newÂ Confederation of African FootballÂ (CAF) President, Ahmad, yesterday in the final of the maiden AITEO Cup at the Agege Stadium.At the end of a drab 90 minutes, Akwa United won the ensuing penalty kicks 3-2 to pocket the sponsorâ€™s N25million while Tornadoes got N10million.Â Gabriel Okechukwu scored the winning last spot kick for the Uyo team.Although Akwa United bagged the right to represent Nigeria at the next CAF Confederation Cup, the 2017 final of the previous Federation Cup was not a worthy advertisement for Nigerian club football.Â Â There certainly was nothing to cheer all through the clash of the oldest football competition in the country.On a day football fans in Lagos had looked forward to seeing those skills and enthralling moments that the former Challenge Cup was known for, what both NPFL clubs displayed sent most fans into sleep mode inside the Agege Stadium.In the first half, there were no clear-cut chances created by both teams.Â FridayÂ Ubong was denied a clear sight on goal by a timely header by Niger Tornadoes defender Reuben Ogbonnaya.Akwa United striker Musa Newman was let down by a poor first touch right inside the box late in the first 45 minutes. The second half was equally not better than the first before the spot kicks.Interestingly, substitute Okechukwu who converted the last kick, failed to convert the biggest chance of the day in the 85thÂ minute when he was clear on goal with only goalkeeper Mustapha Aliko to beat but.Akwa Unitedâ€™s goalkeeper Olorunleke Ojo won both the Best Goalkeeper and Most Valuable Player awards while his Coach, Abdu Maikaba, was adjudged the Best Coach.Â Akwa Unitedâ€™s forward Christian Pyagbara also claimed the Top Scorerâ€™s award with his seven goals in this yearâ€™s competition.This win is Akwa Unitedâ€™s second Federation Cup triumph after the Uyo club first won the competition two years ago.Meanwhile,Â sponsor of the Federation Cup, Nigerian oil company, AITEO Group, has taken over the sponsorship of the annual CAF Awards organised by the CAF.Telecommunications company Globacom has been sponsoring the awards since 2005 butÂ AITEOÂ announcedÂ yesterday that it has taken over the role.The CAF Awards recognise the best players, coaches, administrators and teams in Africa annually.â€œWe are now proud to take our corporate social investments in developing African football by sponsoring @CAF Online awardâ€¦ More to follow,â€ AITEO tweetedÂ on SundayÂ along with a picture of CAF President Ahmad in Lagos.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Oil firm takes over sponsorship of CAF awards
Ghana’s Black Stars coach James Kwesi Appiah has claimed that he is not particular about any team as FIFA gets set to conduct the draw for the 2014 World Cup on Friday, December 6.“First it is good we have qualified for the World Cup which [was] the main aim at the start of the qualifiers. For me, I’m open to facing any team at the World Cup as we cannot determine who and who we want to play against,” Appiah told JOY Sports“All 32 countries have equal opportunities of doing well because they are the best from the different continents of the world at the moment. Same goes for Ghana. I believe we have a team that can do well and go as far as the final.“Our concern right now is to do well at the World Cup next year. The World Cup is always a big stage to show what you’re capable of doing as a player and as a team. But right now we will concern ourselves with preparing for the World Cup rather than bother about who our opponents will be.“We welcome any team we are drawn against and we will be prepared to give our best,” Appiah concluded.Ghana have been placed in pot three alongside Africa’s four other representatives,Cote d’ Ivoire, Nigeria and Cameroon.The FIFA World Cup draws will hold in Bahia on Friday while the finals will run from June 12 to July 13, 2014.