Acquisitions & Divestitures - Midstream


Hess Closes Sale, Establishes $5.35B Bakken Midstream JV

Midstream assets included in the joint venture include a natural gas processing plant in Tioga, N.D. Hess Infrastructure will make an IPO of Hess Midstream Partners LP common units.

Thu, 07/02/2015 - 11:46

Norwegian Tycoon Fredriksen Will Merge Tanker Companies

Frontline 2012 was spun off from Frontline three years ago and has since divested its dry-bulk and gas fleet to focus on crude oil and product tankers, Reuters said.

Thu, 07/02/2015 - 09:56

Rail Could Move Ultralight Condensate That’s Filling West Texas Output

Ultralight condensate is increasingly part of the makeup of far West Texas and New Mexico output. It could be moved by rail if too light for pipelines, Reuters said.

Thu, 07/02/2015 - 09:34

Twele Will Retire As CFO Of World Point Terminal’s General Partner

Jonathan (JQ) Affleck was appointed by the board to replace Steven G. Twele as vice president and CFO of the general partner of World Point Terminals LP


Wed, 07/01/2015 - 10:10

British Columbia First Nations Sign Coastal GasLink Agreements

A 670-kilometer natural gas pipeline will run from Groundbirch area near Dawson Creek, British Columbia, to proposed LNG Canada liquefied natural gas export facility near Kitimat, also in the province.

Tue, 06/30/2015 - 14:36

The Energy Business Is ‘Living Dangerously’ In A Changing World

Multiple political and military trends, along with the rise in U.S. crude oil and natural gas production, are occurring at the same time. And that makes for an uneasy situation, Tom Petrie says.

Tue, 06/30/2015 - 10:05

Meritage, NGL Energy JV Opens Up Powder River Opportunities

The partnership could serve as a launching point for continued growth in the region, analyst says.

Mon, 06/29/2015 - 15:20

Joint Lead Arrangers Commit To Sabine Pass Liquefaction

 Cheniere Partners will close credit facilities and issue Bechtel Oil Gas and Chemicals Inc. a notice to proceed on Train 5. Trains 1, 2 were about 90.8% complete May 31.

Mon, 06/29/2015 - 12:16

Slow Oil Drilling, Low Natural Gas Prices Impact Railroad Stocks

Index of the four largest publicly traded U.S. railroads dropped 20% from November, Bloomberg said. Low natural gas prices drain coal demand; oil drilling slows. Petroleum carloads are down 0.6.

Mon, 06/29/2015 - 09:10

Magnum Hunter To Sell Eureka Pipeline, Easing Liquidity Woes

Only a portion of the Utica and Marcellus pipeline was up for sale, but a premium bid worth hundreds of millions changed CEO Gary Evans’ thinking.

Darren Barbee
Mon, 06/29/2015 - 08:58

Rex American Resources Upsizes Share Buyback

When the previous 31,138 shares are added to this amount, Rex American can now buy back 531,138 shares. To date, the company has repurchased 466,444 shares priced at $62.53 each.

Thu, 06/25/2015 - 10:52

Miller Becomes General Counsel At Williams

Sarah Miller replaced Craig Rainey, who retired, as leader of the natural gas infrastructure company’s legal team. She reports to Alan Armstrong, president and CEO. Miller joined Williams in 2000.

Thu, 06/25/2015 - 09:49