Partnerships have survived the down-cycle and turned around, say Enterprise and EnLink executives at the annual MLP conference.
U.S. Senate Democrats on May 23 urged President Donald Trump to try to prod OPEC to take steps to lower oil prices and suggested that millions of Americans will see tax cut proceeds canceled out by higher fuel costs.
A Kuwait Petroleum Corp.-owned firm plans to borrow up to $2.6 billion from banks and export credit agencies to build a LNG import terminal, banking sources said on May 23.
The oil and gas industry is pushing to improve returns as it rebounds from a long downturn.
Conference’s first day winds up with a keynote describing a swift production ramp-up and a roundtable discussion tackling where the output is heading and market impact.
The investment, BP Ventures said, is part of a push to tap into the growth in electric vehicle technologies and infrastructure.
South Korea's SK Holdings said in a statement that the investment in Brazos Midstream would be made through its U.S.-based unit Plutus Capital.
Investors overseeing almost $10.5 trillion in assets call for the oil and gas industry to be “more transparent and take responsibility for all of its emissions.”
FERC’s ruling, cited by the two pipeline companies as the reason for the moves, eliminated income tax allowances for some MLPs.
Oil prices hit $80 a barrel on May 17 for the first time since November 2014 on concerns Iranian exports could fall, reducing supply in an already tightening market.