Finance - News
U.S. federal energy regulators approved EQT Midstream Partners LP's request to proceed with construction along various segments of its $3.5 billion Mountain Valley natural gas pipeline from West Virginia to Virginia.
EV Energy Partners, an MLP, filed for Chapter 11 in early April. Parent firm EnerVest and its EnerVest Operating unit did not file for bankruptcy.
Goodnight Midstream, a leading midstream water infrastructure company, recently expanded its revolving credit facility to $320 million.
Questerre Energy reported on June 4 that it has executed a letter of intent with a senior E&P company to settle outstanding litigation and acquire all their assets in the St. Lawrence Lowlands, Quebec.
Saudi Aramco has created a subsidiary to house its multibillion-dollar pension fund and could spin off its aviation division ahead of its planned IPO.
Canada’s decision to buy Kinder Morgan Canada Ltd.’s Trans Mountain pipeline was brought about by a “particularly problematic” situation and is not a symbol of how things get done in the country, the finance minister said on May 30.
Oil prices extended losses on May 28 as Saudi Arabia and Russia said they may increase supplies while U.S. production gains show no signs of slowing.
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.
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.