March 27, 2017

From the Houston Business Journal Canada-based Enbridge Inc. (ticker: ENB) is terminating about 1,000 employees starting March 22. The cuts represent about 6 percent of the company’s entire headcount, according to a statement from Enrbidge. The company has a significant presence in Houston, though it declined to break out the job cuts by location or group. Al Monaco is the

From Zacks Oklahoma based pipeline operator Magellan Midstream Partners, L.P. (ticker: MMP) recently entered into a new fee based agreement with commodity trader Trafigura Trading LLC for the use of its Corpus Christi condensate splitter. This will settle a lawsuit between the two firms over the facility. Trafigura had inked an agreement with Magellan Midstream in 2014 to use the condensate

From the San Antonio Business Journal Stockholders of both Tesoro Corp. (ticker: TSO) and Western Refining Inc. (ticker: WNR) voted to approve Tesoro’s acquisition of and merger with Western. At separate stockholder meetings, Tesoro stockholders approved issuing common stock for the deal while stockholders of Western Refining approved the adoption of the acquisition agreement and plan of merger. Tesoro stockholders voted 99 percent