With share prices halved along with oil prices, investing opportunities abound What’s coming in 2016? Institutional investors head to Denver Aug. 16-20 to listen to the oil & gas sector’s go-forward strategies Where is the industry today and where is it heading? After a lengthy pattern of producing and selling $90+ oil, the industry was jolted when OPEC announced its decision
North America’s Largest Energy-Focused Investor Conference Comes to Denver Aug. 16-20 Conference presenters are operating in more than 40 countries on six continents Enterprise values of presenting companies range from $160 billion to $9 million CNBC and Fox Business to broadcast live coverage from the conference The world’s oil and gas industry will showcase itself to investors in Denver in
Iranian Gas Engineering and Development Company says pipeline could be ready before the end of August Managing Director of the Iranian Gas Engineering and Development Company Alireza Gharibi said the company finished testing 100 kilometers (about 62 miles) of pipeline that will run from Iran to neighboring Iraq. Gharibi said the company hopes to export natural gas to Iraq in
Private equity firm Five Point Capital funds midstream MLP EVX EVX Midstream Partners announced its formation last Friday with a $75 million equity commitment from Five Point Capital Partners. EVX is a private midstream MLP that will focus on the development of crude oil, natural gas and produced water gathering, processing, treating and transportation assets in the Permian Basin, Eagle
Divested Assets Worth 3% of EPD’s Gross Operating Margin Enterprise Products Partners (ticker: EPD), the largest master limited partnership in EnerCom’s MLP Scorecard Benchmarking Report, has sold its offshore Gulf of Mexico pipelines and services business to Genesis Energy LP (ticker: GEL) for $1.5 billion. The assets consist of 2,350 miles of offshore crude oil and natural gas pipelines and
American Majors Avoid Shallow Water Round Mexico offered its first auction for oil and gas rights in 77 years today. It presented a total of 14 blocks in the shallow Gulf of Mexico. A handful of bids were received but only two blocks were sold, a result of some bids not measuring up to requirements from Mexico’s Energy Ministry. Only
Pawnee Terminal offers connection into Pony Express Pipeline to Cushing Arc Logistics (ticker: ARCX) announced today the $76.6 million acquisition of all the limited liability company interest of UET Midstream from United Energy Trading and Hawkeye Midstream. The consideration for the acquisition was made up of approximately $4.3 million in cash and approximately $32.3 million common units (approximately 1.746 million
Crude by rail continues to grow alongside production in the Rocky Mountains As crude oil production in the Rocky Mountains, Petroleum Administration for Defense District (PADD) 4, has steadily increased, so too has the use of railways to transport crude oil from the region. Data from the Energy Information Administration shows that 122 MBOPD of crude oil was moved by
Russian Energy Minister Alexander Novak said the two countries are looking to increase energy ties Moscow is considering shipping natural gas directly to Greece through the Turkish Stream Pipeline, which it hopes to build across Greek territory, reports International Business Times. The pipeline is planned to have a capacity of 47 billion cubic meters per annum, with construction costs of
Combined Companies will Create Fourth Largest MLP MPLX LP (ticker: MPLX), the master limited partnership (MLP) vehicle of Marathon Petroleum (ticker: MPC), has announced the oil and gas industry’s third-largest acquisition to date in 2015. According to news releases from the three companies involved, MPC and MPLX have signed a definitive agreement to acquire MarkWest Energy Partners LP (ticker: MWE)
Department of Justice given until November 25 to review Halliburton and Baker Hughes merger Oilfield service giants Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) announced today that they have entered into a timing agreement with the Antitrust Division of the U.S. Department of Justice (DOJ) that will extend the review period for the companies’ $34.6 billion merger. The agreement
Energy infrastructure is becoming increasingly important as the United States steps into the role of the world’s largest producer, pumping about 55 quadrillion Btu (about 27.5 MMBOEPD) of petroleum and natural gas in 2014. The growth of production has outstripped that of infrastructure, bringing the importance of midstream companies to center stage since the shale revolution. Speaking with Oil &
