Plains GP Holdings, L.P. (NYSE: PAGP) today announced that it has completed its previously announced underwritten public offering of 48,300,000 of its Class A shares representing limited partner interests, including 6,300,000 Class A shares issued pursuant to the underwriters’ option …
From Houston Business Journal:
A handful of Houston executives and directors have left Spectra Energy following it being acquired for $28 billion by Canada-based Enbridge Inc. (NYSE: ENB).
Enbridge completed its deal to buy Spectra Energy Corp. on Feb. …
Marathon Petroleum Corp said on Wednesday it sold some terminal, pipeline and storage assets to MPLX Inc, the master limited partnership that it spun off in 2012, for $2.02 billion.
Ohio-based Marathon has said it would speed …
American Midstream Partners, LP (NYSE: AMID) (“Partnership” or “AMID”) today announced it has entered a connection agreement with Dakota Access Pipeline (“DAPL”), the 1,172-mile 30-inch pipeline that extends from the Partnership’s Bakken formation production area in North Dakota to Patoka, …
From Houston Business Journal:
Houston-based Linn Energy Inc. announced Feb. 28 it has emerged from Chapter 11 bankruptcy as the reorganized successor to Linn Energy LLC.
As part of the reorganization, Linn and Berry Petroleum now operate as standalone …
TransCanada Corp has offered to sell stakes in two U.S. natural gas pipelines to fund other projects including its recently purchased Columbia natural gas network, the Calgary-based company said on Monday.
The move comes after TransCanada, Canada’s …
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From Houston Business Journal:
A subsidiary of Houston-based Genesis Energy LP (NYSE: GEL) has initiated an open season to gauge interest for a new pipeline project just south of the city.
The open season is seeking binding commitments on …
Energy Transfer Partners, L.P. (NYSE: ETP) today announced that its subsidiary, Lone Star NGL LLC (“Lone Star”), will construct a fifth natural gas liquids (NGL) fractionation facility at Mont Belvieu, Texas. Fractionator V, including NGL product infrastructure and …
Energy Transfer Partners LP said on Thursday that 99 percent of its controversial Dakota Access Pipeline is complete after receiving all federal authorizations necessary earlier this month.
The crude pipeline will begin or continue line fill in …
Plains GP Holdings, L.P. (NYSE: PAGP) today announced that it has priced an upsized underwritten public offering of 42,000,000 of its Class A shares representing limited partner interests. The size of the offering was increased by 8,000,000 Class A shares …
From San Antonio Business Journal:
San Antonio-based refining company Tesoro Corp. (NYSE: TSO) is moving forward to close a merger with El Paso’s Western Refining Inc. (NYSE: WNR) despite delays with the $6.4 billion deal.
The merger is under …
MPLX LP filed a petition with the Federal Energy Regulatory Commission on Wednesday seeking permission to expand Ozark Pipeline, which carries crude oil from Cushing, Oklahoma to Wood River, Illinois.
MPLX expects the commission to act by …
Energy infrastructure firms Enbridge Inc and Spectra Energy Corp have agreed to settle charges their merger would hurt competition in the market for gas pipeline transportation in three areas off the Louisiana coast, the Federal Trade Commission …
From Houston Business Journal:
Now that the oil industry is out of 2016, several companies are closing the book on the year with their fourth-quarter releases and looking ahead with more optimism to 2017.
And even though many companies …
From Houston Business Journal:
Houston-based Enbridge Energy Partners LP (NYSE: EEP) has closed on a $2 billion deal to jointly acquire interest in the Bakken Access pipeline system.
The Bakken Access system includes the much-contested Dakota Access Pipeline and …
From Houston Business Journal:
A pair of Houston-based energy companies are joining together to buy a Midland-based midstream firm that serves the Permian Basin.
Noble Midstream Partners LP (NYSE: NBLX) and Plains All American Pipeline LP (NYSE: PAA) plan …
After a four-year review, the U.S. State Department on Friday said it does not believe there would be significant negative environmental impact from a Canadian company’s plan to boost the capacity of an oil pipeline that …
Williams Partners L.P. (NYSE: WPZ) today announced that it has entered into an agreement with Western Gas Partners, LP (NYSE: WES) (“Western Gas”), and certain of its affiliates pursuant to which Williams Partners will increase its ownership stake in two …
When President Donald Trump advised expediting the controversial Dakota Access oil pipeline, he said he’d negotiate the terms. But the project was green-lighted with no strings attached.
Last month, Trump signed a memo encouraging a quick approval …
U.S. independent refiners like Phillips (PSX.N) and Valero (VLO.N) have offered mixed support for Republican efforts to boost American jobs and products, expressing concerns about how a border tax on imports could upend …
Plains All American Pipeline LP (PAA.N) reported on Tuesday a quarterly profit that nearly halved, largely due to a 23.3 percent jump in costs.
The company, one of the top U.S. transporters of oil and …
MPLX LP (NYSE: MPLX) has priced $2.25 billion in aggregate principal amount of unsecured senior notes in an underwritten public offering consisting of two series of senior notes:
Energy Transfer Partners LP may be close to getting the permit it needs to finish the Dakota Access oil pipeline, a project that became a flash point for environmentalists but a symbol of President Donald Trump’s pledge …
Pipeline company Oneok Partners LP’s (OKS.N) biggest shareholder Oneok Inc (OKE.N) said it would buy the rest of the company for $9.3 billion, the latest master limited partnership (MLP) deal aimed at simplifying …
EV Energy Partners, L.P. (NASDAQ:EVEP) today announced that on January 31, 2017, it closed on an acquisition of Eagle Ford oil and natural gas properties in Karnes County, TX for $58.7 million (before post-closing purchase price adjustments). Additionally, the Partnership …
Enterprise Products Partners LP’s Seaway pipeline is expected to resume service on or before Tuesday following its closure due to a leak in Collin County, Texas, earlier this week, the company said on Thursday.
The company continued …
From San Antonio Business Journal:
Valero Energy Partners LP (NYSE: VLP) reached an important milestone in its recent fourth-quarter earnings — reporting more than $100 million in revenue for the first time after three years of slow but steady …
U.S. independent oil refiner Phillips 66 posted a lower-than-expected quarterly profit as margins were squeezed by the narrowing gap between prices of U.S. crude and refined products.
The company’s shares were down 1 percent at $80.20 in …
