Darren
Barbee
Oil and Gas Investor
EQT Deal to ‘Vertically Integrate’ Equitrans Faces Steep Challenges
EQT Corp. plans to acquire Equitrans Midstream with $5.5 billion equity, but will assume debt of $7.6 billion or more in the process, while likely facing intense regulatory scrutiny.
Midstream Builds in a Bearish Market
Midstream companies are sticking to long term plans for an expanded customer base, despite low gas prices, high storage levels and an uncertain political LNG future.
TC Energy’s Keystone Back Online After Temporary Service Halt
As Canada’s pipeline network runs full, producers are anxious for the Trans Mountain Expansion to come online.
TC Energy's Keystone Oil Pipeline Offline Due to Operational Issues, Sources Say
TC Energy's Keystone oil pipeline is offline due to operational issues, cutting off a major conduit of Canadian oil to the U.S.
Enbridge Closes First Utility Transaction with Dominion for $6.6B
Enbridge’s purchase of The East Ohio Gas Co. from Dominion is part of $14 billion in M&A the companies announced in September.
Enbridge Announces $500MM Investment in Gulf Coast Facilities
Enbridge’s 2024 budget will go primarily towards crude export and storage, advancing plans that see continued growth in power generated by natural gas.
Plains All American Names Michelle Podavin Midstream Canada President
Michelle Podavin, who currently serves as senior vice president of NGL commercial assets for Plains Midstream Canada, will become president of the business unit in June.
TC Energy, Partner Sell Portland NatGas Transmission System for $1.14B
Analysts expect TC Energy to make more divestitures as the Canadian infrastructure company looks to divest roughly $2.21 billion in assets in 2024 and lower debt.
SCF Acquires Flowchem, Val-Tex and Sealweld
Flowchem, Val-Tex and Sealweld were formerly part of Entegris Inc.
Canadian Natural Resources Boosting Production in Oil Sands
Canadian Natural Resources will increase its quarterly dividend following record production volumes in the quarter.