TC Energy will spin off South Bow Corp., with its primary asset the Keystone oil pipeline, while shifting a hefty amount of TC Energy’s debt to the new company.
Enterprise Products Partners plans to increase the capacity of its Mont Belvieu, Texas, to Chicago area pipeline through system upgrades.
CorEnergy said the sale of its MoGas and Omega pipelines and repayment of its secured debt encouraged stakeholders to approve recapitalizing the company’s balance sheet.
Midstream companies and E&Ps may have different priorities, but continued pipeline development is crucial for the basin’s future.
The development of gas processing plants and a pipeline opening in the Permian Basin are expected to give crude producers a boost in the second half of 2024.
The energy exporting facility will be developed on Ridley Island, British Colombia, on a 190-acre site adjacent to AltaGas and Vopak’s existing propane exporting terminal.
Energy Transfer’s $3.25 billion deal for WTG Midstream aside, plenty of smaller midstream companies are available for M&A, an analyst says.
Energy Transfer has agreed to purchase WTG Midstream Holdings’ assets, including Midland Basin core infrastructure, from Diamondback Energy, Stonepeak and the Davis Estate in a cash and stock deal.
Martin Resource Management created Martin Midstream through an IPO in 2002.
Equinor awarded contracts to OneSubsea and SLB in the Troll Field as part of efforts the further develop gas infrastructure offshore Norway.