Shell USA to Acquire Midstream MLP in $1.96 Billion Buyout
Shell USA agreed to acquire all remaining interests in Shell Midstream Partners held by the public at $15.85 per public common unit in cash for a total value of approximately $1.96 billion.
Kremlin: Nord Stream 1 Turbine to be Installed, Volumes Will Adjust
Kremlin spokesman Dmitry Peskov stopped short of saying gas supply would increase, noting that further Nord Stream 1 pipeline equipment needed to be repaired.
Delfin Seeks More Time to Build US Gulf of Mexico LNG Export Plant
Delfin told FERC the LNG market “is strong with the current geopolitical importance of the Ukraine invasion and the initiative of the European Union to increase deliveries of U.S LNG to Europe.”
Houston-based Sempra Enters Partnership to Develop LNG Terminal in Mexico's Oaxaca
Sempra Infrastructure and Mexico's Federal Electricity Commission came to a series of agreements regarding the partnership's ongoing and proposed energy infrastructure projects, including two LNG development projects.
Keystone Pipeline Disruption Seen as Having Low Impact on Oil Deliveries
According to data from Wood Mackenzie, the reduced flow rates from TC Energy's Keystone pipeline, first reported on July 17, were having little impact on oil deliveries.
Freeport LNG Plant Pulls in Natgas to Produce Power for Texas
“Freeport LNG is currently drawing a small amount of gas off pipeline connections ... to generate and export about 50 [megawatts] of power to the state’s electricity grid,” a spokesperson said.
Can US Port Infrastructure Handle More Crude Exports?
How much crude does the U.S. typically export? Where does the U.S. export oil from? How much could the U.S. potentially export? Here are the answers to those questions and more.
US Pipeline Companies Eye Natgas Infrastructure for Growth
"The biggest opportunity right now is primarily in serving LNG, whether it's adding U.S. export capacity or building pipelines to bring the gas to LNG terminals," Morningstar strategist Stephen Ellis said, speaking to the growth of natural gas and LNG among U.S. midstream companies.
Harvest Buys Remaining Interest in Arrowhead Gulf Coast Holdings
Harvest Midstream announced on July 20 the signing, funding and closing of a transaction to purchase the remaining interest of Arrowhead Gulf Coast Holdings LLC, a critical network of pipelines and terminals serving the Louisiana refinery market and regional production.
Kinder Morgan Quarterly Profit Climbs 20% on High Jet Fuel Demand
Kinder Morgan cashed in on the pent-up travel demand, which resulted in a 19% rise in jet fuel volumes transported in the second quarter.