Commercially operable Joliet Terminal can unload about 85,000 barrels per day of crude oil. There are about 300,000 barrels of onsite storage, and connections to common carrier crude oil pipeline.
Shell Midstream Partners LP will acquire additional interests in Zydeco Pipeline Co. LLC and Colonial Pipeline Co. for $448 million in a dropdown from Shell Pipeline Co. LP.
China’s government might spin biggest oil companies’ pipelines into separate businesses, people with knowledge of private matter told Bloomberg. An analyst said the assets could be worth US$300 billion.
Combined midstream operations will include the Marcellus, Utica, Eagle Ford, Haynesville, Barnett, Midcontinent and Niobrara. It’s anticipated to be one of the largest, high-dividend paying C-Corps in the energy sector.
Tanzania could lead East Africa LNG exports through Shell’s takeover of BG Group, Bloomberg said. Stakes in three blocks offshore Tanzania, holding one-third of estimated resource, are included in deal.
U.S. oil and gas deal activity stalls in first-quarter 2015 due to low oil prices while corporate deals surpass asset transactions for the first time in five years.
The deal, which puts Crestwood Equity Partners with Crestwood Midstream Partners, aimsmidst to save money and broaden appeal to investors for a company in every major U.S. basin.
The acquisition of the industrial and commercial propane distributor was financed through JP Energy’s revolving credit facility and the issuance of about 267,000 common units.
LNG exports are an important future market for organizations’ members’ production, said Dena E. Wiggins, president and CEO of Natural Gas Supply Association. Both organizations are based in Washington, D.C.
The dropdown assets are Holdings’ Valley Wells sour gas gathering and treating system, compression assets in the Valley Wells and Lancaster gathering and treating systems and two NGL pipelines.
Petrobras markets 49% of its stake in natural gas pipelines, people with knowledge of preliminary-stage private talks told Bloomberg. Mitsui partners with Petrobras on gas pipelines, two people said.
The $255 million dropdown transaction is subject to price adjustments. The Polar & Divide system has more than 295 miles of crude oil and produced-water pipelines running through North Dakota.