Finance - News

Hess Midstream Partners Opens IPO

The units will trade on the New York Stock Exchange under the ticker symbol "HESM."


Norwegian Bank DNB Sells Its Share Of Dakota Access Pipeline Funding

Norwegian bank DNB has sold its share of loans funding the Dakota Access pipeline, it said on March 26.


Enbridge To Cut 1,000 Jobs After Spectra Takeover

 The workforce reductions are a component of the 'synergies' expected over the coming months as it fully integrates the companies, said Enbridge spokesman Todd Nogier.


American Midstream Upsizes Revolving Credit Facility

Two deals increase MLP's borrowing limit to $1.1 billion and provide $275 million in liquidity.


Enterprise Acquires Bankrupt Azure's Gas System

Enterprise Products Partners will acquire natural gas gathering pipelines serving the Haynesville, Bossier, Cotton Valley and Travis Peak formations for $189 million as part of a bankruptcy auction.


Mexico Postpones Auction Of Excess Transport, Fuel Storage Capacity

 Mexico has postponed an auction of part of state oil company Pemex's excess capacity for transport and fuel storage due to "methodological problems," the Energy Regulatory Commission and Pemex said in a joint statement, Reuters reported.


Foreign Buyers Eye US Pipeline Investments In Hunt For Steady Yields

Major pipelines with long-term contracts are most attractive to investors, say bankers.


International Companies' Exit Puts Canada Oil Sands Development At Stake

The energy sector makes up one-sixth of Canada's economy. In Alberta, oil and gas contributes one-fifth of provincial GDP, Reuters reported.


US Energy Sector Could Be Rocky For Investors In 2017

Investors have already beefed up bets on the sector. About $263 million has flowed into U.S.-listed energy mutual and exchange-traded funds in 2017 through February, according to Lipper data, Reuters reported.


Ammy Awards Honor Richard Kinder

Alerian picks 20 winners in its annual MLP awards.


Cheniere Closes On $750 Million Credit Deal

Transaction made with nine financial institutions.


Kinder Morgan Sells 49% Interest In Elba Liquefaction Co. To EIG

LNG Export Project At Elba Island Expected To Begin Initial Operation In Mid-2018