Finance - News

Ultra Renegotiates Gas Processing Pacts With Enterprise, Williams

Ultra said in a statement that it expects the new agreements to provide financial benefits related to its operations at the Pinedale Field asset in Wyoming


Chaparral Aims For Pipeline Sale In Push To Exit Bankruptcy

Chaparral has a hearing on March 9 to confirm its plan to emerge from Chapter 11 bankruptcy, funded in part by asset sales.


Enbridge Reports Smaller-Than-Expected Quarterly Profit

Enbridge's pipelines mainly send Canadian crude from oil sands to refiners on the U.S. Gulf Coast, while Spectra's network ships natural gas to the U.S. East Coast, Reuters reported.


Update: FTC Approves Enbridge, Spectra Merger With Conditions

The FTC said the firms agreed to resolve the charges by adopting a consent decree that would require Enbridge to notify the panel before acquisitions in areas off Louisiana.


Strong US, Mexican Pipeline Businesses Boost TransCanada's Fourth-Quarter 2016 Profit

The company's net loss attributable to shareholders narrowed to CA$358 million, or 43 Canadian cents per share, in the fourth quarter ended Dec. 31 from CA$2.46 billion, or CA$3.47 per share, a year earlier, Reuters reported.


MPLX LP Subsidiary To Purchase Ozark Pipeline

The Ozark pipeline is a 22-inch crude oil pipeline originating in Cushing, Okla., and terminating in Wood River, Ill. 


South Korea's KOGAS 'Interested' In US Shale Gas Projects

KOGAS would be "interested" in participating in U.S. shale gas projects, with such investment curbing any potential trade pressure on South Korea from the U.S. government, CEO says.


Williams Partners Will Increase Marcellus Gathering Systems Ownership

The two transactions are expected to close in late first-quarter or early second-quarter 2017, subject to closing conditions including expiration of the waiting period under the HSR Act. 


Summit Midstream Holdings Will Offer $500 Million Of Senior Notes

BofA Merrill Lynch, Deutsche Bank Securities, RBC Capital Markets, TD Securities and Wells Fargo Securities are joint book-running managers. 


Plains All American's 4Q 2016 Profit Nearly Halved On Higher Costs

However, the Houston-based company's net income fell to $126 million, or 14 cents per share, from $247 million, or 24 cents per share, one year earlier.


Morocco Crude Cargo Lawsuit Affects BP Oil Trading's 4Q 2016

Across 2016, BP's overall energy trading business was profitable, CFO Brian Gilvary said, adding that its gas trading desk had a "good result" in the fourth quarter, Reuters reported.


Citigroup: Oil Majors Are Making Modest Entry Into Energy Hedging

Stuart Staley, the global head of commodities at Citi, said he expected banks to remain the leading players in risk management and hedging, Reuters reported.