A wave of cheap money chasing deals is taking the pressure to divest midstream assets off of upstream operators, while making deals more challenging.
The downturn is forcing change—for the better.
Thanks in part to low energy prices, an ongoing expansion could be one of the longest on record, Morgan Stanley’s chief U.S. economist says.
Duff & Phelps experts explore potential, perils of 2015 for sector.
Norwegian energy powerhouse’s plan while commodity price woes persist is to prudently seek opportunities to reinforce its upstream-oriented global position.
Central Area Transmission System’s riser platform is next to Everest platform, Block 22/10. Pipeline connects riser platform to Seal Sands, Teesside, gas terminal. CATS transports 8% of UK’s gas demand.
Niska Gas Storage Partners LLC seeks buyers for a sale, people with knowledge of private matter told Bloomberg. Riverstone Holdings and Carlyle Group Plc back Pennsylvania-based Niska, working in Canada.
People familiar with the matter told Bloomberg that BP Plc seeks buyers for $2 billion of U.S. pipelines and storage terminals. Potential buyers received materials regarding infrastructure across the country.
Tall Oak Midstream II LLC will support midstream opportunities in other North American resource plays while Tall Oak Midstream LLC will continue operating and expanding its Midcontinent U.S. midstream assets.
Old Ironsides Energy LLC made the final close of Old Ironsides Energy Fund II (Fund II) with $1.3 billion of commitments, the company said April 16.
The facility with a syndicate of banks matures in September 2019.
The expansion will provide additional financing flexibility and liquidity to fund future growth capex.
The money will support acquisition, development and operations of midstream, downstream petrochemical and fuel assets in U.S. and Canada. Next Wave handles NGL toll processing and manufacturing, among other projects.