If completed, the combination of Enbridge Inc. and Spectra Energy Corp. will give birth to a “midstream monster.”
Activist investor Meister seeks to install his own board of directors for Williams.
Oilfield services still face bankruptcy threat, but rest of industry relatively in the clear for this year.
Analysts’ report describes massive amount of maturing, expiring debt facing oilfield services sector.
EQT Midstream Partners said Oct. 13 it acquired the Allegheny Valley Connector (AVC) transmission and storage system, along with several Marcellus gathering systems from Pittsburgh-based EQT Corp.
Noble Energy Partners purchased additional U.S. midstream assets in Montana for a combined value of $27.5 million from an undisclosed seller, the company said Oct. 11.
The deal, the largest so-called "dropdown" from Phillips 66 to the unit, includes assets supporting the company's refineries in New Jersey, Montana, Texas and Oklahoma.
The Houston company has earmarked proceeds from its sale of noncore E&P and midstream assets in the Eagle Ford for possible acquisitions.
Energy-focused private-equity firm EIV Capital completed its $20 million investment commitment to Gazelle Transportation, according to an Oct. 12 press release.
The net proceeds will be used to reduce senior secured revolving credit facility borrowings.
The 45% rise in the price of oil this year means energy is no longer the 'overwhelmingly deflationary' influence it was as recently as a year ago, the IEA says.
Locke Lord LLP advised Tailwater, and Mack Matheson & Marchesoni PLLC and Stephens Inc. advised Producers Midstream.