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.
Parallax has pledged $2 billion to an LNG facility in Louisiana. The company is headed by a former BG Group executive who led efforts to create its world-leading LNG business.
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.
Aliko Dangote, with $15 billion net worth, plans to build two subsea 550-kilometer (341-mile) pipelines from oil/gas producing Niger River Delta to Lagos, Bloomberg said.
The company opened its IPO of about 35.3 million Class A shares representing limited partner interests. The shares will list on the New York Stock Exchange under the ticker “TEGP.”
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.