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.
MLPs as an asset class have matured, and picking winners is now more difficult.
Williams cuts dividend by 69%, citing turmoil after failed ETE merger and low commodity prices.
Pemex will retain 50% shareholder interest in the Ramones II Norte Pipeline project through Ductos y Energeticos del Norte S de RL de CV.
For $350 million, the Houston company will buy an additional 20% equity interest in Mars Oil Pipeline Co. and a 49% equity interest in Odyssey Pipeline LLC.
Sunoco Logistics purchases Vitol’s Permian crude system for $760 million.
Sunoco said it was offering 21 million common units to partly fund the deal, which is expected to close in the fourth quarter, Reuters reported.
Under the terms of the amended facility, EPO may borrow up to $1.5 billion, which may be increased by up to $200 million to $1.7 billion.
Noble Midstream Partners LP will own and operate pipelines and processing assets largely in Colarado's Weld County. Noble will use the proceeds from the IPO to put cash back into its parent company.
PBF used a portion of the proceeds to fund part of the purchase price for its recently completed acquisition of a 50% interest in Torrance Valley Pipeline Co. LLC from an affiliate of PBF Energy Inc.
Antero Midstream Partners LP said Sept. 6 that it will offer $500 million of senior unsecured notes due 2024 in a private placement.