Saudi_OPEC_President Trump_Pioneer Natural Resources_Phillips 66_Exxon Mobil

HEADLINES: Saudi Energy Minister Calls OPEC Output Boost ‘Inevitable’

Also this week, Phillips 66 to expand Texas NGL project. Meanwhile, Exxon Mobil and Plains pursue Permian pipeline JV and Pioneer sells Colorado assets.

Jessica Morales, Hart Energy

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Executive Interview: EnLink’s Cindy Jaggi Talks GIP, Permian Growth

EnLink’s Cindy Jaggi discusses working with Global Infrastructure Partners, as well as driving process efficiency and effectiveness.

Jessica Morales, Hart Energy

M&A Forecast For 2018: ‘Mixed But Promising’

M&A Forecast For 2018: ‘Mixed But Promising’

KPMG analysts are bullish about a pickup in oil and gas deal making, with foreign investment expected in the U.S. renewables market.

Joseph Markman, Hart Energy

regina_mayor_kpmg_energy_oil_gas_power

The Shifting Balance Of Global Energy Power

At KPMG’s annual Global Energy Conference, confidence in the global economy abound, but political uncertainty and Asia’s growing energy demand shapes the role of the U.S. energy on the world stage.

Len Vermillion, Hart Energy

maya_crude_differential

Maya Oil Discount Continues To Widen

The Maya oil discount has been broadening because of the continued sharp widening of the West Texas Sour differential due to bottlenecks in the Midland Basin.

Ellen Chang, Contributor

Exxon Mobil, Chevron Accused Over Tax Secrecy

Exxon Mobil, Chevron Accused Over Tax Secrecy

A group claims the refusal by oil companies to disclose their U.S. tax payments undermines global transparency push.

Ed Crooks, Financial Times

Midstream Veterans: Sector In ‘Rehabilitation Phase’

Midstream Veterans: Sector In ‘Rehabilitation Phase’

Partnerships have survived the down-cycle and turned around, say Enterprise and EnLink executives at the annual MLP conference.

Paul Hart, Hart Energy

Analyst: FERC Tax Ruling Accelerated But Didn’t Trigger Slew Of Consolidations

Analyst: FERC Tax Ruling Accelerated But Didn’t Trigger Slew Of Consolidations

MLPs are not a dying species, say analysts, but simplified structures for Enbridge, Williams and Cheniere make more sense for those companies.

Joseph Markman, Hart Energy

Investors Urge Oil, Gas Groups To Step Up Climate Change Efforts

Investors overseeing almost $10.5 trillion in assets call for the oil and gas industry to be “more transparent and take responsibility for all of its emissions.”

Attracta Mooney, Andrew Ward and Leslie Hook, Financial Times

Total Closes $1.5 Billion Deal For Engie's Upstream LNG Business

Total CEO Patrick Pouyanne said in a statement that the acquisition of Engie's upstream LNG business will give Total a worldwide market share of 10%.

Reuters

Oryx Launches Binding Open Season For Crude Oil Gathering, Transportation In Delaware Basin

Oryx Midstream Services II LLC announced July 10 that its operating subsidiaries have launched a joint binding open season.

Energy Industry Software Provider Quorum Reportedly Explores Sale

Quorum, which was acquired by tech buyout firm Silver Lake in 2014, is working with investment bank Credit Suisse Group AG on the sale process, the Wall Street Journal reported.

Reuters

Petrobras Suspends Major Asset Sales On Court Decision

State-run Brazilian oil company Petrobras is working to sell $21 billion in assets over a two-year period to reduce its debt.

Reuters

‘Permania’

Things may be getting crazy in the Permian Basin, so buyers must pay attention to the structure of their transactions as midstream M&A activity heats up.

Rob McCeney, Darin Siders and Kyle West, Contributors

Topic 606 And More

Public midstream firms need to prepare for the impact of new accounting rules.

Reid Brooks and Josh Sherman, Contributors

Carlyle Reportedly Seeks To Raise New $4 Billion Energy Fund

The new $4 billion fund will be used by Carlyle to buy companies in the energy supply chain outside of North America, the Financial Times reported.

Reuters

Q&A: Rice Energy Brothers Return To Oil And Gas

Daniel Rice recently spoke with Hart Energy about the Rice brothers’ new venture and life after the multibillion-dollar sale of Rice Energy last year.

Emily Patsy, Hart Energy

Capital Constellation Backs Ara Partners Group With $150 Million

Ara Partners is a private-equity platform based in Houston that principally invests in the energy and industrial sectors with about $2.4 billion in assets under management

Alaska LNG Preparing Equity Offering, Open To Joint Venture

Alaska Gasline Development Corp. (AGDC) is preparing an equity offering for this summer and is open to partnering with a major energy firm on the development of its costly Alaska LNG export terminal and pipeline project, an executive said on June 28.

Reuters

ExxonMobil Confirms Machinery Damage At PNG Gas Pipe Project

Pictures on PNG’s EMTV Online earlier this week showed burnt out heavy machinery and a fire burning in a shipping container at the site in Angore.

Reuters

Goodnight Midstream Expands Credit Facility To $320 Million

Goodnight Midstream LLC recently expanded its revolving credit facility to $320 million, the Dallas-based midstream water infrastructure company said June 7.

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