Tag Archive

Energy Transfer LP to acquire Tulsa, Okla.-based SemGroup Corp.

Energy Transfer LP to acquire Tulsa, Okla.-based SemGroup Corp.

September 17, 2019 No Comments

Energy Transfer LP (NYSE: ET) (“ET” or “Energy Transfer”) today announced that it has entered into a definitive merger agreement whereby Energy Transfer will acquire SemGroup Corporation (NYSE: SEMG) (“SemGroup”) in a unit and cash transaction valued at $17 per share, or a total consideration including the assumption of debt of approximately $5 billion, based […]

BP to sell Alaska business to Hilcorp

BP to sell Alaska business to Hilcorp

August 27, 2019 No Comments

BP announced that it has agreed to sell its entire business in Alaska to Hilcorp Alaska, based in Anchorage, Alaska. Under the terms of the agreement, Hilcorp will purchase all of BP’s interests in the state for a total consideration of $5.6 billion. The sale will include BP’s entire upstream and midstream business in the […]

Nigeria-Morocco Gas Pipeline project

Nigeria-Morocco Gas Pipeline project

August 15, 2019 No Comments

The Nigeria-Morocco Gas Pipeline (NMGP) project would open new vistas for Nigeria’s gas aspirations, the Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari, has said. Mallam Kyari disclosed this Tuesday in Abuja at a stakeholders’ engagement involving the corporation, its Moroccan partner on the Gas Project, the Morocco National Office for […]

Total Sells Interest in Pipeline Network

Total Sells Interest in Pipeline Network

August 6, 2019 No Comments

Total has signed an agreement to sell a 30% interest in Société des Transports Pétroliers par Pipelines (Trapil) to Pisto SAS for €260 million (about $290 million). “The sale of Total’s interest in this infrastructure reflects its active portfolio management strategy. Rather than own infrastructure assets, the Group’s aim is to hold contracts to use […]

NNPC to Guarantee Energy Security for Nigeria

NNPC to Guarantee Energy Security for Nigeria

July 25, 2019 No Comments

The Nigerian National Petroleum Corporation is set to leverage on the existing Direct-Sales-Direct-Purchase product supply arrangement to guarantee energy security for the nation. The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Mallam Mele Kyari, made this commitment Wednesday at his maiden townhall meeting with staff of the corporation at the NNPC Towers, […]

LineStar Integrity Announces Acquisition Of Remote Operations Center

LineStar Integrity Announces Acquisition Of Remote Operations Center

July 22, 2019 No Comments

LineStar Integrity Services LLC (“LineStar”), a leading provider of pipeline integrity, maintenance and repair services, today announced that it has completed the acquisition of Remote Operations Center, LLC (“ROC”) and The Compliance Group, Inc. (“CGI”). LineStar is a portfolio company of First Reserve, a leading global private equity investment firm exclusively focused on energy. The […]

Trudeau Declares Climate Emergency… Then Approves Major Oil Pipeline

Trudeau Declares Climate Emergency… Then Approves Major Oil Pipeline

June 21, 2019 No Comments

Canada declared a national climate emergency on Monday. The next day, Prime Minister Justin Trudeau gave the greenlight to a massive oil sands pipeline. The House of Commons, with strong support declared climate change a “real and urgent crisis.” A week before, Justin Trudeau proposed a ban on single-use plastics, which, if implemented, would be the latest in a […]

Phillips 66 and Plains All American Announce Strategic JV

Phillips 66 and Plains All American Announce Strategic JV

June 11, 2019 No Comments

Phillips 66 (NYSE: PSX) and Plains All American Pipeline (Plains) (NYSE: PAA) announced that they have formed a 50/50 joint venture, Red Oak Pipeline LLC, and are proceeding with construction of the Red Oak Pipeline system (Red Oak). The pipeline system will provide crude oil transportation service from Cushing, Oklahoma, and the Permian Basin in […]

NNPC Posts $490.03 million Export Sale of Crude Oil and Gas

NNPC Posts $490.03 million Export Sale of Crude Oil and Gas

May 31, 2019 No Comments

The Nigerian National Petroleum Corporation (NNPC) posted a total export sale of crude oil and gas of $490.03million in February 2019 which is 32.45 per cent higher than the previous month’s sale. NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, in a release of the February 2019 edition of the corporation’s Monthly […]

EIA Lists Liquids pipeline projects

EIA Lists Liquids pipeline projects

May 29, 2019 No Comments

This spreadsheet contains detailed information on liquids (crude oil, petroleum products, and hydrocarbon gas liquids) pipeline projects that are completed (since 2010), under construction, or announced. The data are not collected on an EIA survey, but rather the data are compiled from various sources including trade press, pipeline company websites, and government agencies. These data […]

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