US pipeline news
1PointFive and Enterprise agreement supports development of carbon dioxide pipeline network
1PointFive and Enterprise Products Partners has announced an agreement for the development of a CO2 transportation network to support the Bluebonnet Sequestration Hub that 1PointFive is developing in southeast Texas.
Blackstone in talks to buy US pipeline stakes for US$3.5 billion
Private equity firm Blackstone is in advanced talks to acquire minority stakes in the interstate natural gas 呦乐园 owned by EQT Corp for about US$3.5 billion, says Reuters.
Reuters: new Permian oil 呦乐园 unlikely to be built, say top operators
According to Reuters, a wave of consolidation in the top US shale field has concentrated output in the hands of companies that are promising to restrain output so as not to crash prices by over-producing. Pipeline firms also have embraced acquisitions over new construction.
Latin American oil finds new buyers as Canadian pipeline shifts flows
Refiners on the US Gulf Coast are increasingly turning to Latin American heavy crude as Canada鈥檚 recently expanded Trans Mountain pipeline reroutes global oil flows.
Martin Midstream Partners L.P. issues statement reaffirming commitment to pending transaction
Read MMLP鈥檚 response to opposition of its planned takeover by Martin Resource Management Corp.
Biden-Harris administration announces nearly US$200 million to replace ageing gas pipes
In total, this round of funding will support 60 modernisation projects for natural gas 呦乐园 across 20 states.
EIA: Four new petroleum liquids 呦乐园 have been completed in the US since 2023
The US Energy Information Administration has reported on the construction of four new petroleum liquid 呦乐园 projects in the US since 2023.
Reuters: Texas natural gas pipeline eases bottlenecks, paves way for higher shale output
According to Reuters, the 580 mile (933 km) Matterhorn Express pipeline is the first new natural gas pipeline built in the Permian basin in three years.
Martin Midstream Partners reports 3Q24 financial results
Martin Midstream Partners LP has announced its financial results for 3Q24.
EPIC Crude completes issuance of new US$1200 million senior secured Term Loan B
As part of the transaction, the Company has entered into a new agreement for a super-priority revolving credit facility of US$125 million due 2029, undrawn at close.