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Magellan Midstream to Sell Its Independent Terminals Network to Buckeye Partners for $435 Million
July 23, 2021
Magellan Midstream Partners entered into an agreement to sell its independent terminals network comprised of 26 refined petroleum products terminals with approximately 6 million barrels of storage located primarily in the southeastern U.S. to Buckeye Partners for $435 million. “The
Encore Green Environmental Technologies & Licensing Acquires XRI/Fountain Quail Assets
July 23, 2021
Encore Green Environmental Technologies & Licensing (EGETL) has acquired water treatment technology equipment formerly known as NOMAD from XRI/Fountain Quail. “The NOMAD desalination technology is the most capable, reliable, and energy efficient technology available to treat industrial by-product water. It’s
Canada’s Largest Oil Sands Producers Form Alliance to Achieve Net Zero Greenhouse Gas Emissions
July 23, 2021
Canadian Natural Resources, Cenovus Energy, Imperial, MEG Energy, and Suncor Energy have formed the Oil Sands Pathways to Net Zero initiative. These companies operate approximately 90 percent of Canada’s oil sands production. The goal of this unique alliance, working collectively
Ring Energy Brings Northwest Shelf Wells Online in Permian Basin
July 23, 2021
Ring Energy released an update on its program to drill and complete three wells on the company’s top tier Northwest Shelf (NWS) acreage, targeting Ring’s highest rate-of-return projects in Yoakum County, Texas. The Bevo 664 C #2H well came online
Plains to Sell Gulf Coast Gas Assets for $850 Million to Hartree Partners
July 22, 2021
Plains All American (PAA) and Hartree Partners have executed definitive agreements where Plains will sell its Pine Prairie and Southern Pines natural gas storage facilities to an affiliate of Hartree for a total cash consideration of $850 million. “Today’s announcement
Magellan, Enterprise Team Up with Intercontinental Exchange for Houston Crude Oil Futures Contract
July 22, 2021
Magellan Midstream Partners, Enterprise Products Partners, and Intercontinental Exchange established a new futures contract for the physical delivery of crude oil in the Houston area. The Midland WTI American Gulf Coast contract (ICE) is being launched in response to market
Brookfield Infrastructure Raises Takeover Bid for Inter Pipeline to $6.85 Billion
July 22, 2021
Brookfield Infrastructure Partners has sweetened its offer for Canadian midstream company Inter Pipeline to nearly CAD$8.58 billion ($6.85 billion) for acquiring the shares it previously didn’t own in the latter. As per the latest revised offer, the midstream company’s shareholders
Tellurian Signs Long-Term Lease for Driftwood LNG, Louisiana
July 22, 2021
Tellurian’s wholly owned subsidiary Driftwood LNG has exercised its long-term lease option with the Lake Charles Harbor and Terminal District on the 477 acre site in Sulphur, Louisiana. The ground lease agreement has an initial term of 20 years with
New Fortress Energy Commences Operations at Its LNG Terminal in Port of Pichilingue
July 22, 2021
New Fortress Energy (NFE) said its liquefied natural gas terminal in the port of Pichilingue, Baja California Sur, Mexico has begun commercial operations and will host an event featuring state and local officials at the terminal on Friday, July 16th.
Kinder Morgan to Acquire Renewable Natural Gas Developer Kinetrex Energy for $310 Million
July 20, 2021
Kinder Morgan has agreed to acquire Indianapolis-based Kinetrex Energy from an affiliate of Parallel49 Equity. Kinetrex is the leading supplier of liquefied natural gas (LNG) in the Midwest and a rapidly growing player in producing and supplying renewable natural gas
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