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Candor Midstream Secures $200 Million Investment from EnCap Flatrock
August 28, 2018
Candor Midstream has secured an initial venture capital commitment of $200m from EnCap Flatrock Midstream to pursue organic, greenfield projects and select acquisition opportunities in North America. The Texas-based energy company is engaged in the development of midstream infrastructure in
Contanda Terminals to Construct New Storage Terminal in Houston, Texas
August 28, 2018
Contanda Terminals is planning to construct a new large-capacity storage terminal on its property along the Houston Ship Channel, in Houston, Texas. Contanda Terminals’ construction of the new terminal is expected begin this October and will support its expansion into
Canadian LNG Producer Pieridae Energy to Merge with Ikkuma Resources
August 28, 2018
Pieridae Energy, the owner of the proposed Goldboro liquefied natural gas (LNG) project in Canada’s Nova Scotia, has agreed to acquire Canadian oil and gas company Ikkuma Resources in an all-stock deal. The merger of the two companies to be
Enbridge to Acquire Spectra Energy Partners for $3.3 Billion
August 27, 2018
Canada’s energy infrastructure company Enbridge has entered into an agreement to acquire its US master limited partnership Spectra Energy Partners (SEP) for $3.3bn. Under the agreement, the company will buy all of the 81.9 million public outstanding common units of
OMERS to Acquire 50% Stake in BridgeTex Pipeline for $1.43 Billion, Texas
August 27, 2018
Canadian pension fund OMERS has agreed to acquire a stake of 50 percent in the BridgeTex pipeline, a crude oil pipeline system in Texas, for $1.438bn from its joint owners Plains All American Pipeline and Magellan Midstream Partners. The BridgeTex
Koch Methanol to Invest $1.85 Billion in YCI’s Methanol Production Plant, Louisiana
August 27, 2018
Koch Methanol Investments has agreed to acquire an indirect minority stake in YCI Methanol One, which is constructing a $1.85bn methanol production plant in St. James Parish in the US state of Louisiana. In this regard, the global methane supplier
Advantage Midstream and SandRidge Sign Agreement for Gas Processing in Colorado
August 27, 2018
Advantage Midstream has signed an agreement with SandRidge Energy to construct and operate a natural gas refrigeration plant and provide gas processing services for acreage in the North Park basin in Jackson County, Colorado. The agreement provides for the installation
Enterprise and American Midstream to Optimize Gulf Coast Assets
August 24, 2018
Enterprise Products Partners L.P. and American Midstream Partners, LP have entered into an agreement under which American Midstream may elect to purchase a 25 percent interest in Enterprise’s Pascagoula natural gas processing plant. The purchase option is subject to certain
Energy Transfer Receives FERC Approval to Bring Rover Pipeline’s Laterals Into Service
August 24, 2018
Energy Transfer Partners’ Rover Pipeline received approval from the Federal Energy Regulatory Commission (FERC) to commence service on the Burgettstown and Majorsville supply laterals effective immediately. FERC also approved the associated compressor and metering stations. This latest approval allows for
Getka Energy Acquires Pacer Energy Terminal and Adjacent Acreage, Oklahoma
August 24, 2018
Crude oil logistics provider Getka Energy has closed on the purchase of the former Pacer Energy Terminal located in Cushing, Oklahoma. The 28-acre property houses crude oil storage tanks and several LACT units. The terminal is connected to Enterprise Products’
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