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Morgan Stanley Energy Partners Acquires Majority Stake in Presidio Petroleum
June 5, 2018
Investment funds managed by Morgan Stanley Energy Partners (MSEP), part of Morgan Stanley Investment Management, has made a majority equity investment in Presidio Petroleum. The investment will facilitate the acquisition from Midstates Petroleum Company oil and natural gas properties in
Kimbell to Acquire Haymaker’s Mineral and Royalty Stakes for $404 Million
June 4, 2018
Kimbell Royalty Partners has agreed to acquire the mineral and royalty interests owned by Haymaker Minerals & Royalties and Haymaker Resources, (collectively, Haymaker) for about $404m. Both Haymaker Minerals & Royalties and Haymaker Resources are US-based mineral and royalty acquisition
BW LPG Offers to Merge U.S. Based LPG Shipping Firm Dorian in $1.1 Billion Deal
June 4, 2018
BW LPG, a Singapore-based liquefied petroleum gas shipping (LPG) transportation fleet owner has proposed to merge with US-based LPG shipping company Dorian LPG in an all-stock transaction, valued around $1.1bn. The merger is expected to create a major operator of
Enterprise and Navigator Begin Construction of Ethylene Export Terminal, Texas
June 4, 2018
Enterprise Products Partners and UK-based shipping company Navigator have started construction of their ethylene export terminal on the Houston Ship Channel in Texas. The 50/50 joint venture terminal will be located at Enterprise’s Morgan’s Point facility. According to the partners,
Shell Begins Production at Kaikias Deepwater Oil Field, Gulf of Mexico
June 4, 2018
Shell Offshore, a subsidiary of Royal Dutch Shell, has commenced production from the first phase of the Kaikias deepwater oil field project in the US Gulf of Mexico, one year ahead of schedule. Located in 1,372m of water in the
Canadian Gov’t to Acquire Kinder’s Trans Mountain Pipeline Project for $3.5 Billion
June 1, 2018
The Canadian Government has agreed to acquire Kinder Morgan Canada’s (KML) Trans Mountain Pipeline system and the expansion project for C$4.5bn ($3.5bn). Under the terms of the agreement, the government will fund the resumption of TMEP planning and construction work.
Brazos Completes $1.75 Billion Sale of Delaware Basin Subsidiaries to Morgan Stanley
June 1, 2018
Brazos Midstream and Old Ironsides Energy have completed their previously announced sale of the former’s Delaware Basin subsidiaries to a subsidiary of North Haven Infrastructure Partners II (NHIP II) for $1.75bn. NHIP II is an investment fund managed by Morgan
Warburg Pincus Invests $138 Million in Canada-based Artis Exploration
June 1, 2018
Artis Exploration, a Canada-based exploration and production company has closed a C$180m ($138.76m) equity investment from Warburg Pincus. The common share private placement will be used to fund the Company’s accelerated development program. Founded in 2015 and headquartered in Calgary,
Hillcrest Petroleum Signs Deal to Pursue Oil and Gas Acquisitions in Western Canada
June 1, 2018
Hillcrest Petroleum has signed binding agreements with a private company to form a strategic alliance to pursue oil and gas acquisitions in Western Canada. Under the Strategic Alliance, Hillcrest will grant the Partner an exclusive right of first refusal on
Keyera to Proceed with Second Phase of Wapiti Gas Plant, Canada
June 1, 2018
Canada-based midstream company Keyera has announced its plan to proceed with the second phase of its Wapiti Gas Plant, which is currently under construction south of Grande Prairie, Alberta, Canada. Construction of the second phase, which is expected to add
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