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NuStar Closes Acquisition of Martin Midstream Assets, Expands in Port of Corpus Christi, Texas
December 22, 2016
NuStar Energy L.P. has closed on the purchase of crude oil and refined product terminal assets in Corpus Christi, Texas from Martin Midstream Partners for a net $93 million. The acquisition is expected to be immediately accretive to NuStar’s earnings
National Oilwell Varco Completes Acquisition of Fjords Processing
December 22, 2016
National Oilwell Varco, Inc. has completed the acquisition of Fjords Processing, a global leader in the provision of processing technology, systems and services to the upstream oil and gas industry. “Fjords Processing has a long and rich history of developing
NGL Energy Partners to Acquire Certain Assets from Murphy Energy in Oklahoma and Louisiana
December 22, 2016
NGL Energy Partners LP has been approved by the United States Bankruptcy Court as the high bidder for certain assets of Murphy Energy Corporation. The assets include the Port Hudson, Louisiana Terminal, which is a natural gas liquids terminal that
Total Makes $207 Million Investment in Tellurian to Develop Integrated Gas Project, Louisiana
December 22, 2016
Total is acquiring approximately 23 percent of Tellurian at $5.85 per share for an amount of $207 million dollars to develop an integrated gas project, from the acquisition of competitive gas production in the US to the delivery of LNG
SemGroup and NGL to Build Glass Mountain Pipeline STACK Extension, Oklahoma
December 21, 2016
SemGroup and NGL Partners jointly owned venture, Glass Mountain Pipeline will construct a 44-mile pipeline extension of the Glass Mountain Pipeline system in Oklahoma. This extension will deliver crude oil from north-central Oklahoma’s STACK resource play to Cushing, Okla. “We’re
Freeport-McMoRan Completes Sale of Deepwater Gulf of Mexico Properties for $2 Billion
December 20, 2016
Freeport-McMoRan Inc.has completed the sale of its Deepwater Gulf of Mexico (GOM) properties to Anadarko Petroleum Corporation for $2.0 billion in cash, before closing adjustments. In connection with this transaction, Freeport-McMoRan also settled a preferred stock obligation with its consolidated
Phillips 66 Freeport LPG Export Terminal Fully Operational, Texas
December 20, 2016
Phillips 66’s Freeport LPG Export Terminal located in Freeport, Texas, is fully operational. The company loaded its first contracted cargo on the Commander, a very large gas carrier that departed the terminal on Dec. 16. “The startup of the Freeport
NRG Completes Four Coal to Gas Projects and Continues Fleet Optimization Strategy
December 20, 2016
NRG Energy, Inc. has achieved an important milestone in its fleet optimization strategy, completing coal-to-gas projects at four power plants across NRG’s fleet. The successful introduction of natural gas replacing coal as the primary fuel allows these units to continue
Callon Petroleum to Acquire Delaware Basin Oil and Gas Assets for $615 Million, Texas
December 16, 2016
US oil and gas producer Callon Petroleum has agreed to buy certain undeveloped acreage and producing oil and gas assets in the Southern Delaware Basin for $615m in cash. The assets produced approximately 1,945 barrels of oil equivalent per day
Diamondback Energy to Acquire Acreage in Delaware Basin for $2.43 Billion, Texas
December 16, 2016
Oil and gas producer Diamondback Energy has agreed to acquire acreage in Delaware Basin in Texas, US from Brigham Resources Operating and Brigham Resources Midstream in a deal worth $2.43bn. Under the terms of the deal, Diamondback will purchase 76,319
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