(Paul O'Driscoll/Bloomberg News)

Shell affiliates are buyers, sellers in $390 million midstream transaction

Shell and other producers have also been using deals that sell some of their pipelines to help raise cash as they struggle with low crude oil prices.
(Jeff Kowalsky/Bloomberg News)

Marathon Petroleum offers sweetener in pending MarkWest acquisition

Marathon Petroleum Corp. has upped the cash offer by $400 million in its pending, multibillion-dollar acquisition of Denver-based MarkWest Energy Partners. Marathon was prompted to offer the cash sweetener on Wednesday after watching the stock values for both MarkWest and its MPLX pipeline spinoff, the acquiring company on the deal, fall dramatically since July. In that time, the total […]
A sign hangs from a fence at a Kinder Morgan facility at the harbor in Los Angeles, California, August 28, 2006.  (Tim Rue/Bloomberg)

Kinder Morgan, TrailStone to form joint venture in Mexico

Pipeline giant Kinder Morgan and private equity shop TrailStone have plans to form a Mexican natural gas marketing company.
In this Tuesday, Oct. 20, 2015 photo, Carolyn Reilly, right, and Susan Worrell with her dog Radar talk outside the Franklin County Board of Supervisors meeting in Rocky Mount, Va. Carolyn and her husband Ian Reily left Florida and moved to Virginia in 2010 to farm a 58 acres. Then a year ago, they learned a natural gas pipeline would slice through their farm and their lives took another turn - to activism against the plan. (AP Photo/Steve Helber)

Keystone off the table, but back East, pipeline fight builds

From New England to North Carolina, scattered insurgencies have formed in opposition to a spider web of pipelines up and down the Eastern Seaboard as the nation’s energy industry seeks to move pent-up natural gas supplies.
Source: tap-ag.com, Trans Adriatic Pipeline.

Commentary: Southern Gas Corridor can boost regional stability

Georgios Papanikolaou is the Consul of Greece to Houston; Elena Sgarbi is the Consul General of Italy to Houston; and Ferhat Alkan is the Consul General of the Republic of Turkey to Houston.
A CenterPoint Energy employee in Houston on May 21, 2013. (Cody Duty / Houston Chronicle)

CenterPoint posts earnings loss from midstream investment

Minus the $537 million loss from its MLP, Houston’s energy transmission company said it had a $146 million net income gain for the quarter, up slightly from $143 million during the same period last year.
Greg Armstrong, CEO of Plains All American Pipeline, at the company headquarters Thursday Sept. 25 2013.(Dave Rossman photo)

Plains All American will cut 2016 spending, sell assets

The Houston-based company, which is among the largest crude oil logistics businesses in the U.S. and Canada, said it would cut its 2016 capital budget by as much as 30 percent.

Obama’s State Department rejects request to halt Keystone XL review

Although the move stopped short of a final decision on the $8 billion project, it was seen as paving the way for an eventual rejection of the proposed pipeline.
(Plains All American)

Plains All American sees profit slip amid crude slump

In a release after the markets closed, the Houston-based oil logistics company maintained its position that the next few months would be challenging and also reiterated that it expects to be well positioned when prices recover.
Wayne Knox, Assistant Construction Manager - Contractor for TransCanada's Keystone XL project looks at a pipe before it's lowered into the ground in Wood County, Wednesday, Oct. 24, 2012, in Winnsboro. (Cody Duty / Houston Chronicle)

TransCanada delay could fix Obama administration’s Keystone dilemma

The Calgary-based company called for a delay while a Nebraska route review is underway, a process expected to take seven months to a year.