Tag: midstream

Fluor wins new work, will hold steady on jobs amid low oil prices

Engineering and construction firm Fluor Corp.’s revenue fell in the fourth quarter, but its backlog grew faster even though oil companies and other customers are spending less amid low crude prices.  More »

Enable Midstream to cut 10 percent of its workforce

Enable’s main offices are located in Oklahoma city, but the company operates its interstate pipeline segment in Houston.  More »

Plains All American announces two new pipelines but expects painful year ahead

The announcement for the two new lines followed bearish predictions for 2015 by the Houston-based pipeline and processing company.  More »

DCP Midstream to consolidate offices, lay off employees

Plans for the cuts and moves were in motion before oil prices began falling last year, a spokeswoman for the company said.  More »

Cash-starved oil producers trade treasured pipelines for money

Bakken shale billionaire Harold Hamm and Canadian gas giant Encana Corp. are among the latest to peddle some of their most valuable assets and steadiest earners.  More »

Phillips 66 earnings up 39 percent

The company’s profits in its marketing and specialties division soared, rising from $105 million in the fourth quarter of 2013 to $367 million a year later.  More »

Oil group to focus on midstream issues

The American Petroleum Institute’s decision to create a new midstream department focusing on that segment of the oil and gas industry follows the lead of regulators, executives and environmentalists who also are increasingly involved in energy infrastructure.  More »

Plains All American profits up 40 percent

Plains All American set its course forward into a more uncertain energy market with a flurry of deals and third-quarter results propelled higher by the flood of crude flowing from shale plays.  More »

ONEOK buys Chevron NGL pipelines for $800 million

The deal gives the company 2,600 miles of natural gas liquid gathering pipelines from southeast New Mexico to Mont Belvieu.  More »

Shell Midstream launches IPO

Royal Dutch Shell’s midstream partnership launched its initial public offering in New York Monday, the company announced Monday.  More »

Hess planning IPO for midstream MLP

Several Hess midstream assets in North Dakota and Minnesota will be part of the offering.  More »

Enbridge aims to burnish image with feel-good ads

Enbridge is aiming to change the national debate about energy — and buff up its own image at the same time — with a multi-million-dollar advertising campaign highlighting how oil and gas fuel our lives.  More »

Private equity firm adds $2.5B to energy infrastructure funding

First Reserve has closed on a $2.5 billion fund to back energy infrastructure, more than doubling the capital it had gathered to inject into pipeline, storage and liquefied natural gas projects.  More »

Panel: Private equity nearly saturated in upstream market

Private equity firms will continue to throw capital at U.S. independent producers despite tell-tale signs that the number of high-quality investment opportunities is shrinking, a panel of private equity investors said Wednesday.  More »

Phillips 66 shifts focus with $3 billion in new projects

Phillips 66 is no longer betting its future on the massive refining business that made it the second-largest energy company in the world. Instead, it’s using refining, once its most profitable arm, as a cash cow to transform itself into a business that primarily operates energy transportation, storage and processing infrastructure.  More »
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