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(Daniel Acker/Bloomberg)

Noble shelves midstream IPO amid equity slump

The postponement is a surprising reversal from last week, when the Houston-based producers said it hoped to raise at least $237.5 million.
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.
A lineman at the Houston Ship Channel. LNG company NextDecade is hoping to build an export facility in nearby Galveston to take advantage of the shipping lane. Photo by Lou Vest.

Magellan Midstream to expand Houston Ship Channel terminal

The project, an about $115 million outlay, will allow the company to fill Panamax-sized ships or barges with a 40-foot draft at its existing terminal at Galena Park, Texas.
Dump trucks loaded with oil sands drive through the Suncor Energy Inc. mine in this aerial photograph taken near Fort McMurray, Alberta, Canada, on Thursday, June 4, 2015. (Ben Nelms/Bloomberg

Oil sands pipelines may be running out of room

Environmental activism is a major reason no new pipelines — including Keystone XL — have been built to transport oil sands crude away from Alberta since 2010, according to a new report.
A Kinder Morgan employee climbs a holding container, Wednesday, May 22, 2013 at the Kinder Morgan terminal facility in Galena Park. (TODD SPOTH FOR THE CHRONICLE)

BP, Kinder Morgan pair up in U.S. terminal joint venture

The transaction is part of BP’s bid to cut costs and centralize its storage operations in the United States.
(Daniel Acker/Bloomberg)

Midstream transactions drove oil and gas deals in the second quarter

During the second quarter, analysts at PwC tracked 47, $50 million-or-larger oil and gas deals, totaling $38.8 billion.

Phillips 66 shelves plans for oil processing projects

In a call with investors on Thursday, Phillips 66 revealed that it will postpone plans for at least a year to build a condensate splitter and second fractionator at its Sweeny refinery.
Rich Kinder, left, chairman and CEO of Kinder Morgan. (Melissa Phillip/Houston Chronicle)

Kinder Morgan CEO says to expect more acquisitions

Kinder Morgan’s board said it would raise the dividend to 48 cents per share, up 14 percent from the prior year’s Q1 payout of 42 cents per share.

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.
(David Paul Morris/Bloomberg)

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.