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(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.
(Photo: Fotolia)

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.
(Daniel Acker/Bloomberg)

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.
(Bill Montgomery/Houston Chronicle)

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.
(AP Photo/Lisa Poole, File)

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.
API President and CEO Jack Gerard at CERAWeek in March 2014 (Photographer: F. Carter Smith/Bloomberg)

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.