“MLPs provide the critical backbone to the energy infrastructure industry,” Lori Ziebart, executive director of the Master Limited Partnership Association, told Hart Energy at the 2018 Midstream Finance Conference in Dallas.
“People fly on planes, they drive their cars … they don’t think about where that energy’s coming from,” she said. “They just take it for granted that it will be there and it will be cheap. (MLPs) are the silent companies that are critical so that Americans can live the kind of lifestyles that they want to live. Without them, they wouldn’t be able to.”
Samson Resources Corp.’s lenders target restructuring deal for $4.15 billion debt. A $110 million interest payment on bonds is due Aug. 15, people with knowledge of private matter told Bloomberg.
Chevron Global Energy Inc. will sell its stake in refiner Caltex Australia Ltd., Business Wire said. Bloomberg said this marks Chevron’s exit from shale gas in Beach Energy’s Nappamerri Trough.
Saudi Arabia’s King Salman appointed Khalid A. Al-Falih chairman of Saudi Arabian Oil Co., replacing Oil Minister Ali Al-Naimi, Bloomberg said state television reported. Al-Falih was Aramco’s president and CEO.