TKT Midstream Partners, a newly-formed company, has received equity commitments from Kiewit Corp. and Tiger Infrastructure Partners to support a strategy to invest up to $500 million in midstream energy sector companies and assets.
TKT will design, build, own and operate midstream assets and networks on behalf of North American exploration and production companies. The joint venture will focus on delivering the customized infrastructure design, construction, ownership and operation needed to bring hydrocarbons to market.
Kiewit is one of North America’s largest construction, mining and engineering organizations while Tiger is the primary investment arm of Henry Tiger LLC, which focuses on acquiring infrastructure assets and businesses in North America and Europe, targeting equity investments in the power, natural-resource infrastructure, waste management, water, transportation and communications sectors.
aims to capture demand by E&P companies for infrastructure operators who have the resources and experience to provide certainty of timely execution for infrastructure buildouts, such as gathering systems, pipelines and processing plants, allowing them to focus on their core business of exploration and production.
Recommended Reading
Brookfield Targets More Renewable Power Growth Opportunities
2024-09-11 - Brookfield Asset Management agreed to invest up to $1.1 billion in efuels producer Infinium as it seeks additional growth opportunities.
Energy Transition in Motion (Week of July 5, 2024)
2024-07-07 - Here is a look at some of this week’s renewable energy news, including the latest on hydrogen in aviation.
EQT: Glut of Low Carbon Tech Like ‘Manhattan Project on Steroids’
2024-08-19 - Executives at EQT, NOV and Oxy Low Carbon Ventures discussed technology, scalability and other energy transition needs at a recent SPE conference.
BP, Repsol-backed Startup Takes Aim at Lower Hydrogen Costs
2024-07-31 - Wisconsin-based Advanced Ionics, backed by BP and Repsol, has developed a new class of electrolyzer that uses process or waste heat already present at industrial facilities to help lower costs and electricity needs.
Gold H2, Oil Company Ink Deal for Microbial Hydrogen Technology
2024-07-18 - Houston-based Gold H2 has made its technology available to select oil and gas companies for pilot demonstrations.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.