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Phillips 66 Offers to Buy DCP Midstream in $7.2 Billion Cash Deal
The transaction, which Enbridge called a “joint venture merger,” will result in a single JV holding both Enbridge’s and Phillips 66’s indirect ownership interests in the Gray Oak pipeline and DCP Midstream.
San Antonio-based Vecino Energy Launches with $200 Million Commitment
Established in 2022 by a group of industry veterans, Vecino Energy Partners recently partnered with EnCap Flatrock Midstream and is actively pursuing the acquisition and development of midstream oil and gas assets in the Lower 48.
Sempra, Entergy to Advance Renewable Energy in South Texas
Sempra already has some facilities in development in the area where Entergy already services 486,000 customers in Southeast Texas including its proposed Port Arthur Pipeline Louisiana Connector.
Cheniere Inks Long-term LNG Supply Deal with Thailand’s PTT
Cheniere affiliate, Corpus Christi Liquefaction LLC, signed a 20-year SPA with Thailand state-owned PTT, which developed, owns and operates Thailand’s first LNG import terminal.
More Top Stories in Midstream
Michigan Judge Rules Line 5 Pipeline Dispute Belongs in Federal Court
Michigan ordered the pipeline to shut down by May 2021, which Enbridge ignored, and the two sides are embroiled in a legal battle over Line 5’s fate.
August 19, 2022
West Texas Exports ‘Record’ Gas Volumes to Mexico
Permian shale gas from West Texas continues to find increasing market share south of the border in Mexico amid robust demand and more pipelines connecting the central and southwest regions of the Latin American country.
August 19, 2022
Poland's PGNiG in Talks to Get More Gas from Norway Through New Baltic Pipe
After it was cut off from Russian gas supplies in April for refusing to pay in Russian roubles, Poland's PGNiG is in talks with Norway to potentially receive more gas through the Baltic Pipe.
August 18, 2022
Phillips 66 Offers to Buy DCP Midstream in $7.2 Billion Cash Deal
The transaction, which Enbridge called a “joint venture merger,” will result in a single JV holding both Enbridge’s and Phillips 66’s indirect ownership interests in the Gray Oak pipeline and DCP Midstream.
August 17, 2022
Marathon Gets More time to Build LNG Import Project in Alaska
Marathon Petroleum’s Trans-Foreland said it has yet to make an FID to build the project because the COVID-19 pandemic and the war in Ukraine have worsened economic and logistical conditions.
August 17, 2022
US Steel, Equinor, Shell to Explore Regional Clean Energy Opportunities
A new clean energy hub in the Appalachian area would generate new jobs, stimulate economic growth and reduce carbon emissions.
August 16, 2022
Energy Transfer Completes Sale of Stake in Energy Transfer Canada
Pipeline giant to focus on its U.S. assets.
August 16, 2022
Germany Signs Deal with Gas Firms to Supply Two Floating LNG Terminals
German gas importers Uniper, RWE and EnBW's VNG will supply LNG through two floating storage and regasification units until March 2024.
August 16, 2022
Archaea, Énergir Sign 20-Year Renewable Natural Gas Agreement
Contract to deliver more than 2 million MMBtu per year of RNG with deliveries expected to commence in October 2023.
August 15, 2022
Freeport LNG Plant in Texas Still Pulling in Natgas to Produce Power
Despite Freeport LNG's liquefaction plant closing in June due to a fire, the company reported pulling in small amounts of natural gas to fuel a power plant.
August 12, 2022