The Latest

Acquisitions & Divestitures

Houston-based Black Bear Sells Alabama Gas Gathering Assets

An undisclosed buyer acquired BBT Alabama LLC, owner and operator of a fee-based, natural gas gathering system connecting production in Alabama to regional long-haul pipelines, says Houston-based Black Bear Transmission.

March 5, 2021

International

Canada Looking at All Options to Keep Line 5 Pipeline Operating

Deadline for shutdown order from the state of Michigan is approaching.

March 5, 2021

Public Capital

Noble Midstream Agrees to Chevron Buyout in $1.32 Billion All-stock Deal

Chevron said it had reached the buyout agreement with Noble Midstream on March 5, roughly a month after announcing a slightly smaller offer to buy out the pipeline operator.

March 5, 2021

Pipelines

NuStar to Expand Refined Products Pipeline for Albuquerque Market

Project to increase flow of refined fuels into region while increasing pipeline efficiency and environmental performance.

March 5, 2021

Liquefied Natural Gas (LNG)

PATH FORWARD: How FERC’s New Chair Will Impact the Oil Industry

FERC will align with President Biden’s climate goals but the energy transition cannot be done “on the backs of oil and gas workers,” says Ken Irvin, co-leader of global energy practice with Sidley Austin.

March 4, 2021

Crude Oil

Record US Crude Oil Stockbuild as Refining Plummets after Texas Freeze

The increase in crude oil stocks in the U.S. was also driven by a big jump in crude imports, which rose by a net 1.66 million bbl/d, the EIA said.

March 3, 2021

Health, Safety & Environment

Enterprise Products Signs Power Purchase Agreement for Texas Solar Project

The agreement for solar power from a proposed project in Texas is the result of an initiative launched by Enterprise Products in 2020 to expand solar power purchasing and/or installations across its system, co-CEO Jim Teague says.

March 2, 2021

Mergers

TC Energy, Ex-Columbia Execs Must Face Lawsuit over $10 Billion Deal

Judge rules that top execs will stand trial in suit by investors.

March 2, 2021

Business

Pembina Can No Longer Predict Start Date for Oregon Jordon Cove LNG

The $8 billion Jordan Cove LNG export project in Oregon is one of several major energy projects that received strong support from former U.S. President Donald Trump but have since failed to move forward.

March 1, 2021

Public Capital

Judge Strikes Down Williams Cos.’ ‘Poison Pill’ Takeover Defense

Williams’ “poison pill” was found by a Delaware judge to be a disproportionate response to the threat that an activist investor might swoop in when the stock was at a low point during the start of the pandemic.

February 26, 2021