Darren
Barbee
Oil and Gas Investor
EQT Deal to ‘Vertically Integrate’ Equitrans Faces Steep Challenges
EQT Corp. plans to acquire Equitrans Midstream with $5.5 billion equity, but will assume debt of $7.6 billion or more in the process, while likely facing intense regulatory scrutiny.
TC Energy’s Keystone Back Online After Temporary Service Halt
As Canada’s pipeline network runs full, producers are anxious for the Trans Mountain Expansion to come online.
TC Energy's Keystone Oil Pipeline Offline Due to Operational Issues, Sources Say
TC Energy's Keystone oil pipeline is offline due to operational issues, cutting off a major conduit of Canadian oil to the U.S.
Enbridge Closes First Utility Transaction with Dominion for $6.6B
Enbridge’s purchase of The East Ohio Gas Co. from Dominion is part of $14 billion in M&A the companies announced in September.
Enbridge Announces $500MM Investment in Gulf Coast Facilities
Enbridge’s 2024 budget will go primarily towards crude export and storage, advancing plans that see continued growth in power generated by natural gas.
TC Energy, Partner Sell Portland NatGas Transmission System for $1.14B
Analysts expect TC Energy to make more divestitures as the Canadian infrastructure company looks to divest roughly $2.21 billion in assets in 2024 and lower debt.
Canadian Natural Resources Boosting Production in Oil Sands
Canadian Natural Resources will increase its quarterly dividend following record production volumes in the quarter.
Pembina Pipeline Enters Ethane-Supply Agreement, Slow Walks LNG Project
Canadian midstream company Pembina Pipeline also said it would hold off on new LNG terminal decision in a fourth quarter earnings call.
CorEnergy Infrastructure to Reorganize in Pre-packaged Bankruptcy
CorEnergy, coming off a January sale of its MoGas and Omega pipeline and gathering systems, filed for bankruptcy protect after reaching an agreement with most of its debtors.
Targa Resources Forecasts Rising Profits on 2024 Exports
Midstream company Targa Resources reports a record fourth quarter in volumes and NGL fractionation.