Gravity, a leading water and energy infrastructure company backed by affiliates of Clearlake Capital Group LP, said Dec. 10 it has completed the acquisition of On Point Oilfield Holdings LLC, creating the largest commercial produced water disposal company by injection volumes in the Midland Basin.
EPIC Midstream loaded its first oil tanker at its new Texas export terminal and plans to open another dock in the third quarter of 2020, benefiting from rising demand for low-sulfur U.S. crude.
Twin Eagle executive Danny Rea joins Ironwood II as chief commercial officer.
Added supply could put more downward pressure on spot prices.
Company plans to apply for contracting approval for Mainline system by year-end.
Canada's Enbridge said a revised environmental statement from the state of Minnesota concludes that replacing the aging Line 3 oil pipeline would not introduce risks for Lake Superior in the case of a spill.
SPOT facility offshore Brazoria County Texas, will be able to handle VLCCs.