Hints and tips:
...The project, developed by EQM Midstream Partners, utility NextEra Energy and other pipeline companies, was a “disaster” given its years of delay and cost inflation, Armstrong said....
...“We aim for zero routine flaring and near-zero methane emissions by 2030 on our upstream operations,” it said, without making reference to methane in midstream or pipeline operations....
...Partners....
...Aaron Milford, chief executive of Magellan Midstream Partners, said that the “opportunity to invest and grow” as a company focused on crude oil and refined products, such as petrol and jet fuel, had become...
...US pipeline giant Oneok is set to buy Magellan Midstream Partners for $18.8bn, creating one of the biggest oil and gas infrastructure companies in North America as consolidation in the hydrocarbon business...
...Energy Transfer’s growth has already been boosted by acquisitions: it announced the purchase of Permian Basin operator Lotus Midstream for $1.5bn in March, and in 2021 it snapped up Enable Midstream Partners...
...The latest deal was the $18.8bn sale of pipeline company Magellan Midstream Partners to rival Oneok this week....
...When a client (the Limited Partner, or LP) signs up to invest $100mn in private equity, they don’t immediately assume $100mn of exposure....
...The so-called midstream energy sector has been engaged in a flurry of transactions as efforts to add pipeline capacity runs into opposition....
...scepticism to be understandable, and we believe the board must take several steps to reassure investors that Phillips 66 is in the best possible position to achieve its value-creation potential,” wrote Elliott partner...
...Now scarcity has thrown a spotlight on their value, intensified by Oneok’s recommended offer for Magellan Midstream Partners at an enterprise value of $18.8bn....
...For pipeline builders — the so-called midstream part of the industry — the peak shale era brought its own wealth of opportunities....
...Oil-focused pipeline group Magellan Midstream Partners has explicitly pointed to gas’s “more powerful growth engine” as it pursues a sale to the gas-heavy Oneok....
...It is the second major deal in the US oil industry over the past week, coming after Oklahoma-based pipeline giant Oneok agreed to buy rival Magellan Midstream Partners for $18.8bn....
...Are we going to see that trickle down or flow through to midstream operators, and service companies?” (Myles McCormick and Amanda Chu) 3....
...News round-up FTC lawsuit targets serial acquisitions by private equity (FT) Venture firm GGV Capital to split off China business after US pressure (FT) Magellan Midstream holders approve $18.8bn sale...
...With new fossil fuel infrastructure facing heavy opposition in the US, expect the midstream M&A drive to continue....
...Although Papismedov denied that it was there to compete with De Beers, he said the current operating model carried on “colonisation” by acting as if Botswana is incapable of building midstream capabilities...
...Under German constitutional rules, we don’t change horses in midstream. That’s much easier in other countries. So I think they’re going to struggle on....
...’s decision to block acquisition (FT) TPG pushes into credit investing with $2.7bn deal for Angelo Gordon (FT) Gold miner Newmont seals $19bn deal for Australia’s Newcrest (FT) Oneok to buy Magellan Midstream...
...So the natural partner for the US is the Koreans. The natural partner for the Europeans is the Chinese. Michela Tindera Mmm. OK....
...Pipeline giant Oneok is buying Magellan Midstream Partners for $18.8bn, creating a company with an enterprise value of $60bn and a sprawling 25,000-mile network of pipelines stretching from North Dakota...
...Our goal is to be kind of the midstream, downstream oil and gas company, in a sense....
...Bamford teamed up with family office Vedra Partners to launch the fund. As well as pension funds and other family offices, he hopes to entice investments from the likes of BP and Shell....
...The other is owned by North Stream Midstream Partners, which bought the terminal and its main feeder pipelines in 2015....
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