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...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....
...The latest deal was the $18.8bn sale of pipeline company Magellan Midstream Partners to rival Oneok this week....
...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....
...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...
...Center near the Port of Corpus Christi and stakes in several pipelines leading from inland oilfields to the Gulf of Mexico coast, as part of an all-cash deal for assets owned by private-equity backed Moda Midstream...
...The midstream sector is under intense pressure to show it can survive a transition to cleaner fuels....
...The $1bn Center Coast Brookfield Midstream, a US product, was the worst-performing actively managed equity fund globally last year, down almost 36 per cent....
...Warren Buffett, or, more accurately, Berkshire Hathaway, is rejecting this pitch with the purchase — for cash — of most of Dominion Energy’s midstream gas businesses....
...Dominion, one of the largest US midstream players, has proved relatively resilient during a price crash that has shattered the share prices of oil and gas producers....
...For example, Magellan Midstream, an energy MLP, last year paid out only about 71 per cent of its cash flows as dividends....
...Both Mr Grande, in charge of midstream energy companies and refiners, and Mr Watters, who looks after upstream companies and oilfield services, said they doubt companies will be able to depend on sales of...
...$32.5bn of total debt, was also downgraded this week, in the wake of Apollo Investment Corporation, Spirit AeroSystems — a supplier to the Boeing 737 Max — and energy companies EQT Corporation and EQM Midstream...
...Of these, 33 were oil and gas producers, 15 oilfield services companies and two midstream companies....
...In 2018, he made a similar request to fracking company SandRidge Energy over what he claimed was mismanagement....
...“You needed a coherent, consistent policy, which became difficult when every horse got changed in midstream. And sometimes they didn’t even get to the stream.”...
...ICE’s contract is delivered at Houston terminals owned by Magellan Midstream Partners, whose specifications allow oil with a wider gravity band of 36-44 degrees and a sulphur cap of 0.45 per cent....
...In the past 18 months the SEC has brought actions against BlackRock and SandRidge Energy for requiring employees to waive their right to whistleblower incentives, or even to communicate with the commission...
...of SandRidge shareholders.”...
...In 2016, US gas storage company Peregrine Midstream filed for bankruptcy protection, blaming a two-year dip in oil and gas prices....
...He also enlisted the support of Guggenheim Partners, SandRidge’s second-largest shareholder. SandRidge decided in December it would terminate the proposed deal....
...On Tuesday, SandRidge received a peculiar, unsolicited bid from another driller, Midstates Petroleum. The smaller Midstates can only offer its shares with no premium valuation for SandRidge....
...Dean Foods to explore options including sale (FT) Caterpillar hit with two-notch downgrade by UBS (FT) IAG removed from MSCI indices over rules breach (FT) ArcLight Capital weighs sale of Republic Midstream...
...SandRidge Energy said on Wednesday that it will carefully review an unsolicited proposal from Midstates Petroleum weeks after activist Carl Icahn torpedoed SandRidge’s plans to buy Bonanza Creek....
...In the earlier case, TPG-Axon wanted to replace SandRidge's board, and its management provided a similar warning to shareholders....
...SandRidge Energy shares were down 0.5 per cent to $18.37....
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