VTTI Acquires Additional Interest In Subsidiary

A loan from VTTI BV financed the deal. VTTI indirectly owns a total economic interest of 42.6% and a 51.0% indirect voting interest in VTTI Operating.

Thu, 07/02/2015 - 15:02

Shell Midstream Closes Poseidon Interest Acquisition

The proprietary 367-mile offshore pipeline can transport 350,000 barrels per day of crude oil to Texas and Louisiana markets. South Marsh Island strategic platform 205 is under ownership.

Thu, 07/02/2015 - 13:55

Hess Closes Sale, Establishes $5.35B Bakken Midstream JV

Midstream assets included in the joint venture include a natural gas processing plant in Tioga, N.D. Hess Infrastructure will make an IPO of Hess Midstream Partners LP common units.

Thu, 07/02/2015 - 11:46

Norwegian Tycoon Fredriksen Will Merge Tanker Companies

Frontline 2012 was spun off from Frontline three years ago and has since divested its dry-bulk and gas fleet to focus on crude oil and product tankers, Reuters said.

Thu, 07/02/2015 - 09:56

Magellan, LBC Tank Terminals Form JV

More than 700,000 barrels of crude oil storage capacity and other infrastructure will be built through the roughly-$95 million project, supported by a long-term commitment with a major refiner. 

Tue, 06/30/2015 - 13:43

Ferrellgas Finalizes Close Of Bridger Logistics Acquisition

Ferrellgas Partners LP completed the close of the Bridger Logistics acquisition for about $562.5 million and 11.2 million common units. Purchase and sale agreement was entered on June 1. 

Fri, 06/26/2015 - 10:28

Total In Talks To Sell Frigg Pipeline To ArcLight

Total SA talks sale of Frigg pipeline network to ArcLight Capital Partners, two people familiar with private matter told Bloomberg. Frigg takes U.K. North Sea gas to St. Fergus, Scotland.

Thu, 06/25/2015 - 13:52

Additive Producer FDEP Formed Under JV

Freestone Dynamis Energy Products LLC, formed after more than year of strategy development, will produce Petrozene additive for tanker sludge, paraffin problems, storage tank maintenance and other issues.

Thu, 06/25/2015 - 11:39

Enbridge Sells Canadian Liquids Pipelines In Dropdown

Enbridge Income Fund Holdings Inc. will buy Enbridge Inc.’s Canadian liquids pipeline business and some renewable energy assets for C$30.4 billion (US$24.8 billion), Bloomberg said. 

Fri, 06/19/2015 - 10:48

PBF Energy Will Buy Chalmette Refining

ExxonMobil’s full interest in MOEM Pipeline LLC, and the 80% interests in Collins Pipeline Co. and T&M Terminal Co., are also being purchased under an agreement between ExxonMobil and PBF.

Thu, 06/18/2015 - 15:15

Cequence Closes Simonette Sale With Kanata

Shallow-cut refrigeration system and sales connection to TransCanada’s NGTL system will be added at 13-11-62-27W5M compression and dehydration facility, which will process 120 million cubic feet per day of gas.

Thu, 06/18/2015 - 11:13

KNOT Offshore Partners Closes Dan Sabia Tanker Acquisition

KNOT Offshore Partners LP acquired ownership interests in owner and operator of shuttle tanker Dan Sabia for $103 million. Dan Sabia operates offshore Brazil under charter with Petrobras Transporte SA. 

Wed, 06/17/2015 - 11:05