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.
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.
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.
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.
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.
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.
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.
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.
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.
KNOT Offshore Partners LP acquired ownership interests in owner and operator of shuttle tanker operates offshore Brazil under charter with Petrobras Transporte SA.
|Mid||USD 257.5||Members only||Energy XXI Ltd.|
|E&P||USD 18.4||Members only||New Standard Energy Ltd.|
|Mid||USD 837.5||Members only||Bridger Logistics LLC|
|E&P||USD 0||Members only||Gale Force Petroleum|