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Midstream

Phillips 66
Crude Oil News

2022’s Inflation has Silver Lining for Midstream/MLPs

July 3, 2023 Mariel Alumit

Many liquids pipelines adjust their fees each July 1 based on the Federal Energy Regulatory Commission’s (FERC) oil pipeline index, which is based on the Producer Price Index for Finished Goods. The elevated inflation seen in […]

EnLink
Crude Oil News

EnLink Midstream LLC: A Top Player in Natural Gas and Crude Oil Transmission and Processing Services

June 9, 2023 Mariel Alumit

EnLink Midstream LLC is among the top players in the transmission, processing, and marketing of natural gas and crude oil. The company operates across five segments: Permian, Louisiana, Oklahoma, North Texas, and Corporate. EnLink Midstream […]

Energy
M & A

Energy Transfer acquires Lotus Midstream, raises 2023 earnings outlook

May 3, 2023 Mariel Alumit

NEW YORK, May 2 (Reuters) – U.S. midstream company Energy Transfer said on Tuesday it has completed its $1.45 billion acquisition of Lotus Midstream Operations and boosted its earnings expectations higher for the rest of […]

Phillips
Downstream

Phillips 66 Attracts Investor Attention with Recent Developments in Oil and Gas Industry

April 24, 2023 Mariel Alumit

Recent developments in the oil and gas industry have attracted the attention of investors around the world. One particular company, Phillips 66 (NYSE:PSX), has been in the spotlight after GW Henssler & Associates Ltd. decreased […]

energy
Midstream

Big Opportunity for Midstream in Energy Transition

March 24, 2023 Mariel Alumit

Oil prices fell by approximately 5% each day on March 14 and 15 to levels not seen since December 2021. The commodity selloff and a general risk-off sentiment pressured energy stocks broadly, but some subsectors […]

California
Financial Markets

California Public Employees Retirement System Makes New $3.82 Million Investment in Equitrans Midstream Co. (NYSE:ETRN)

February 21, 2023 Mariel Alumit

California Public Employees Retirement System bought a new position in shares of Equitrans Midstream Co. (NYSE:ETRN – Get Rating) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 511,267 shares […]

Savannah
E&P

Savannah Energy acquires ExxonMobil’s asset in Chad and Cameroon

December 12, 2022 Mariel Alumit

Africa-focused British independent energy company, Savannah Energy acquires oil and gas supermajor ExxonMobil’s entire upstream and midstream asset portfolio in Chad and Cameroon The acquisition includes ExxonMobil’s entire upstream and midstream asset portfolio in the […]

Nord Stream
International News

Nord Stream leaks confirmed as sabotage, Sweden says

November 21, 2022 Mariel Alumit

(Reuters) Investigators have found traces of explosives at the site of the damaged Nord Stream gas pipelines, confirming sabotage had taken place, a Swedish prosecutor said. Swedish and Danish authorities are investigating four holes in the Nord […]

Equitrans Midstream Corp. Loses Over One Billion Cubic Feet Of Natural Gas In Leak
Financial Markets

Equitrans Midstream Corp. Loses Over One Billion Cubic Feet Of Natural Gas In Leak

November 20, 2022 Allen Santos

A natural gas leak at a Pennsylvania facility which had released fuel for 11 days was responsible for putting over 1 billion cubic feet of gas into the atmosphere, according to the facility operator. On […]

Diamondback
E&P

Diamondback Energy: The Pending Firebird’s Acquisition Is A Positive

November 15, 2022 Mariel Alumit

Summary Diamondback Energy announced the third quarter of 2022 results on November 7, 2022. The quarter’s revenues were $2,437 million, with a net income of $1,184 million or $6.72 per diluted share. Production for 3Q22 […]

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Coal

Coal makes a quiet resurgence in the clean energy era

September 28, 2023

CNN —  As momentum shifts toward clean energy, coal has had some unexpected staying power. What’s happening: Big banks like Goldman Sachs have pledged to divest from the dirty energy source, but reports that coal power is dying appear to […]

Wisconsin
EnergyNews

As Wisconsin utilities go their own way on net metering, advocates seek a unified approach to solar

September 27, 2023

​Correction: This article was updated to correct the amount that MGE compensates customers for the energy they send back to the grid. It is currently 16.6 cents per kilowatt-hour. Wisconsin utility MGE is proposing to […]

Crude Oil News

WTI Extends Gains As Cushing Stocks Near ‘Tank Bottoms’; SPR Drained

September 27, 2023

After their tumble overnight yesterday amid bearish risk appetites, oil prices have soared back to new cycle highs as traders mulled the effects of rapidly tightening supplies after API reported yet another weekly drawdown in […]

Jackson
Electric Vehicles

Jackson Buys 8 Electric Buses For Transit System, But None Are Working

September 27, 2023

Teton County and the town of Jackson had set its sights on a low-emission transit system for the county. The Southern Teton Area Rapid Transit (START) system, a joint operation between Jackson and Teton County, […]

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