Page 23 - Idstream News Today

Shell USA agreed to acquire all remaining interests in Shell Midstream Partners held by the public at $15.85 per public common unit in cash for a total value of approximately $1.96 billion.

Manchester Energy is led by CEO Khalid Muslih and four other founding members consisting of long-tenured energy executives with a strong track record of value creation.

New Fortress Energy will own 20% of the JV with Apollo Global Management and get $1.1 billion in proceeds from an LNG infrastructure sale.

“Continued operation of Freeport’s LNG export facility without corrective measures may pose an integrity risk to public safety, property or the environment,” the U.S. PHMSA said in its preliminary report.

Our Energy ESG Conference pt. 2 will be held on September 8, 2022, in Houston, TX! More information coming soon! Visit Hart Energy Conferences to get a full list of our future events!

Midstream energy companies are enjoying the strength of the energy sector as a whole, and ETF investors can piggyback off that success.

US major inks agreements for offtake from four Gulf Coast LNG projects. [Image: Venture Global]

Replacing coal with natural gas as an energy source will reduce emissions but requires pipelines and facilities to be built faster than ever, EQT CEO Toby Rice told the DUG East audience.

Targa Resources’ acquisition of Lucid Energy in the Permian Basin from Riverstone Holdings and Goldman Sachs follows the company’s $200 million bolt-on of Southcross Energy earlier this year.

The latest outage estimate for Freeport LNG’s Texas plant is significantly longer than what was initially reported and could leave some markets with less than anticipated gas in storage heading into winter, analysts said.