Enterprise (EPD) Loads LPG-Powered Vessel For the First Time Zacks.com 12/18/2020
Enterprise Products Partners LP EPD announced that for the first time it has loaded a liquefied petroleum gas (“LPG”)-powered vessel.
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After getting loaded at the Houston Ship Channel terminal of the leading North American midstream service provider, the Very Large Gas Carriers (“VLGC”) is now reportedly leading the way toward the Panama Canal. The partnership added that in the VLGC BW Gemini, a record of 590,000 barrels of LPG have been loaded along with cargo and fuel.
The partnership believes the achievement to tremendously benefit the LPG value chain’s demand and supply side. The partnership expects LPG demand to continue to grow, since its use by the vessels will result in a significant decline in carbon emissions as compared to other fuels like coal and wood. Thus, while providing the most needed choice of refuelling vessels with LPG and thereby reducing carbon em
(Enterprise Products Partners): One of the biggest concerns about Exxon today is that it will end up cutting its dividend. Which is why investors might want to examine fellow high-yielding energy play Enterprise Products Partners. This midstream giant owns the pipelines, processing plants, and transportation assets that help move oil, natural gas, and the products they get turned into. It s largely a toll-taker operation, with about 85% of the master limited partnership s gross margin coming from fees.
So volatile energy prices are much less important here than demand for the fuels, which should remain strong for decades to come even as the world shifts toward cleaner alternatives. But, more important for dividend investors, Enterprise covered its distribution by 1.7 times in the third quarter. That s not to suggest that the partnership isn t facing headwinds, because it is (distributable cash flow was basically flat year over year in the third quarter). But Enterprise, backed
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The Companies That Could Benefit From A Major Pipeline Shortage By Tsvetana Paraskova - Dec 10, 2020, 4:00 PM CST
The pandemic-inflicted oil demand crash and price collapse did not spare any segment of the oil industry. U.S. drillers and refiners cut oil and fuel production after demand plunged, while the entire oil and gas sector slashed capital budgets to preserve cash amid low oil and gas prices. The crisis spilled over to energy infrastructure, where oil and gas pipeline operators deferred or outright canceled projects and also reduced capital expenditure (capex) plans.
But it’s not all doom and gloom in the American midstream sector. Some pipeline operators with pipes already in the ground will see the value of their existing pipelines rise amid a looming scarcity of infrastructure, analysts say. The capex cuts and canceled projects would also add to the so-called scarcity value of the already operational oil and gas pipelines. In addition,