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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!