Midstream

GPA recommends clarity and consistency

As the U.S. Environmental Protection Agency begins its review of new and existing programs that could be affected by the Inflation Reduction Act passed by Congress last year, GPA Midstream Association submitted comments for the agency to consider in future rulemaking. The IRA’s Methane Emissions Reduction Program imposes a waste-emission charge on methane from certain oil and gas facilities, which could bring about new rules from the agency. In comments GPA Midstream submitted in January, we explain the need for a clear distinction between waste methane emissions and those that come from beneficial processes such as using natural gas to run compressor or generator engines. The latter should not be subject to fees... > read more

One Rock Capital Partners acquisition

One Rock Capital Partners, LLC has announced that one of its affiliates has successfully completed its acquisition of EnviroServe Inc., a leading national provider of environmental and waste management services, from Savage, a global provider of supply chain infrastructure and services. EnviroServe provides environmental remediation, waste management and emergency response services from over 35 locations across the U.S. The Company is committed to creating valued partnerships with customers to help them solve their complex, environmentally sensitive issues in a safe and sustainable manner. “We are pleased to welcome EnviroServe, a business with a longstanding commitment to delivering exceptional results for its customers, to the One Rock portfolio,” said Josh Goldman, partner at One Rock. “Our investment in EnviroServe is a testament to the Company’s reputation, its broad operational capabilities and... > read more

Port Houston Posts Record Volume in 2022

Port Houston recorded its best year yet in 2022. Port Houston container annual volume was up 14 percent, reaching just shy of 4 million Twenty-Foot Equivalent Units (TEUs), at 3,974,901 TEUs. This is nearly double the volume posted six years earlier in 2016 and 492,526 TEUs more than in 2021. Total tonnage was up 22 percent for the year, reaching 55,060,963 short tons, a new record. The Port had consistent double-digit growth at Bayport and Barbours Cut container terminals from January through November. In December, volumes dipped compared to the record 2021 activity, a softening of demand that mirrors other gateways across the country. A total of 292,027 TEUs were handled at Port Houston during December, a 12 percent decrease compared to December 2021. Loaded container imports decreased by 16 percent in December, while this was the top December ever for exports, which increased 7 percent year-over-year... > read more

Phillips 66 Reaches Agreement to Acquire

Phillips 66 and DCP Midstream, LP have announced that they have entered into a definitive agreement pursuant to which Phillips 66 will acquire all of the publicly held common units representing limited partner interests in DCP Midstream for cash consideration of $41.75 per common unit, increasing its economic interest in DCP Midstream to 86.8 percent. “We are delivering on our commitment to grow our NGL business,” said Mark Lashier, president and CEO of Phillips 66. “Our wellhead-to-market platform captures the full NGL value chain. As we continue integrating DCP Midstream, we are unlocking significant synergies and growth opportunities.” In combination with the previously announced realignment of Phillips 66’s economic and governance interests in DCP Midstream, the transaction is expected to generate an incremental $1 billion of adjusted EBITDA for Phillips 66. In addition, Phillips 66 expects to capture operational and commercial synergies of at least $300 million by... > read more

Port of Corpus Christi Receives Invitation

The US Department of Energy (DOE) Office of Clean Energy Demonstration has encouraged the Port of Corpus Christi Authority to submit a full application for its Horizons Clean Hydrogen Hub through the Regional Clean Hydrogen Hubs Program. The Port of Corpus Christi, as a landlord port authority and the owner of the most improved, most efficient ship channel on the U.S. Gulf Coast, is the prime applicant for the HCH2 and is the common denominator to each of the roughly two dozen discrete clean hydrogen production projects in the proposed Hub. The HCH2 Concept Paper, submitted to the DOE on November 7, names around 30 private sector team members as owners, developers and/or operators, offtakers, and end users of various hydrogen value chain projects and supporting infrastructure, including but not limited to... > read more

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Kinder Morgan to hold 2023 Investor Day

Representatives of Kinder Morgan, Inc. intend to make presentations in Houston, Texas on January 25, 2023 at the Kinder Morgan...
> read more

EnLink Midstream Declares

EnLink Midstream, LLC has announced a quarterly distribution for the fourth quarter of 2022, reflecting an increase of approximately...
> read more

Magellan Midstream to Announce Fourth-Quarter

Magellan Midstream Partners, L.P. plans to announce financial results for fourth quarter 2022 before the market opens on...
> read more

Midstream News

GPA recommends clarity and consistency

As the U.S. Environmental Protection Agency begins its review of new and existing programs that could be affected by the ... > read more

Kinder Morgan to hold 2023 Investor Day

Representatives of Kinder Morgan, Inc. intend to make presentations in Houston, Texas on January 25, 2023 at the Kinder Morgan ... > read more

ONEOK Increases Quarterly Dividend

The board of directors of ONEOK, Inc. has increased ONEOK's quarterly dividend to 95.5 cents per share, an increase of 2 ... > read more

EnLink Midstream Declares

EnLink Midstream, LLC has announced a quarterly distribution for the fourth quarter of 2022, reflecting an increase of approximately ... > read more

One Rock Capital Partners acquisition

One Rock Capital Partners, LLC has announced that one of its affiliates has successfully completed its acquisition of EnviroServe ... > read more

Port Houston Posts Record Volume in 2022

Port Houston recorded its best year yet in 2022. Port Houston container annual volume was up 14 percent, reaching just shy ... > read more

Midstream News

Phillips 66 Reaches Agreement to Acquire

Phillips 66 and DCP Midstream, LP have announced that they have entered into a definitive agreement pursuant to which Phillips ... > read more

Magellan Midstream to Announce Fourth-Quarter

Magellan Midstream Partners, L.P. plans to announce financial results for fourth quarter 2022 before the market opens on ... > read more

bp Announces

bp has announced its 134MWdc (107MWac) Arche Solar project in Fulton County, Ohio, is beginning construction, helping support ... > read more

Port of Corpus Christi Receives Invitation

The US Department of Energy (DOE) Office of Clean Energy Demonstration has encouraged the Port of Corpus Christi Authority ... > read more

Chevron and Baseload Capital JV

Chevron Corporation through its Chevron New Energies business, and Baseload Capital have announced a joint venture to develop ... > read more

Stolt Tankers awarded

Stolt Tankers has received the GoalZERO safety award from customer, LyondellBasell, at its annual safety leadership conference ... > read more

Midstream News

W Energy Software Hires New CEO

W Energy Software, a leading provider of cloud-based accounting and Enterprise Resource Planning (ERP) software for enterprise ... > read more

ERL open house returns

November 3 marked the return of an in-person ERL Inc. open house event, previously cancelled due to COVID restrictions in ... > read more

Diamondback Energy Completes Acquisition

Diamondback Energy, Inc. has announced that it has completed its previously announced acquisition of all leasehold interests ... > read more

SKYRAK: Rail-Top Access Solution

This client needed to top-offload rail cars of ethanol and pump them to their above-ground storage tank, which is some distance ... > read more

EnLink Midstream Announces Leadership Changes

EnLink Midstream, LLC has announced that the EnLink Board of Directors (Board) have appointed Benjamin D. Lamb as Executive ... > read more

Centrica Storage appoints Wood

Wood has been appointed integrated services partner by Centrica Storage for the company’s UK Southern North Sea operations. The ... > read more

Midstream News

Chevron to Acquire Full Ownership

Chevron U.S.A. Inc., a subsidiary of Chevron Corporation), announced today it signed a definitive agreement to acquire full ... > read more

Williams agreement with Sempra

Williams has announced that it has entered into a non-binding heads of agreement (HOA) with Sempra Infrastructure, a subsidiary ... > read more

Honeywell Connect 2022

Honeywell Forge Performance+ for Industrials | Asset Performance helps customers improve asset performance, lower equipment ... > read more

GasLog Inks Agreements for LNG Carriers

GasLog Partners has inked new multi-month time charter agreements securing employment for three liquefied natural gas (LNG) ... > read more

Cashco Wins Manufacturing/Distribution Award

Cashco of Ellsworth, Kansas has won a statewide award for manufacturing/distribution from the Kansas Department of Commerce ... > read more

Rome Hydrogen Valley Engineering Phase

Maire Tecnimont SpA has said that NextChem, through its subsidiary MyReChemical, has kicked off the engineering phase of ... > read more