Midstream

Hess Midstream Operations LP Announces Private Offering of Senior Notes Due 2030

Retrieved on: 
Monday, August 2, 2021

Hess Midstream Operations LP (the Issuer), a consolidated subsidiary of Hess Midstream LP (NYSE: HESM) (HESM and, together with the Issuer, Hess Midstream), today announced that it intends to offer $750 million in aggregate principal amount of senior unsecured notes due 2030 (the Notes) in a private offering.

Key Points: 
  • Hess Midstream Operations LP (the Issuer), a consolidated subsidiary of Hess Midstream LP (NYSE: HESM) (HESM and, together with the Issuer, Hess Midstream), today announced that it intends to offer $750 million in aggregate principal amount of senior unsecured notes due 2030 (the Notes) in a private offering.
  • Hess Midstream intends to use the net proceeds from the offering to finance the previously announced repurchase by the Issuer of approximately 31 million Class B units from affiliates of Hess Corporation and Global Infrastructure Partners.
  • The Notes are being sold only to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States to non-U.S.
  • Hess Midstream is a fee-based, growth-oriented, midstream company that owns, operates, develops and acquires a diverse set of midstream assets to provide services to Hess Corporation and third-party customers.

NexTier Announces the Launch of Its Power Solutions Natural Gas Fueling Services in the Permian Basin

Retrieved on: 
Monday, August 2, 2021

HOUSTON, Aug. 2, 2021 /PRNewswire/ --NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced the commercial launch of its Power Solutions division, a business dedicated to providing comprehensive fueling services to natural gas-powered fleets in the Permian Basin.

Key Points: 
  • HOUSTON, Aug. 2, 2021 /PRNewswire/ --NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced the commercial launch of its Power Solutions division, a business dedicated to providing comprehensive fueling services to natural gas-powered fleets in the Permian Basin.
  • With today's announcement, NexTier takes another leap forward in our commitment to provide low-cost, low-carbon solutions to the oil and gas industry.
  • The addition of Power Solutions integrates the latest in compressed natural gas (CNG) supply and field-gas handling technologies with NexTier's existing portfolio of natural gas-fueled completion services.
  • EagleClaw Midstream provides comprehensive gathering, transportation, compression, processing and treating services for companies that produce natural gas, natural gas liquids, crude oil and water.

Paradox Resources Announces Completion of Strategic Pipeline and First Deliveries of Helium Rich Gas from Capitol Operating Group on the Navajo Nation

Retrieved on: 
Thursday, July 29, 2021

Paradox Resources, LLC (Paradox Resources or the Company) today announced thatfor the first time in historyHelium rich Navajo Nation gas produced by Capitol Operating Group, LLC is flowing to and being processed and sold at the Lisbon Valley Gas and Helium Processing Plant in southeast Utah.

Key Points: 
  • Paradox Resources, LLC (Paradox Resources or the Company) today announced thatfor the first time in historyHelium rich Navajo Nation gas produced by Capitol Operating Group, LLC is flowing to and being processed and sold at the Lisbon Valley Gas and Helium Processing Plant in southeast Utah.
  • Capitol Operating Group, LLC is among the largest producers of helium in the 4 Corners area.
  • This achievement was made possible by the completion of a new pipeline connection by Paradox Resources, which unlocked bottlenecks impeding the Navajo Nations access to the Lisbon Valley Gas and Helium Processing Plant.
  • In conjunction with connecting the resources of the Navajo Nation to the Lisbon Valley Gas and Helium Processing Plant, Paradox Resources is continuing to advance the helium optimization and automation initiatives already underway at its Lisbon Valley Gas and Helium Processing Plant as it continues to expand the Companys midstream system.

Brooge Energy Ltd. Announces Positive Feasibility Study for Proposed Phase III Facility

Retrieved on: 
Wednesday, July 28, 2021

NEW YORK, July 28, 2021 (GLOBE NEWSWIRE) -- Brooge Energy Ltd. (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, in the Port of Fujairah in the United Arab Emirates, today released the results of the feasibility study commissioned for Brooge Energy’s Phase III oil storage facility and refinery. The feasibility study supports the financial viability of the Company’s Phase III expansion plan, highlighting upcoming infrastructure investments in the region as a key driver of sustainable storage demand and rising domestic and export demand for refined products as a key driver of refinery demand.

Key Points: 
  • NEW YORK, July 28, 2021 (GLOBE NEWSWIRE) -- Brooge Energy Ltd. (Brooge Energy or the Company) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, in the Port of Fujairah in the United Arab Emirates, today released the results of the feasibility study commissioned for Brooge Energys Phase III oil storage facility and refinery.
  • The successful build out of Brooge Energys Phase III facility would position the Company as the largest independent oil storage facility in Fujairah, with capacity to store Clean Petroleum Products; Middle Distillates; High and Low Sulphur Fuel oil as well as crude oil.
  • The Phase III expected construction period is two years, with the Company anticipating it will be operational within 2023.
  • Brooge Energy conducts all of its business and operations through its wholly owned subsidiaries, Brooge Petroleum and Gas Investment Company FZE (BPGIC) and Brooge Petroleum and Gas Investment Company Phase III FZE (BPGIC III), Fujairah Free Zone Entities.

Hart Energy Announces 2021 Oil and Gas Investor 'Forty Under 40' Honorees

Retrieved on: 
Wednesday, July 28, 2021

HOUSTON, July 28, 2021 /PRNewswire/ -- Hart Energy proudly announces honorees for Oil and Gas Investor's 2021 "Forty Under 40" recognition program.

Key Points: 
  • HOUSTON, July 28, 2021 /PRNewswire/ -- Hart Energy proudly announces honorees for Oil and Gas Investor's 2021 "Forty Under 40" recognition program.
  • Honorees traditionally span varied organizations and disciplines: investment banks, oil and gas producers, midstream operators, service companies and technology providers with responsibilities for management, acquisitions and divestitures, law, finance and more.
  • Video interviews and other special features with these individuals will be posted to theOil and Gas Investor website, just as these interviews were last year.
  • Editorial profiles of each honoree also will appear in a special supplement to Oil and Gas Investor.

DT Midstream to Open National Headquarters in Downtown Detroit

Retrieved on: 
Tuesday, July 27, 2021

DETROIT, July 27, 2021 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM), a premier natural gas pipeline, storage and gathering provider, today announced its new corporate headquarters will open in Bedrock’s Ally Detroit Center near Campus Martius, keeping almost 80 jobs in downtown Detroit.

Key Points: 
  • (NYSE: DTM), a premier natural gas pipeline, storage and gathering provider, today announced its new corporate headquarters will open in Bedrocks Ally Detroit Center near Campus Martius, keeping almost 80 jobs in downtown Detroit.
  • Planned to open Nov. 1, 2021, DTM will occupy 26,000 square feet on the 29th floor of the Ally Detroit Center.
  • DT Midstream, which employs nearly 300 people nationwide, completed its spinoff from DTE Energy on July 1, 2021.
  • We are so excited to welcome DT Midstream into our growing portfolio of companies committed to sustainability in Downtown Detroit, said Naumann Idrees, Bedrocks senior vice president of Leasing.

Kenya Petroleum Industry Report 2021: Competition, Influencing Factors, State of the Industry, Industry Associations - ResearchAndMarkets.com

Retrieved on: 
Tuesday, July 27, 2021

The "The Petroleum Industry in Kenya 2021" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "The Petroleum Industry in Kenya 2021" report has been added to ResearchAndMarkets.com's offering.
  • This report focuses on Kenya's petroleum industry, which encompasses upstream oil and natural gas exploration and development activities, midstream bulk storage and transportation of fuel and petroleum products, and downstream activities, including manufacturing and the wholesale and retail trade in refined fuels and petroleum products.
  • It includes information on the size and state of the sector, consumption and production statistics and developments in the upstream and downstream markets.
  • There are profiles of 26 companies including Rubis Energy Kenya, the largest player in the Kenyan downstream petroleum market and other major players such as Total Kenya, Vivo Energy, OLA Energy and the National Oil Corporation of Kenya.

NGL Energy Partners Announces Earnings Call

Retrieved on: 
Monday, July 26, 2021

NGL Energy Partners LP (NYSE: NGL) announced today that NGL plans to issue its fiscal 2022 first quarter ended June 30, 2021, earnings press release post-market close on Monday, August 9, 2021.

Key Points: 
  • NGL Energy Partners LP (NYSE: NGL) announced today that NGL plans to issue its fiscal 2022 first quarter ended June 30, 2021, earnings press release post-market close on Monday, August 9, 2021.
  • While NGL believes such forward-looking statements are reasonable, NGL cannot assure they will prove to be correct.
  • NGL Energy Partners LP, a Delaware limited partnership is a diversified midstream energy company that transports, stores, markets and provides other logistics services for crude oil, natural gas liquids and other products and transports, treats and disposes of produced water generated as part of the oil and natural gas production process.
  • Brokers and nominees should treat 100% of NGL Energy Partner LPs distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business.

DT Midstream to Report Second Quarter 2021 Financial Results Aug. 6 and Schedules Earnings Conference Call

Retrieved on: 
Friday, July 23, 2021

DETROIT, July 23, 2021 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) plans to announce second quarter 2021 results before the market opens on Friday, Aug. 6, 2021.

Key Points: 
  • DETROIT, July 23, 2021 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) plans to announce second quarter 2021 results before the market opens on Friday, Aug. 6, 2021.
  • DTM has scheduled a second quarter 2021 earnings conference call and webcast for 9 a.m.
  • Investors, the news media and the public may listen to a live internet broadcast of the call at this link .
  • DT Midstream is among the first in the midstream sector to establish net zero goals.

Equitrans Midstream Announces Quarterly Dividends

Retrieved on: 
Friday, July 23, 2021

Equitrans Midstream Corporation (NYSE: ETRN) today declared quarterly cash dividends of $0.15 per common share and $0.4873 per share of Series A Perpetual Convertible Preferred Stock for the second quarter 2021.

Key Points: 
  • Equitrans Midstream Corporation (NYSE: ETRN) today declared quarterly cash dividends of $0.15 per common share and $0.4873 per share of Series A Perpetual Convertible Preferred Stock for the second quarter 2021.
  • The dividends will be paid on August 13, 2021 to all applicable ETRN shareholders of record at the close of business on August 4, 2021.
  • Equitrans Midstream Corporation (ETRN) has a premier asset footprint in the Appalachian Basin and, as the parent company of EQM Midstream Partners, is one of the largest natural gas gatherers in the United States.
  • For more information on Equitrans Midstream Corporation, visit www.equitransmidstream.com; and to learn more about our environmental, social, and governance practices visit ETRN Sustainability Reporting .