Petroleum transport

Hess Midstream LP to Participate in Barclays Midstream and Clean Infrastructure Corporate Access Day

Retrieved on: 
Tuesday, February 16, 2021
Energy, Transport, Logistics, Supply chain management, Oil, Gas, Midstream, Oil storage, Petroleum transport, Petroleum industry, Articles, Energy

Hess Midstream LP (NYSE: HESM) (Hess Midstream) announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relations, will meet with investors on February 24, 2021 at the Barclays Midstream and Clean Infrastructure Corporate Access Day.

Key Points: 
  • Hess Midstream LP (NYSE: HESM) (Hess Midstream) announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relations, will meet with investors on February 24, 2021 at the Barclays Midstream and Clean Infrastructure Corporate Access Day.
  • 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 and third-party customers.
  • Hess Midstream owns oil, gas and produced water handling assets that are primarily located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota.
  • Hess Midstream undertakes no obligation to, and does not intend to, update these forward-looking statements to reflect events or circumstances occurring after this press release.

Magellan Midstream Launches Open Season for Potential New Mexico Refined Products Pipeline Expansion

Retrieved on: 
Tuesday, February 16, 2021
Articles, Petroleum industry, Companies, Midstream, Oil storage, Petroleum transport, Magellan Midstream Partners, Master limited partnership, Magellan Navigation

TULSA, Okla., Feb. 16, 2021 /PRNewswire/ --Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has launched an open season to assess firm customer interest in the potential expansion of the partnership's New Mexico refined petroleum products pipeline.

Key Points: 
  • TULSA, Okla., Feb. 16, 2021 /PRNewswire/ --Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has launched an open season to assess firm customer interest in the potential expansion of the partnership's New Mexico refined petroleum products pipeline.
  • Expansion of the pipe segment would provide the New Mexico market additional access to refined products from El Paso-area and Gulf Coast refineries via Magellan's extensive pipeline system.
  • For customer inquiries about the open season, please contact Trey Barrow at (918) 574-7480 or [email protected] .
  • Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores and distributes refined petroleum products and crude oil.

Stonehenge and UGI Acquire Pine Run Midstream Natural Gas Gathering System

Retrieved on: 
Tuesday, February 16, 2021
Energy, Other Energy, Oil, Gas, Midstream, Oil storage, Petroleum industry, Petroleum transport, Energy, Articles, American Energy Partners, LP, Stonehenge, UGI Corporation, Energy Spectrum Capital

Pine Run Gathering LLC (Pine Run Gathering) announced today that it has completed a transaction to acquire Pine Run Midstream, LLC (Pine Run Midstream) from an affiliate of PennEnergy Resources, LLC (PennEnergy) and minority partners for $205 million.

Key Points: 
  • Pine Run Gathering LLC (Pine Run Gathering) announced today that it has completed a transaction to acquire Pine Run Midstream, LLC (Pine Run Midstream) from an affiliate of PennEnergy Resources, LLC (PennEnergy) and minority partners for $205 million.
  • Pine Run Midstream operates 43-miles of dry gas gathering pipeline and compression assets located in Butler and Armstrong counties in western Pennsylvania.
  • The Pine Run Midstream system has been in operation since 2014 and will be operated by Stonehenge.
  • UGIES will add its ownership stake in Pine Run Gathering to UGI Appalachia, LLC, which operates gathering assets in Pennsylvania, Ohio and West Virginia.

CorEnergy Announces Acquisition of Crimson’s California Pipeline Assets

Retrieved on: 
Thursday, February 4, 2021
Energy, Construction & Property, REIT, Oil, Gas, Petroleum industry, Midstream, Oil storage, Petroleum transport, Articles, Energy, Economy

The acquired assets include four critical infrastructure pipeline systems spanning approximately 1,800 miles across northern, central and southern California, connecting desirable native California crude production to in-state refineries producing state-mandated specialized fuel blends, among other products.

Key Points: 
  • The acquired assets include four critical infrastructure pipeline systems spanning approximately 1,800 miles across northern, central and southern California, connecting desirable native California crude production to in-state refineries producing state-mandated specialized fuel blends, among other products.
  • Additional members of Crimsons executive and operating teams joining CorEnergy, include Robert Waldron, Chief Financial Officer at Crimson Midstream, who will become CFO of CorEnergy and Larry Alexander, President of Crimson Californias operations.
  • Commented Dave Schulte, The acquisition of Crimson diversifies CORRs critical infrastructure portfolio with four new pipeline networks and positions CorEnergy as an owner/operator of utility-like assets in line with expectations for our industry leading REIT qualifying platform.
  • Our combined ability to pursue additional opportunities leveraging Crimsons oil market relationships, together with CorEnergys natural gas transmission assets, establishes a diversified foundation for future acquisition consideration, said John Grier.

East Daley Capital Annual Report Uncovers 2021 Midstream Opportunities and Risks

Retrieved on: 
Tuesday, February 2, 2021
Energy, Professional services, Oil, Gas, Finance, Midstream, Oil storage, Petroleum transport, Articles, Energy, Economy

East Daley Capital Advisors, Inc. , the midstream expert, today announced the availability of its 2021 Dirty Little Secrets - Fight or Flight: Taking Stock of the Midstream report which identifies the opportunities and risks affecting the midstream sector by bringing together commodity fundamentals with asset-level financial impact.

Key Points: 
  • East Daley Capital Advisors, Inc. , the midstream expert, today announced the availability of its 2021 Dirty Little Secrets - Fight or Flight: Taking Stock of the Midstream report which identifies the opportunities and risks affecting the midstream sector by bringing together commodity fundamentals with asset-level financial impact.
  • Despite the challenges and volatility of 2020, the sector has some genuine opportunities ahead, said Justin Carlson, Co-Founder and Chief Strategy Officer at East Daley Capital.
  • About East Daley Capital Advisors, Inc.
    East Daley Capital (EDC) is the only comprehensive provider of midstream energy asset-level data and analysis that covers both the capital and commodity sectors.
  • East Daley goes deep to empower its clients with North American Midstream energy expertise found nowhere else on the market.

Dorian LPG Ltd. Provides Update for the Third Quarter 2021 and Announces Third Quarter 2021 Earnings and Conference Call Date

Retrieved on: 
Monday, January 25, 2021
Gas carrier, Petroleum transport, New York Stock Exchange, Hurricane Dorian, New York City

STAMFORD, Conn., Jan. 25, 2021 /PRNewswire/ -- Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), a leading owner and operator of modern and ECO very large gas carriers ("VLGCs"), today provided selected preliminary financial and operating data for the quarter ended December 31, 2020.

Key Points: 
  • STAMFORD, Conn., Jan. 25, 2021 /PRNewswire/ -- Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), a leading owner and operator of modern and ECO very large gas carriers ("VLGCs"), today provided selected preliminary financial and operating data for the quarter ended December 31, 2020.
  • The following unaudited financial data for the quarter ended December 31, 2020 is preliminary and based on information available to the Company at this time.
  • The Company has not finalized its financial statement closing process for the quarter ended December 31, 2020.
  • The Company is providing this information on a one-time basis only and does not intend to update this information prior to the final release for the quarter ending December 31, 2020.

Noble Midstream Partners to Host Conference Call and Webcast on February 12

Retrieved on: 
Friday, January 22, 2021
Oil, Gas, Energy, Natural gas, Midstream, Oil storage, Petroleum transport, Petroleum industry, Articles, Energy

Noble Midstream Partners LP (NASDAQ: NBLX) (the Partnership) will host its fourth-quarter 2020 results webcast and conference call at 9:00 a.m., Central Time, Friday, February 12, 2021.

Key Points: 
  • Noble Midstream Partners LP (NASDAQ: NBLX) (the Partnership) will host its fourth-quarter 2020 results webcast and conference call at 9:00 a.m., Central Time, Friday, February 12, 2021.
  • A webcast link and related presentation material will be accessible on the Investors page of the Partnerships website at www.nblmidstream.com .
  • Noble Midstream currently provides crude oil, natural gas, and water-related midstream services and owns equity interests in oil pipelines in the DJ Basin in Colorado and the Delaware Basin in Texas.
  • Noble Midstream strives to be the midstream provider and partner of choice for its safe operations, reliability, and strong relationships while enhancing value for all stakeholders.

Texas Energy Company Announces New Storage Agreement With Major European Tank Storage Company

Retrieved on: 
Tuesday, January 19, 2021
Petroleum industry, Midstream, Oil storage, Petroleum transport, Articles, Energy, Business

HOUSTON, Jan. 19, 2021 /PRNewswire/ --Texas-based energy company Max Midstream announced it has formed two new subsidiaries in Europe to trade its Texas Crude and Condensate and products throughout Europe.

Key Points: 
  • HOUSTON, Jan. 19, 2021 /PRNewswire/ --Texas-based energy company Max Midstream announced it has formed two new subsidiaries in Europe to trade its Texas Crude and Condensate and products throughout Europe.
  • Max Midstream has also secured tanks at the Koole Terminal ( www.koole.com ) in Rotterdam which will allow Max to secure a trade position with the second largest tank storage company in the ARA region.
  • "This agreement assures that Max Midstream will be reaching the European market even sooner than previously expected" said Todd Edwards, President/CEO of Max Midstream.
  • "At a time when the oil market is down, Max Midstream is opening doors for Texas energy and our European customers."

Texas Energy Company Announces New Storage Agreement With Major European Tank Storage Company

Retrieved on: 
Tuesday, January 19, 2021
Petroleum industry, Midstream, Oil storage, Petroleum transport, Articles, Energy, Business

HOUSTON, Jan. 19, 2021 /PRNewswire/ --Texas-based energy company Max Midstream announced it has formed two new subsidiaries in Europe to trade its Texas Crude and Condensate and products throughout Europe.

Key Points: 
  • HOUSTON, Jan. 19, 2021 /PRNewswire/ --Texas-based energy company Max Midstream announced it has formed two new subsidiaries in Europe to trade its Texas Crude and Condensate and products throughout Europe.
  • Max Midstream has also secured tanks at the Koole Terminal ( www.koole.com ) in Rotterdam which will allow Max to secure a trade position with the second largest tank storage company in the ARA region.
  • "This agreement assures that Max Midstream will be reaching the European market even sooner than previously expected" said Todd Edwards, President/CEO of Max Midstream.
  • "At a time when the oil market is down, Max Midstream is opening doors for Texas energy and our European customers."

EagleClaw Midstream Achieves Major ESG Milestones That Enhance Its Future Market Position

Retrieved on: 
Wednesday, January 13, 2021
Midstream, Oil storage, Petroleum transport, Articles, Energy, Business

EagleClaw Midstream is the largest privately-owned midstream services provider in the Delaware Basin and operates a supersystem comprised of three interconnected natural gas processing complexes representing 1.3 Bcf/day of processing capacity.

Key Points: 
  • EagleClaw Midstream is the largest privately-owned midstream services provider in the Delaware Basin and operates a supersystem comprised of three interconnected natural gas processing complexes representing 1.3 Bcf/day of processing capacity.
  • Welch noted the agreement will ensure that the company has a reliable, secure, and cost-effective source of renewable energy for the foreseeable future.
  • EagleClaw Midstream is the first major gathering and processing company in the Permian Basin to procure 100 percent of its power for its operations from renewable energy sources, he noted.
  • EagleClaw Midstream has established and implemented an Environmental, Social and Governance (ESG) program across its operations.