U.S. midstream sector faces capital market access challenge
U.S. midstream companies’ capital market access remains a concern due to continued equity price weakness and as a potential increase in interest rates looms, according to Fitch Ratings. With equity...
View ArticleDividend cuts possible, but unlikely for U.S. midstreamers: Fitch
Significant dividend and distribution cuts will not be the norm for investment-grade midstream energy companies – despite Kinder Morgan’s (KMI’s) 75% cut last week — Fitch Ratings believes. “With the...
View ArticleBanks tread lightly on borrowing base redeterminations
One-plus year into the collapse of crude oil prices, cuts to reserve-based lending facilities (RBLs) of high-yield (HY) exploration and production companies by bank syndicates have been relatively...
View ArticlePetrobras invites firms to bid for onshore gas field in Brazil
Brazil’s oil and gas company Petrobras has invited companies to take part in the bidding process to sell a 100% stake in its onshore Azulão gas field, located in the Amazon Basin, northern Brazil,...
View ArticleEngie seeks buyers for 10% stake in Petronet LNG
French energy company Engie is reportedly seeking some 33 billion rupees ($512 million) in a 10% stake at India’s largest importer of liquefied natural gas (LNG), Petronet LNG, as part of its...
View ArticleNoble Energy closes on Appalachian divestiture
Texas-based Noble Energy has closed on a deal divesting its upstream assets in the Marcellus and Utica shales in northern West Virginia and southwest Pennsylvania, Kallanish Energy reports. [...] The...
View ArticleEncana completes Piceance natural gas sale
Alberta-based Encana on Wednesday announced that the sale of Piceance natural gas assets in northwestern Colorado has been completed, Kallanish Energy reports. [...] The post Encana completes Piceance...
View ArticlePetrobras puts shallow-water assets up for sale
Brazil’s state-controlled oil company Petrobras has put on sale seven sets of shallow-water fields, with a total of 30 concessions, the firm said last week, Kallanish Energy learns. [...] The post...
View ArticlePetrobras starts non-binding sale of Paraguay asset
Brazilian state-controlled oil company Petrobras started on Monday a non-binding process to sell its assets in Paraguay, sending interested parties additional information on the potential disposals, it...
View ArticlePlains plans to slash debt by $1.4B over 19 months 🔓
Houston-based midsteamer/energy transportation company Plains All American Pipeline (PAA) and Plains GP Holdings said late Friday they plan to slash debt by roughly $1.4 billion, to $9.7 billion by...
View ArticleMarathon Petroleum, MPLX complete $1.05B drop-down deal
Ohio-based Marathon Petroleum has sold pipeline and storage facilities to MPLX for $1.05 billion in a drop-down deal, Kallanish Energy reports. MPLX is Marathon Petroleum’s master limited partnership....
View ArticleContinental sells 32,500 acres in Oklahoma for $147.5M
Oklahoma-based Continental Resources is selling 32,500 non-core acres in Oklahoma for $147.5 million, Kallanish Energy reports. [...] The post Continental sells 32,500 acres in Oklahoma for $147.5M...
View ArticleCarrizo sells Utica Shale assets
Texas-based Carrizo Oil & Gas is leaving the Utica Shale, Kallanish Energy reports. [...] The post Carrizo sells Utica Shale assets appeared first on Kallanish Energy News.
View ArticleCenovus Energy selling Pelican Lake heavy-oil assets
Cenovus Energy has sold its Pelican Lake heavy-oil assets in northern Alberta to Calgary-based Canadian Natural Resources Ltd. for $975 million, Kallanish Energy reports. [...] The post Cenovus Energy...
View ArticlePetrobras invites investors to bid for 90% of TAG
Brazilian state-controlled oil company Petrobras started this week the process to sell a 90% stake sale in its gas transportation unit TAG, offering investors the opportunity to tap into a 4,500km gas...
View ArticleFirstEnergy gets $100M less in revised sale
In a revised agreement, Ohio-based FirstEnergy is getting $100 million less than it initially wanted in a cash sale of four natural gas-fired power plants in Pennsylvania and a hydroelectric facility...
View ArticleHalcon closes $1.4B sale of operated Williston Basin assets
Houston-based Halcon Resources has closed on its sale of operated assets in the Williston Basin in North Dakota’s Bakken Shale for $1.4 billion in cash, Kallanish Energy reports. [...] The post Halcon...
View ArticleShell to exit Iraq’s Majnoon oilfield 🔓
Anglo-Dutch Royal Shell said on Wednesday it is looking to relinquish its 45% operating stake in the super-giant Majnoon oilfield located in southern Iraq, Kallanish Energy reports. [...] The post...
View ArticleCenovus Energy selling Alberta assets for $512M
Cenovus Energy has signed an agreement to sell its Suffield crude oil and natural gas assets in southern Alberta to International Petroleum for $512 million. [...] The post Cenovus Energy selling...
View ArticleConocoPhillips closes on Oklahama asset sale 🔓
Houston-based ConocoPhillips has closed on a $184 million asset sale in Oklahoma’s Panhandle, Kallanish Energy reports. [...] The post ConocoPhillips closes on Oklahama asset sale 🔓 appeared first on...
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