Energy Financial

North American energy sector healing in 2017, challenges ahead – Fitch

Energy Financial

Two years of lower global E&P capex should set stage for further production declines, stabilizing pricing The rating outlook for North American energy remains negative, reflecting lingering challenges in the exploration and production (E&P) and oil field services/drillers subsectors, according to Fitch Ratings. The E&P market remains split. In the investment-grade (IG) E&P space, a key […]

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Tesoro Logistics to buy North Dakota energy assets for $700 million

Energy Financial

Tesoro Logistics also buying Martinez, CA terminal, storage logistics Nov 21 (Reuters) – Tesoro Logistics LP said it would buy some oil, natural gas and other gathering systems in North Dakota for about $700 million, and will also acquire terminal and storage assets from major shareholder Tesoro Corp for about $400 million. The North Dakota assets,

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Energy Transfer MLPs Sunoco Logistics and ETP to combine

Energy Financial

Energy Transfer Partners, Sunoco Logistics Partners controlled by Energy Transfer LP Nov 21 (Reuters) – Pipeline companies Sunoco Logistics Partners LP and Energy Transfer Partners (ETP), both of which are controlled by general partner Energy Transfer Equity LP, said on Monday they would combine in a corporate consolidation to cut borrowing and operating costs. ETP

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Sunoco Logistics to acquire Energy Transfer Partners, parent of Dakota Access

Energy Financial

ETP and SXL have spent $15 billion in organic growth capital over past several years Sunoco Logistics Partners L.P.(SXL) and Energy Transfer Partners, L.P. announced they entered into merger agreement providing for the acquisition of Energy Transfer Partners by SXL in a unit-for-unit transaction. The transaction was approved by the boards of directors and conflicts

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Concho Resources acquires Northern Delaware Basin assets

Energy Financial

Complementary acquisition adds scale and long-lateral drilling inventory in top-tier Red Hills area MIDLAND, Texas – Concho Resources Inc. says it reached an agreement to acquire approximately 24,000 gross (16,400 net) acres in the northern Delaware Basin for approximately $430 million, according to a press release. The acquired acreage is complementary to the Company’s leasehold position

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Rubicon Oilfield International acquires Top-Co Holdings Inc.

Energy Financial

Combination creates a global oilfield products and equipment company HOUSTON — Rubicon Oilfield International announced it has acquired Top-Co Holdings Inc., a global leader in the supply of oilfield casing, cementing and completion products. Terms of the transaction were not disclosed. This transaction further strengthens Rubicon’s robust portfolio of Well Construction solutions, enabling the organization

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Fitch: US nuclear plants well positioned for decommissioning

Energy Financial

Community opposition to extended decommissioning period could heighten early closure risk and financial exposure NEW YORK – The US nuclear fleet is well positioned to meet the financial obligations of decommissioning, and Fitch Ratings does not expect decommissioning to be a rating issue, according to a press release. The risk is largely alleviated by regulations

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