REUTERS – Goldman Sachs has slashed its 2015 oil price forecasts, making it the most bearish among major financial institutions, adding pressure on Monday to crude futures that have already tanked near 25 percent over the past five months. The U.S. investment bank said rising production will outstrip demand, joining other oil analysts who predict consumption will be dented by
ONEOK Partners, L.P. (OKS) today announced it has agreed to acquire natural gas liquids (NGL) pipelines and related assets from affiliates of Chevron Corporation for approximately $800 million, subject to customary post-closing adjustments. The transaction includes an 80 percent interest in the West Texas LPG Pipeline Limited Partnership (West Texas LPG) and 100 percent interest in the Mesquite Pipeline (Mesquite),
Another U.S. Liquefaction Plant Breaks Ground, Lithuania Says ‘Goodbye Gazprom’ Construction is Underway on Cameron LNG’s U.S. Liquefaction/Export Facility Last week Cameron LNG broke ground on its $10 billion export plant in Hackberry, Louisiana. This sets the company off on a four-year project to build a liquefaction and export facility that will convert U.S. natural gas to liquefied natural gas (LNG) for
Williams (WMB), Williams Partners L.P. (WPZ), and Access Midstream Partners, L.P. (ACMP) today announced that Williams Partners and Access Midstream Partners have entered into a merger agreement. Williams owns controlling interests in the two master limited partnerships (MLP). “This is another big step toward our goal of becoming the leading natural gas infrastructure provider in North America,” said Williams’ Chief Executive
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