Tuesday, December 24, 2024

Once-Treasured Pipelines Face `Culling’ as Drillers Go Bust

From Bloomberg: For years, the pipeline partnerships that kept America’s shale oil and natural gas flowing were the darlings of the energy investment world, thanks to their high payouts and dependable, long-term contracts. Not anymore. Click here to read more.

MLP Investors Face Tax Hit On Top of Big Losses

From The Wall Street Journal: For some energy investors, there are worse things than going to zero. A wave of expected bankruptcy filings and debt restructurings could trigger taxes for investors at a number of energy firms, a doubly unpleasant outcome that has companies searching for a fix. Click here to read more.

China firms push for multi-billion dollar Iran rail and ship deals

From Reuters: Two Chinese firms are pushing for multi-billion dollar deals with Iran to build a high-speed railway and modernize its shipping fleet following the lifting of most sanctions against Tehran, sources with knowledge of the negotiations said. State-run China National Transportation Equipment & Engineering Co Ltd (CTC) is close to finalizing an agreement on the $3 billion rail project