Saturday, January 25, 2025

Petrobras and Total Sign MOU for International Cooperation on Upstream and Downstream Projects

Petrobras and Total partnership to focus on upstream, gas and power The heads of Brazil’s state-owned Petrobras (ticker: PBR) and French oil major Total (ticker: TOT) announced today that the two companies signed a memorandum of understanding (MOU) to cooperate with one another on upstream and downstream projects. The first phase of implementation will focus on upstream and on gas

A Nine-Year High for Short Positions in U.S. Crude Oil Futures and Options

Short positions in crude oil futures and options held by producers, merchants, processors, and users (PMPU) totaled 608,261 as of October 11, 2016, according to the CFTC’s Commitments of Traders Report. The PMPU category represents futures and options contracts held by commercial businesses that trade the physical commodity. According to EIA, this represents a nine-year high for short positions in

Pipeline

A $2 Billion MLP: American Midstream Partners – JP Energy Merger

ArcLight Capital Partners combines two of its sponsored MLPs into one entity American Midstream Partners (ticker: AMID) announced that it will merge with JP Energy Partners (ticker: JPEP) in a unit-for-unit deal, forming an MLP with a $2 billion enterprise value, according to the company’s press release Monday. Both companies are sponsored by ArcLight Capital Partners, which will combine the