Wednesday, March 12, 2025

DNO Makes Cretaceous Oil Discovery at Peshkabir Field in Iraq

From EBR Norwegian oil and gas operator DNO has made oil discovery in the Peshkabir-2 well which is being drilled in the Kurdistan region of Iraq. Oil was discovered in the Cretaceous horizon in the Peshkabir field located in the Tawke license. The company said that the well flowed at a stable rate of 3,800 barrels of 28° API oil per

BUCKEYE PARTNERS, L.P. ANNOUNCES CLOSING OF $1.15 BILLION ACQUISITION OF 50% EQUITY INTEREST IN VTTI B.V.’s GLOBAL MARINE TERMINAL BUSINESS

Buckeye Partners, L.P. (“Buckeye”) (NYSE: BPL) announced today that it has completed its $1.15 billion purchase of a 50 percent equity interest in VTTI B.V. (“VTTI”), which will be owned jointly with Vitol. 1 VTTI owns and operates 54.5 million barrels2 of petroleum products storage across 14 terminals. VTTI offers world-class storage and marine terminalling services for refined products, liquid

Boardwalk Prices $500 Million Offering Of Senior Notes

Boardwalk Pipeline Partners, LP (BWP) today announced that its wholly-owned subsidiary, Boardwalk Pipelines, LP (“Boardwalk”), has priced a public offering of $500 million aggregate principal amount of 4.450% senior notes due 2027. Boardwalk expects the offering to close on January 12, 2017, subject to customary closing conditions. Boardwalk intends to use the net proceeds of approximately $494.1 million from this

Southcross Energy Announces Leadership Change

Southcross Energy Partners, L.P. (SXE) (“Southcross”) and Southcross Holdings LP (“Holdings”) announced today a consolidation of the roles of Chairman and Chief Executive Officer of their respective general partners.  Bruce A. Williamson, currently the Executive Chairman of Holdings and a director of the Southcross general partner, has been named President and Chief Executive Officer of both Holdings and Southcross’ general

Energy Transfer Partners, L.P. Announces Private Placement of $568 Million of Common Units with Energy Transfer Equity, L.P.

Energy Transfer Partners, L.P. (ETP) today announced that it has entered into a definitive agreement with Energy Transfer Equity, L.P. (ETE) in connection with a private placement of common units representing limited partner interests in ETP pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. The closing of the transaction, which is scheduled to occur on January