Sunday, March 9, 2025

Cheniere Energy Partners Announces $1 Billion Debt Offering

Today, September 11, 2017, Cheniere Energy Partners, L.P. (Ticker: CQP) announced an offering of $1.0 billion principal amount of Senior Notes due 2025. Cheniere Partners plans to use the net proceeds to prepay a portion of the outstanding Term Loan indebtedness under its CQP Credit Facilities, according to a press release. The CQP 2025 Notes will be secured pari passu

Oasis Midstream Announces IPO

Oasis Midstream (Ticker: OMP) announced the initiation of a public offering of 7,500,000 common units with an expected price tag of $19 to $21 per unit. Oasis said it will grant the underwriters a 30-day option to purchase up to an additional 1,125,000 units. The public offering represents 27.3% limited partner interest in Oasis Midstream with the option to increase

Hurricane Harvey Takes 34% of Gulf Refining Offline

Largest drop since 2008 Hurricane Harvey caused the largest drop in Gulf Coast refinery production since 2008, according to a note released by the EIA today. American refineries have been running at or near record highs since April, reaching record total inputs of 17,924 MBBLPD in the week of August 25. However, Hurricane Harvey caused a significant amount of disruption,

Pipeline

BP Moves to IPO Some U.S. Midstream Assets

Eight pipelines included in BP Midstream Partners BP (ticker: BP) announced today the filing of a registration statement with the SEC for an IPO of some of its U.S. midstream assets. BP announced in July it was considering the formation of an MLP to support the company’s strategy to grow its midstream business. The proposed company will be called BP

Shale Supply Chain Tests Frac Revival Post-Harvey

From Bloomberg/Gulf Times Texas shale drillers are finding their supply chain and manpower tested as they work to get back to normal after Hurricane Harvey. Hard-to-travel roads are still making it tough to deliver sand, a key component in fracking, said chief executive officer Bill Thomas of EOG Resources Inc, whose Eagle Ford operations sit about 100 miles inland from

India Renegotiates LNG Deal with Exxon: Oil Minister

From Reuters NEW DELHI (Reuters) – India has renegotiated the pricing of liquefied natural gas (LNG) imported from Australia’s Gorgon project to make the imported fuel affordable to price-sensitive domestic customers, Indian oil minister Dharmendra Pradhan said on Saturday. India has been trying to leverage its position as one of the biggest energy consumers to strike better bargains for its

Shell Discovery Fight Goes to 2nd Circuit: Amnesty International Targets Cravath

From the American Lawyer Amnesty International has zeroed in on Cravath, Swaine & Moore, claiming in a Sept. 8 release that the New York firm is refusing to hand over “critical” evidence in long-running litigation against the oil giant Royal Dutch Shell. Esther Kiobel, the widow of a Nigerian dissident who was executed by his country’s government in the 1990s, wants to