Thursday, April 24, 2025
Theo T Tanker

U.S. Oil Exports Setting New Records

Exports broke 2 MM for first time last week U.S. exports of crude oil have been reaching new heights, driven by favorable prices and expanding capacity. U.S. exports of oil have been gradually rising since the export ban was lifted in late 2015, but have skyrocketed in the past month. The U.S. sent an average of just under 500 MBOPD

American Midstream Announces $863 Million in Acquisitions

Merger with Southcross creates significant Corpus Christi supplier American Midstream Partners (ticker: AMID) has announced has announced several deals in the past week, for a combined $863 million. On Wednesday, American Midstream announced the acquisition of Southcross Energy Partners (ticker: SXE) and certain assets of Southcross Holdings. According to American Midstream, the transaction will create a fully integrated midstream platform

Baker Hughes Aims Cash at a $3 Billion Share Repurchase; Intends to Issue New Debt

Earlier today Baker Hughes GE (ticker: BHGE) announced that its board authorized Baker Hughes, LLC to repurchase up to $3 billion of its common units from BHGE and GE. According to the company’s press release, BHGE will use the proceeds from the sale of its BHGE LLC common units to repurchase its Class A shares. BHGE also announced its intention for