Andeavor

Marathon Petroleum Corp.’s two master limited partnerships (MLP) MPLX LP and Andeavor Logistics LP agreed Wednesday to combine in a transaction with an estimated equity value of $9 billion to enhance midstream prospects across the Lower 48.

North Dakota regulators on Wednesday approved the conversion of a 42-mile portion of a crude oil pipeline to carry natural gas liquids (NGL) under a project by a unit of San Antonio-based Andeavor Logistics.

Findlay, OH-based Marathon Petroleum Corp.’s (MPC) CEO last Thursday introduced a revamped executive team to take over once its multi-billion-dollar merger with Andeavor is completed.

Northeast midstream giant MPLX LP produced a record 395,000 b/d of ethane and heavier natural gas liquids in the Marcellus and Utica shales during the first quarter of 2018, up 18% year/year, President Michael Hennigan said Monday.

Marathon Petroleum Corp. on Monday agreed to take over Andeavor, a combination that would create a powerful U.S. refining, marketing and midstream company that, among other things, builds a massive Permian Basin footprint.

San Antonio-based Andeavor has acquired the Kenai liquefied natural gas (LNG) facility in Alaska from ConocoPhillips, which had been trying to sell the facility for more than a year.

With refining assets within proximity of the U.S.-Mexico border, San Antonio-based Andeavor is eyeing Mexico to expand its marketing efforts.

Touting more integration and geographic diversity with the completion of its$5.8 billion purchase of Western Refining Inc., Tesoro Corp. and Tesoro Logistics LP (TLLP) are becoming Andeavor and Andeavor Logistics LP, respectively, effective Aug. 1.