Warren Buffett’s Berkshire Hathaway Inc. on Friday was given federal approval to acquire “up to 50%” of Occidental Petroleum Corp.’s common shares. In the filing to FERC initially in July, Berkshire noted that it already owns 18.72% of the outstanding shares of Oxy, as it is commonly known (No. EC22-87-000). The purchases would be completed…
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Japanese Companies Invest in NatGas-Fired Power Project in Pennsylvania
Two Japanese companies have invested in a natural gas-fired power plant being developed by a subsidiary of the investment firm Ares Management LP in southeast Pennsylvania.
April 18, 2017
Shell Eyes Longterm, Takes Stakes in Three BP Pipelines in GOM
Houston’s Shell Midstream Partners LP has acquired stakes in three of BP plc’s pipeline systems, two that carry crude oil and one for natural gas, to expand its reach in a discovery-heavy area of the eastern Gulf of Mexico.
December 28, 2016
Alberta Fund Buys More of Howard Energy; Seller EnLink Expanding in STACK
Alberta government investment arm Alberta Investment Management Corp. (AIMCo) has agreed to acquire a 28% stake in Howard Energy Partners (HEP) from EnLink Midstream Partners LP. Meanwhile, EnLink said it is investing more in the Oklahoma’s STACK play, the Sooner Trend of the Anadarko Basin, mostly in Canadian and Kingfisher counties.
December 21, 2016
Kinder Morgan Takes Partner in Ohio Ethane Pipeline Project
Kinder Morgan Inc. (KMI) is selling a 50% stake in its Utopia Pipeline Project, which when complete will be a conduit for ethane from Ohio to the Sarnia, ON, petrochemical market. The buyer is Riverstone Investment Group LLC.
June 29, 2016
ENGlobal Wins Contract for Ohio Cryogenic Plant
ENGlobal Corp. has been awarded a $5 million contract to provide engineering and procurement support services for a cryogenic processing plant being built in Carroll County, OH, and owned by Utica East Ohio Midstream LLC (UEO).
July 29, 2013
Japex Takes Stake in BC Gas Resources
Japan Petroleum Exploration (Japex) has agreed to take a 10% stake in the Western Canada natural gas development and production project and associated pipeline and liquefied natural gas (LNG) export projects of Progress Energy Canada Ltd.
March 11, 2013
Japan’s Japex Takes Stake in BC Gas Resources, Export
Japan Petroleum Exploration (Japex) has agreed to take a 10% stake in the Western Canada natural gas development and production project and associated pipeline and liquefied natural gas (LNG) export projects of Progress Energy Canada Ltd.
March 5, 2013
Activist Fund Nominates Five to Hess Board, Urges Shale Spin-Off
Elliott Associates LP, a hedge fund that owns a 4% stake in Hess Corp., is urging other shareholders to elect its five nominees to the company’s board of directors and has called on Hess to spin off its assets in the Bakken, Eagle Ford and Utica shale plays.
January 30, 2013
Activist Fund: Hess Corp. Misplaying a Great Hand
Elliott Associates LP, a hedge fund that owns a 4% stake in Hess Corp., is urging other shareholders to elect its five nominees to the company’s board of directors and has called on Hess to divest from other businesses and spin off its assets in the Bakken, Eagle Ford and Utica shale plays.
January 30, 2013
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