Stake

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 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: 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

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

People

Chesapeake Energy Corp.’s second-largest investor Carl Icahn has increased his stake in the Oklahoma City-based operator to 8.98% from 7.6%, according to a regulatory filing by the company. The activist investor earlier this year pushed for governance changes, including replacing Aubrey McClendon as chairman. Icahn was instrumental in shaking up the board of directors and appointed an associate, Vincent J. Intrieri, as one of four new members (see NGI, June 25).

November 26, 2012
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