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Released November 13, 2019 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
FINANCIAL
Targa Resources Finds Buyer for Permian Assets - Targa Resources (NYSE:TRGP) has found a buyer for its crude oil gathering assets in the Permian Basin of West Texas. Pipeline operator Oryx Midstream bought Targa's Permian Basin crude oil gathering pipelines and storage terminals in a $135 million deal, attorneys for both companies confirmed. (Houston Chronicle)
Reuters: Occidental Seeks to Sell Anadarko Assets in Colorado, Wyoming - Occidental Petroleum (NYSE:OXY) is soliciting bids for oil and gas properties in Wyoming and Colorado that it acquired when it purchased Anadarko Petroleum, hoping the assets will fetch up to $700 million, people familiar with the matter tell Reuters. (Reuters)
PIPELINES
BP Midstream Considers Expanding Mars Pipeline in Gulf of Mexico - BP Midstream Partners LP is considering expanding its Mars crude oil pipeline to accommodate new volumes from offshore oil fields, Chief Financial Officer Craig Coburn said on Tuesday. The Mars pipeline, which has a mainline capacity of about 400,000 barrels per day, would potentially be expanded to ship increased crude volumes from Gulf of Mexico fields. BP Midstream owns a 28.5% interest in the pipeline, while Shell Midstream Partners holds a majority stake. (Pipelines 3528582, 3526993, 3508045) (Reuters)
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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
FINANCIAL
Targa Resources Finds Buyer for Permian Assets - Targa Resources (NYSE:TRGP) has found a buyer for its crude oil gathering assets in the Permian Basin of West Texas. Pipeline operator Oryx Midstream bought Targa's Permian Basin crude oil gathering pipelines and storage terminals in a $135 million deal, attorneys for both companies confirmed. (Houston Chronicle)
Reuters: Occidental Seeks to Sell Anadarko Assets in Colorado, Wyoming - Occidental Petroleum (NYSE:OXY) is soliciting bids for oil and gas properties in Wyoming and Colorado that it acquired when it purchased Anadarko Petroleum, hoping the assets will fetch up to $700 million, people familiar with the matter tell Reuters. (Reuters)
PIPELINES
BP Midstream Considers Expanding Mars Pipeline in Gulf of Mexico - BP Midstream Partners LP is considering expanding its Mars crude oil pipeline to accommodate new volumes from offshore oil fields, Chief Financial Officer Craig Coburn said on Tuesday. The Mars pipeline, which has a mainline capacity of about 400,000 barrels per day, would potentially be expanded to ship increased crude volumes from Gulf of Mexico fields. BP Midstream owns a 28.5% interest in the pipeline, while Shell Midstream Partners holds a majority stake. (Pipelines 3528582, 3526993, 3508045) (Reuters)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
