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Saudi Aramco Signs $12.4 Billion Pipeline Deal with EIG-led Consortium

2021-04-10 01:05:00| OGI

The EIG-led group signed a lease and lease-back agreement with Aramco, acquiring the equity stake in the newly formed Aramco Oil Pipelines Co.

Tags: deal signs billion saudi

 

US Army Corps to Allow Dakota Access Pipeline to Stay Open During Review

2021-04-09 21:11:23| OGI

The move leaves the decision on shutting down the pipeline with the U.S. District Court of the District of Columbia.

Tags: review open access stay

 
 

Fate of Dakota Access Pipeline at Stake at Friday Court Hearing

2021-04-08 20:10:00| OGI

The market has been increasingly worried about a possible shutdown of the Dakota Access pipeline, which ships up to 570,000 barrels of North Dakota's crude oil production to the U.S. Midwest and Gulf Coast.

Tags: access friday court hearing

 

Phillips 66 Partners Cancels Rockies, Bakken Oil Pipeline Project

2021-04-07 22:25:00| OGI

The roughly $1.6 billion project, which was proposed to support oil production growth in the Rockies and the Bakken shale regions, had been put on hold more than a year ago.  

Tags: project partners oil phillips

 

BlackRock, Brookfield No Longer in Race for $10 Billion Aramco Pipeline Deal

2021-04-06 20:45:00| OGI

Apollo Global Management and New York-based Global Infrastructure Partners (GIP) are among the bidders still in the race to buy a stake in Saudi oil giant Aramcos pipeline business, which could fetch over $10 billion, sources says.

Tags: longer deal race billion

 

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