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Tag Archives: ArcLight Capital

USVI signs $800M deal to sell shuttered oil refinery

CHARLOTTE AMALIE, U.S. Virgin Islands — The U.S. Virgin Islands has signed an $800 million deal to sell what was once the world’s largest oil refinery to a Boston-based equity firm. The government announced Tuesday that it would receive a $220 million upfront payment from ArcLight Capital Partners’ Limetree Bay Holdings as part of the 25-year deal that is expected to ...

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EQT attracts offers for Dutch oil storage firm Koole – sources

LONDON/FRANKFURT – Swedish buyout group EQT has received offers for its Dutch oil storage group Koole Terminals valuing the business at more than 1 billion euros ($1.1 bln), several people familiar with the deal said. The investor last week collected more than 10 tentative bids, mainly from infrastructure investors, and will now pick several groups to submit final bids, the ...

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American Midstream gas pipeline in Miss., La. to be replaced

VIDALIA, La. — Residents of eastern Louisiana and southwest Mississippi will hear April 13 about plans to upgrade a major natural gas pipeline. American Midstream Partners announced last October that it will build a new natural gas pipeline that will preserve service to thousands of customers from Winnsboro, Louisiana, to Natchez, Mississippi. The company says areas not served by the ...

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American Midstream to invest $300 million in Eagle Ford pipeline system

Zach Koppang | Shale Plays Media The Denver-based pipeline company American Midstream Partners LP has announced that it plans to expand its asset base in the Eagle Ford Shale region by taking on new acquisitions, according to a recent report by the San Antonio Business Journal. The company plans to acquire the Gonzales County full-well-stream gathering system from an affiliate ...

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Midla pipeline debate far from over

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Marissa Hall | Shale Plays Media There is still no resolution to the controversy over the abandonment of the Midla pipeline, according to an article by Cole Avery for the Monroe News-Star. The Federal Energy Regulation Commission (FERC) held a stakeholders meeting last week, but no conclusion could be reached. The 87-year-old pipeline poses a plethora of safety and maintenance ...

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Louisiana Senate passes Midla pipeline bill

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John Bestoloffe, Shale Plays Media The Louisiana Senate passed a bill on Wednesday that would prohibit abandonment of the Midla pipeline, sending the bill onward to Governor Bobby Jindal. Senate Bill 525, spearheaded by Senator Robert Adley (R-Benton), plans for the possibility that the Federal Energy Regulatory Commission permits abandonment of the pipeline beyond Louisiana borders. Per the bill, internal ...

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