Houston-based Phillips 66 (NYSE: PSX) and Singapore-based Trafigura Group Pte. Ltd announced a joint venture Feb. 28 to build a terminal capable of loading very large crude carriers off the coast of Corpus Christi, Texas. The two companies are awaiting permitting for the project, known as Bluewater Texas Terminal LLC, and plan to make a final investment […]
Houston-based CenterPoint Energy Inc. (NYSE: CNP) will sell its natural gas retail business to a private equity firm for about $400 million, according to a Feb. 24 press release. Energy Capital Partners LLC is buying CenterPoint Energy Services Inc. in the deal, which is expected to close in the second quarter of 2020. CenterPoint plans […]
Houston-based NextDecade Corp. (Nasdaq: NEXT) has reached a deal to sell its Rio Bravo Pipeline Company LLC to Canada-based midstream giant Enbridge Inc. (NYSE: ENB) for up to $25 million in cash. The proposed Rio Bravo Pipeline would transport 4.5 billion cubic feet per day of natural gas from the Agua Dulce area to NextDecade’s proposed Rio […]