American Midstream receives revised buyout offer from ArcLight
Pursuant to the non-binding proposal, ArcLight would acquire all common units of American Midstream Partners.
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This year the US will import more oil from Canada than all the OPEC countries combined – and 80% of those imports will be heavy oil.
The scope of work includes a new process unit, storage tanks, and interconnecting piping.
The partnership has divested terminals in Texas and Arkansas, US.
Transition follows sale of select refinery assets to Par Pacific.
The agreement is for the sale and purchase of enough natural gas to meet about 15% of Poland's daily needs.
Par Pacific paid US$45 million for the refining assets plus additional amounts for certain hydrocarbon and non-hydrocarbon inventory.
Action previously announced as outcome of strategic review.
The US CPRI rose by 0.2% in November, following a 0.5% decline in October and a 0.2% decline in September.
Following the open season on its Roanoke pipeline expansions, Kinder Morgan Southeast Terminal will receive a US$9 million investment.
