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Energy Transfer completes acquisition of Crestwood Equity

Energy Transfer has strengthened its position in the midstream sector with the acquisition of rival Crestwood Equity Partners. ....

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Mubadala joins EIG-led consortium to acquire stake in Aramco pipeline

Mubadala joins EIG-led consortium to acquire stake in Aramco pipeline
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Abu Dhabi sovereign investor Mubadala Investment has reportedly joined the EIG Global Energy Partners-led group to purchase Saudi Aramco’s stake in newly formed crude oil pipeline entity.
As per the deal, the consortium agreed to acquire Aramco’s 49% stake in newly formed Aramco Oil Pipelines Co for approximately $12.4bn.
Saudi Aramco, however, will retain a 51% stake in the new company, which is valued at around $25.3bn.
Aramco Oil Pipelines will operate all the existing and future stabilised crude pipelines of Saudi Aramco in Saudi Arabia. These pipelines connect oilfields to downstream networks. ....

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Tanzania inks host agreement for East African oil pipeline project

Tanzania has signed the HGA with Total-led joint venture to launch the East African Crude Oil Pipeline Project (EACOP). ....

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Tanzania, Uganda sign key pact to enable construction on EACOP pipeline

Tanzania, Uganda sign key pact to enable construction on EACOP pipeline
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