Investment funds managed by Morgan Stanley Energy Partners have made a “majority equity investment” for an undisclosed amount in Durango Midstream, to support Durango’s midstream businesses in the Midcontinent region of the U.S.
Commodity trading firm Trafigura will invest in a second liquefied natural gas (LNG) floating storage and regasification (FSRU) import terminal in Pakistan, as growing demand in the country is expected to lead to a 19 million tonnes per annum (MTPA) LNG supply shortage.
Swedish utility Vattenfall has expanded the operation lifetime at two reactors at Ringhals nuclear power plant beyond the 2020s thanks to a safety upgrade investment worth 900 million Swedish kronas ($107 million).
Irving, Texas-based Silver Creek Midstream, focused on providing crude and liquid petroleum gathering, storage, and terminalling in the Permian and Powder River basins, has secured a $150 million commitment from Dallas-based private equity firm Tailwater Capital.
Offshore oil drilling and oilfield services (OFS) companies, hurt by the energy industry’s move to lower-cost shale and away from deepwater projects, are dominating 2017’s North America energy bankruptcies, according to law firm Haynes and Boone.