In a landmark decision that’s turning heads in the energy industry, ONEOK, Inc. (NYSE: OKE) and Magellan Midstream Partners, L.P. (NYSE: MMP), two major players in the field, have announced that their respective shareholders and unitholders gave a unanimous nod to their previously announced $18.8 billion merger. The backing by ONEOK shareholders and Magellan Midstream […]
OMERS Investments, the infrastructure investment and management arm of Canadian pension fund OMERS, has signed a deal to acquire 50% stake in BridgeTex crude oil pipeline from Plains All American Pipeline and Magellan Midstream Partners for $1.438 billion. The BridgeTex crude oil pipeline system in Texas transports 400,000 barrel-per-day (bpd) of crude oil sourced from […]
