Zenith Energy U.S. said that it has acquired the Long Beach, Dominguez Hills, and Alamitos Terminals – three interconnected terminals located in greater Los Angeles, from Plains All American Pipeline. The financial terms of the deal were not disclosed. Zenith Energy, which is a Houston-based midstream asset company, said that the acquisition shows its commitment to […]
Inter Pipeline has signed an asset exchange deal to acquire the Milk River pipeline system in Alberta, Canada from Plains Midstream Canada, a subsidiary of US-based Plains All American Pipeline. In exchange of this, the Canadian pipeline transport company will transfer its 100% stake in the Empress II straddle plant and 50% stake in the […]
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 […]