Energy Transfer Partners LP was dropped from a deal to build a pipeline from Oklahoma to the Texas Gulf Coast when collaborator Enterprise Products Partners LP realized it could make more money with another company, a lawyer told a jury.
Philadelphia Energy Solutions’ Philadelphia refinery will begin a turnaround today that was scheduled for February, after an unplanned outage shut units, according to a person familiar with operations at the site.
Energy Transfer Partners LP wants a share of the $463 million in annual revenue generated by an oil pipeline stretching from Oklahoma to the Gulf of Mexico after Enterprise Products Partners LP allegedly cut it out of a deal to build it.
Regency Energy Partners LP, a pipeline partnership controlled by Energy Transfer Equity LP, agreed to buy two midstream units for about $1 billion to expand in Texas, where crude production has surged.
Traders who profit from acquisitions are betting the bidding war for Southern Union Co. will drive the deal price up more than any other U.S. takeover as Energy Transfer Equity LP and Williams Cos. battle for gas pipelines.
Energy Transfer Partners LP Chief Executive Officer Kelcy Warren flew to Philadelphia near the end of February to discuss a pipeline project with his counterpart at Sunoco Inc. Before the talks were over, he’d decided to buy the whole company for $5.3 billion.
Regency Energy Partners LP, a pipeline partnership controlled by billionaire Kelcy Warren’s Energy Transfer Equity LP, agreed to buy PVR Partners LP for about $3.88 billion in stock and cash to expand its natural gas transport and processing capabilities.