Latest news with #NGLs
Cision Canada
31-07-2025
- Business
- Cision Canada
Shell completes sale of interest in Colonial Enterprises Inc. to Brookfield subsidiary
HOUSTON, July 31, 2025 /CNW/ -- Shell Midstream Operating LLC (SMUS), a subsidiary of Shell plc ("Shell"), has completed the previously announced sale of its 16.125% interest in Colonial Enterprises, Inc. ("Colonial") to Colossus AcquireCo LLC, a wholly owned subsidiary of Brookfield Infrastructure Partners L.P. and its institutional partners (collectively, "Brookfield"). The divestment reflects Shell's focus on performance, discipline and simplification and enables the company to concentrate on areas where it has scale and competitive advantage. Notes to editors Together with Shell, the co-owners of Colonial Enterprises, Inc., have sold 100% of their Colonial shares to Brookfield. Colonial was previously divided among five partners: Shell Midstream Operating LLC (16.125%), Koch Capital Investments Company, LLC (28.088%); KKR-Keats Pipeline Investors, L.P. (23.443%); La Caisse (16.549%); and IFM Investors (IFM) (15.795%). The sale values Shell's share of Colonial at $1.45 billion, inclusive of approximately $500 million in non-recourse debt and excluding customary closing adjustments. Colonial operates as an independent company and fully owns Colonial Pipeline Company (CPC), a non-operated venture, as well as Colonial Marketing Company. CPC provides oil products transportation services from the US Gulf Coast to the US Atlantic Seaboard. Shell Midstream Operating LLC is an indirect, wholly owned subsidiary of Shell Pipeline Company LP, and the largest pipeline operator in the Gulf of America. It transports 1.5 billion barrels of crude oil, refined products, chemicals and NGLs annually through its vast network of pipelines and tank farms across 12 states and the Gulf of America. The U.S. is a key market for Shell, where it has interests in 50 states and employs more than 11,000 people who work to provide a secure supply of energy today, while tackling the energy challenges of the future. Shell's U.S. portfolio of operated companies and interests consists of oil, natural gas, petrochemicals, lubricants and refined fuel products along with renewables such as wind, solar, and mobility segments like electric vehicle charging. Cautionary Note The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this press release, "Shell", "Shell Group" and "Group" are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ''Subsidiaries'', "Shell subsidiaries" and "Shell companies" as used in this press release refer to entities over which Shell plc either directly or indirectly has control. The terms "joint venture", "joint operations", "joint arrangements", and "associates" may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term "Shell interest" is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. Forward-Looking statements This press release contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as "aim"; "ambition"; ''anticipate''; "aspire", "aspiration", ''believe''; "commit"; "commitment"; ''could''; "desire"; ''estimate''; ''expect''; ''goals''; ''intend''; ''may''; "milestones"; ''objectives''; ''outlook''; ''plan''; ''probably''; ''project''; ''risks''; "schedule"; ''seek''; ''should''; ''target''; "vision"; ''will''; "would" and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks, including climate change; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including tariffs and regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc's Form 20-F and amendment thereto for the year ended December 31, 2024 (available at and These risk factors also expressly qualify all forward-looking statements contained in this press release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this press release, July 31, 2025. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release. Shell's net carbon intensity Also, in this press release we may refer to Shell's "net carbon intensity" (NCI), which includes Shell's carbon emissions from the production of our energy products, our suppliers' carbon emissions in supplying energy for that production and our customers' carbon emissions associated with their use of the energy products we sell. Shell's NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell's "net carbon intensity" or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries. Shell's net-zero emissions target Shell's operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our Scope 1, Scope 2 and NCI targets over the next ten years. However, Shell's operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell's operating plans and outlooks to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target. Forward-Looking non-GAAP measures This press release may contain certain forward-looking non-GAAP measures such as divestments. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc's consolidated financial statements. The contents of websites referred to in this press release do not form part of this press release. We may have used certain terms, such as resources, in this press release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, and any amendment thereto, File No 1-32575, available on the SEC website
Yahoo
30-06-2025
- Business
- Yahoo
ONEOK Second Quarter 2025 Conference Call and Webcast Scheduled
TULSA, Okla., June 30, 2025 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will release second quarter 2025 earnings after the market closes on Aug. 4, 2025. Members of ONEOK's management team will participate in a conference call the following day. What: ONEOK second quarter 2025 earnings conference call and webcast When: 11 a.m. Eastern, Aug. 5, 202510 a.m. Central Where: 1) Phone conference call dial 877-883-0383, entry number 97069042) Log on to the webcast at If you are unable to participate in the conference call or the webcast, the replay will be available on ONEOK's website, for one year. A recording will be available by phone for seven days. The playback call may be accessed at 877-344-7529, access code 4363302. At ONEOK (NYSE: OKE), we deliver energy products and services vital to an advancing world. We are a leading midstream operator that provides gathering, processing, fractionation, transportation, storage and marine export services. Through our approximately 60,000-mile pipeline network, we transport the natural gas, natural gas liquids (NGLs), refined products and crude oil that help meet domestic and international energy demand, contribute to energy security and provide safe, reliable and responsible energy solutions needed today and into the future. As one of the largest integrated energy infrastructure companies in North America, ONEOK is delivering energy that makes a difference in the lives of people in the U.S. and around the world. ONEOK is an S&P 500 company headquartered in Tulsa, Oklahoma. For information about ONEOK, visit the website: For the latest news about ONEOK, find us on LinkedIn, Facebook, X and Instagram. Analyst Contact: Megan Patterson918-561-5325 Media Contact: Alicia Buffer918-861-3749 View original content to download multimedia: SOURCE ONEOK, Inc. Sign in to access your portfolio
New Indian Express
18-06-2025
- Business
- New Indian Express
Why Strait of Hormuz, Iran matter for global oil prices
Iran's central role in the global oil ecosystem is back in sharp focus as escalating tensions with Israel push crude oil prices to their highest levels since September 2023. Brent crude futures surged to $76.74 per barrel on Wednesday, while West Texas Intermediate traded at $73 per barrel by 11:30 PM IST. The spike in prices is driven by fears that the intensifying conflict could disrupt oil flows through the Strait of Hormuz — a maritime chokepoint critical to global energy markets. Iran, a key oil producer in the region, has long threatened to block the Strait if provoked. Even a temporary disruption could send shockwaves across global supply chains. Roughly one in every four barrels of global oil — including exports from Saudi Arabia, the UAE, Kuwait, Iraq, and Iran itself — passes through the Strait of Hormuz. This narrow waterway also serves as the primary route for much of the world's spare production capacity, amplifying the potential global impact of any blockade or military activity. Recent reports of two tankers catching fire near the Strait, later confirmed as a result of a collision, have only deepened market unease. The incident underscores the region's vulnerability to disruptions, both accidental and intentional. According to the International Energy Agency (IEA), Iran currently produces around 4.8 million barrels per day (mb/d) of crude oil, condensates, and natural gas liquids (NGLs), and exports about 2.6 mb/d. Despite stepped-up US sanctions, its crude and condensate exports have held steady at approximately 1.7 mb/d this year, with the bulk going to China. Iran is also a major player in the oil products market, shipping nearly 800,000 barrels per day of fuel oil, LPG, and naphtha since January 2025. Any disruption in Iranian output — whether from military strikes or operational shutdowns — has a direct and immediate bearing on global prices. The IEA confirmed that Iran has partially suspended operations at the South Pars gas field, the world's largest, following an Israeli airstrike-induced fire. It's unclear whether output from Phase 14, which includes 75,000 barrels per day of condensate and comparable volumes of ethane and LPG, has been impacted. Additionally, the Shahran oil depot and refinery near Tehran were reportedly targeted, although initial assessments suggest no significant damage. Meanwhile, Israel has preemptively shut down over 60% of its natural gas production, including the offshore Leviathan field, citing security concerns. Iranian strikes have also reportedly damaged infrastructure at Israel's Haifa refinery. As the region inches closer to a broader confrontation, oil markets remain on edge. For now, flows from Iran remain stable, but with every escalation, the risk premium on crude prices climbs — a stark reminder of why Iran's geopolitical position and energy exports are so crucial to global stability.
Time of India
17-06-2025
- Automotive
- Time of India
Global oil demand to peak at 105.5 mb/d by 2030; EVs to displace 5.4 mb/d: IEA
New Delhi: Global oil demand is projected to rise by 2.5 million barrels per day (mb/d) between 2024 and 2030, reaching a plateau of around 105.5 mb/d by the end of the decade, according to the International Energy Agency's (IEA) latest medium-term outlook released on Tuesday. The report, Oil 2025, states that while demand growth continues, structural changes in global supply and consumption patterns are expected to reshape the oil market over the coming years. Production capacity is forecast to rise by more than 5 mb/d to 114.7 mb/d by 2030, led by growth in natural gas liquids (NGLs) and other non-crude liquids. Electric vehicles are projected to displace 5.4 mb/d of oil demand globally by 2030. Electric car sales reached a record 17 million in 2024 and are expected to surpass 20 million in 2025, the report noted. 'Based on the fundamentals, oil markets look set to be well-supplied in the years ahead – but recent events sharply highlight the significant geopolitical risks to oil supply security,' IEA Executive Director Fatih Birol said. 'The IEA remains deeply committed to working with energy producers and consumers to safeguard energy security.' China, which has been the largest driver of global oil demand for over a decade, is expected to see its consumption peak in 2027 due to increased electric vehicle adoption, high-speed rail expansion, and natural gas-powered trucks. On the supply side, while the US remains the largest contributor to non-OPEC output, its production growth is expected to slow as companies focus on capital discipline. Still, output from the US, Canada, Brazil, Guyana, and Argentina is expected to be sufficient to meet demand growth through 2030. The OPEC+ alliance has started to unwind production cuts, but in the absence of major supply disruptions, oil markets are expected to remain comfortably supplied. The report also indicates that demand for combustible fossil fuels—excluding petrochemical feedstocks and biofuels—could peak as early as 2027. Meanwhile, the petrochemical industry is expected to become the dominant driver of oil demand growth from 2026, consuming one in every six barrels of oil by 2030. The shift toward non-crude liquids is also expected to impact refining. With net refinery capacity projected to exceed demand for refined products by 2030, more shutdowns in refining capacity are likely. The replacement of oil with natural gas and renewables in power generation, particularly in the Middle East and especially Saudi Arabia, is expected to further weigh on oil demand. The IEA report provides a longer-term perspective compared to its monthly Oil Market Report, offering forecasts and trends in oil demand, supply, refining, and trade up to 2030.
Yahoo
14-06-2025
- Business
- Yahoo
Top Oil Stocks With Great Dividends: What Should I Invest In Right Now?
Key Points Enterprise Products Partners pays an attractive distribution and has a highly resilient business. Energy Transfer offers an especially juicy yield and has AI-related growth opportunities. Enbridge is a diversified energy company that has increased its dividend for 30 consecutive years. 10 stocks we like better than Enbridge › As always, The Motley Fool cannot and does not provide personalized investing or financial advice. This information is for informational and educational purposes only and is not a substitute for professional financial advice. Always seek the guidance of a qualified financial advisor for any questions regarding your personal financial situation. If you'd like to submit your question for feedback, you can do so here. Oil stocks have been longtime favorites for investors seeking income. With lower oil prices causing many oil stocks to decline in recent months, their dividend yields have risen. A user on Reddit recently asked which oil stocks with attractive dividends are the best picks right now. There are plenty of good answers to that question, but I think three oil stocks especially stand out. 1. Enterprise Products Partners I think the best oil stocks for income investors right now can be found in the midstream industry. And my favorite midstream stock is Enterprise Products Partners (NYSE: EPD). The limited partnership (LP) operates more than 50,000 miles of pipeline that transports crude oil, natural gas, natural gas liquids (NGLs), petrochemicals, and other refined products. Enterprise Products Partners' forward distribution yield is 6.67%. A high yield can sometimes be a warning sign about underlying business problems. However, that's not the case with this stock. Enterprise has increased its distribution for 26 consecutive years and should be in a great position to keep that streak going. Lower oil prices can cause lower revenue and profits for major oil producers such as Chevron and ExxonMobil. However, midstream leaders such as Enterprise Products Partners charge the same amount to transport liquids through their pipelines no matter what commodity costs are. Enterprise stands above the pack in its industry, in my view, because of its remarkable resilience. The LP has delivered double-digit percentage returns on invested capital (ROIC) and steady cash flow per unit during some of the most difficult periods for the oil and gas industry without missing a beat. 2. Energy Transfer Energy Transfer (NYSE: ET) is another midstream stock that I really like. Like Enterprise Products Partners, Energy Transfer is an LP. It operates an even more extensive network of pipelines spanning over 130,000 miles.
