Phillips 66 said on Friday it acquired all publicly held units of DCP Midstream LP in a sweetened deal that values the pipeline operator at about $8.7 billion and will help bulk up the U.S. refiner’s natural gas liquids business. The deal, the first major move by Mark Lashier who took over as chief executive…
Lessor BOC Aviation Repossesses 747-8 Cargo Plane From Russian Operator
A Boeing 747-8 freighter leased to Russia’s AirBridgeCargo has flown to California from Hong Kong, according to FlightRadar24, after a U.S. judge signed an order allowing lessor BOC Aviation Ltd. to repossess it. The order was unsealed and made public on Tuesday, court documents showed and the aircraft arrived in the United States on March…
Dakota Access Pipeline Operator Faces $93,000 in Fines, Transportation Department Says
The operators of the Dakota Access pipeline will face $93,200 in fines due to safety violations, according to a Friday Department of Transportation Pipeline and Hazardous Materials Safety Administration notice. Energy Transfer, the company that operated the Dakota Access pipeline, violated regulations in at least six locations because the valves used for drainage of stormwater…
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