Laredo Petroleum confirms potential Medallion Pipeline sale
Published by Stephanie Roker,
Editor
World Pipelines,
Laredo Petroleum, Inc. (Laredo or the company) has confirmed that Medallion Gathering & Processing, LLC (MGP), the sole owner of the Medallion-Midland Basin pipeline system, has initiated a process to potentially sell 100% of the ownership interests in MGP.
Laredo’s wholly-owned subsidiary Laredo Midstream Services, LLC owns 49% of the ownership interests in MGP.
At this time, there can be no assurance that such potential sale will ultimately be consummated or, if consummated, the specific terms of such sale. Laredo anticipates that it will have no further comments on this potential transaction until such time as a deal is consummated, if applicable.
Read the article online at: https://www.worldpipelines.com/business-news/24072017/laredo-petroleum-confirms-potential-medallion-pipeline-sale/
You might also like
World Pipelines Podcast: Going global with IPLOCA
In this episode, Elizabeth Corner speaks to Georges Hage, Executive Secretary at IPLOCA, about IPLOCA's insights on the culture and characteristics of the pipeline contractor community, and how it works to support sustainable energy infrastructure.
Construction begins on Greensand’s carbon dioxide transit terminal at Port Esbjerg
When the tanks are full, the liquefied carbon dioxide will be loaded onto a dedicated carrier from Royal Wagenborg and shipped to the INEOS Nini platform in the Danish North Sea. From there, it will be safely injected via pipeline into subsurface reservoirs approximately 1800 m beneath the seabed for permanent storage.
