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Stock Market & Financial Investment News

News Breaks
December 13, 2012
10:03 EDTNS, COPNuStar Energy to expand Eagle Ford crude oil pipeline system
NuStar Energy (NS) announced that it has entered into a long-term Pipeline and Terminal Services Agreement with ConocoPhillips (COP) that will allow expansion of NuStar's South Texas Crude Oil Pipeline System. The agreement will include a pipeline expansion project for NuStar that will allow NuStar to serve ConocoPhillips' growing production in the Eagle Ford Shale play, and new pipeline and terminal facilities will provide Eagle Ford producers with a cost-effective transportation alternative for their growing production. Anastasio stated that NuStar expects to invest approximately $100M-$120M for these expansions, which are backed by a 10-year throughput commitment. According to Anastasio, the projects are expected to generate approximately $15M in incremental, annual EBITDA once fully implemented. He noted that while the expansions would generate some EBITDA in 2013, the vast majority will be earned in 2014 and beyond.
News For NS;COP From The Last 14 Days
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July 21, 2014
08:16 EDTCOPFMC Technologies signs agreement to develop susbsea equipment and systems
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07:42 EDTCOPThe Federal Energy Regulatory Commission (FERC) to hold a meeting
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July 16, 2014
12:06 EDTCOPConocoPhillips volatility flat into Q2 and outlook
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July 10, 2014
09:13 EDTCOPConocoPhillips raises quarterly dividend 5.8% to 73c per share
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