trending Market Intelligence /marketintelligence/en/news-insights/trending/gssy202wckz-3f4u6w0wsg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Shell to sell stake in Amberjack oil pipeline to its MLP for $1.22B

Essential Energy Insights - June 11, 2020

Webinar Replay

Deep Dive on Oil & Gas for Financial Institutions

Essential Energy Insights - May 28, 2020

Essential Energy Insights - May 14, 2020

Shell to sell stake in Amberjack oil pipeline to its MLP for $1.22B

Shell Midstream Partners LP agreed to purchase Royal Dutch Shell plc's ownership stake in Amberjack Pipeline Co. LLC, composed of 75% of Amberjack series A and 50% of Amberjack series B shares, for $1.22 billion.

The Amberjack crude oil pipeline, which connects the Gulf of Mexico with delivery points along the Texas and Louisiana coast, moves about 300,000 barrels per day and is expected to transport about 400,000 bbl/d by the end of 2019 through in-field development and expected new projects, according to a May 10 news release. Shippers can transport four crude grades through deliveries into multiple pipelines.

The master limited partnership estimated its share of Amberjack's annualized net income at $120 million and expects that figure to grow to about $145 million by the end of 2018, with a related quarterly dividend of about $40 million.

The deal, Shell Midstream's largest acquisition, is expected to close on or about May 11.

Amberjack Pipeline is a joint venture between Shell and Chevron Corp.'s Chevron Pipe Line.