Genesis completes acquisition of Enterprise offshore pipeline and services business

Genesis Energy LP (NYSE: GEL) has completed the acquisition of Enterprise Products Partners LP’s offshore pipeline and services business from Enterprise and its affiliates previously announced on July 16. The purchase price was approximately $1.5 billion.

The Enterprise offshore business serves some of the most active drilling and development regions in the US, including deepwater production fields in the Gulf of Mexico offshore Texas, Louisiana, Mississippi, and Alabama. The Enterprise offshore business assets will complement and substantially expand Genesis’ existing offshore pipelines segment.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...