US midstream firms Energy Transfer and SemGroup sign $5.1bn merger deal

first_img Energy Transfer to acquire rival midstream company SemGroup (Credit: Pixabay) Texas-based Energy Transfer has agreed to acquire rival US midstream company SemGroup for about $5.1bn (£4.11bn) in a stock-cum-cash deal.The total consideration includes the assumption of the Oklahoma-based SemGroup’s debt by Energy Transfer.Through the acquisition, Energy Transfer will increase its scale in multiple regions and will gain increased connectivity for its crude oil and NGL transportation operations.The Texan midstream company will also strengthen its crude oil transportation, terminalling and export capabilities significantly by adding SemGroup’s Houston Fuel Oil Terminal (HFOTCO), which has a crude oil storage capacity of 18.2 million barrels.Energy Transfer expects to build a new crude oil pipeline called the Ted Collins Pipeline that will connect HFOTCO to the company’s Nederland Terminal.The merger with the Oklahoma-based midstream company will also expand Energy Transfer’s crude oil and NGL infrastructure. This will be through the addition of crude oil gathering assets in the DJ Basin, the Anadarko Basin, and also crude oil and natural gas liquids pipelines between the two basins with crude oil terminals in Cushing, Oklahoma.The acquisition is also expected to give Energy Transfer a substantial crude oil gathering and transportation footprint in the Alberta Basin in western Canada.Terms of the Energy Transfer, SemGroup merger dealAs per the terms of the deal, the Texan midstream company is offering to buy SemGroup for $17 (£13.69) per share through a combination of $6.80 (£5.48) in cash and 0.7275 of its shares. Upon closing of the transaction, SemGroup’s shareholders are expected to own nearly 2.2% of Energy Transfer’s outstanding common units.SemGroup CEO Carlin Conner said: “This strategically and financially compelling combination will result in SemGroup joining one of the largest midstream energy companies in the country, with a strong footprint in all major U.S. production basins.“The combined entity’s size, scale and financial profile will ensure that SemGroup’s assets, including our Gulf Coast terminal, mid-continent footprint and our Canadian joint venture SemCAMS Midstream, benefit from significant growth well into the future. We look forward to leveraging the increased pipeline connectivity and expanded terminalling infrastructure that the combined entity provides.”Subject to the approval by SemGroup’s shareholders and other customary regulatory approvals, the transaction is likely to be completed in late 2019 or early 2020.Earlier this year, Energy Transfer commissioned the Mariner East 2 pipeline, a 563km long underground natural gas liquids (NGLs) pipeline laid across Ohio, West Virginia and Pennsylvania. Energy Transfer’s acquisition of SemGroup will increase its scale in multiple regions while giving it increased connectivity for its crude oil and NGL transportation businesseslast_img read more

EVENT TO FOCUS ON CONNECTING BUSINESSES WITH OPPORTUNITIES

first_imgFacebookTwitterCopy LinkEmailShare Chamber To Connect Small And Diverse Businesses With larger Corporations EVANSVILLE, Ind. (April 8, 2016) – The Southwest Indiana Chamber Diverse Business Alliance will host an event to facilitate connections between small and diverse businesses and larger corporations. The event is designed to build awareness of immediate and future opportunities for small and diverse businesses to bid on projects, particularly in the construction field.Companies in attendance include Tropicana, Evansville-Vanderburgh School Corporation, Evansville Regional Airport, the City of Evansville, Regional Cities Initiative project partners, and more.The event will take place at Tropicana Conference Center on from 4 to 6 p.m. on Thursday, April 28.“The Southwest Indiana Chamber is committed to creating an environment that fosters inclusion and celebrates diversity,” said Christy Gillenwater, President and Chief Executive Officer of the Southwest Indiana Chamber. “Our Diverse Business Alliance exists to create education, mentorship, and networking opportunities that are bolstering the success of diverse businesses in Southwest Indiana, and in turn making our region a more vibrant and dynamic place to work, live, and grow a business.”There is no cost for small businesses to participate in this event and Southwest Indiana Chamber membership is not required. For more information, visit www.swinchamber.com.About Southwest Indiana ChamberSince 1915, the Southwest Indiana Chamber has been a trusted ally of the regional business community. Today we are one of the state’s largest, strongest, and most impactful nonprofit business organizations, representing a total membership of nearly 1,500 businesses, organizations, and agencies. About one-third of members have invested in our organization for 10 or more years and 71% of our member businesses have 25 or fewer employees. Our initiatives include Tri-State Manufacturers’ Alliance, Tri-State World Trade Network, Young Professionals Alliance, Diverse Business Alliance, Family Business Alliance, Posey County Alliance, Downtown Alliance, and Nonprofit Alliance.Learn more about the Chamber, our members, and the Southwest Indiana regional business community at www.swinchamber.com.last_img read more

Premier Foods pursues Power Brands strategy

first_imgPremier Foods will be doubling its marketing spend on its eight Power Brands in order to drive recovery and growth for the next financial year.The company also announced in a statement this morning that, in order to achieve its cost reduction target of a £40m saving by 2013, it will be cutting 600 jobs – 5% of its 12,000 employees. A company spokesperson was unable to confirm in which areas of the business job losses would occur, but said it was likely to be announced later in the year.As part of its future growth plan and 2011 trading review, the firm announced this morning (17 January)  that it will be looking invest in its core brands, with plans for TV advertising for six of the Power Brands in the first quarter, including Mr Kipling and Hovis.The Mr Kipling range has recently undergone a revamp, with ‘refreshed’ packaging and a new TV advertising campaign due to start in February. The company has also invested in its Hovis bread, with new packaging featuring a Union Jack flag and an eye-catching blue band, in addition to a £1m spend on a TV ad campaign.Michael Clarke, chief executive officer for Premier Foods, said: “We continue to deliver on our plans to stabilise the business and invest in our recovery and future growth. While decisions to reduce the workforce are always difficult, I’m convinced we are taking the right steps in the long-term interests of the business, employees and our stakeholders.”The group also confirmed that its key Christmas trading period was in line with its expectations, with management expecting its overall financial results to be at the lower end of current market expectations. Discussions with the company’s banks over a refinancing package continue to make progress and it is anticipated that an appropriate agreement will be reached soon.The company has also extended its cake brand with a new selection of British ‘Sweetshop Specials’ in the range. The new cakes aim to build on Mr Kipling’s Inspirations, featuring Fruit Salad Mini Batts and a Pineapple Slice, available in the new snap pack format.last_img read more

How can bakeries deal with a shortage of dust masks?

first_imgHealth chiefs have issued guidance for bakeries struggling to source dust masks as the Covid-19 outbreak pushes up demand for protective personal equipment (PPE).With a shortage of masks in many parts of the food industry, the Health & Safety Executive (HSE) has said suitable flour dust control can be achieved using good working practices and local exhaust ventilation.HSE guidance states PPE with an assigned protection factor (APF) of 20 should be used to protect workers from flour dust.If employers expected to run out of supplies of APF 20 equipment – and couldn’t source it from elsewhere – HSE advised they should carry out a COSHH (Control of Substances Hazardous to Health) risk assessment to identify the additional dust exposure minimising measures in place and ensure the risk to workers would not be increased by providing PPE with an APF of 10.HSE said PPE with an APF of 10, used in a combination of the below measures might control exposure to as low as reasonably possible and meant that a business was complying with Regulation 7 of the COSHH requirements.The additional measures should include:Using non-stick coatings on conveyor belts and greaseproof paper on trays instead of flouring the surfacesUsing low-dust flours as a lubricant and for dustingUsing flour improvers in paste or liquid form instead of powder to reduce the airborne dust generated when adding ingredientsSeparating the weighing and dispensing of flour and powdered ingredients from the remainder of the production area, using enclosures to contain the flour dust and minimise its spreadUsing mixers with lids to contain the dust at the start of mixing cyclesUsing effective, adequately designed and maintained local exhaust ventilation for dusty tasks, such as bulk flour sieving, dispensing, weighing and tipping powdered ingredientsEnsuring all workers had been provided with information, instruction and training on careful flour handling techniquesEnsuring supervision of all workers to carry out the careful flour working techniques and minimise their exposure to flour dust, as well as raising any concerns or defects immediately.The HSE said it would continue to investigate reports of occupational asthma and could not guarantee it would not prosecute.“We will, however, continue to take decisions on enforcement action in accordance with our publicly available Enforcement Policy Statement, which requires that prosecution, must be both proportionate to the seriousness of the breach and in the public interest,” stated the executive.“Employers that can demonstrate effective control of risks with the appropriate combination of good working practices, engineering control and PPE are not likely to face enforcement action.“We are working across government and with industry on the response to Covid-19 by agreeing sensible and pragmatic approaches to workplace safety that ensure essential services continue.”HSE pointed out that the guidance is temporary and limited to the duration of the Covid-19 crisis, and that it is responding to current challenges faced by the baking industry, in respect of the potential for temporary unavailability of PPE used to protect workers from food ingredient dusts.HSE has also given advice on optimising stocks of suitable PPE:Only provide PPE to those workers who need it.Issue PPE specific to the level of risk for specific tasks i.e. use PPE with an APF of 10 where the level of flour dust exposure is lowerProvide instruction on maximising the use life of all PPE, by ensuring adequate user checks, cleaning and storage.For more on the dangers of dust exposure, see this British Baker report.last_img read more

Listen To Break Science’s Exciting New Mix Of “Reno” From The Brooklyn Bowl [Premiere]

first_imgThere’s no denying the excitement that comes along with a Break Science show. The fusion between Adam Deitch and Borahm Lee never fails to incite a dance party celebration, with in-the-pocket grooves that leave the whole crowd wanting more.The duo are set to host two Live Band performances at the Brooklyn Bowl this weekend, with Jesus Coomes, Adam “Shmeeans” Smirnoff, Eric “Benny” Bloom and Ryan Zoidis contributing to the musical fusion. The two shows, on December 16th with Exmag and Chris Karns and December 17th, with Jaw Gems and Chris Karns, are sure to be power packed with great hip hop influenced grooves throughout the weekend.In anticipation of the upcoming Bowl shows, the band members looked back to their last performance at the famed Brooklyn venue and found a great track to share. The two offered up a new mix on their classic Break Science jam “Reno,” delivered with a uniquely dreamlike approach. Says Deitch, “We released our newest mix of Reno because it’s an old school classic BrkSci track. We believe the fans that have stuck with us over the years deserve that chill fire we’ve been developing during our career. We never fit into a major category of Electronic music because our tastes are not influenced by trends. This one is for the true heads that wanna bop their head while having the sonic textures envelope them into a dream like state…”You can catch the newest BrkSci mix of “Reno” in the player below.We can’t wait to get down with the Break Science Live Band this weekend! For tickets and more information about the shows, click here for December 16th, and click here for December 17th.last_img read more

Watch All-Star Musicians Mash Up Led Zeppelin & P-Funk During Jazz Fest

first_imgFocused on mashing up Led Zeppelin and Parliament Funkadelic tunes, Turkuaz drummer Michelangelo Carubba brought a cast of all-stars together late night on Sunday for an amazing performance at New Orleans’ Maison on Frenchmen Street. Along with his Turkuaz bandmate Shira Elias, Carubba tapped Roosevelt Collier, Brandon “Taz” Niederauer, Rob Walker (The Main Squeeze), Steve Swatkins (Allen Stone), Mike “Maz” Maher (Snarky Puppy), Chris Bullock (Snarky Puppy), Elise Testone, Jessica Jones, Joanna Teters, Papa Mali, Eddie Roberts (The New Mastersounds), and Khris Royal for the special tribute show.The Maison was rocking ’til around 4:30 a.m. with this wild and woolly tribute to the two musically different but culturally similar bands, and fans were still begging for more after the last notes and band’s introductions had finished. With highlights like Carruba’s own thunderous take on “Moby Dick”, Collier and Taz’s back and forth throughout the show, Papa Mali’s and Eddie Roberts’ fiery respective sit-ins, and the vocal fireworks of the front four—Shira Elias, Elise Testone, Jessica Jones and Joanna Teters—throughout the night, it was hard to blame fans wanting the music to continue. Oh, and as always, Steveland Swatkins was easily the most energetic and purely happy musician that has ever stepped on a stage, and his enthusiasm was clearly contagious to his fellow players.We’ve got some video highlights from the Z-Funk tribute for you below, including the closing mash-up of “Give Up The Funk”, “Ramble On”, and “Whole Lotta Love”, that shows exactly why this show was so special. Enjoy!Setlist: Z-Funk: A Tribute To Led Zeppelin & Parliament Funkadelic | Maison | New Orleans, LA | 4/29/2018Set: Song Remains the Same, P-Funk (Wants To Get Funked Up), Mothership Connection, Flashlight > Trampled Under Foot > Immigrant Song, Supergroovalisticprosifunkstication, Red Hot Mama, No Quarter, When The Levee Breaks, Moby Dick, Unfunky UFO, Handcuffs, Give Up The Funk (Tear The Roof Off The Sucker) > Ramble On > Give Up The Funk > Whole Lotta Love“Give Up The Funk (Tear The Roof Off The Sucker)” > “Ramble On” > “Give Up The Funk” > “Whole Lotta Love”“When The Levee Breaks”“Unfunky UFO”“No Quarter”last_img read more

Canned soup linked to high levels of BPA

first_imgA new study from researchers at the Harvard School of Public Health (HSPH) has found that a group of volunteers who consumed a serving of canned soup each day for five days had a more than 1,000% increase in urinary bisphenol A (BPA) concentrations compared with when the same individuals consumed fresh soup daily for five days. The study is one of the first to quantify BPA levels in humans after ingestion of canned foods.The findings were published online November 22, 2011, in the Journal of the American Medical Association (JAMA) and will appear in the November 23/30 print issue.“Previous studies have linked elevated BPA levels with adverse health effects. The next step was to figure out how people are getting exposed to BPA. We’ve known for a while that drinking beverages that have been stored in certain hard plastics can increase the amount of BPA in your body. This study suggests that canned foods may be an even greater concern, especially given their wide use,” said Jenny Carwile, a doctoral student in the Department of Epidemiology at HSPH and lead author of the study.Exposure to the endocrine-disrupting chemical BPA, used in the lining of metal food and beverage cans, has been shown to interfere with reproductive development in animals and has been linked with cardiovascular disease, diabetes, and obesity in humans. In addition to the lining of food and beverage cans, BPA is also found in polycarbonate bottles (identified by the recycling number 7) and dentistry composites and sealants.The researchers, led by Carwile and Karin Michels, associate professor in the Department of Epidemiology, set out to quantify whether canned-soup consumption would increase urinary BPA concentrations relative to eating fresh soup.They recruited student and staff volunteers from HSPH. One group consumed a 12-ounce serving of vegetarian canned soup each day for five days; another group consumed 12 ounces of vegetarian fresh soup (prepared without canned ingredients) daily for five days. After a two-day “washout” period, the groups reversed their assignments.Urine samples of the 75 volunteers taken during the testing showed that consumption of a serving of canned soup daily was associated with a 1,221% increase in BPA compared to levels in urine collected after consumption of fresh soup.The researchers note that the elevation in urinary BPA concentrations may be temporary and that further research is needed to quantify its duration.“The magnitude of the rise in urinary BPA we observed after just one serving of soup was unexpected and may be of concern among individuals who regularly consume foods from cans or drink several canned beverages daily. It may be advisable for manufacturers to consider eliminating BPA from can linings,” said Michels, senior author of the study.Support for this study was provided by an Allen Foundation grant and a Training Grant in Environmental Epidemiology from the National Institute of Environmental Health Sciences.“Canned Soup Consumption and Urinary Bisphenol A: A Randomized Crossover Trial,” Jenny L. Carwile, Xiaoyun Ye, Xiaoliu Zhou, Anotonia M. Calafat, Karin B. Michels, JAMA, online Nov. 22, 2011; in Nov. 23/30 print issue.last_img read more

EMC Wins Hybrid Cloud Trifecta

first_imgAcquisitions can be a bit like buses…you wait around for an hour and then, suddenly, three show up at once.  That’s what happened today at EMC.  We announced a three-acquisition convoy to accelerate our customers’ adoption of hybrid cloud.Unless you’ve been buried in datacenter sans-Internet for the last few years, you know of the excitement surrounding the emergence of OpenStack, an open source project that enables users to build infrastructure clouds by virtualizing and controlling pools of compute, storage and network resources. The first EMC acquisition announced today is San Francisco-based Cloudscaling, a leading provider of OpenStack-powered Infrastructure-as-a-Service (IaaS) for private and hybrid cloud solutions.  In case you didn’t know, Cloudscaling CEO Randy Bias and team also happen to be founding members of the OpenStack Foundation.Cloudscaling’s Open Cloud System (OCS) provides an operating system to manage compute, storage and networking in the cloud, and supports a new generation of cloud-based applications that provides the agility, performance and economic benefits of leading public cloud services, but it is deployed in customer data centers and, therefore, remains under the control of IT. The addition of Cloudscaling will provide EMC customers with multiple options for running private and hybrid clouds and will heElp EMC accelerate its OpenStack-powered infrastructure offerings.  We have some pretty exciting things planned over the next year, so stay tuned for more updates on EMC’s OpenStack strategy.  The Cloudscaling team will join CJ Desai’s Emerging Technologies Division.One of the biggest revelations within the research is that organizations recognizing maximum business value from hybrid cloud also have a deep understanding of the workload requirements of their applications. Through the research, we see six particular requirements rise to the top for consideration: performance, security, compliance, storage, data protection and automation. The other EMC acquisitions announced today target one of these requirements in particular: data protection.The first is Mountain View, California-based Maginatics, whose technology enables organizations to leverage public and private clouds as a backup “device.”  The addition of Maginatics extends EMC’s cloud data protection strategy by enabling unified data protection and management across disparate private, public and hybrid clouds. Maginatics technology also enables efficient data mobility across multiple clouds with data deduplication, WAN optimization, handling of large objects and multi-threading. We plan to integrate Maginatics technology with existing EMC data protection software, storage and services as part of our Core Technologies Division, led by Guy Churchward.Last, but by no means least (we’re going alphabetically here, so someone has to go third!), is the acquisition of Austin-based Spanning.  Spanning provides subscription-based backup and recovery for born-in-the-cloud applications and data. Spanning solutions prevent business interruption due to data loss in Google Apps and Salesforce.com (with support for Microsoft Office 365 in the first half of 2015).  The combination of EMC’s data protection portfolio and Spanning’s capabilities will accelerate our ability to help users confidently deploy data protection solutions across all applications and workloads, regardless of where the data is created or where the applications reside.It goes without saying that we’re excited to be bringing such phenomenal technology into the EMC portfolio.  However, as EMC Information Infrastructure CEO David Goulden always says: “We’re a people company, focused on technology.” Hence, it gives me great pleasure to personally welcome Randy Bias and the Cloudscaling team, Amarjit Gil and the Maginatics team, and Jeff Erramouspe and the Spanning team to the EMC family.So, with our three buses having arrived … next stop … EMC Enterprise Hybrid Cloud.last_img read more

Fed will likely stress commitment to low rates amid pandemic

first_imgWASHINGTON (AP) — The Federal Reserve this week will likely underscore its commitment to its low-interest rate policies, even as the economy recovers further from the devastation of the viral pandemic. Chair Jerome Powell is sure to strike a dovish tone at a news conference after the Fed’s latest policy meeting ends Wednesday. He may, in particular, aim to puncture any speculation that the Fed might soon curtail its aggressive efforts to support the economy, including its bond purchase program that aims to hold down long-term interest rates.last_img

Tickets Now On Sale for The Happiest Song Plays Last, Directed by Ruben Santiago-Hudson

first_img The Happiest Song Plays Last stars Lauren Valez (Dexter), Anthony Chisholm, Dariush Kashani, Tony Plana, Armando Riesco and Annapurna Sriram. View Comments Show Closed This production ended its run on March 23, 2014 Second Stage’s production of Quiara Alegria Hudes’ The Happiest Song Plays Last knows what’s up. The next time you make a playlist, make sure the last song is something peppy! Directed by Tony winner Ruben Santiago-Hudson, tickets are now available for The Happiest Song Plays Last at off-Broadway’s Tony Kiser Theatre, with performances scheduled to begin February 11 and run through March 23. Opening night is set for March 3.  The final play of Hudes’ Elliot trilogy, The Happiest Song Plays Last tells the story of cousins Elliot (Riesco) and Yaz (Velez), who discover the joy in coming home again and the comfort of family, both by blood and by love. When Elliot gets a lucky break in the film business, Yaz takes on the role of familial and neighborhood matriarch, nourishing those that pass through her door. Featuring the sounds of traditional Puerto Rican folk music, The Happiest Song Plays Last is the story of a year in Elliot and Yaz’s life. The Happiest Song Plays Last Related Showslast_img read more