Plains All American Pipeline (PAALP)

Mixed midstream message

US After consistent profit growth reports, some of the major players in the US midstream sector posted weak results for the third quarter. The local crude oil market is not as dependable as some might think

Pipes at storage terminal

PAA buys Yorktown site

Plains All American Pipeline LP (PAA) has completed the previously announced acquisition of the Yorktown terminal and Jal Pipeline from Western Refining. The total value of the deal is put at some $220m. 

Plains builds again

Plains All American Pipeline is to go ahead with the Phase IV expansion of its St James, Louisiana terminal, including construction of an additional 1.2m bbl (190,000 m3) of oil storage capacity by the third quarter 2012.

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