Edgewater Midstream to acquire the Sinco pipeline system and Colex terminal from Shell.

Edgewater Midstream, a midstream company focused on the development of US crude oil and refined products midstream assets, agreed to acquire the Sinco pipeline system and Colex terminal from Shell, an oil and gas company. Financial terms were not disclosed. "This sale follows our guidance at Shell's Capital Markets Day to continue to simplify our portfolio as we seek to deliver more value, with less emissions. After the completion of the sale of Shell's equity in Deer Park Refinery, these assets are non-integrated and no longer fit within Shell's Powering Progress strategy. This transaction enables re-deployment of capital to other projects that will do so," Andrew Smith, Shell Executive Vice President Trading & Supply.