Macquarie sues Jupiter MLP for $17.5 million for breach of contract [Reuters]
Nustar Energy L.P. Common Units (NS)
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Source: Reuters
Macquarie sues Jupiter MLP for $17.5 million for breach of contract | Reuters 2 Min Read HOUSTON (Reuters) - The trading arm of Australian bank Macquarie Group has filed a lawsuit against Jupiter Marketing & Trading, alleging the U.S. firm breached contracts for oil purchase and storage. Macquarie is seeking some $17.5 million in fees and outstanding payments from Jupiter, according to the suit, which was filed on Thursday in Harris County District Court in Houston. Jupiter did not immediately respond to a request for comment. Privately held Jupiter is one of several pipeline and storage suppliers racing to build crude export terminals along the U.S. Gulf Coast. It has proposed a terminal in Brownsville, Texas, with 10 million barrels of storage capacity and the capability to load a Very Large Crude Carrier. In October, Jupiter said it had secured funding to build a 680-mile crude oil pipeline from West Texas to the U.S. Gulf Coast, which could transport 1 million barrels of oil per d
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NS
News
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- Sunoco LP Announces Private Offering of Senior Notes [Yahoo! Finance]Yahoo! Finance
- NuStar Energy L.P. Declares Conditional Special Distribution [Yahoo! Finance]Yahoo! Finance
- NuStar Energy L.P. Declares Conditional Special DistributionBusiness Wire
NS
Earnings
- 2/15/24 - Beat
NS
Sec Filings
- 4/22/24 - Form 425
- 4/22/24 - Form 8-K
- 4/15/24 - Form 425
- NS's page on the SEC website