AltaGas did not name the company, but the Wall Street Journal, citing people familiar with the matter, said the firm was is in talks to merge with WGL Holdings, the parent of natural-gas utility Washington Gas.
In December, private-equity firm Blackstone was said to be looking at a stake in Energy Transfer, the company building the controversial Dakota Access pipeline.
Buckeye Partners LP completed its $1.15 billion purchase of a 50% equity interest in VTTI BV’s global marine terminal business, which will be owned jointly with Vitol.
The combined company, which has an enterprise value of $11 billion, will be renamed DCP Midstream LP and will trade with the ticker symbol "DCP" on the New York Stock Exchange.
This is TEP’s fifth dropdown acquisition from Tallgrass Development. It was funded at closing through borrowings on TEP’s revolving credit facility.
The terms of the acquisition were approved by the board of directors of Shell Midstream’s general partner, according to a Dec. 28 press release.
The deal was one of five authorized by Brazil's audit court, which asked Petrobras to temporarily suspend its asset sale program on Dec. 7, Reuters reported.
MOL has certain management control at INA under an agreement with the Croatian state, which holds 45% of INA, Reuters reported.
Anadarko has sold assets in excess of $5 billion in 2016, as the company streamlines its portfolio to focus in the Delaware and D-J basins.
Martin Midstream Partners LP completed the divestiture of its terminaling assets in Corpus Christi, Texas, to NuStar Logistics LP for about $93 million in net cash proceeds, according to a Dec. 21 press release.
The Port Hudson terminal near Baton Rouge, La., is near other refined products infrastructure along the Colonial Pipeline.
Funding for the cash component of the acquisition was provided from proceeds of a new 10-year medium-term note offering that closed Dec. 19, the company said.