The workforce reductions are a component of the 'synergies' expected over the coming months as it fully integrates the companies, said Enbridge spokesman Todd Nogier.
Enterprise Products Partners will acquire natural gas gathering pipelines serving the Haynesville, Bossier, Cotton Valley and Travis Peak formations for $189 million as part of a bankruptcy auction.
Mexico has postponed an auction of part of state oil company Pemex's excess capacity for transport and fuel storage due to "methodological problems," the Energy Regulatory Commission and Pemex said in a joint statement, Reuters reported.
New Jersey utility PSEG will remain a PennEast customer.
Analysts at Capital Link forum consider midstream ‘safer’ sector for investors.
LNG Export Project At Elba Island Expected To Begin Initial Operation In Mid-2018
The assets being sold include 62 product terminals with about 24 million barrels of storage capacity, 604 miles of pipeline and 73 tanks with 7.8 million barrels of storage capacity.
Completion of the Enbridge merger with Spectra could trigger new interest from investors.
TransCanada offers interest in Iroquois, Portland systems to TC PipeLines.
Iran aims to grow gas output to 1 Tcm by 2018, up from 160.5 Bcm in 2012, before the latest sanctions took effect. But it currently has no ability to freeze its gas into LNG for tanker exports, Reuters reported.
Chaparral has a hearing on March 9 to confirm its plan to emerge from Chapter 11 bankruptcy, funded in part by asset sales.
Matador’s JV with a private company far exceeds analyst estimates, who considered the midstream infrastructure worth $250 million or so.