Midstream assets included in the joint venture include a natural gas processing plant in Tioga, N.D. Hess Infrastructure will make an IPO of Hess Midstream Partners LP common units.
Frontline 2012 was spun off from Frontline three years ago and has since divested its dry-bulk and gas fleet to focus on crude oil and product tankers, Reuters said.
Exmar will transfer its assets to Flex LNG in return for 323.7 million new shares in the company, giving it a 64.6% stake, London-based Flex LNG said in a statement July 1.
The company plans on selling the Eureka Hunter Pipeline to pay down debt and fund its drilling operations.
Only a portion of the Utica and Marcellus pipeline was up for sale, but a premium bid worth hundreds of millions changed CEO Gary Evans’ thinking.
Ferrellgas Partners LP completed the close of the Bridger Logistics acquisition for about $562.5 million and 11.2 million common units. Purchase and sale agreement was entered on June 1.
Total SA talks sale of Frigg pipeline network to ArcLight Capital Partners, two people familiar with private matter told Bloomberg. Frigg takes U.K. North Sea gas to St. Fergus, Scotland.
Freestone Dynamis Energy Products LLC, formed after more than year of strategy development, will produce Petrozene additive for tanker sludge, paraffin problems, storage tank maintenance and other issues.
Energy XXI will receive $245 million in cash for about 150 miles of pipeline from CorEnergy Infrastructure Trust but as part of the deal will lease and operate the pipeline.
The Energy Transfer Equity offer to acquire Williams could complicate the company’s plan to absorb its MLP, Williams Partners, and strain the partnership’s unit prices, an analyst said.
Williams Cos. rejected a $48 billion stock-based takeover offer from pipeline magnate Kelcy Warren, Bloomberg said. Williams hired banks to explore alternatives to the offer.
Enbridge Income Fund Holdings Inc. will buy Enbridge Inc.’s Canadian liquids pipeline business and some renewable energy assets for C$30.4 billion (US$24.8 billion), Bloomberg said.