Finance - Acquisitions Divestitures


Hess Closes Sale, Establishes $5.35B Bakken Midstream JV

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.

Thu, 07/02/2015 - 11:46

Norwegian Tycoon Fredriksen Will Merge Tanker Companies

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.

Thu, 07/02/2015 - 09:56

Exmar Deal Creates $2 Billion LNG Company

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. 

Wed, 07/01/2015 - 09:16

Magnum Hunter Sale Will Fuel Growth

The company plans on selling the Eureka Hunter Pipeline to pay down debt and fund its drilling operations. 

Tue, 06/30/2015 - 10:04

Magnum Hunter To Sell Eureka Pipeline, Easing Liquidity Woes

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.

Darren Barbee
Mon, 06/29/2015 - 08:58

Ferrellgas Finalizes Close Of Bridger Logistics Acquisition

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. 

Fri, 06/26/2015 - 10:28

Total In Talks To Sell Frigg Pipeline To ArcLight

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.

Thu, 06/25/2015 - 13:52

Additive Producer FDEP Formed Under JV

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.

Thu, 06/25/2015 - 11:39

Energy XXI Sells GoM Infrastructure, Keeps Control

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.

Darren Barbee
Tue, 06/23/2015 - 13:14

After Rejecting Bid, M&A Future Uncertain For Williams

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.

Mon, 06/22/2015 - 14:08

Williams Rejects Warren Stock-Based Takeover

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. 

Mon, 06/22/2015 - 08:38

Enbridge Sells Canadian Liquids Pipelines In Dropdown

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. 

Fri, 06/19/2015 - 10:48