Finance - Acquisitions Divestitures

Shell, Phillips Boost Shares In Explorer Pipeline

Midstream majors Shell and Phillips buy additional equity interest in Explorer Pipeline Co.

2016/07/28

M&A Deals Jump In Volume, Fall In Value

Smaller upstream M&A transactions drive overall rise in second-quarter 2016, but midstream deals topple from perch, PwC report says.

2016/07/28

TransCanada Profit Beats Expectations; Asset Sales On Track

The pipeline company said on July 28 that the process of engaging advisers has been completed for the asset sales, and that it was in the initial stages of soliciting interested parties.

Emily Moser
2016/07/28

Golar LNG, Schlumberger Target Stranded Gas With New JV

The JV comes about six months after Golar and Schlumberger said they signed a memorandum of understanding.

2016/07/25

J-W Energy Exits Upstream, Midstream To Focus On Compression Services

The Dallas company sold substantially all of its assets, which included about 95,000 net acres and 380 miles of associated gathering and processing infrastructure in North Louisiana and North Texas, to Aethon United for an undisclosed amount.

Emily Moser
2016/07/21

Husky Launches Midstream Partnership To Expand Thermal Business

Husky Energy created a new midstream LP after jettisoning part of its stake in select midstream assets in the Lloydminster region of Alberta and Saskatchewan for C$1.7 billion.

Emily Moser
2016/07/18

Williams' Canadian Unit Attracts Bidders, Sources Say

Tulsa, Oklahoma-based Williams, whose deal with Energy Transfer Equity  fell through last month, is working with Barclays Plc and Toronto Dominion Bank on the sale, the sources said.

Emily Moser
2016/07/15

Sanchez Adds To War Chest With Eagle Ford Midstream Sale

Sanchez Energy’s recent midstream divestiture provides the Houston company additional firepower to expand its territory in the Eagle Ford.

Emily Moser
2016/07/13

Valero Buys Out Kinder Morgan's Stake In Louisiana-Mississippi Pipeline

The move will give Valero increased access to the eastern U.S. by connecting the pipeline to Colonial Pipeline Co.'s system that runs from Houston to New York Harbor. The company didn't disclose the price it paid.

Emily Moser
2016/07/13

Report: Midstream Firm Backed By Canada's CPPIB Nears Devon Deal

If the acquisition materializes, it will be the third in the energy sector involving CPPIB in recent weeks, Reuters reported.

Erin Pedigo
2016/07/12

Mexico's Sempra Unit Restructures Deal To Buy Pemex Pipeline Stake

IEnova said it would pay a minimum of $1.108 billion for the stake, less than the $1.325 billion it pledged to pay last July, Reuters reported.

Erin Pedigo
2016/07/12

TopSail Energy Acquires Industrial Site For Texas Processing Facility

Jim Lelio, TopSail’s CEO, said that the company plans to have a long-term national processing arrangement and will construct several regional locations for this plan across the U.S. over the next 18 months.  

Erin Pedigo
2016/07/12

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