Finance - Acquisitions Divestitures

Vitol Bucks Trend, Backs Out Of Permian

Sunoco Logistics purchases Vitol’s Permian crude system for $760 million.


Sunoco Will Purchase Vitol's Permian Basin Assets

Sunoco said it was offering 21 million common units to partly fund the deal, which is expected to close in the fourth quarter, Reuters reported.


Petrobras Reports Regulatory Issues Prevent Sale Of LNG Terminal

Regulatory issues are preventing Petrobras from progressing with plans to sell its LNG regasification terminal located in the state of Ceara, Pedro Parente, CEO of the state-run oil company, said on Sept. 26.


Williams Completes CA$1.38 Billion Sale Of Canadian Assets

TD Securities Inc. was the lead financial adviser and Barclays was a co-adviser to Williams.


TransCanada's Columbia Pipeline Offers To Buy MLP For $848 Million

TransCanada, which completed its $10.3 billion takeover of Columbia Pipeline Group in July, had said it was reviewing strategic alternatives for MLP holdings, including Columbia Pipeline Partners.


Investors Led By Canada's Brookfield Purchase Stake In Petrobras' Gas Pipeline Unit

Nova Transportadora do Sudeste SA supplies Rio de Janeiro, Sao Paulo and Minas Gerais with natural gas coming from Bolivia and Brazil's offshore oil and gas fields, Reuters reported. 


Europe's Allianz, Snam Will Buy 49% Of Gas Connect Austria

GCA, which had revenues of 248 million euros in 2014, operates pipelines stretching 900 kilometers (560 miles) across central Europe, supplying Austria, Germany, France, Slovenia, Croatia, and Hungary, Reuters reported.


QEP Permian Deal Dawdles; Unit Hunting Stack Midstream

Encana Corp. also launched an equity offering for $1 billion, raising the possibility of a Montney sale, analyst says.


Report: Chemical Companies Vie For BP's China Petrochemicals Plant

BP's partner in the joint venture, state-owned China Petroleum & Chemical Corp. (Sinopec), has a right of first refusal, Reuters reported.


Canadian Energy Asset Sales Could Pick Up In Coming Months

Large- and mid-sized energy companies with the resources to buy assets, as well as private-equity firms, have mostly shown restraint despite the drop in oil prices, Reuters reported. 


First Reserve Acquires Energy Inspector Applied-Cleveland Holdings

Applied-Cleveland Corp. has partnered with midstream and utility companies across North America for more than 25 years.


Qatar Considers Joining Exxon To Buy Stake In Eni's Mozambique Gas Area

Located in Mozambique's Rovuma Basin, Eni's Area 4 is one of the biggest recent discoveries, holding about 85 trillion cubic feet of gas, Reuters reported.