The transaction includes the Sweeny Fractionator One NGL fractionator in the Phillips 66 Sweeny Refinery complex, the Clemens Caverns storage facility and the Standish Pipeline.
Williams has alleged that Energy Transfer is looking into ways to walk away from the tie-up even though the terms of the deal would not allow that.
A new timeline will give the companies time to renegotiate terms ahead of June 28 - the deadline for the deal to close, people familiar with the matter told Reuters on May 2.
Patterned after the U.S. MLP model, the new financial structure vehicle is expanded beyond oil and gas to supporting infrastructure as well.
The Denver company acquired a 66.7% interest in the Okeanos pipeline, a 100-mile gas gathering system in the GoM, from an affiliate of its general partner for an undisclosed amount.
The terminal is on the North Sea Canal in the Amsterdam, Rotterdam and Antwerp (ARA) region, which has Europe’s largest concentration of refining capacity; ARA is also one of the largest refined product trading hubs globally.
The Denver-based company's acquisitions consited of incremental ownership in Delta House, which is a semisubmersible Floating Production System in the GoM. Delta House is operated by LLOG Exploration Co. LLC.
Southern Kentucky Energy said April 25 it has completed the purchase of natural gas operations, including producing wells and midstream assets, through two separate transactions.
A committee of independent directors appointed by Husky’s board to review and assess the transaction was advised by BMO Capital Markets. Osler, Hoskin & Harcourt LLP was legal adviser.
Early this year, a few China oil deals turned sour, shaking suppliers' confidence in independent buyers, but Aramco did careful due diligence on Chambroad before sealing deal, a source told Reuters.
Asked about resuming oil shipments from Iran, Dario Scaffardi, Saras' managing director, said there were still some hurdles to overcome on the banking front.
The new entity, Stagecoach Gas Services LLC, will have an implied market value of about $2 billion, the companies said in a statement.