Phillips 66 Partners To Buy S. Louisiana NGL Logistics Assets
This transaction follows Emerson’s recently announced divestitures of Network Power, Leroy-Somer and Control Techniques for a total of $5.2 billion.
Enterprise's approach came after peer Energy Transfer Equity terminated its merger agreement with Williams in June after a prolonged legal battle.
This is the first major deal by Williams Cos. since Energy Transfer Equity walked away from its more than $20 billion takeover of the company in June.
EagleClaw said the acquisition is likely to be completed in the third quarter of 2016.
The Denver company said it entered a definitive merger agreement with Tellurian Investments Inc. to acquire the private company headed by former executives of Cheniere Energy and BG Group for an undisclosed amount.
Liquigas, which has a 23% market share in Brazil's LNG market, has 23 plants, 19 warehouses and a network of 4,800 resale shops across Brazil, Reuters reported.
The deal involves the Enbridge-Marathon JV paying $2 billion to Energy Transfer Partners and Sunoco Logistics Partners for a 49% stake in the holding company that owns 75% of the system.
China wants to boost investment in the country's patchy 90,000-kilometer gas grids, which are less than one-fifth the size of the system in the U.S., Reuters reported.
A subsidiary of the Dallas company, EnLink Midstream LLC, entered an approximately $800 million JV agreement with a NGP affilate to operate and expand EnLink's natural gas, NGL and crude oil midstream assets in the Delaware.
Shortly following the deal's collapse, nearly half of Williams' board resigned after failing to oust Armstrong, Reuters reported.
Midstream majors Shell and Phillips buy additional equity interest in Explorer Pipeline Co.