Finance - Acquisitions Divestitures

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Anadarko Not Selling Mozambique LNG Stake

Anadarko Petroleum Corp. has no interest in selling down its stake in planned LNG project in Mozambique, CEO Al Walker said, Reuters reported. Anadarko wants to operate the multibillion-dollar project.

Wed, 07/29/2015 - 11:34
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India’s Reliance Considers Selling US Shale Gas Assets

Indian oil refinery complex operator Reliance invested more than $8 billion in its U.S. unconventional gas joint ventures through March, Bloomberg reported. It is considering sale in private matter.

Tue, 07/28/2015 - 09:29
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Saudi Arabian Chemical Manufacturer, Enterprise Sign Shale Gas Agreement

Under deal with Enterprise Partners, feedstock may be used in U.S. or exported, acting CEO Yousef al Benyan told Bloomberg. Saudi Basic Industries Corp. converted U.K. crackers to produce olefins.

Mon, 07/27/2015 - 10:03
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Enterprise Closes Offshore GoM Business Sale

Michael A. Creel, CEO of Enterprise’s general partner, said the proceeds enhance the company’s financial flexibility for Eagle Ford and Permian Basin projects. Including proceeds, current liquidity surpasses $6 billion.

Mon, 07/27/2015 - 09:28
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United Energy Trading Sells Pawnee Crude Terminal

Pawnee Terminal is primary injection site for Tallgrass Energy Partners’ Northeast Colorado Lateral on the Pony Express Pipeline, which takes crude oil from Bakken and Niobrara formations to Cushing, Okla.  

Fri, 07/24/2015 - 10:54
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First River Energy Acquires Texas Gathering Co.

Texas Gathering Co. gathers about 24,000 barrels per day of crude, primarily in Texas. Owner Travis Davis and management team joined First River Energy and will continue managing the business.

Fri, 07/24/2015 - 09:30
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QEPM, TLLP Merger Approved

The merger of QEP Midstream Partners LP and Tesoro Logistics LP  was approved during a unitholder meeting in San Antonio on July 21.

Tue, 07/21/2015 - 16:44
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Energy Transfer Will Participate In Auction For Williams

Energy Transfer Equity LP signed confidentiality agreement to participate in an auction for Williams Cos., the pipeline company that turned down its $48 billion takeover offer last month, Bloomberg said.

Fri, 07/17/2015 - 08:35
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SBM Offshore Divests Stake To Supply, Lease An FPSO In GoM

The Stones development is about 320km offshore Louisiana in the Walker Ridge area, in 2,896m (9,500ft) of water. Turritella will be the world’s deepest FPSO.

Thu, 07/16/2015 - 16:35
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Enterprise Foots Eagle Ford Midstream Bill In Surprise Gulf Pipeline Selloff

Enterprise Products sells 2,300 miles of Gulf of Mexico pipeline to help foot the bill for 460 miles of Eagle Ford midstream assets it purchased in July.

Darren Barbee
Thu, 07/16/2015 - 12:17
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Kinder Morgan Buys Shell's Stake In Georgia LNG Project

The reasons for the sale weren't disclosed, but in April, Shell said it was buying BG Group Plc, which has a global portfolio of LNG, for about $70 billion.

Thu, 07/16/2015 - 12:05
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Energy Transfer Sells Convenience Stores To Sunoco

The transaction is expected to close on August 1. Tudor, Pickering, Holt & Co was the financial adviser to ETP, while Akin Gump Strauss Hauer & Feld LLP and Richard Layton & Finger PA its legal advisers.

Wed, 07/15/2015 - 16:05

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