Finance - Acquisitions Divestitures

LNG Developer NextDecade To Merge With Blank-Check Company

Founded in 2010, NextDecade is a developer of LNG projects that is currently focused on a land-based U.S. Gulf Coast export project located close to the Permian and Eagle Ford.


Chevron Sells Canadian Downstream Fuel Business In $1.1 Billion Deal

Chevron, aiming to achieve neutral cash flow this year, is also boosting spending on its low-cost Permian shale operations.


Williams Sells Geismar Olefins Plant To NOVA For $2.1 Billion

Deal will fund capital plans, provide revenue stream for partnership.


Blackstone’s $2 Billion Adds EagleClaw Midstream In Delaware Basin

Within one week, $3.5 billion in midstream A&D activity has lit up the Midland and Delaware basins.


NuStar Energy Announces Pricing Of Common Units

Offering intended to fund purchase of Navigator.


NuStar Enters Permian With $1.5 Billion Navigator Pipeline Deal

NuStar agreed to acquire Navigator Energy Services for $1.475 billion, marking the San Antonio-based company’s entry into the Permian Basin.


Stakeholder Acquires Gas Gathering System In Permian's Northwest Shelf

The San Antonio-based company agreed to acquire the Lovington Gas Gathering System, which serves producers in Lea and Chaves counties, N.M., from Lucid Energy Group for an undisclosed amount.


Talllgrass Energy Partners Boosts Ownership In Rockies Express Through Dropdown

The Leawood, Kan.-based company said April 3 it acquired an additional 24.99% membership interest Rockies Express Pipeline LLC (REX) from Tallgrass Development LP for $400 million in cash.


Enbridge To Cut 1,000 Jobs After Spectra Takeover

 The workforce reductions are a component of the 'synergies' expected over the coming months as it fully integrates the companies, said Enbridge spokesman Todd Nogier.


Enterprise Acquires Bankrupt Azure's Gas System

Enterprise Products Partners will acquire natural gas gathering pipelines serving the Haynesville, Bossier, Cotton Valley and Travis Peak formations for $189 million as part of a bankruptcy auction.


Mexico Postpones Auction Of Excess Transport, Fuel Storage Capacity

 Mexico has postponed an auction of part of state oil company Pemex's excess capacity for transport and fuel storage due to "methodological problems," the Energy Regulatory Commission and Pemex said in a joint statement, Reuters reported.


Spectra To Purchase Larger Stake In PennEast Pipeline

New Jersey utility PSEG will remain a PennEast customer.