Finance - Acquisitions Divestitures

AltaGas Says In Potential Deal Talks

AltaGas did not name the company, but the Wall Street Journal, citing people familiar with the matter, said the firm was is in talks to merge with WGL Holdings, the parent of natural-gas utility Washington Gas.


Blackstone Ends Talks For $5 Billion Energy Transfer Stake

In December, private-equity firm Blackstone was said to be looking at a stake in Energy Transfer, the company building the controversial Dakota Access pipeline.


Buckeye Partners Closes $1.15 Billion Acquisition Of VTTI Marine Terminal Business

Buckeye Partners LP completed its $1.15 billion purchase of a 50% equity interest in VTTI BV’s global marine terminal business, which will be owned jointly with Vitol.


DCP Midstream Partners Acquires Phillips-Spectra JV Assets

The combined company, which has an enterprise value of $11 billion, will be renamed DCP Midstream LP and will trade with the ticker symbol "DCP" on the New York Stock Exchange.


Tallgrass Terminals, Tallgrass NatGas Operator Acquired For $140 Million

This is TEP’s fifth dropdown acquisition from Tallgrass Development. It was funded at closing through borrowings on TEP’s revolving credit facility.


Shell Midstream Acquires Interests In Three GoM Pipelines

The terms of the acquisition were approved by the board of directors of Shell Midstream’s general partner, according to a Dec. 28 press release.


Mexico's Alpek Gets Two Petrobras Petrochemical Companies For $385 Million

The deal was one of five authorized by Brazil's audit court, which asked Petrobras to temporarily suspend its asset sale program on Dec. 7, Reuters reported.


Croatia Will Buy The Stake In INA Belonging To Hungary's MOL

MOL has certain management control at INA under an agreement with the Croatian state, which holds 45% of INA, Reuters reported.


Anadarko Adds To Bounty With Marcellus Exit

Anadarko has sold assets in excess of $5 billion in 2016, as the company streamlines its portfolio to focus in the Delaware and D-J basins.


Martin Midstream Completes Sale Of Corpus Christi Terminaling Assets

Martin Midstream Partners LP completed the divestiture of its terminaling assets in Corpus Christi, Texas, to NuStar Logistics LP for about $93 million in net cash proceeds, according to a Dec. 21 press release.


NGL Energy Partners Is High Bidder For Murphy Energy Assets

The Port Hudson terminal near Baton Rouge, La., is near other refined products infrastructure along the Colonial Pipeline. 


Inter Pipeline Finishes Acquiring Cold Lake Pipeline System

Funding for the cash component of the acquisition was provided from proceeds of a new 10-year medium-term note offering that closed Dec. 19, the company said.