Investments in electricity surpassed those in oil and gas for the first time ever in 2016 on a spending splurge on renewable energy and power grids as the fall in crude prices led to deep cuts, the International Energy Agency (IEA) said on July 11.
Jana Partners stepped up its criticism of EQT's deal to buy Rice Energy, arguing that EQT could save as much as $4.5 billion if it separated its pipeline assets instead.
Sanchez Midstream Partners agreed to sell noncore production assets as the Houston-based company advances its midstream strategy in the Eagle Ford Shale.
TPG Growth, an affiliate of private equity firm TPG, entered an agreement to acquire Dallas-based Discovery Midstream, which has an asset position in Colorado's Denver-Julesburg Basin.
The midstream dropdown is expected to push Noble's divestiture proceeds year-to-date to more than $2 billion--well above the company's $1 billion goal, a RBC analyst says.