Finance - Acquisitions Divestitures

Chevron To Buy Pasadena Refinery From Petrobras For $350 Million

Chevron, which reported an increase in shale production in the third quarter, has said it wants a second Gulf Coast facility to handle that crude and better supply its retail gasoline network.

Reuters

King & Spalding Adds Alan Noskow As Corporate Partner In D.C.

King & Spalding on Jan. 29 announced that Alan Noskow has joined as a partner in the firm’s Corporate, Finance and Investments practice group in the Washington, D.C. office.

HEADLINES: Venezuela's Potential Impact; EQT's CEO On 2019

Plus, QEP Resources recently engaged Evercore to explore a sales process following a surprise takeover bid by activist investor Elliott Management in early January.

Jessica Morales

University Lands Selects H20 Midstream, Layne JV For Delaware Basin Water Services

The JV was formed by H2O Midstream and Layne Water Midstream to develop and operate water infrastructure on the University Lands acreage across the Southern Delaware Basin.

Saudi Aramco Eyes Multibillion-Dollar US Gas Acquisitions

Saudi Aramco CEO Amin Nasser says his company is looking to acquire natural gas assets in the U.S. and is willing to spend "billions of dollars" there as it aims to become a global gas player.

Reuters

Pipeline Operator Kinder Morgan Canada's Profit Surges

Kinder Morgan, which holds about 70% majority voting interest in Kinder Morgan Canada, has hired investment bank TD Securities to facilitate a potential sale of its Canadian business.

Reuters

SemGroup Boosts Montney Footprint With New KKR JV

Concurrent with its formation, the JV, SemCAMS Midstream, also agreed to acquire the Montney operating portfolio of Meritage Midstream ULC.

Emily Patsy

Leading Energy Transactions Partner Jerry Farano Joins Gibson Dunn’s Denver Office

Gibson Dunn said Jerry Farano, formerly Jones Day, has joined as a partner to continue his energy transactions practice in the law firm’s Denver office.

Targa Debt Offering Marks First High-yield Bond Deal Since November

Targa had initially planned to offer a $750 million bond but later doubled its debt offering due to strong investor demand, according to a Financial Times report.

Emily Patsy

US Energy Investors Eye Cheap Takeovers As Oil Prices Sink

Sinking oil prices are turning distressed U.S. energy companies, such as Gastar Exploration, Parker Drilling and Waypoint Leasing, into takeover targets for opportunistic private investors.

Aaron Weinman, Reuters

Husky Energy Considering Sale Of Noncore Downstream Assets

Husky Energy said the potential sale is being undertaken independent of the outcome of the Calgary, Alberta-based company's proposed acquisition of rival MEG Energy.

Reuters

WaterBridge Buys Concho’s Southern Delaware Produced Water Assets

WaterBridge bolstered its Southern Delaware Basin position by acquiring all of Concho Resources’ produced water assets in the region.

Emily Patsy

Pages

Like what you read?

Sign up to receive free Midstream Business Newsletters.