M&A

TransCanada Sells Northeast U.S. Power Business, Retains Mexico NatGas Assets

TransCanada Corp. has delivered on a plan to sell its U.S. merchant power assets in the Northeast, announcing that it would earn $3.7 billion for the business to help pay for its acquisition of Columbia Pipeline Group Inc. (CPG). In another move aimed at driving growth, the company said it would retain its interests in a growing portfolio of Mexican natural gas pipeline assets. Read More

American Midstream’s Friendly Tie-Up with JP Energy to Combine Onshore, Offshore NatGas-Heavy Enterprise

American Midstream Partners LP agreed Monday to merge with JP Energy Partners LP in a unit-for-unit transaction valued at $2 billion, which would create an enterprise with natural gas and oil pipelines and processing capacity stretching from the deepwater Gulf of Mexico into the Permian Basin and through the Eagle Ford and Bakken shales. Read More

Dril-Quip Ties Up with TIW; Oceaneering Nabs Blue Ocean

Two Houston-based offshore specialists are making deals as the oil and gas industry contracts, with Dril-Quip Inc., in its first acquisition ever, agreeing to buy crosstown operator TIW Corp., a century-old downhole oil and gas consumables manufacturer, while Oceaneering International Inc. is buying riserless well intervention specialist Blue Ocean Technologies LLC. Read More

Sempra’s Mexican Unit to Sell $1.43B in Stock to Buy Pemex Interest in Five JVs

San Diego-based Sempra Energy's fast-growing Mexican unit, Infraestructura Energetica Nova, SAB de CV's, on Fridaypriced upcoming private and public sales of stock in an effort to raise US$1.43 billion to help acquire a 50% interest in a group of energy pipelines and an associated storage terminal from Mexico's national energy company, Petroleos Mexicanos. Read More