Energy engineering giants McDermott International Inc. and Chicago Bridge & Iron Co. NV (CB&I), which agreed to merge last December, announced steps Tuesday to integrate operations and set the leadership structure once the combination is completed as expected by mid-year.
Houston-based W&T Offshore Inc. has added to its Gulf of Mexico portfolio after claiming stakes in three blocks producing for the deepwater Heidelberg development operated by Anadarko Petroleum Corp. Read More
Beaumont, TX-based Stabilis Energy LLC has completed the purchase of a majority interest in Prometheus Energy Group Inc., a leading turnkey natural gas fueling firm that last September announced its intention to buy Stabilis. The terms and value of the deal were not made public by the privately held companies. Read More
Avangrid Renewables Holdings Inc. recently agreed to sell parent Avangrid Inc.'s natural gas storage business, Enstor Gas LLC, to Amphora Gas Storage USA LLC, an affiliate of ArcLight Capital Partners LLC, for an undisclosed amount.
Sempra Energy expects to receive regulatory approvals soon for its pending $9.45 billion purchase of 80% of the Texas utility giant Oncor Electric Delivery Co.'s holding company, CEO Debra Reed said Tuesday. Read More
Citing simplification of its operations and a stronger balance sheet, Princeton, NJ-based NRG Energy Inc. agreed Wednesday to sell its renewables and yield business units to Global Infrastructure Partners for $1.375 billion.
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