Oil and natural gas midstream giant Williams can “hit the ground running” expanding its capital spending in the Northeast after completing a $3.8 billion joint venture (JV) with Canada Pension Plan Investment Board (CPPIB).
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Williams, Canada Pension Plan JV to Enhance Marcellus/Utica Position
With an eye on optimizing its position in the Marcellus and Utica basins, Williams has purchased the remaining 38% stake in the Utica East Ohio (UEO) Midstream from Momentum Midstream and will take over as operator through a partnership with investment group Canada Pension Plan Investment Board (CPPIB).
March 19, 2019
Enbridge Shedding Midstream, Renewable Assets In Effort to Strengthen its Balance Sheet
Calgary-based Enbridge Inc. on Wednesday announced that it has agreed to sell its Midcoast Operating, L.P. (Midcoast) midstream unit and related subsidiaries to AL Midcoast Holdings, LLC (AL Midcoast), an affiliate of ArcLight Capital Partners, LLC., in an all-cash deal for US$1.12 billion.
May 9, 2018