Global investment firm KKR is buying a stake in a Sempra Energy business unit that manages liquefied natural gas (LNG) projects on the Gulf Coast and in Mexico as it anticipates growth in North American energy infrastructure. Under the terms of the deal announced Monday, KKR will pay $3.37 billion for a 20% non-controlling interest…
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A top-level team of Mexican energy officials and regulators has reached an accord with state oil company Petroleos Mexicanos (Pemex) to allow the producer to renew purchasing liquefied natural gas (LNG), while eliminating penalizations under the previous system, a source close to the deal told NGI.
Enterprise Products Partners LP (EPD) late Wednesday said it purchased a 65-acre waterfront site on the Houston Ship Channel to serve as the next phase of expansion at its hydrocarbon terminal.
Denver-based independent QEP Resources Inc. continues its shift to an oilier production mix, completing its exit from the Pinedale Anticline in September while completing this week a $683.5 million purchase of 13,000 acres in the Permian Basin in West Texas.
PTT Global Chemical pcl (PTTGC) has signed purchase option agreements with eight landowners near the proposed site of its multi-billion dollar ethane cracker in Ohio, giving the company the ability to buy the properties if it were to move forward with the facility.
FirstEnergy Corp. wrapped-up its clearing and demolition work last week in Belmont County, OH, at the 150-acre site of a former coal-fired power plant, finishing another step to ready part of the land that could one day be home to PTT Global Chemical pcl’s (PTTGC) proposed ethane cracker.
QEP Resources Inc. has informed federal regulators that its plans to expand in the Permian Basin by purchasing about 9,400 net acres in West Texas for $600 million will be delayed, with the closing date pushed back by about one month.
In a move aimed at diversifying the company’s northeastern U.S. power generation portfolio, Halifax, Nova Scotia-based Emera Inc. reported Wednesday that it has entered into a $541 million agreement to purchase three combined-cycle gas-fired electricity generating facilities in New England from Capital Power Corp.