M&A

Houston-based W&T Offshore Inc. has added to its Gulf of Mexico (GOM) portfolio after claiming stakes in three blocks producing for the deepwater Heidelberg development operated by Anadarko Petroleum Corp.

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.

ExxonMobil Corp. plans to formally withdraw from what were expected to be lucrative Russian oil and gas partnerships because of U.S. sanctions.

Avangrid Renewables Holdings Inc. (ARH) 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.

The oil and gas industry may be raising rigs and expanding capital plans for 2018, but some players still appear cautious about building up their portfolios, according to Deloitte.

Noble Energy Inc., increasingly focused on U.S. onshore prospects and a massive natural gas development offshore Israel, agreed on Thursday to sell its Gulf of Mexico (GOM) portfolio to Fieldwood Energy LLC for $710 million.

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 (GIP) for $1.375 billion.

San Antonio-based Andeavor has acquired the Kenai liquefied natural gas (LNG) facility in Alaska from ConocoPhillips, which had been trying to sell the facility for more than a year.