Dominion Energy Inc. said Wednesday it plans to buy Scana Corp., a South Carolina-based public utility, in an all-stock deal described as a “strategic combination” of its natural gas businesses — a merger that equates to $7.9 billion in stock, but with an overall value of about $14.6 billion.
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NGI The Weekly Gas Market Report
London-Based PE Firm Jumps Into Mexico’s NatGas, Power Industry With $1.27B Deal
Actis LLP has agreed to buy the Mexican assets of InterGen, an acquisition that marks the London-based private equity (PE) firm’s first major foray into the local power and natural gas business.
NGI The Weekly Gas Market Report
Oilfield Services Sector in 2018 Aimed at Future Growth
If 2017 proved to be a new beginning for the downtrodden oilfield services (OFS) sector, 2018 is expected to be the year that operators are positioned for future growth in both the onshore and offshore.
Enterprise Productions, Tenaska Marketing Get FERC Approvals for Gas Marketing Sale
Enterprise Products Operating LLC and Tenaska Marketing Ventures’ on Thursday received from FERC a temporary waiver of the Commission’s capacity release regulations and related Northern Border Pipeline Co. tariff provisions.
McDermott, CB&I Merger to Create Engineering Behemoth, with LNG, Petchem Toehold
McDermott International Inc. and CB&I agreed Monday to combine in an all-stock transaction worth an estimated $6 billion, a move that would narrow the energy engineering and construction competition.
Aria Takes Half-Stake in BP’s RNG Business to Expand U.S. Operations
Aria Energy, which engineers and provides landfill gas services from its home base in Novi, MI, has purchased a half-stake in BP plc’s Mavrix LLC to distribute renewable natural gas (RNG) to U.S. customers.
NGI The Weekly Gas Market Report
Sasol Scrapping Louisiana GTL Project, Marketing Montney Assets
A multi-billion dollar natural gas-to-liquids (GTL) project underway near Lake Charles, LA, since 2012 by Sasol Ltd. has been scuttled.
NGI The Weekly Gas Market Report
Talos Takeover of Stone Energy to Expand U.S., Mexico Offshore Portfolio
Houston-based Talos Energy LLC agreed Tuesday to tie up with Stone Energy Corp., an all-stock transaction to create a publicly traded Gulf of Mexico (GOM) operator with assets offshore the United States and Mexico.
NGI The Weekly Gas Market Report
Total’s Takeover of Engie LNG Portfolio Adds Cameron Stake, Heft to Global Gas Exports
France’s Total SA is joining the ranks of the biggest liquefied natural gas (LNG) operators in the world after agreeing Wednesday to buy Engie’s portfolio in a transaction worth up to $2 billion.
NGI The Weekly Gas Market Report
Alaska LNG Draws Major Support from China as Sinopec, Financiers Step Forward
Three Chinese companies tentatively have stepped forward to help finance Alaska’s costly and long-stalled natural gas export dreams.