M&A

A natural gas version of marketing eco-labels has won a toehold in Canada by playing a role in a sale from Alberta to Quebec by Seven Generations Energy Ltd. (7G).

Houston-based Black Bear Transmission LLC has acquired Ozark Gas Transmission LLC (OGT) and Ozark Gas Gathering LLC (OGG) from a subsidiary of Enbridge Inc.

Houston-based Black Bear Transmission LLC has acquired Ozark Gas Transmission LLC (OGT) and Ozark Gas Gathering LLC (OGG) from a subsidiary of Enbridge Inc.

Australia-based LNG Ltd. (LNGL), which is developing export terminals for the Gulf Coast and Canada, said Friday that its takeover by a private company in Singapore is likely to take longer because of problems created by the coronavirus outbreak.

Australia-based LNG Ltd. (LNGL), which is developing export terminals for the Gulf Coast and Canada, said Friday that its takeover by a private company in Singapore is likely to take longer because of problems created by the coronavirus outbreak.

In concessions to activist shareholder Carl Icahn, Houston-based independent Occidental Petroleum Corp. (Oxy) has named Magnolia Oil and Gas Corp. CEO Stephen Chazen as chairman and appointed three Icahn-picked directors to the board.

Leading natural gas marketers reported a third consecutive quarterly decline in 4Q2019, though the rate of decline slowed significantly, and total sales volumes for full-year 2019 were off only slightly compared with 2018, according to NGI’s Top North American Natural Gas Marketers rankings.

The Occidental Petroleum Corp. (Oxy) board on Friday adopted a limited duration stockholders rights plan, known commonly as a “poison pill,” in an effort to dilute activist billionaire shareholder Carl Icahn’s growing stake in the Houston-based independent.

NiSource Inc. subsidiary Columbia Gas of Massachusetts (CMA) has agreed to plead guilty and pay a $53 million fine in connection with the series of deadly natural gas explosions that rocked three communities north of Boston in September 2018.