M&A

Martin Midstream Partners LP on Wednesday said it sold its East Texas Pipeline, a natural gas liquids (NGL) system, to an undisclosed buyer for $17.5 million, marking the second infrastructure divestiture in less than three months for the Kilgore, TX-based company.

Houston-based Occidental Petroleum Corp. on Thursday completed its mega tie-up with Anadarko Petroleum Corp. in a transaction including debt now valued at $55 billion.

Chevron Corp.’s retreat from a takeover battle for Anadarko Petroleum Corp. hasn’t diminished the supermajor’s enthusiasm to add more to its portfolio, and in particular, more liquefied natural gas (LNG) prospects, executives said Friday.

Billionaire investor Carl Icahn, who is seeking to usurp four directors at Occidental Petroleum Corp., is alleging the board has mismanaged the takeover of Anadarko Petroleum Corp.

With an overwhelming majority of shareholders backing their plans to remake EQT Corp., the next step for Toby and Derek Rice is execution, financial analysts said Wednesday.

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).

As part of an asset refocusing plan, Martin Midstream Partners LP (MMLP) has agreed to sell its membership interests in four natural gas storage facilities in the southeastern United States to Hartree Cardinal Gas LLC for $215 million.

Activist investor Carl Icahn, who holds an estimated $1.6 billion (5%) stake in Occidental Petroleum Corp. (Oxy), has filed a lawsuit over the proposed acquisition of Anadarko Petroleum Corp., which he called misguided and overpriced.

Total SA would receive $815 million to takeover Toshiba Corp.’s U.S. liquified natural gas (LNG) interests in a deal expected to close later this year that would further expand the French company’s global portfolio in the space. Meanwhile, Apache Corp. has inked a first-of-its-kind deal with Cheniere Energy Inc. to sell natural gas based on international prices.