M&A

U.S.-based Energy Capital Partners (ECP) has expanded in Canada with a C$835 million ($626-million) takeover announced Monday of fossil fuel-fired power plants in Alberta, British Columbia and Ontario.

Chart Industries Inc., which provides cryogenic engineering for industrial gas users, agreed Thursday to pay $592 million for Harsco Corp.’s Industrial Air-X-Changers (AXC), a move designed to allow management to expand its global liquefied natural gas (LNG) business.

A DTE Energy subsidiary has agreed to acquire another 30% stake in the Stonewall Gas Gathering (SGG) system in West Virginia from WGL Midstream Inc. for $275.3 million.

Chevron Corp. said Thursday it would not make a counterproposal to a substantial offer to acquire Anadarko Petroleum Corp., which would appear to give Occidental Petroleum Corp. a global oil and natural gas prize.

EQT Corp. dug in this week, rejecting nine board nominees put forward by Rice Energy co-founders Toby Rice and Derek Rice, calling the brothers’ campaign nothing more than an attempt to promote the family’s interests.

Anadarko Petroleum Corp.’s board is awaiting a decision by Chevron Corp. to boost the terms of its takeover offer after indicating late Monday that it may agree to take the increased bid by Occidental Petroleum Corp. (Oxy).

Berkshire Hathaway Inc. agreed Tuesday to invest up to $10 billion in Occidental Petroleum Corp. (Oxy) to help the independent usurp Chevron Corp.’s bid to buy Anadarko Petroleum Corp.

Anadarko Petroleum Corp. said Monday it is going back to the table to discuss a mega-merger with Occidental Petroleum Corp. (Oxy), even though it has a definitive agreement with Chevron Corp. that includes a $1 billion breakup fee.

Chevron Corp. increased its upstream oil and natural gas volumes by 7% during the first three months of the year, but investors Friday were more keen for details about the potential takeover of Anadarko Petroleum Corp.