Tulsa-based pipeline giant Williams is teaming up with Permian Basin pure-play Brazos Midstream to expand their natural gas and crude oil footprint in West Texas.
M&A
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NGI The Weekly Gas Market Report
Eni, Lukoil in Mexico Offshore Tie-up; Talos Considering More M&A
Italy’s Eni SpA and Russian state-owned oil company Lukoil have agreed to swap participating stakes in three offshore blocks in Mexico’s Sureste Basin.
Anadarko Drops Down Midstream Assets to MLP for $4B
Anadarko Petroleum Corp. said Thursday that it would sell all remaining midstream assets to its master limited partnership (MLP), Western Gas Partners LP (WES), for $4.015 billion in a dropdown that’s part of a broader transaction to simplify the corporate structure.
Dominion Delays Parts of ACP to 2020 After Recent Setbacks; Sells Stake in Blue Racer
Parts of the Atlantic Coast Pipeline (ACP) won’t start up until mid-2020, and the project will cost more than previously thought, backer Dominion Energy announced Thursday.
NGI The Weekly Gas Market Report
Mexico’s CFEnergia Inks $1B NatGas Supply Contract with ArcelorMittal
The world’s largest steelmaker, ArcelorMittal SA, has signed a five-year, $1 billion natural gas supply contract with CFEnergía, the fuel marketing arm of Mexican state power utility Comisión Federal de Electricidad (CFE).
U.S. Midstream, Onshore Dealmaking Active in 3Q2018, Says PwC
Oil and natural gas dealmaking activity in the United States during third quarter ended a strong note, with transaction values totaling $122.8 billion, the highest since a record high $125.7 billion in 3Q2014, according to PwC.
NGI The Weekly Gas Market Report
Aqua America to Enter NatGas Business With $4.3B Acquisition of Peoples
Aqua America Inc., the nation’s second largest water utility, said Tuesday it would acquire Pittsburgh-based natural gas utility Peoples in an all-cash deal for $4.275 billion, including $1.3 billion of debt.
EnLink Latest to Announce MLP Tie-Up in Wake of FERC Tax Policy Change
EnLink Midstream on Monday announced plans to simplify its corporate structure, the latest in a wave of similar deals among midstream master limited partnerships (MLP) after changes to FERC’s tax policy made the MLP structure less beneficial for pipeline operators.
NGI The Weekly Gas Market Report
Murphy, Petrobras to Jointly Prospect in GOM Deepwater
Murphy Oil Corp. has formed a pact with a unit of Brazil’s Petróleo Brasileiro SA, aka Petrobras, to build a substantial outpost in the U.S. Gulf of Mexico (GOM).
NGI The Weekly Gas Market Report
Ensco, Rowan Extending Reach by Combining Global Offshore Drilling Fleets
Ensco plc and Rowan Cos. plc agreed Monday to merge in an all-stock transaction, creating one of the largest offshore drilling companies in the world, with extensive reach into ultra-deepwater basins including the U.S. Gulf of Mexico (GOM).