Calgary-based Enbridge Inc., following a route by other North American pipeline operators, on Tuesday agreed to acquire the remaining stakes in three North American units for about $7 billion, bringing all of its natural gas and liquids assets under one umbrella.
M&A
Articles from M&A
Brief — Scana-Dominion Merger
Cayce, SC-based Scana Corp. said its proposed merger with Dominion Energy Inc. took a step forward after the U.S. Nuclear Regulatory Commission approved the indirect transfer of three nuclear power plant licenses from a Scana subsidiary to Dominion. The merger, valued at $14.6 billion, remains contingent upon approvals from the public service commissions of South Carolina and North Carolina, among other conditions.
September 5, 2018
Pieridae Acquires Western Canadian Producer to Support Goldboro LNG Terminal
The Canadian contender to start liquefied natural gas (LNG) exports from the Atlantic Coast has scooped up a western producer capable of supplying 16% of the first half of the proposed Nova Scotia terminal’s planned capacity.
August 27, 2018
YCI Gains Koch Methanol as Equity Investor in Louisiana Project
Houston-based Yuhuang Chemical Industries Inc. (YCI) on Thursday clinched an agreement giving Koch Methanol Investments LLC a minority stake in YCI Methanol One LLC, a $1.85 billion production facility under construction in St. James Parish, LA.
August 24, 2018
Enbridge to Acquire Spectra MLP, Cites FERC Tax Policy Change
Enbridge Inc. will simplify its corporate structure by acquiring affiliated master limited partnership (MLP) Spectra Energy Partners LP (SEP) in an all-stock transaction valued at $3.3 billion (C$4.3 billion), the companies announced Friday.
August 24, 2018
Permian Players Diamondback, Energen Agree to $9.2B Merger
Diamondback Energy Inc., fresh off a $1.2 billion deal to build its position in the Permian Basin, late Tuesday agreed to buy West Texas-focused Energen Corp. in an all-stock deal valued at $9.2 billion.
August 14, 2018
Kosmos Enters U.S. GOM with $1.23B Acquisition of Deep Gulf Energy
Kosmos Energy Ltd. said Monday it plans to enter the U.S. Gulf of Mexico (GOM) by acquiring Deep Gulf Energy Cos. (DGE), three entities with several deepwater projects, from the portfolio of First Reserve Corp. in a cash and stock deal valued at about $1.23 billion.
August 6, 2018
Tidewater, GulfMark Combination to Create Houston-Based OSV Giant
Houston-based operators Tidewater Inc. and GulfMark Offshore Inc. have agreed to combine in a transaction valued at $1.25 billion, creating a global offshore support vessel (OSV) leader positioned to capitalize on cost synergies and growth opportunities as a recovery gains traction.
July 16, 2018
Total Becomes No. 2 Global LNG Player with Engie Acquisition
Oil and natural gas major Total SA became the second largest global liquefied natural gas (LNG) player on Friday with the completion of its acquisition of Engie SA’s portfolio of upstream LNG assets valued at $1.5 billion, the French company said.
July 13, 2018
Brief — Avista, Hydro One Merger
The pending $5.3 billion merger of Ontario utility Hydro One Ltd. and Spokane, WA-based Avista Corp. has gained approval from the Montana Public Service Commission, leaving three regulatory approvals in Idaho, Oregon and Washington left to clear, which are expected this year. The combination, also approved by Alaska regulators, has gained all required federal approvals.
July 11, 2018
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