M&A

The heads of Dominion Energy Inc. and Scana Corp. told South Carolina regulators that the state could either accept Dominion’s proposed $14.6 billion offer to buy Scana, or they could watch the troubled public utility potentially fall into bankruptcy.

Dominion Energy Inc. said Wednesday it plans to buy Scana Corp., a South Carolina-based public utility, in an all-stock deal described as a “strategic combination” of its natural gas businesses — a merger that equates to $7.9 billion in stock, but with an overall value of about $14.6 billion.

Actis LLP has agreed to buy the Mexican assets of InterGen, an acquisition that marks the London-based private equity (PE) firm’s first major foray into the local power and natural gas business.

If 2017 proved to be a new beginning for the downtrodden oilfield services (OFS) sector, 2018 is expected to be the year that operators are positioned for future growth in both the onshore and offshore.

Enterprise Products Operating LLC and Tenaska Marketing Ventures’ on Thursday received from FERC a temporary waiver of the Commission’s capacity release regulations and related Northern Border Pipeline Co. tariff provisions.

McDermott International Inc. and CB&I agreed Monday to combine in an all-stock transaction worth an estimated $6 billion, a move that would narrow the energy engineering and construction competition.

Aria Energy, which engineers and provides landfill gas services from its home base in Novi, MI, has purchased a half-stake in BP plc’s Mavrix LLC to distribute renewable natural gas (RNG) to U.S. customers.

A multi-billion dollar natural gas-to-liquids (GTL) project underway near Lake Charles, LA, since 2012 by Sasol Ltd. has been scuttled.

Houston-based Talos Energy LLC agreed Tuesday to tie up with Stone Energy Corp., an all-stock transaction to create a publicly traded Gulf of Mexico (GOM) operator with assets offshore the United States and Mexico.