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.
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NGI The Weekly Gas Market Report
Total’s Takeover of Engie LNG Portfolio Adds Cameron Stake, Heft to Global Gas Exports
France’s Total SA is joining the ranks of the biggest liquefied natural gas (LNG) operators in the world after agreeing Wednesday to buy Engie’s portfolio in a transaction worth up to $2 billion.
NGI The Weekly Gas Market Report
Alaska LNG Draws Major Support from China as Sinopec, Financiers Step Forward
Three Chinese companies tentatively have stepped forward to help finance Alaska’s costly and long-stalled natural gas export dreams.
NGI The Weekly Gas Market Report
American Midstream, Southcross Merger to Create Gulf Coast Powerhouse for Onshore, GOM
American Midstream Partners LP (AMID) on Wednesday announced an estimated $3 billion merger with Southcross Holdings LP entities, a transformational tie-up that when completed would create an enterprise with 8,000 miles of onshore and offshore natural gas, crude and liquids pipelines, and substantial gas and liquids processing.
NGI The Weekly Gas Market Report
Sempra Eyes Gulf Coast, Mexico for Natural Gas Growth
The pending $9.45 billion acquisition of the parent for Texas-based Oncor Electric Delivery Co. would help natural gas-focused Sempra Energy double down on its efforts to become a major player on the Gulf Coast, adding to liquefied natural gas (LNG) and Mexico opportunities, CEO Debra Reed said Monday.
NGI The Weekly Gas Market Report
Vistra Energy, Dynegy to Combine Generation Fleets
Vistra Energy and Dynegy Inc. said Monday they plan to merge, a deal that would create a leading integrated power company with an enterprise value greater than $20 billion and market capitalization in excess of $10 billion.
Brief — Oxy Mini-Tender
Houston-based Occidental Petroleum Corp. (Oxy) is recommending stockholders not respond to a mini-tender offer by TRC Capital Corp., which is seeking to purchase two million shares, or about 0.26% (as of Oct. 20) of the exploration and production company’s outstanding shares. By attempting to obtain less than 5% of outstanding shares, TRC’s mini-tender offer would bypass scrutiny by the Securities and Exchange Commission. TRC has made mini-tender offers for other energy firms in the past that include ConocoPhillips and Encana Corp.
Southern Selling Two NatGas Utilities to SJI for $1.7B
Southern Company announced Monday that it has reached a deal to sell its Elizabethtown Gas and Elkton Gas affiliates to South Jersey Industries (SJI) for $1.7 billion.
NGI The Weekly Gas Market Report
BP Midstream IPO Looking to Generate $800M-Plus
BP plc has launched an initial public offering for its Houston-based pipeline spinoff BP Midstream Partners LP.
Tucson Electric Adds More NatGas-Fired Generation
Tucson Electric Power (TEP) on Friday said it expanded its ownership in natural gas-fired generation from the Gila Band, AZ, complex through an agreement with Phoenix-based Salt River Project (SRP).