Acquisitions and mergers
Saipem announces agreement in principle for merger with Subsea7
Saipem and Subsea7 have announced that they have reached an agreement in principle on the key terms of a possible merger of the two companies through the execution of a Memorandum of Understanding (MoU). The proposed combination is expected to create a global leader in energy services.
Kinder Morgan closes on US$640 million acquisition of a natural gas gathering and processing system from Outrigger Energy II
The acquisition includes a processing facility and a 104 mile, large-diameter, high-pressure rich gas gathering header pipeline connecting supplies from the Williston Basin area to high-demand markets.
Altrad completes acquisition of Stork鈥檚 UK business
Altrad has confirmed it has completed the purchase of Stork TS Holdings Limited which holds the Stork UK group of companies.
ArcLight announces US$865 million acquisition of strategic pipeline interest
ArcLight Capital Partners, LLC and affiliates has announced that it has completed the acquisition of a 25% equity interest in Gulf Coast Express Pipeline LLC (GCX) for US$865 million from an affiliate of Phillips 66.
ONEOK announces completion of strategic EnLink Midstream acquisition
ONEOK, Inc. has announced that it has completed its acquisition of EnLink Midstream, LLC.
Stonehenge and UGI acquire Superior Midstream Appalachian pipeline gathering systems
Pine Run Gathering (a joint venture of Stonehenge and UGI) has announced that it has completed a transaction to acquire Superior Midstream Appalachian, LLC for US$120 million subject to customary adjustments.
Kinder Morgan announces acquisition of gas gathering and processing system in Bakken from Outrigger Energy II
The acquisition includes a processing facility and a 104 mile, large-diameter, high-pressure rich gas gathering header pipeline connecting supplies from the Williston Basin area to high-demand markets.
Howard Energy Partners acquires ethylene pipeline from EPIC Midstream Holdings
The 120 mile, 12 in., bidirectional pipeline provides critical ethylene transportation, connecting Gulf Coast Growth Venture鈥檚 petrochemical complex in Corpus Christi to storage facilities in Markham, Texas.
Phillips 66 to grow Permian midstream business with EPIC NGL acquisition
Phillips 66 has announced a definitive agreement to buy EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP, which own various subsidiaries and long haul natural gas liquids pipelines, fractionation facilities and distribution systems for total cash consideration of US$2.2 billion.
Martin Midstream Partners L.P. announces termination of merger agreement and cancellation of special meeting
Martin Midstream Partners L.P. has announced the termination of the previously announced Agreement and Plan of Merger dated 3 October 2024, with Martin Resource Management Corporation (MRMC), pursuant to which MRMC would have acquired all of the outstanding common units of MMLP not already owned by MRMC and its subsidiaries.