Acquisitions and mergers
ONEOK announces closing of controlling interest in Enlink Midstream
The acquisition consists of 43% of EnLink's outstanding common units for US$14.90 per unit and 100% of the interests in the managing member for US$300 million.
Pigs Unlimited International, LLC, acquires assets of the manufacturing division of Pipeline Pigging Products
Pigs Unlimited International, LLC, has acquired the assets of the manufacturing division of Pipeline Pigging Products.
Reuters: Italgas signs US$5.8 billion deal to buy smaller rival 2i Rete Gas
Reuters has reported that Italgas will buy rival 2i Rete Gas in a €5.3 billion (US$5.8 billion) deal.
Martin Midstream Partners L.P. to be acquired by Martin Resource Management Corporation
Martin Midstream Partners L.P. has announced a definitive agreement and plan of merger, pursuant to which Martin Resource Management Corporation would acquire all of the outstanding common units of MMLP not already owned by MRMC and its subsidiaries.
Summit Midstream announces acquisition of Tall Oak Midstream
Tailwater Capital has announced that it has entered into definitive agreements with Summit Midstream Corporation, whereby Summit will acquire Tall Oak Midstream and its subsidiaries for a total consideration of approximately US$450 million.
Enbridge completes acquisition of PSNC
The asset portfolio includes over 13 000 miles of natural gas distribution and transmission pipelines.
Reuters: Diamondback and Kinetik buy 30% stake in EPIC Crude pipeline
Reuters has reported that oil and gas firms Diamondback Energy and Kinetik Holdings said they acquired a 30% equity interest in the EPIC Crude pipeline system.
Chesapeake's US$7.4 billion acquisition of Southwestern Energy set to conclude in 4Q24
US gas company Chesapeake Energy's acquisition of Southwestern Energy is now expected to close early in 4Q24, Reuters cited the company’s CEO Nick Dell'Osso as saying.
Bapco Energies to sell minority stake in Saudi-Bahrain pipeline to BlackRock
The 112 km pipeline is crucial for transporting crude oil from Saudi Aramco to Bahrain's national refinery, Bapco Refining.
Apollo partners with bp in Trans Adriatic pipeline
Apollo Funds to become a non-controlling shareholder in bp Pipelines TAP Limited, an entity which holds a 20% stake in the Trans Adriatic Pipeline.