Acquisitions & Divestitures - Midstream

Petronas Weighs Sale To Exit Canada LNG Project, Sources Say

The sources said Petronas has been considering a sale for months, after it became apparent that a Canadian approval was possible, but had yet to take a final decision.


Enbridge Agrees To Sell South Prairie Assets For $814 Million

Enbridge has agreed to sell its South Prairie liquids pipelines as part of its strategy to finance the recent $28 billion acquisition of Spectra Energy.


Midstream A&D Pipes Up: 48 Hours, $3.8 Billion In Deals

From the Permian Basin to the Marcellus Shale, pipelines deals scored a triumph to close out third quarter.


Canada Must Decide Whether To Double Trans Mountain Pipeline Capacity

The Trans Mountain twinning would allow producers to transport more crude to tidewater, where they can get higher prices. Canadian crude trades at a discount, in part because of pipeline capacity shortages, Reuters reported.


Sempra’s IEnova Completes Acquisition Of Pemex Stake In Mexico Pipeline JV

Pemex will retain 50% shareholder interest in the Ramones II Norte Pipeline project through Ductos y Energeticos del Norte S de RL de CV.  


Whiting's Volker: Tribal Service Deals Could Help Dakota Access Impasse

Jim Volker, Whiting's CEO, said concerns would be best addressed through economic opportunities, including contracting with American Indian-owned firms for water hauling and other oilfield service.


Shell Midstream Acquires Interests In GoM Assets For $350 Million

For $350 million, the Houston company will buy an additional 20% equity interest in Mars Oil Pipeline Co. and a 49% equity interest in Odyssey Pipeline LLC.


Vitol Bucks Trend, Backs Out Of Permian

Sunoco Logistics purchases Vitol’s Permian crude system for $760 million.


Dakota Access: Obama Avoids Pipeline Comment But Urges Tribal Sovereignty

Obama avoided direct mention of the Dakota Access pipeline in North Dakota that has provoked high-profile protests but urged tribal leaders to use the spotlight to continue pushing for recognition even after he leaves office.


Petrobras Reports Regulatory Issues Prevent Sale Of LNG Terminal

Regulatory issues are preventing Petrobras from progressing with plans to sell its LNG regasification terminal located in the state of Ceara, Pedro Parente, CEO of the state-run oil company, said on Sept. 26.


Traversing Tough Times In Texas

Work in the Delaware Basin has provided several midstream companies opportunities to make money, acquire assets and even build out during the downturn.


TransCanada's Columbia Pipeline Offers To Buy MLP For $848 Million

TransCanada, which completed its $10.3 billion takeover of Columbia Pipeline Group in July, had said it was reviewing strategic alternatives for MLP holdings, including Columbia Pipeline Partners.