Having eclipsed coal as primary fuel, midstream deal flow dominates utilities.
4Subsea will acquire Astori AS, a Norwegian provider of subsea control systems for well intervention operations. Astori’s automation and control technology tie into 4Subsea’s portfolio of critical decision support solutions for operators.
Williams unveiled a series of transactions on March 18 it expects will consolidate and optimize its midstream operations in the western Marcellus and Utica shale basins.
Big private-equity house is keen to build out from base of 1.4 million bbl/d disposal.
Brigham Exploration closed on equity commitments from institutional and private investors earmarked to continue its nonop acquisition strategy in the prolific Permian Basin.
Petrobras is aggressively divesting noncore assets in a bid to reduce its hefty debt load, which has steadily fallen in recent years but is still above that of its peers.
Consolidation continues in the heated Haynesville and Bossier. Early buyers already have great results to report. Here’s how one operator has built its portfolio and hear transactioneers’ outlook for more needle-moving deals.
Equitrans Midstream Corp. said on March 15 its unit will buy a stake in two pipeline systems in Ohio and West Virginia from a fund managed by Morgan Stanley, in a deal worth $1.03 billion.
BW Offshore has entered into an agreement to acquire the remaining 30% of the Maromba field offshore Brazil for a total acquisition cost of $25 million from Chevron, the company said on March 14.
Noble Energy has targeted divestitures of between $500 million to $1 billion in assets sales to support its ambitious, though frugal plans for 2019.
