The transaction’s closing is still expected in the
Williams said in a statement that Energy Transfer Equity has used "delay and obstruction" to try and wriggle out of its agreement but Energy Transfer responded on May 15 by saying the lawsuit was an attempt to gain leverage in any future deal talks.
Brookfield's purchase of pipeline unit Nova Transportadora do Sudeste SA, with nearly 1,560 miles (2,500 kilometers) of pipelines, could be the country's biggest corporate takeover so far this year, according to Thomson Reuters data.
The Rockies Express Pipeline is one of the largest pipelines ever constructed in the U.S. The more than 1,700-mile pipeline stretches from northwestern Colorado and Wyoming to eastern Ohio.
The transaction includes the Sweeny Fractionator One NGL fractionator in the Phillips 66 Sweeny Refinery complex, the Clemens Caverns storage facility and the Standish Pipeline.
Williams has alleged that Energy Transfer is looking into ways to walk away from the tie-up even though the terms of the deal would not allow that.
A new timeline will give the companies time to renegotiate terms ahead of June 28 - the deadline for the deal to close, people familiar with the matter told Reuters on May 2.
The Denver company acquired a 66.7% interest in the Okeanos pipeline, a 100-mile gas gathering system in the GoM, from an affiliate of its general partner for an undisclosed amount.
The terminal is on the North Sea Canal in the Amsterdam, Rotterdam and Antwerp (ARA) region, which has Europe’s largest concentration of refining capacity; ARA is also one of the largest refined product trading hubs globally.
The Denver-based company's acquisitions consited of incremental ownership in Delta House, which is a semisubmersible Floating Production System in the GoM. Delta House is operated by LLOG Exploration Co. LLC.
Southern Kentucky Energy said April 25 it has completed the purchase of natural gas operations, including producing wells and midstream assets, through two separate transactions.
A committee of independent directors appointed by Husky’s board to review and assess the transaction was advised by BMO Capital Markets. Osler, Hoskin & Harcourt LLP was legal adviser.
|E&P||USD 4400||Members only||Memorial Resource Development Corp.|
|E&P||CAD 595||Members only||Husky Energy Inc.|
|E&P||CAD 475||Members only||Athabasca Oil Corp.|
|E&P||USD 0||Members only||JX Nippon Oil & Gas Exploration Corp.|