In an April 20 statement, Huntington Ingalls Industries (NYSE:HII) announced it completed discussions with Kinder Morgan Inc. (NYSE:KMI) regarding redevelopment of HII’s Avondale shipyard in Louisiana.
Exterran Holdings Inc. (NYSE: EXH) and Exterran Partners LP (NYSE: EXLP) announced April 20 that Exterran Partners acquired assets from Exterran Holdings for consideration valued at $102.3 million.
Dan Revers, managing partner and co-founder of ArcLight, said the firm has a long track record of investing in refined products storage and pipeline infrastructure.
JP Energy Partners LP will acquire the assets of Southern Propane Inc. for about $14.9 million, Business Wire said. JP also announced plans for its Silver Dollar Pipeline system.
Global Partners LP will purchase 97 Mobil- and Exxon-branded retail gas stations and seven dealer supply contracts for about $156 million. The stations are in New York and Maryland/Washington D.C.
Brazos Midstream Holdings LLC partnered with Old Ironsides Energy LLC to pursue the acquisition and development of U.S. midstream assets.
Garth Braun, chairman, president and CEO, said the company can now attract midstream investments for takeaway. Blackbird now has 51,840 acres in its core project.
If Shell buys BG Group Plc, gas from Australia’s Arrow project could be sold, an analyst said. Shell and PetroChina won’t build an export terminal due to costs, Bloomberg said.
The Los Ramones pipelines project, and other large-scale energy infrastructure projects, will receive investments through the US$1 billion joint venture. Los Ramones, now under construction, will run 744 kilometers.
Michigan-based Atwell LLC acquired the engineering, gas design and survey division of Virginia-based Bowman Consulting. The 20-person staff is from Bowman’s oil and gas division.
Andy Reckles, Legend’s board chairman and CEO, said that acquiring Maxxon puts Legend squarely into midstream. The company will continue its E&P business in Kansas and Oklahoma, he added.
Greg Goff, chairman and CEO of QEP Midstream Partners GP, said the merger will allow a simplified business structure. The transaction is scheduled to close this year, subject to approvals.
|E&P||USD 300||Members only||Paloma Partners III LLC|
|E&P||CAD 321||Members only||Penn West Petroleum Ltd.|
|Mid||USD 102.3||Members only||Exterran Holdings Inc.|
|E&P||CAD 172||Members only||Undisclosed|