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Brookfield to Acquire 60% Stake in Bermuda-based Teekay Offshore Partners for $750 Million
September 28, 2017
Brookfield Business Partners has acquired 60 percent interest in Bermuda-based Teekay Offshore Partners for around $750m. Teekay Offshore offers marine services and solutions focusing mainly on production and logistics to the offshore oil industry. The firm is a publicly traded
International Petroleum to Acquire Cenovus’ Suffield Assets for $413 Million, Canada
September 28, 2017
Canadian oil company Cenovus Energy has agreed to divest its Suffield crude oil and natural gas assets in southern Alberta to International Petroleum Corporation (IPC) for a sum of C$512m ($413.2m). The Suffield assets of Cenovus include properties on Canadian
Phillips 66 Partners to Acquire Stake in Bakken Assets for $2.4 Billion
September 28, 2017
Phillips 66 Partners (PSXP) has entered into a $2.4bn transaction with energy giant Phillips 66 to buy the latter’s pipeline and other assets in the Bakken basin in the US. The transaction, which marks the largest ever till date for
PDC Energy to Acquire Bayswater’s Wattenberg Gas Field for $210 Million, Colorado
September 28, 2017
PDC Energy has agreed to acquire select assets in the Wattenberg Gas Field in the Denver Basin in Colorado from Bayswater Exploration & Production and certain related parties for a sum of nearly $210m. The bolt-on acquisition comprises around 8,300
Veresen Submits FERC Application for LNG Export Terminal and Gas Pipeline, Oregon
September 28, 2017
Veresen has submitted applications to the US Federal Energy Regulatory Commission (FERC) to construct and operate liquefied natural gas (LNG) export terminal and related gas pipeline in Oregon. The applications have been submitted for Jordan Cove energy project and Pacific
Tally Energy Services to Focus on Building North American Shale Products and Services Company
September 27, 2017
Tally Energy Services, a private equity backed firm with a buy and build strategy in specialized North American shale products and services, recently launched its operations in Houston, Texas. With sponsorship from RedBird Capital Partners and Sallyport Investments, Tally Energy
American Midstream Acquires Panther Asset Management for $52 Million
September 27, 2017
American Midstream Partners, LP has acquired 100 percent of the assets in Panther Asset Management, LLC for a total consideration of approximately $52 million. The consideration consisted of approximately $39 million cash from borrowings under the partnership’s revolving credit facility
Stabilis Energy to Acquire Prometheus Energy’s LNG Production Facility in Lisbon, Utah
September 27, 2017
Stabilis Energy has signed a definitive agreement to acquire Prometheus Energy’s 20,000 gpd LNG production facility in Lisbon, Utah. The acquisition extends Stabilis’ LNG production capabilities into the Rocky Mountain Region and provides a platform for additional growth in small-scale
GlobeLTR Energy Changes Its Name to Gravity Oilfield Services, Initiates Corporate Rebranding
September 27, 2017
Gravity Oilfield Services, formerly known as GlobeLTR Energy Inc., has initiated a comprehensive rebranding effort. Gravity is a portfolio company of affiliates of Clearlake Capital Group, L.P., formed in February 2017 through the merger of established Permian-based oilfield service providers
Dow Starts Up World-Scale Ethylene Production Facility and ELITE™ Polyethylene Unit in Texas
September 26, 2017
DowDuPont Materials Science, the business division of DowDuPont to be named Dow, has started its new integrated world-scale ethylene production facility and its new ELITE™ enhanced polyethylene production facility, both in Freeport, Texas. These two key milestones enable Dow to
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