Mid-stream gas
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Oklahoma-based midstream natural gas company ONEOK will acquire 450 miles of natural gas liquids (NGL) pipeline from Houston, Texas midstream business Easton Energy.
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Midstream natural gas company Kinetik will sell its 16% equity interest in the Gulf Coast Express pipeline (GCX) to an ArcLight Capital Partners affiliate for $540 million in cash.
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Atlas Energy Solutions has appointed Blake McCarthy as its chief financial officer, effective 13 May 2024, PFR has learned.
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Motor fuel giant Sunoco has closed on its $7.3 billion all-equity acquisition of independent pipeline operator NuStar.
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The Bureau of Land Management has opened bidding on 5 lease sales for oil and gas-ready land across the US.
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Colorado-based Humble Midstream II Partners has hired Brian Newmarch and John Shefchik as CFO and VP, engineering and construction, respectively.
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The technology venture arm of US-based oil & gas producer Chevron has launched a third fund with $500 million in capital.
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PPL Corporation's CEO told the room of power executives at S&P's Global Power Market Conference 2024 that more natural gas power is needed despite a focus on renewables.
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Enbridge subsidiaries Enbridge Energy Partners and Spectra Energy Partners have closed on their offering of $3.5 billion in senior notes, PFR has learned.
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Chesapeake Energy’s $7.4 billion merger with Southwestern Energy has been delayed following a request from the Federal Trade Commission (FTC).
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Entergy New Orleans is issuing $150 million in first mortgage bonds with the Bank of New York Mellon, PFR has learned.
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Independent natural gas and oil company HighPeak Energy will up its existing $75 million credit agreement to $100 million, PFR has learned.
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Enbridge has closed on the sale of its 50% stake in the Alliance Pipeline and its 42.7% stake in Aux Sable to Pembina Pipeline.
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Cheniere Energy has closed the sale of a $1.5 billion aggregate principal senior notes offering, PFR has learned.
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EQT Corporation will acquire natural gas provider Equitrans Midstream Corporation in an all-stock transaction valued at $5.45 billion.
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Canadian pipeline and energy company Enbridge has closed on its acquisition of Dominion Energy’s East Ohio Gas Company (EOG) for $6.6 billion.
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TC Energy and partner Northern New England Investment Company are to sell the Portland Natural Gas Transmission System (PNGTS) to BlackRock and investment funds managed by Morgan Stanley Infrastructure Partners (MSIP).
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New Fortress Energy (NFE) has inaugurated its Barcarena LNG terminal – part of a thermoelectric complex project in Barcarena, Pará state.
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Investment bank Moelis & Company has hired Stephen Trauber, formerly Citi's global head of energy transition, as chairman and global head of its energy and energy transition team.
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Delta Utilities – a portfolio company of Bernhard Capital – has today (20 February) entered an agreement with CenterPoint Energy to acquire natural gas distribution networks.
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New Fortress Energy has completed sale of its 20% equity interest in global maritime infrastructure company Energos Infrastructure to Apollo-managed funds.
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National Fuel Gas Company (NFG) has entered a multi-bank $300 million unsecured term loan credit facility, PFR has learned.
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Verde Clean Fuels and a Diamondback Energy subsidiary have signed a joint development agreement for a facility to produce commodity-grade gasoline using natural gas feedstock supplied from Diamondback’s operations in the Permian Basin.
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Evergy will acquire a 22.2% interest stake in 655MW natural gas-fired facility Dogwood Energy, PFR has learned.
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A Tenaska affiliate has acquired 6 natural gas generation facilities from IMG Energy Solutions.
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Spire is offering $350 million in 5.3% senior notes due 2026 to help fund the acquisition of the MoGas and Omega pipeline systems.
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BP Energy Partners-owned Cryopeak LNG Solutions has merged with the Energy & Minerals Group-owned Ferus Natural Gas Fuels, combining their LNG production and distribution technologies.
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Midstream power company NGL Energy Partners has closed on a $2.9 billion refinancing.
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Quantum Capital Group has partnered with Humble Midstream II to fund the company’s continuing development and operation of US-based energy infrastructure projects.
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Midstream power company NGL Energy Partners has increased its senior secured notes offering to $2.2 billion.
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Motor fuel giant Sunoco has agreed to acquire independent pipeline operator NuStar in an all-equity transaction valued at $7.3 billion.
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CorEnergy Infrastructure has closed on sale of its MoGas and Omega pipeline systems (MoGas System) to Spire subsidiary Spire Midstream.
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The Bureau of Land Management (BLM) will begin the first of 8 oil and gas lease sales this year with the auction of 19 Wyoming-sited parcels covering 13,858.91 acres on 5 March.
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LS Power has agreed to acquire an 810MW natural gas-fired power plant sited in Gettysburg, Pennsylvania from an affiliate of Platinum Equity.
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Despite renewables grabbing the headlines, emergency weather situations and the increased energy demand in cities with rapidly rising populations have been catalysts for a “gas renaissance” in the M&A power space.
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Spire has named Scott Doyle its executive vice president and chief operating officer, effective January 15, 2024.
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Williams has closed on its $1.95 billion acquisition of a portfolio of natural gas storage assets from an affiliate of Hartree Partners.
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Cadiz has received the final regulatory nod from the US Bureau of Land Management (BLM) to complete its acquisition of the 220-mile pipeline from El Paso Natural Gas (EPNG).
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Southern Company subsidiary Georgia Power Company (GPC) will sell multiple specified transmission lines to Georgia Transmission Corporation (GTC), PFR has learned.
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Independent power producer Nightpeak Energy (Nightpeak) has closed on its acquisition of NRG subsidiary Saguaro Power Company (Saguaro).
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Kinetik Holdings will offer $500 million in sustainability-linked senior notes due 2028.
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Chesapeake Utilities has completed its acquisition of Florida City Gas, which will henceforth act as a wholly-owned subsidiary of the company.
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Chesapeake Utilities is looking to raise $330 million through a common stock offering to help fund its Florida City Gas acquisition, expected to close in the fourth quarter of 2023.
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NextEra Energy Partners is selling its Texas natural gas pipeline, STX Midstream, to Kinder Morgan for $1.8 billion.
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Natural gas and wastewater company Essential Utilities has closed on the sale of its entire West Virginia natural gas utility portfolio to Hope Gas.
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Energy and infrastructure investment giant NextEra has agreed to sell Florida City Gas (FCG) to oil and gas company Chesapeake Utilities.
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Trinity Gas Storage has closed $189 million in equity funding from private equity firm Transition Equity Partners and debt financing led by Investec as the joint lead arranger for its natural gas storage facility in Anderson County, Texas. The other investors include Pan Capital Management, Arbdn, SailingStone Capital Partners, and Rice Investment Group.
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Enbridge has agreed to acquire three Dominion Energy assets for $14 billion in a merger creating North America’s largest natural gas utility platform by volume.
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Rockland Capital, a private energy investment company, has purchased a natural gas- and oil-fired energy facility in the NYISO market from GenOn Holdings, inc.
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Natural gas company PureWest Energy has merged with a newly formed entity sponsored by a private consortium of family offices and financial institutions (PW Consortium) in a $1.84 billion deal.
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LS Power is set to acquire a 2.1GW natural gas generation portfolio from Brazos Electric Power Cooperative in ERCOT.
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NextEra Energy Partners is looking to sell its STX Midstream and Meade natural gas pipeline assets as it focuses on its renewable energy portfolio.
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Canadian pipeline and energy company Enbridge has agreed to acquire the Aitken Creek natural gas storage facility from FortisBC Holdings Inc for $400 million.
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Despite advancements in battery storage posing a long-term risk to natural gas – as the long-term growth of renewable power erodes market share for the fossil fuel – the conventional power generation method still has a large part to play in energy transition.
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Electricity Generating (EGCO), the power generation arm of the Electricity Generating Authority of Thailand, has completed the acquisition of a 49% interest in Rhode Island State Energy Centre (RISEC) in Johnston, Rhode Island.
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Eneva has closed its acquisition of CELSEPAR, the holding company which owns the largest LNG-to-power asset plant in Brazil.
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Sempra Infrastructure and state-owned utility company Comisión Federal de Electricidad (CFE) have entered agreements to advance their partnership in Mexico.
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Infrastructure Investments Fund (IIF) has acquired the country's largest privately owned gas storage company, Enstor Gas, from ArcLight Capital Partners.
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A group of industry veterans have formed Cardinal Midstream, an independent energy company, and received a capital commitment of $300 million from EnCap Flatrock Midstream.
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Ullico has struck a deal to acquire regulated gas distribution company Hope Gas (also known as Dominion Energy West Virginia) for $690 million.
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Freeport LNG has signed a letter of intent with oil and gas firm Talos Energy to develop a carbon capture and sequestration (CCS) project at the site of its Freeport LNG export facility on Quintana Island, near Freeport, Texas.
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Global Infrastructure Partners (GIP) has struck a deal to sell its stake in the 15 mtpa Freeport LNG export facility on Quintana Island, near Freeport, Texas.
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Sempra Energy has closed the sale of a 20% stake in its subsidiary, Sempra Infrastructure Partners, to investment firm KKR & Co, five months after announcing the deal.
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Sempra Energy’s cash tender offer for a 3.6% slice of publicly-held shares in its Mexican subsidiary, Infraestructura Energética Nova (IEnova), expired on September 10.
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New Fortress Energy (NFE) has started commercial operations at its LNG terminal in the port of Pichilingue, Mexico.
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A buyer has emerged for a natural gas pipeline and storage developer based in the Northeastern US, following a competitive auction process.
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CenterPoint Energy has found a buyer for two of its natural gas utility businesses, following a sale process that was first announced in November.
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Petrobras has sold its remaining 10% stake in the Transportadora Associada de Gás (TAG) pipeline network to Engie and Caisse de dépôt et placement du Québe – the same consortium that already owns the other 90%.
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Global Infrastructure Partners' credit fund GIP Spectrum has emerged as one of the key investors in the recent project bond offering for the Whistler gas pipeline in Texas.
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A consortium including Stonepeak Infrastructure Partners has closed a dual-tranche private placement to fund construction of the Whistler gas pipeline in Texas.
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A group of renewable energy developers in Mexico have won a legal reprieve against grid operator Cenace' suspension of interconnections for wind and solar projects.
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A consortium including Stonepeak Infrastructure Partners has launched a private placement to finance construction of the Whistler natural gas pipeline in Texas.
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Developers in Mexico have been left waiting for the government to release its private investment plan for energy projects following a delay by the administration.
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NextEra Energy Partners closed almost $1 billion in two-tranche debt financing last month to fund its acquisition of a 39.2% stake in the 185-mile intrastate Central Penn gas pipeline.
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Wataynikaneyap Power and Fortis achieved financial close and notice to proceed on a C$1.9 billion ($1.4 billion) transmission project in northwestern Ontario on Oct. 29.
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Atlantica Yield has completed the acquisition of operational transmission assets in Peru from Abengoa, noting in an investor presentation that they are free of debt and present a "refinancing opportunity."
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The marine gas pipeline Sur de Texas-Tuxpan in Mexico started commercial operations today after TC Energy and IEnova signed a renegotiated contract with the national power utility Federal Electricity Commission on Sept. 13.
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Cheniere Energy Partners closed $1.5 billion in senior secured loans with 29 lenders on May 29 to finance construction of train 6 of its Sabine Pass Liquefaction project in Cameron Parish, La.
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Stonepeak Infrastructure Partners has agreed to provide $1.3 billion in equity for Venture Global’s Calcasieu Pass LNG export facility in Cameron Parish, La., as the sponsor works with lenders on project financing.
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Morgan Stanley has provided Venture Global with a bridge facility for its Calcasieu Pass LNG export terminal in Louisiana.
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Power Finance & Risk is now accepting pitches for Deal of the Year as part of its 16th Annual Deals and Firms of the Year Awards, recognizing excellence in power asset M&A and project finance across the Americas.
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Details have emerged about the approximately $1 billion portfolio of GE Energy Financial Services equity holdings which Apollo Global Management announced it would be acquiring last week (PFR, 10/8).
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Apollo Global Management has emerged as the buyer of a mostly U.S. portfolio of GE Energy Financial Services' equity holdings, following a competitive auction.
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Having completed its move from GE Energy Financial Services to a new home at Starwood Property Trust, Denise Persau’s project finance team is looking forward to having a broader mandate, potentially investing up and down the capital structure and in non-energy infrastructure.
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Kinder Morgan has appointed an investment bank as financial adviser on a sale process for its remaining Canadian business, which could yield as much as C$2.4 billion ($1.8 billion).
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Over 20 lenders have committed $3 billion to fund a three-year term loan for Dominion Energy’s Cove Point LNG terminal.
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GE Capital has found a buyer for its GE Energy Financial Services project finance debt business, including a team of employees. [Updated with acquisition finance details]
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Jefferies has hired a senior banker from a bulge-bracket firm as it rebuilds its power and utilities investment banking team in New York.
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The U.S. Department of Energy has asked lenders to submit applications for federal loan guarantees under an up-to-$2 billion program to support projects sponsored by Native American and Alaska Native communities.
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Fermaca has raised $805 million through a term loan and a bond to refinance a 2015 construction loan secured against its El Encino–La Laguna gas pipeline.
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