Natural Gas Utilities
NIPPON GAS CO LTD:To acquire simple gas business from Saitama-based company at price of 60 mln yen.Effective Oct. 10.
American Midstream Partners LP closes acquisition of offshore oil gathering assets from DCP Midstream
American Midstream Partners LP:Completes acquisition of entities holding offshore oil gathering assets from an affiliate of DCP Midstream, LLC (DCP).On July 14, 2014, Partnership announced execution of purchase and Sale Agreement (PSA) for acquisition from DCP of entities holding onshore natural gas processing and offshore natural gas gathering and transportation and oil gathering assets for consideration of about $115 mln.Assets to be acquired included Mobile Bay gas processing plant (Mobile Bay), Dauphin Island gathering and transmission system (DIGP), and DCP's interest in the Main Pass Oil Gathering System (MPOG).
Exterran Partners LP:Announced that Exterran Partners has completed its previously announced acquisition of natural gas compression assets from MidCon Compression, L.L.C., a subsidiary of Chesapeake Energy Corporation.For about $135 million.Assets acquired include 162 compression units, with a total horsepower of about 110,000.
Envestra Ltd:Says that CK ENV Investments Pty Ltd holds 1,446,919,389 person’s votes representing 80.53 pct.voting power of the company.Previously it had an interest of 647,862,523 person’s votes representing 36.06 pct.voting power of the company.
American Midstream Partners LP:Announced that the approval of the Partnership's exercise of its right-of-first-offer to acquire the Gonzales County full-well-stream gathering system from an affiliate of ArcLight Capital Partners, LLC.Partnership also executed an option agreement to acquire a 50 percent interest in Republic Midstream, LLC from an affiliate of ArcLight.Acquisitions of these assets would complement the Partnership's existing natural gas gathering and re-delivery system in Lavaca County and create a competitive position in a prolific shale play supported by long-term, fee-based agreements with dedicated acreage.
China Oil and Gas Group Ltd announces acquisition of 100 pct. equity interest in n oil and gas producing company in Canada
China Oil and Gas Group Ltd:Referred to the announcement of the company dated June 20, in relation to acquisition of 100 pct. equity interest in Baccalieu Energy Inc., the target company.Unless otherwise defined, capitalised term used in this announcement shall have same meanings as those defined in announcement.Says that all conditions precedent under arrangement agreement have been fulfilled and all related procedural registration matters have also been completed, and the target company has become an indirect wholly owned subsidiary of the company.
American Midstream Partners LP executes agreement to acquire assets from DCP Midstream, LLC for $115 Million
American Midstream Partners LP:Says execution of a Purchase and Sale Agreement with an affiliate of DCP Midstream, LLC to acquire entities holding onshore natural gas processing and offshore natural gas gathering and transportation and oil gathering assets for consideration of about $115 million.Says the acquisition complements American Midstream's High Point system located in Southeast Louisiana, and improves AMID's ability to compete for increased shallow-water and deep-water production from new drilling in the prolific oil and gas eastern region of the Gulf of Mexico.Says the acquisition is expected to be funded through the private placement of American Midstream common units.Says the acquisition is expected to close in Aug. 2014.The assets to be acquired include the Mobile Bay gas processing plant, Dauphin Island gathering and transmission system, and DCP's interest in the Main Pass Oil Gathering System.
Exterran Partners LP:Exterran Partners has entered into an agreement to acquire natural gas compression assets from MidCon Compression, L.L.C., a subsidiary of Chesapeake Energy Corporation, for about $135 million.The assets to be acquired include 162 compression units, with a total horsepower of about 110,000.
UGI Corp:Reaches agreement in principle to acquire Total`s liquefied petroleum gas (LPG) distribution business in France.For price of about 400-450 mln euros, subject to legally required employee information and consultation procedures and regulatory approvals.