Natural Gas Utilities

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ENN Energy Holdings Ltd 's subsidiary acquires interest in CA Target

Tuesday, 28 Oct 2014 06:43am EDT

ENN Energy Holdings Ltd:Says subsidiary entered into sale and purchase agreements with ENN Transportation Fuels S.À .R.L.Pursuant to which ENN Transportation Fuels S.À .R.L has agreed to sell, and ENN Gas North America Investment Ltd has agreed to purchase, CA Target Interests for consideration of $20 mln.ENN Transportation Fuels S.À .R.L has agreed to sell, and ENN Gas North America Investment has agreed to purchase, US Target interests for consideration of $180 mln.

American Midstream acquires Costar Midstream

Tuesday, 14 Oct 2014 01:50pm EDT

American Midstream Partners, LP:Acquires Costar Midstream LLC (Costar) from Energy Spectrum Partners VI LP and Costar management for about $470 million.Costar is an onshore gathering and processing company with its primary gathering, processing, fractionation, and off-spec condensate treating and stabilization assets in East Texas and the prolific Permian basin.Says acquisition was funded with 6.9 million American Midstream common units issued directly to Energy Spectrum and Costar senior management, and $272 million of cash from borrowings under the Partnership's revolving credit facility and proceeds from the August 2014 private placement of common units.Says acquisition closed Oct. 14.

Targa Resources Partners LP and Targa Resources Corp. to acquire Atlas Pipeline Partners, L.P. and Atlas Energy, L.P

Monday, 13 Oct 2014 07:40am EDT

Targa Resources Partners LP and Targa Resources Corp:To Acquire Atlas Pipeline Partners, L.P. and Atlas Energy, L.P.Targa Resources to acquire ATLS following the spin-off by ATLS of its non-midstream assets for total consideration of $1.869 bln.Targa Resources Partners will acquire Atlas Pipeline Partners for total consideration of $5.8 bln.Evercore Partners acted as financial advisor to Targa Resources Partners and the special committee of the Targa Resources Partners' Board of Directors.Richards, Layton & Finger served as legal counsel to the special committee of the Board of Directors of the general partner of Targa Resources Partners.Wells Fargo Securities, LLC acted as financial advisor to Targa Resources Corp. and Vinson & Elkins LLP acted as legal counsel for the Partnership and the Company.BofA Merrill Lynch is providing committed financing to Targa Resources for the transaction.

Daesung Industrial to acquire properties

Thursday, 2 Oct 2014 04:24am EDT

Daesung Industrial Co Ltd:To acquire land and building measured 22,687.89 square meters in Giheung-gu.Transaction price is 141,912,751,950 won.Expected transaction settlement date of April 2, 2017.

EnLink Midstream signs definitive agreement to acquire Gulf coast natural gas pipeline systems

Monday, 29 Sep 2014 08:30am EDT

EnLink Midstream Partners LP and EnLink Midstream LLC:Says that a subsidiary of the Partnership has signed a definitive agreement with Chevron Pipe Line company and Chevron Midstream Pipelines LLC to acquire Gulf Coast natural gas pipeline assets including the Bridgeline system predominantly located in Southern Louisiana for $235 mln.

Gas Malaysia Bhd acquires Gas Malaysia Venture 1 Sdn. Bhd

Monday, 22 Sep 2014 08:00pm EDT

Gas Malaysia Bhd:Acquires two ordinary shares one ringgit each, representing entire issued and paid-up share capital of Gas Malaysia Venture 1 Sdn. Bhd, for total cash consideration of two ringgit.GMV1 shall serve as an investment holding company.

Acsm-Agam SpA approve signing of Letter of Intent with Gelsia and AEB for project of aggregation

Monday, 8 Sep 2014 04:08pm EDT

Acsm-Agam SpA:Says the Board of Acsm-Agam, Gelsia Srl and AEB SpA approved the signing of a non-binding Letter of Intent.The Letter of Intent outlines the guidelines for a project of industrial and corporate aggregation.The companies expects to set the terms of the project in the next weeks and thus submitted to the Boards and shareholders.

Southwest Gas Corp to Bolster Construction Services Business

Tuesday, 2 Sep 2014 05:00pm EDT

Southwest Gas Corp:Says through its subsidiaries, led principally by NPL Construction Co., it signs agreements to acquire several privately held, affiliated construction companies for about $185 mln in cash less assumed debt and subject to a working capital adjustment.NPL, company's primary construction services subsidiary, has agreed to acquire Link-Line Group of Companies.Which includes Link-Line Contractors Ltd., W.S. Nicholls Construction Inc., W.S. Nicholls Industries Inc., and fifty percent equity interest in W.S. Nicholls Western Construction Ltd., all Canadian-based construction companies.In related transaction, other affiliates of cCompany have agreed to acquire certain assets and liabilities of Brigadier Pipelines Inc., a US based affiliate of Link-Line Group of Companies.Current owners will retain small ownership percentage in combined businesses.Combination of NPL and Link-Line will create one of largest natural gas distribution contractors in North America.W.S. Nicholls adds diverse line of construction and fabrication services not presently offered by NPL in its existing markets.Similarly, Brigadier brings potential for development of midstream pipeline construction business.Acquisitions expected to be completed during Oct.

Laclede Group acquires Alabama Gas Corporation

Tuesday, 2 Sep 2014 09:07am EDT

Laclede Group Inc:Completes its purchase of 100 pct of the equity of Alabama Gas Corp (Alagasco) from Energen Corp (NYSE: EGN) effective Aug. 31.Purchase price included the assumption of $250 mln of Alagasco long-term debt and cash consideration of about $1.35 bln.Cash consideration was raised in separate debt and equity offerings completed in the last three months.


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