Midstream mergers drive February M&A; Chevron, Noble strike merger deal

Oil and gas

Oil, gas deal tracker: Midstream mergers drove February M&A

North American pipeline companies drove large-scale oil and gas M&A deal-making in February with several proposed transactions aimed at industry consolidation, according to S&P Global Market Intelligence data.

Chevron, Noble Midstream strike all-stock merger deal

Chevron Corp. and Noble Midstream Partners LP have struck an agreement under which Chevron will acquire all of the partnership's roughly 33.93 million publicly held common units in an all-stock merger deal.

TC Energy, TC PipeLines close merger deal

TC Energy Corp. and TC PipeLines LP closed their previously announced merger, making the pipeline partnership an indirect, wholly owned subsidiary of TC Energy.

Enterprise co-CEO hints at possible petrochemical, hydrogen deals

Enterprise Products Partners LP co-CEO Jim Teague referred to a potentially "transformational" and "outside the box" transaction during a March 4 analyst and investor day presentation, but he emphasized that the midstream giant is not interested in getting into brand new businesses.

Coal

Metinvest acquires controlling stake in top Ukrainian coking coal producer

Metinvest BV agreed to acquire a controlling stake in top Ukrainian coal producer Pokrovske in a deal that will make Metinvest fully self-sufficient in coking coal for its hot metal production.