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Enbridge closes C$4.31B asset sales; Shell sells Haynesville Shale assets


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Enbridge closes C$4.31B asset sales; Shell sells Haynesville Shale assets

Oil and Gas

Enbridge wraps C$4.31B sale of Canadian gas gathering, processing assets

Enbridge Inc. completed the sale of the federally regulated portion of its natural gas gathering and processing business in British Columbia to Brookfield Infrastructure Partners LP, marking the closing of the C$4.31 billion deal announced in July 2018.

Exxon's Norwegian asset sale could lead to $3.6B upstream gain for Q4'19

Exxon Mobil Corp. could see a $3.4 billion to $3.6 billion gain in its upstream earnings for the fourth quarter of 2019 due to its recent divestiture of nonoperated Norwegian upstream assets.

Shell unit sells Haynesville Shale assets to Castleton Resources

Royal Dutch Shell PLC subsidiary BG US Production Co. LLC wrapped up the sale of Haynesville Shale gas assets to Houston-based Castleton Resources LLC for an undisclosed price.

AltaGas JV to purchase remaining interest in NGL marketing company

AltaGas Idemitsu Joint Venture LP received notice from Sam Holdings Ltd. that it is exercising a put option requiring the joint venture to acquire Sam Holdings' approximately one-third interest in Petrogas Energy Corp.

Tenaris completes acquisition of IPSCO Tubulars

Luxembourg-based steel tubes provider Tenaris SA completed the acquisition of IPSCO Tubulars Inc. from PAO TMK, which was announced in March 2019.


Japanese trader investing in large W.Va. metallurgical coal mine development

Tokyo-based trading company Itochu Corp. is investing in a West Virginia metallurgical coal mine project that is expected to begin production in 2022 and become one of the largest coking coal mines in the U.S.