Anadarko Petroleum Corporation has agreed to dispose its Moxa asset located in south-west Wyoming, US, for $350m.
Anadarko Petroleum is an oil and gas exploration and production company headquartered in The Woodlands, Texas. The company also offers a range of services such as gathering, processing, treatment and transportation of oil, natural gas and natural gas liquids (NGLs).
The transaction is scheduled for completion by the end of 2017.
Blueknight Energy Partners (BKEP) has agreed upon a $32.5m acquisition of two asphalt terminals located in Bainbridge of Georgia and Muskogee of Oklahoma, US.
The transaction involves the acquisition of Muskogee terminal from Ergon Asphalt & Emulsions, Inc. and Ergon Terminaling, Inc., and Bainbridge terminal from Frontier Terminal.
The purchase consideration is intended to be funded by BKEP through a combination of cash and equity.
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By GlobalDataThe Muskogee and Bainbridge terminals have a storage capacity of 500,000 and 200,000 barrels respectively.
Scheduled for completion in the fourth quarter of 2017, the transaction will allow BKEP to expand its operational footprint in the US.
Elevate Midstream Partners has secured a commitment from Tailwater Capital for an equity investment of up to $100m.
Elevate Midstream is engaged in the gathering, compression, treatment, processing and transportation of crude oil and natural gas.
The transaction allows Tailwater Capital to expand its investment portfolio.
Oil Search has agreed to acquire oil assets located in Alaska North Slope from Armstrong Energy and GMT Exploration Company for $400m. The purchase consideration will be funded by Oil Search through its existing cash resources.
The transaction will involve the acquisition of assets, including Nanushuk oil field, a 25.5% interest in the Pikka Unit and neighbouring exploration acreage, as well as a 37.5% interest in the Horseshoe Block. The Nanushuk and satellite oil fields together hold approximately 500 million barrels of oil.
The transaction is scheduled for completion in the first quarter of 2018.
Chart Industries intends to raise $225m through the issue of 1% convertible senior subordinated notes, due 15 November 2024, in a private placement.
The underwriters have been granted a 13-day option by the company to buy additional notes worth $33.75m. The notes are being offered to qualified institutional investors.
The proceeds from the offering are intended to be used by Chart Industries to fund the cost of the convertible note hedge transactions, to make a partial repayment of the outstanding borrowings under its revolving credit facility, and for general corporate purposes.
The private placement is scheduled for completion on 6 November.