Earlier this month, Enbridge announced a $ 3.2 - billion sale of renewable power facilities and natural
gas processing assets in North America, and the company has earmarked another $ 7 billion in divestitures as it aims to bring its debt down to five times EBITDA by the end of the year.
Not exact matches
Takeover target AWE has kicked off the
process to give its deal partner Mineral Resources 72 hours to match the 15 per cent higher cash proposal put forward this week by Japanese giant Mitsui amid a flurry of activity around its key
gas asset.
Similarly, Bloomberg reported Tuesday that Enbridge Inc. has hired the Royal Bank of Canada to sell some of its natural
gas gathering and
processing assets in Alberta and B.C. and hopes to raise $ 2 billion from the sale.
An advertisement announcing the
assets are for sale shows bids for the properties — which include 228,000 acres of land, eight producing wells and a
gas processing facility — by the end of May.
More than 90 of the largest oil,
gas, and mining corporations actively participated in the EITI
process along with 84 global investment institutions that collectively managed an additional $ 16 trillion in energy infrastructural
assets.
Enbridge Energy Partners, L.P. owns and operates crude oil and liquid petroleum transportation and storage
assets, and natural
gas gathering, treating,
processing, transportation and marketing
assets in the United States of America.
In October 2012, it sold its Permian Basin
assets, and in August 2013, it sold other
gas gathering and
processing assets to SemGroup Corporation (NYSE: SEMG).
Its portfolio of
assets includes conventional oil, oil sands, heavy oil, and natural
gas pipelines, natural
gas processing plants, fractionators, and midstream storage facilities, and it's a top pick of my Foolish colleague Jason Phillips.
It engages in a variety of businesses, including investment banking and capital markets, beef
processing, manufacturing, oil and
gas exploration and production and
asset management.
Phillip Ashley Qualified: 2004 Made partner: 2014 Key cases: Acting in significant High Court disputes for a variety of major oil companies, including GdF Suez, Shell and Premier Oil (concerning
assets in UK); acting on one of the UK's highest profile High Court oil and
gas disputes, between subsidiaries of ConocoPhillips and Centrica relating to the purported termination of transportation and
processing services for a $ 700m development by ConocoPhillips.
Representation of a North American natural
gas pipeline, storage and power company in connection with its acquisition, commercial contracts, and subsequent sale of a U.S. midstream company and natural
gas liquids marketing
assets, including five
gas processing plants, two liquids pipelines and a salt dome storage facility.
Prior to this hiatus, I worked for ten years for one of the largest, privately held oil &
gas companies, as the creator and maintainer of complex allocations for their largest single
asset, a
gas processing plant, and the related oil field.