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  • MERGERS & ACQUISITIONS

    SECTIONS: DEAL MONITOR | CORPORATE MERGERS | JVS

    Mergers & Acquisitions Deal Monitor News

    BP to sell CATS stake to Antin Infrastructure Partners

    Apr 24, 2015

    BP has agreed to sell its equity in the Central Area Transmission System (CATS) business in the UK North Sea to Antin Infrastructure Partners for £324 million ($486 million). BP is currently the operator of CATS.

    Statoil awards Ferus with CO2 service contract in North Dakota

    Apr 23, 2015

    Statoil has awarded a carbon-dioxide (CO2) supply and service agreement to Denver, Colorado-based Ferus LP, which provides energized fluids (liquid CO2 and liquid nitrogen) to the North American oil and gas industry.

    Midstates Petroleum closes sale of Dequincy assets in Louisiana

    Apr 22, 2015

    Midstates Petroleum Co. Inc. has closed its sale of ownership interest in developed and undeveloped acreage in the Dequincy area located in Beauregard and Calcasieu parishes in Louisiana for $44 million to Pintail Oil and Gas LLC.

    CGG acquires Taurus Reservoir Solutions

    Apr 22, 2015

    CGG’s GeoConsulting business line has acquired Taurus Reservoir Solutions Ltd., based in Calgary, Alberta, Canada.

    Vanguard to acquire LRR Energy for $539 million

    Apr 21, 2015

    Vanguard Natural Resources LLC and LRR Energy LP have entered into a purchase agreement and merger plan pursuant to which a subsidiary of Vanguard will merge into LRR Energy LP. Vanguard will also acquire LRE GP LLC, the general partner of LRR Energy LP, for a total consideration of $251 million in Vanguard common units and the assumption of LRE’s net debt of $288 million.

    Exterran Partners gains compression assets from Exterran Holdings

    Apr 20, 2015

    Exterran Partners LP has acquired assets from Exterran Holdings Inc. for consideration valued at $102.3 million, including customer contracts serving 60 customers together with 244 compressor units used to provide compression services under those contracts.

    HII and Kinder Morgan nix Avondale redevelopment JV

    Apr 20, 2015

    Huntington Ingalls Industries has completed discussions with Kinder Morgan Inc. to explore the redevelopment of HII's Avondale shipyard in Louisiana, and the companies have mutually decided not to move forward with a joint venture.

    Monthly Update

    Q3 2014 global deal activity lost the gains made the previous quarter, dropping 32% to $39.2 billion from $57.6 billion in Q2. Canadian dealmaking fell 45% to $5.0 billion after running strong throughout H1, and international activity slumped 72% to $6.5 billion. However, US dealmaking jumped 9% to $27.7 billion, largely driven by two shale corporate takeovers, the $7.0 billion Encana/Athlon Permian deal in September (more on that below) and the $6.0 billion Whiting/Kodiak Bakken deal in July.

    Read the latest article covering Q3 2014

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