Transco sells four gas networks
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National Grid Transco has sold half of its gas distribution networks for Â£5.8bn ($10.4bn), it was announced today. The move has been welcomed by the gas and electricity regulator Ofgem, which said new competition in the sector could lower prices.
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All four models will be on sale in the second half of this year worldwide.
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CALGARY (CP) - TransCanada Corp., one of Canada&#39;s biggest pipeline and power generation companies, has struck a deal worth $641 million to buy 41 hydroelectric generating stations from insolvent American power producer USGen New England Inc.
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Loews Corp.'s  $4.03 billion purchase of gas exploration and production assets from Dominion Resources Inc.  gives the conglomerate a way to spend excess cash and diversify its revenue stream as it bets on rising natural gas prices.
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com. The sale of US-built telecom infrastructure to foreign firms at fire-sale prices continues. Tyco International says it is selling its Tyco Global Network to India&#39;s Tata Group.
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The company has announced the sale of its part share in the Laminaria and Corallina oil fields to the British-owned Paladin Oil &amp; Gas.
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Enbridge Inc.ENB.TO said on Wednesday  it will buy Shell's natural gas pipeline in the Gulf of Mexico  for $613 million, in a move that will make the Canadian company  a major natural gas transporter in the area.
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Transocean Inc. , the world's largest offshore driller, said on Monday it would buy smaller rival GlobalSantaFe Corp. , creating a $53 billion company with a global reach and presence in ultra-deepwater and deepwater drilling.
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Energy giant Shell is to sell its stake in the pipeline unit of Dutch gas firm Gasunie to the Dutch government. Both Shell and ExxonMobil are selling their stakes, with the Dutch government paying 2.78bn euros ($3.
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CALGARY (CP) - Pipeline operator Enbridge Inc. is going south with a $613-million-US purchase of Shell&#39;s natural gas network in the Gulf of Mexico south of Louisiana and Mississippi.
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Loews Corp. , a conglomerate,  said on Monday it agreed to buy natural gas exploration and  production assets in three states from Dominion Resources Inc.   for $4.025 billion in cash to diversify its revenue  stream.
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Iberdrola plans to buy the regional utility owner Energy East Corporation for $4.5 billion in cash.
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CALGARY (CP) - Canadian Natural Resources, one of Canada&#39;s largest natural gas and heavy oil producers, entered the acquisition market for a fourth time this year, buying energy properties from Houston-based Anadarko for $698 million.
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CACOUNA, Que. (CP) - TransCanada Corp. and Petro-Canada have agreed to develop a liquefied natural gas facility in Quebec that will cost $660 million to build.
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Gruppo di Novara ha acquistato 4,4 mln di azioni sul mercato
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Enron Corp. has agreed to sell its domestic natural gas pipelines for more than $2 billion after an auction aimed at helping the energy company emerge from one of the most expensive and complicated bankruptcies in history.
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British oil giant Shell announced that its Belgian arm had agreed to sell its stakes in two Belgian gas companies to utility group Suez-Tractebel in deals worth a total of around 380.4 million euros (460 million dollars).