Intergulf, STC Industrial merge to create CIRCON Environmental

Texas-based industrial liquids management company Intergulf Corp. recently combined with South Carolina-based waste extraction technology provider STC Industrial to form CIRCON Environmental. The merger will allow the companies to offer comprehensive liquids and solids waste management and product recovery services for the petroleum and petrochemical industries. CIRCON will be headquartered in La Porte, Texas. STC […]

BrandSafway, SafwayAtlantic acquire assets of Sheedy Hoist

SafwayAtlantic, a BrandSafway company, has acquired the Sheedy Hoist business. This transaction significantly increases SafwayAtlantic’s premium motorized capabilities in the Bay Area and throughout Southern California. Previously a division of Sheedy Drayage Co., Sheedy Hoist has an extensive inventory of standard and counter- weightless equipment, single- and dualcar hoists with capacities from 2,000 to 7,000 […]

BearCom adds Total Radio Inc., expands Southwest

BearCom Group Inc. recently acquired Total Radio Inc. with locations in Tulsa and Oklahoma City, Oklahoma. The addition of Total Radio strengthens and expands BearCom’s resources throughout Oklahoma and the Southwest. Total Radio is a Motorola Solutions Platinum Channel Partner, a Motorola Service Station, a Motorola Representative, a Motorola Federal Agent and a Service Elite […]

Shell completes sale of interest in Caesar-Tonga asset

Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has completed the sale of 22.45-percent nonoperated interest in the Caesar-Tonga asset in the U.S. Gulf of Mexico to Equinor Gulf of Mexico LLC, a subsidiary of Equinor ASA, subject to approval of the lease assignments by the regulator. The total cash consideration was $965 […]

MMEX completes final sale of West Texas products

MMEX Resources Corp. recently completed the third and final leg of its product sales with another international company for its planned Pecos County projects. MMEX plans to build a crude oil refinery complex in the Permian Basin in two phases, with Phase 1 being a 10,000-bpd crude distillation unit expected to produce diesel, naphtha and […]

Unifrax acquires Stellar Materials

Unifrax, backed by Clearlake Capital Group LP, has acquired Stellar Materials LLC. Through its proprietary and growing portfolio of Thermbond® products, Stellar offers a complete suite of engineered formulations that delivers superior performance in support of the maintenance and repair of critical industrial equipment around the world. “This acquisition represents another positive step in the […]

MPLX completes acquisition of Andeavor Logistics

MPLX LP recently completed its acquisition of Andeavor Logistics LP (ANDX) in a unit-for-unit transaction (with a blended exchange ratio of 1.07 times) and assumption of approximately $5 billion of debt. “We are pleased to close our acquisition of Andeavor Logistics,” said Gary R. Heminger, MPLX chairman and CEO. “This transaction allows MPLX to further […]

3M to sell gas and flame detection business to Teledyne

3M recently received a binding offer from Teledyne Technologies Inc. to purchase its gas and flame detection business for $230 million, subject to closing and other adjustments. The gas and flame detection business is part of 3M’s Personal Safety Division. 3M’s gas and flame detection business has annual global sales of approximately $120 million. The […]

Delek US purchases ownership interest in Red River Pipeline Co.

Delek Logistics Partners LP and Delek US Holdings Inc. will provide additional midstream growth and improved crude oil flexibility. An indirect, wholly owned subsidiary of Delek Logistics purchased a 33-percent ownership interest for approximately $128 million in Red River Pipeline Co. LLC from an affiliate of Plains All American Pipeline LP to form a new […]

MPLX LP to acquire Andeavor Logistics LP

Marathon Petroleum Corp. (MPC) and MPLX LP have entered into a definitive merger agreement whereby MPLX will acquire Andeavor Logistics LP (ANDX) in a unit-for-unit transaction at a blended exchange ratio of 1.07x. This represents an equity value of approximately $9 billion and an enterprise value of $14 billion for the acquired entity. Subject to […]

Shell agrees to sale of Martinez Refinery

Shell Oil Products U.S., a subsidiary of Royal Dutch Shell plc, recently reached an agreement for the sale of Shell’s Martinez Refinery in California to PBF Holding Company LLC, a subsidiary of PBF Energy Inc., for $1 billion consideration plus the value of hydrocarbon inventory, crude oil supply and product offtake agreements, and other adjustments. […]

Offen Petroleum to acquire Allied Energy

Offen Petroleum recently agreed to acquire the business assets of Allied Energy, an Arizona-based fuel distributor. Going forward, the business will operate as Offen Petroleum. At press time, the transaction was expected to be completed by June. Operated by Gabe McLure, Allied Energy is an independent fuel distributor that operates in Arizona and Nevada. In […]

Gardner Denver to merge with Ingersoll-Rand division

Gardner Denver Holdings Inc. and Ingersoll-Rand plc have entered into a definitive agreement pursuant to which Ingersoll Rand will separate its industrial segment (Ingersoll Rand Industrial) by way of a spin-off to Ingersoll Rand’s shareholders and then combine it with Gardner Denver, creating a global leader in mission- critical flow creation and industrial technologies (IndustrialCo). […]

BASF, LetterOne complete Wintershall Dea

LetterOne and BASF recently completed the merger of their oil and gas businesses to create Wintershall Dea, the largest independent exploration and production company in Europe. This merger, the largest in the oil and gas sector for a decade, creates a new oil and gas company, Wintershall Dea, which is the world’s largest privately-held energy […]

Smith-Cooper International, Anvil International to merge

Anvil International and Smith-Cooper International have entered into a definitive agreement to merge. The combined company will be majority owned by Tailwind Capital. Terms of the transaction were not disclosed. The combined company will be a leading designer, manufacturer and provider of products that connect and support piping systems with a portfolio of high-quality, global […]

Conoco sells UK North Sea oil assets to Chrysaor for $2.7B

ConocoPhillips has agreed to sell its oil and gas assets in the British North Sea to private equity-backed Chrysaor for $2.68 billion, making Chrysaor the biggest producer in the region this year. For Conoco, the disposal is part of a continuing refocus on its U.S. operations. The Conoco assets produced 72,000 barrels of oil equivalent […]