Newsletter 
  INSCRIPTION Inscription | ESPACE ANNONCEURS Publicité | CONTACT Contact |PLAN DU SITE Plan


Europétrole, le portail de l'industrie du pétrole
 
 accueil | actualité française | actualité internationale | recherche | interviews | focus | actualité par entreprise | actualité pétrole/gaz de schiste 
Partager :

  • NuStar Energy L.P. Announces Entry into Agreement to Acquire Navigator Energy Services, LLC
    édité le 13/04/2017 - Plus de news de "NuStar Energy" - Voir la fiche entreprise de "NuStar Energy"


NuStar Energy L.P. Announces Entry into Agreement to Acquire Navigator Energy Services, LLC
NuStar Energy L.P. announced that it has entered into a definitive agreement to acquire Navigator Energy Services, LLC (“Navigator”), for approximately $1.475 billion, subject to purchase price adjustments. Navigator owns and operates crude oil transportation, pipeline gathering and storage assets located in the Midland Basin of West Texas consisting of:

- approximately 500 miles of crude oil mainline transportation pipelines with
approximately 74,000 barrels per day, ship-or-pay volume commitments and deliverability of approximately 412,000 barrels per day through multiple outbound interconnects;
- a pipeline gathering system with more than 200 connected producer tank batteries capable of more than 400,000 barrels per day of pumping capacity covering over 500,000 dedicated acres; and
- approximately 1 million barrels of crude oil storage capacity with 440,000 barrels leased to third parties.

The acquisition is expected to close in mid- to late-May 2017, subject to customary closing conditions, including the receipt of regulatory approvals. Because the acquisition is subject to customary closing conditions, the Partnership can give no assurance that the transaction will be consummated on the terms described or at all.

“We are excited about starting 2017 with a strategic acquisition, and the addition of Navigator’s Permian assets marks NuStar’s entry into one of the most prolific basins in the United States,” said NuStar President and CEO Bradley C. Barron. “We expect that the purchase price, when coupled with modest future growth capex to build out the system, will result in a high single digit multiple as volumes ramp over time.”

“We could not be more excited for all of Navigator’s stakeholders in finding a future owner in NuStar that shares our commitment to exceptional customer and employee relations. We will be working with NuStar to provide a seamless transition for customers and employees alike,” said Chief Executive Officer, John O’Shea and Co-Founder & Chief Commercial Officer, Matt Vining.

“The Navigator team has built a truly unique company predicated on a customer-first philosophy underpinned by a group of employees focused on flawless execution. We are confident NuStar will have tremendous success integrating Navigator and transitioning it into the next phase of growth,” added Mark Saxe, Managing Director of First Reserve Energy Infrastructure Fund

UBS Investment Bank is serving as exclusive financial advisor to NuStar, and Andrews Kurth Kenyon is serving as exclusive legal advisor to NuStar. Deutsche Bank Securities Inc. is serving as exclusive financial advisor to Navigator and Simpson Thacher & Bartlett LLP is serving as exclusive legal advisor to Navigator.

About NuStar Energy L.P.

NuStar Energy L.P. (NYSE: NS), a publicly traded master limited partnership based in San Antonio, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar Energy L.P. currently has approximately 8,700 miles of pipeline and 79 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids. The partnership’s combined system has approximately 95 million barrels of storage capacity, and the partnership has operations in the United States, Canada, Mexico, the Netherlands, including St. Eustatius in the Caribbean, and the United Kingdom.


Origine : Communiqué NuStar Energy

Voir la fiche entreprise de "NuStar Energy"



Les dernières news de "NuStar Energy"

 
 
 
 
Emploi-Pétrole
 
Rechercher une news



française internationale








 
Les dernières news internationales


>> Toute l'actualité internationale     >> RSS
 
Recherche de news par tags

abu-dhabi acquisition adnoc aker-bp aker-solutions algeria algerie algerie alstom amec anadarko angola apache australia axens azerbaijan baker-hughes barents-sea bechtel bg-group bp brazil canada carburant cbi cgg chevron china chiyoda cnooc cnpc co2 commission-europeenne compressor conocophillips consommation cpdp deepwater discovery drilling e-on edf egypt emerson engineering eni equinor equinor exxonmobil feed flng flowline fluor fluxys fmc foster-wheeler fpso fsru fugro gabon gas gaz gazprom gazprom-neft gdf-suez ge germany ghana gnl gtt gulf-of-mexico hess india indonesia inpex iraq italy jacobs jgc kbr keppel licence lng lukoil lundin maersk-drilling malaysia mcdermott methanier mozambique natural-gas nigeria nigeria nord-stream north-sea norway novatek offshore oman omv opec pemex petrobras petrofac petronas pgnig pipeline platform qatar qatar-petroleum qatargas raffinerie refinery repsol rig riser rosneft russia rwe saipem santos saudi-aramco schlumberger senegal shale-gas shell socar sonatrach south-stream statoil subsea subsea-7 survey tap technip technipfmc texas total transocean tullow turbine ufip uk us vallourec vopak well wintershall wood-group woodside



Europétrole © 2003 - 2021