Navitas assets include c.1,750 miles of pipelines
US pipeline heavyweight pivots into Midland gas
Enterprise Products Partners strikes deal for Permian offtake infrastructure
US midstreamer Enterprise Products Partners has struck a $3.25bn all-cash deal with private equity firm Warburg Pincus to acquire Navitas Midstream Partners. Enterprise plans to fund the transaction using cash on hand and borrowings under its existing commercial paper and bank credit facilities. Navitas provides gas gathering, treating and processing services in the Permian’s Midland basin. The firm’s assets include c.1,750 miles of pipelines, and its gas processing capacity will top 1bn ft³/d (28.32mn³/d) with the completion of the Leiker plant, which is expected in the first quarter of 2022. The deal marks Enterprise’s entry point into Midland basin gas and NGLs processing. Drilling activi
Also in this section
4 March 2025
The US and Canada are boosting capacity builds for renewable diesel and biofuels, while Central and South American countries are investing heavily to upgrade and expand their domestic refining sectors
4 March 2025
EU net-zero polices have shifted refining investment among member states, while across the region countries and companies continue to adjust to changes in trade flows caused by the war in Ukraine
4 March 2025
Gas auctions underperform, signalling a slow start to 2025 after bumper 2024
3 March 2025
The Middle East is focusing on modernisation and expansion projects, while Africa is seeking to reduce its imports of refined products
