Midstream

The Canadian fund manager has agreed to buy Enbridge’s Western Canadian natural gas gathering business for an enterprise value of $3.3bn, following its $1.1bn acquisition of AT&T’s data centres.

The infrastructure arm of the bank’s asset management business is financing the acquisition of Brazos Midstream’s Delaware Basin subsidiaries through its NHIP II fund.

The US midstream sector was one of the most active in 2017, with many deals coming out of West Texas. Will it keep up the momentum in 2018?

Blackline Midstream, formed to acquire oil and gas assets, buys New Hampshire propane terminal from Houston-based Trammo.

Oil prices have stabilised to the point where infrastructure investors are comfortable putting large amounts of capital to work in assets that transport and store the commodity.