Williams Partners LP, the third- biggest U.S. pipeline partnership, agreed to buy a natural-gas pipeline system in the Marcellus Shale from closely held Caiman Energy LLC for $2.5 billion in cash and equity.
Carlyle Group, the Washington-based private-equity firm that went public this year, is taking over operations of a Sunoco Inc. refinery on a bet that revived U.S. oil and natural-gas output can restore to profit the oldest continually operating refinery on the U.S. East Coast.
Kinder Morgan Energy Partners LP, the second-biggest U.S. pipeline operator, said it will decide by the end of March whether to move ahead with a $3.8 billion expansion of its Trans Mountain oil-sands pipeline after receiving ample interest from shippers.
Kinder Morgan Inc., which this year will become the largest U.S. pipeline company after its $20.7 billion purchase of El Paso Corp., aims to extend its lead over competitors in transporting oil across Canada for export to higher-paying markets in Asia.
Enbridge Inc., the biggest Canadian pipeline company, and Enterprise Products Partners LP plan to expand crude shipments to the U.S. Gulf Coast as supplies increase from Canada’s oil sands and the Bakken Shale in the Northern Plains.