Enbridge Nears $2 Billion Deal for Major US Oil Pipeline
Deals·1 article across 1 outlet
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Enbridge Inc., the Canadian energy infrastructure giant, is in advanced talks to buy a major crude oil pipeline in the US from Blackstone Inc.’s Tallgrass Energy for about $2 billion, according to people familiar with the matter.
The acquisition would mark a significant expansion for Enbridge in the US oil market, enhancing its infrastructure capabilities.
EnbridgeBlackstoneTallgrass Energy
Sources
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SourceReports the news
“Enbridge Inc., the Canadian energy infrastructure giant, is in advanced talks to buy a major crude oil pipeline in the US from Blackstone Inc.’s Tallgrass Energy for about $2 billion, according to people familiar with the matter.”
Bloomberg — Canada’s Enbridge Said to Near Deal for Major US Oil Pipeline