Williams Partners To Buy Williams Co's Alberta Assets For $1.2B


Feb 26 (Reuters) - Pipeline company Williams Partners LP said it would buy Williams Companies Inc's assets in Alberta, Canada for about $1.2 billion.

Williams Partners LP said it would buy an oil sand offgas processing plant near Fort McMurray, about 260 miles of pipelines and two facilities at Redwater.

Williams Partners said the deal will immediately add to its earnings and is expected to contribute to its distributable cash flow.

(Reporting by Anannya Pramanick in Bangalore; Editing by Saumyadeb Chakrabarty)

Copyright 2016 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Manager, Probabilistic Risk Analysis Job
Expertise: Business Development|Research & Development|Technical Manager
Location: Minneapolis, MN
Project Controls Specialist
Expertise: Project Management
Location: Minneapolis
Business Development Manager
Expertise: Business Development|Construction Manager|Sales
Location: West Sacramento, CA
search for more jobs

Brent Crude Oil : $50.79/BBL 1.30%
Light Crude Oil : $49.96/BBL 1.10%
Natural Gas : $2.77/MMBtu 2.12%
Updated in last 24 hours