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Chevron and Noble Midstream Partners LP complete merger transaction

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World Pipelines,


Chevron Corporation (Chevron) and Noble Midstream Partners LP (Noble Midstream) have announced that the companies have completed the previously announced acquisition, which resulted in Noble Midstream becoming an indirect, wholly-owned subsidiary of Chevron.

Effective with the opening of markets today (11 May 2021), Noble Midstream’s common units will no longer be listed on the Nasdaq Global Select Market, and it will cease to be a publicly traded company.

“We are pleased to fully integrate Noble Midstream’s people, operations, and unitholders into Chevron,” said Colin Parfitt, Vice President of Chevron Midstream. “By combining our businesses, the acquisition streamlines governance and strengthens our leading positions in the DJ and Permian basins.”

 

Read the latest issue of World Pipelines magazine for pipeline news, project stories, industry insight and technical articles.

World Pipelines’ May 2021 issue

The May issue of World Pipelines includes a regional report on Canada’s oil and gas sector, as well as technical articles on integrity management software, leak detection, NDT, and project case studies. Don’t miss our feature on young pipeliners, in which World Pipelines’ Senior Editor Elizabeth Corner interviews the winners of the John Tiratsoo Award for Young Achievement, awarded by Young Pipeliners International, in partnership with PPIM.

Read the article online at: https://www.worldpipelines.com/contracts-and-tenders/13052021/chevron-and-noble-midstream-partners-lp-complete-merger-transaction/

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US pipeline news