Williams has divested its Four Corners Area business (FCA) assets to Harvest Midstream Company for $1.125bn.

The agreement for the asset sale was signed in August 2018.

The FCA assets are located in San Juan and Rio Arriba counties in New Mexico, as well as La Plata, Colorado. The assets include 3,700 miles (5,954km) of pipeline, two gas processing facilities, and a carbon dioxide treatment facility.

Williams is a natural gas processing and transportation firm, while Harvest Midstream Company is a midstream service provider that is an affiliate of Hilcorp Energy. Both firms are based in the US.

The sale proceeds will be used for capital growth and investment.

Shell CAPSA has sold its downstream business located in Argentina to Raízen for $916m.

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“The deal will enable MPLX to expand its foothold in the production and refining sector.”

The downstream assets include marine fuels, bitumen, lubricants and liquefied petroleum gas businesses, as well as supply and distribution services. A refinery in Buenos Aires and 665 retail stations have also been purchased, as part of the deal.

The divested businesses will continue to work with Shell through commercial agreements.

Based in Argentina, Shell CAPSA is a hydrocarbons manufacturing and trading company and a subsidiary of Royal Dutch Shell, while Raízen is a biofuels and fuels producer and distributor based in Brazil.

The deal will enable Shell to strengthen its downstream market in Argentina.

MPLX has purchased the Pin Oak Mt. Airy terminal in Louisiana, US, from Pin Oak Holdings for $450m.

Pin Oak will continue holding an economic interest in the terminal, post-completion of the divestment.

MPLX is involved in the operation, development and acquisition of midstream energy infrastructure assets and is a master limited partnership company of Marathon Petroleum, while Pin Oak Holdings is a storage and logistics company. Both parties are based in the US.

The deal will enable MPLX to expand its foothold in the production and refining sector.

Dutch oil and gas company Shell plans to purchase a stake in the Tazovskiy project from Russian oil and gas company Gazprom Neft.

Discovered in 1962, the Tazovskiy project is located in the northern Yamal region in Russia. It contains 438 million tonnes of oil and 186 billion cubic metres of gas reserves.

The deal will enable Gazprom to secure quick funds while providing Shell with access to economical reserves.