Co-presented by


Exclusive: Pipeline operator Noble Midstream Partners up for sale: sources

 Exclusive: Pipeline operator Noble Midstream Partners up for sale: sources

NEW YORK (Reuters) - Noble Midstream Partners LP, a pipeline operator controlled by U.S. oil and gas exploration and production company Noble Energy Inc, is up for sale, people familiar with the matter said on Thursday.

Noble Energy could also decide to sell some of the assets and not the whole company, four sources said, asking not to be identified because the matter is confidential. Noble Midstream Partners LP is structured as a tax-efficient master limited partnership.

Oil and gas companies are coming under intense pressure from shareholders to direct their focus on their core operations to maximize returns and minimize expenses.

Noble Energy and Noble Midstream Partners did not immediately respond to requests for comment.

(Reporting by David French in New York; Editing by Sonya Hepinstall)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Your guide to the latest seat tally, live updates, analysis and list of winners for Lok Sabha Elections 2019 on firstpost.com/elections. Follow us on Twitter and Instagram or like our Instagram or like our Facebook page for updates from all 542 constituencies on counting day of the general elections.

Updated Date: Apr 26, 2019 02:05:21 IST