Thursday, May 7, 2026

U.K.’s National Grid Seeks Buyers for Majority Stake in Natural Gas Network

From The Wall Street Journal LONDON—U. K. natural-gas and electricity network operatorNational Grid PLC is seeking buyers for a majority stake of its domestic gas-distribution business to rebalance its portfolio and create extra value for shareholders. Analysts value the business, which comprises four of the U.K.’s eight regional distribution networks which deliver gas to around 10.9 million customers, at £10 billion

Tesoro Corporation Reaches Agreement to Sell the Los Angeles Storage and Pipeline Assets to Tesoro Logistics for $500 Million

SAN ANTONIO – November 10, 2015 – Tesoro Corporation (NYSE:TSO, Tesoro) and Tesoro Logistics LP (TLLP) today announced that subsidiaries of Tesoro have agreed upon terms for the sale of crude oil and refined product storage and pipeline assets in Los Angeles, California (the “Los Angeles Refinery Storage and Handling Assets”) to TLLP for a total consideration of $500 million.