LNG

US energy infrastructure company ONEOK Inc. has signed a definitive merger agreement with Magellan Midstream Partners in a cash-and-stock transaction valued at around $18.8 billion to combine the two Oklahoma-based energy groups.

Royal Dutch Shell posted its huge pre-flagged asset impairment loss in its earnings with the Integrated Gas division, including LNG, accounting for its own share of losses with write-downs on the Australian Queensland Curtis LNG plant and the offshore Prelude FLNG hull.

Devon Energy Corp. said it had agreed to sell a portion of its Barnett Shale position in North Texas for $553 million with a transaction expected to close in the second quarter.