Axip Asset Sale to Service Compression Approved by Court for $161 Million
A U.S. bankruptcy court has approved the $161 million sale of Axip Energy Services’ assets to Service Compression, advancing consolidation in the gas compression sector.
A U.S. bankruptcy court has approved the $161 million sale of Axip Energy Services’ assets to Service Compression, advancing consolidation in the gas compression sector.
Antin Infrastructure Partners has acquired Sapphire Gas Solutions, a U.S.-based provider of CNG and LNG infrastructure serving industrial and utility markets.
Expand Energy has named Marcel Teunissen as chief financial officer, bringing experience across natural gas and LNG as the company targets continued growth.
Plains All American expects to close its Canadian NGL business sale to Keyera in May, marking a step toward becoming a pure-play crude midstream company.
Summit Midstream has raised $42 million through an equity deal with Tailwater Capital, strengthening its balance sheet and funding growth projects.
The Pipe Line Contractors Association has appointed Drew Crandall to a new market development role focused on expanding industry partnerships and contractor engagement.
Boardwalk Pipelines will acquire Spire Marketing for $215 million, expanding gas marketing capabilities as Spire refocuses on regulated utility operations.
Gulfport Energy announced that CEO John Reinhart has stepped down effective immediately, with the company forming an interim leadership team while it searches for a new chief executive.
CRC Evans plans to build a 90,000-sq-ft welding and coating facility in Burnley, England, aimed at supporting pipeline and energy infrastructure projects across global markets.
Endress+Hauser is expanding U.S. manufacturing and supply chain capacity to support growing data center power, cooling and water management infrastructure, amid rising AI-driven demand.
NDT Global’s acquisition of ENTEGRA strengthens its gas pipeline inspection portfolio by adding ultra-high-resolution MFL technology to its ultrasonic testing, acoustic resonance and integrity management platforms.
Brazos Midstream has expanded its credit facility to $1.1 billion to support continued natural gas gathering and processing growth in the Midland Basin.
Oxford Flow has entered the Japanese market through a new distribution partnership with VENN, focusing on pressure and liquid regulators for gas and water infrastructure projects.
Expand Energy plans to relocate its headquarters to Houston in mid-2026 and has named Chairman Michael Wichterich interim CEO as it pursues growth tied to global natural gas markets.
ConocoPhillips is tightening capital and operating spending after missing fourth-quarter profit estimates, as weaker oil prices pressure earnings across the sector. The company outlined its cost-cutting plan alongside production and shareholder return targets.
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