ADNOC’s investment arm and partners have withdrawn their $18.7 billion takeover bid for Australian gas producer Santos, ending months of talks and slowing the UAE company’s global gas expansion strategy.
Aspen Midstream and EnCap Flatrock Midstream have launched Aspen II with a new equity commitment, targeting natural gas transmission and last-mile infrastructure across North America.
Endurance Investment Partners, co-founded by former NGP and Tailwater executives, has launched with backing from Rice Investment Group. The new firm has closed its first energy infrastructure investment and is targeting strategic liquidity solutions across the sector.
Enterprise Products Partners L.P. has priced a public offering of $2 billion in senior notes through its operating subsidiary, Enterprise Products Operating LLC.
Plains All American has agreed to sell its Canadian natural gas liquids (NGL) business to Keyera for $3.75 billion, streamlining its portfolio to focus on U.S. crude operations. The deal, expected to close in Q1 2026, positions Plains as a pure-play midstream crude oil leader while enhancing free cash flow and reducing commodity exposure.
The ROSEN Group has named Andreas Opfermann as its next chief executive officer, effective July 1, 2025. He succeeds interim CEO Erik Cornelissen, who will take on the newly created role of chief customer officer.
Heath Consultants is selling its 811 locate services to USIC to focus on methane emissions detection technologies. The deal, expected to close by Q3 2025, supports Heath’s strategic pivot toward advanced leak detection and regulatory compliance tools.
Russian energy giant Gazprom said on Tuesday it had put a business center near Moscow that housed its offices up for sale for a starting price of 10.34 billion roubles ($129 million). Gazprom moved to sell several real estate assets last year after posting a 2023 loss of almost $7 billion as gas exports to Europe collapsed.
Freedom CNG expanded its Western U.S. renewable fuel network with the acquisitions of Colorado-based X3CNG and Utah-based Lancer Energy, enhancing its CNG and RNG fueling capabilities.
Sunoco will acquire Parkland Corporation in a $9.1 billion cash and equity deal, expanding its North American fuel network and maintaining Canadian operations, the companies announced.
When Exxon Mobil and Chevron report first-quarter results this week, investors will be focused on how falling oil prices have increased the risk to dividends and share repurchases for the rest of 2025.
Phillips 66 is accusing activist investor Elliott of a conflict of interest tied to Citgo as a shareholder battle over board seats and the company’s future strategy escalates.
Colonial's pipeline system stretches over 5,500 miles from Houston in Texas to New York's harbor. It moves 100 million gallons of fuel daily, including gasoline, jet fuel, diesel and heating oil, according to its website.
ConocoPhillips is exploring the sale of oil and gas assets in Oklahoma’s Anadarko Basin inherited from its $22.5 billion Marathon Oil acquisition. The assets could fetch over $1 billion as part of the company’s $2 billion divestment plan.
Phillips 66 has completed its $2.2 billion acquisition of EPIC NGL, adding 885 miles of pipeline and two fractionators to its midstream portfolio. The assets will boost capacity and strengthen its Permian-to-Gulf Coast connectivity.
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