Companies
Kim Rush Named President of NW Natural Gas, Effective April 2025
Northwest Natural Gas Company (NW Natural) has announced the appointment of Kim Rush as its next president, effective April 1, 2025. Rush, a 26-year veteran of the Portland-headquartered utility, will take on full strategic, financial, and operational responsibilities for the company.
Constellation Energy to Buy Calpine in $16.4 Billion Power Industry Mega-Merger
U.S. nuclear power provider Constellation Energy on Friday agreed to buy privately-held natural gas and geothermal company Calpine Corp. for $16.4 billion, marking one of the biggest acquisitions in the history of the U.S. power industry.
Chevron Eyes $6-8 Billion Free Cash Flow Growth in 2024, CEO Says
Chevron is positioned to increase its free cash flow by $6 billion to $8 billion by next year, and reduce expenses by "a couple billion dollars," said Chevron CEO Michael Wirth on Wednesday.
Constellation Nears $30 Billion Deal for Natural Gas Company Calpine: Bloomberg
Constellation Energy is nearing an acquisition of Calpine Corp. that would value the company at about $30 billion including debt, Bloomberg News reported on Wednesday, citing people familiar with the matter.
EQT Finalizes $3.5 Billion Midstream JV with Blackstone Credit
EQT Corp. has completed the formation and funding of its midstream joint venture (JV) with Blackstone Credit & Insurance (BXCI), the company announced on Dec. 30.
ONEOK Finalizes $1.2 Billion Sale of Natural Gas Pipelines to DT Midstream
ONEOK Inc. has completed the sale of its three interstate natural gas pipeline systems to DT Midstream Inc. for $1.2 billion in cash. The deal included the Guardian Pipeline, Midwestern Gas Transmission, and Viking Gas Transmission systems.
Martin Midstream, Martin Resource Management Call Off Merger After Unitholder Pushback
Martin Midstream Partners has announced the termination of its merger agreement with Martin Resource Management Corp. Under the agreement, MRMC would have acquired all outstanding common units of MMLP not already owned by MRMC and its subsidiaries.
Oil States Sells Houston Ship Channel Facility for $24.8 Million
Oil States International Inc. has finalized the sale of its idled Houston Ship Channel facility, generating $24.8 million in net proceeds. The sale is part of the company’s broader strategy to optimize its operations and improve financial flexibility.
Matador Closes $600 Million Pronto Midstream Deal, Strengthens Balance Sheet
Matador Resources Company has finalized the contribution of its wholly-owned subsidiary, Pronto Midstream, LLC, to its midstream joint venture, San Mateo Midstream, LLC. The deal values Pronto at approximately $600 million and brings San Mateo's total estimated asset value to over $1.5 billion, net to Matador.
Glass Lewis Backs Martin Midstream's Buyout Deal with Martin Resource
Martin Midstream Partners said on Wednesday that proxy advisory firm Glass Lewis has recommended the energy infrastructure firm's unitholders to vote for the company's proposed buyout deal with Martin Resource Management Corp.
T.D. Williamson Acquires Canadian Pipeline Repair Innovator Petro-Line
T.D. Williamson (TDW), a global leader in pipeline technology, has acquired Petro-Line, a Canadian company known for its patented pipeline repair solutions, including the PETROSLEEVE.
Blackstone’s Jon Gray, Ex-BP Boss Bernard Looney Join ADNOC’s $80 Billion XRG Board
United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan approved a board of directors for XRG, state oil giant ADNOC's new international investment arm, including Blackstone's Jon Gray and former BP boss Bernard Looney, ADNOC said on Thursday.
PGJ Exclusive (sponsored): How Southern Star revolutionized operations with a one-stop shop asset management upgrade
Southern Star is a key player in the natural gas sector. Overseeing 5,800 miles of pipeline, 43 compressor stations and eight gas porosity storage fields, the company has many assets and work processes to manage and maintain. Read how Southern Star gained a 25% increase in efficiency and optimized time and resources through an upgraded asset management system.
Nut Tree and Caspian Urge Martin Midstream Unitholders to Reject Merger with MRMC
Nut Tree and Caspian Capital argue that MMLP’s merger proposal relies on a "deeply flawed" valuation and disproportionately benefits Ruben Martin III, MRMC's controlling figure, at the expense of unitholders.
ADNOC Weighs Stake Sale in Gas Unit, Potential Multi-Billion Dollar Deal: Report
ADNOC is reportedly considering selling a 3-5% stake in its gas unit, potentially worth billions, amid strategic reviews. The deal could be announced soon, pending market conditions.
Progressive Pipeline Management Acquired by Platform Partners
PPM, known for its trenchless pipeline rehabilitation services, specializes in restoring aging natural gas distribution pipelines using cured-in-place-lining (CIPL) technology, which minimizes surface disruption.
Pennybacker Acquires Miami LNG, Appoints New Leader for Growth Push
Pennybacker Capital Management has completed its acquisition of a small-scale liquefied natural gas (LNG) business in Miami from New Fortress Energy.
WGLC 2024 Highlights Leadership Strategies for Women in Energy
The Women’s Global Leadership Conference celebrated its 20th year running as it kicked off on Nov. 19-20, once again bringing female leaders and industry experts from around the globe to discuss pressing concerns and shifts in the industry that are unique to the female experience.
WGLC 2024 Opens with Strong Call for Women’s Leadership in Energy
The 20th annual Women’s Global Leadership Conference in Energy (WGLC) kicked off with a powerful opening session led by Alexandra “Alie” Pruner, Senior Advisor at Perella Weinberg Partners/TPH&Co.
Venture Global LNG’s Louisiana Plant Runs $2.35 Billion Over Budget, Documents Disclose
Venture Global LNG's second liquefied natural gas export facility in Louisiana is $2.35 billion over budget, according to IPO documents. The company attributes the cost increase to inflation and construction challenges but remains confident in covering future overages.
Venture Global LNG Reports $4.85 Billion in 2023 Profits Amid IPO Buzz
Venture Global LNG reported $4.85 billion in operating income for 2023, marking its second year of operations. As the company prepares for a stock market listing, financial documents reveal ambitious plans for expanding its LNG export facilities and significant revenue growth.
P&GJ Executive Interview: PPI Chief Cites Benefits of Plastic Pipelines
Despite taking the reins of PPI at the outset of a global pandemic, David Fink saw a bright future for the plastics pipe industry and a growing role for its products across an expanding range of underground applications. He now works diligently to make that vision come true.
New Fortress Energy Seeks Partners to Boost Liquidity, Financial Flexibility
New Fortress Energy is exploring partnerships for its core businesses to improve liquidity and financial flexibility as it targets growth in Latin American LNG demand.
Chevron CEO Wirth Under Fire as Hess Deal Delay Drags Down Stock Performance
Chevron CEO Michael Wirth faces mounting pressure as the company's stock slides amid delays in the $53 billion acquisition of Hess. The stalled deal, crucial for growth, coincides with declining earnings and rising operational costs, raising concerns among investors about Chevron's future direction.
Tanker at Venture Global LNG’s Plaquemines Plant Suggests First LNG Soon
Energy analysts have said they were waiting for a vessel to go to Venture Global's Plaquemines plant as a sign that the facility was moving closer to producing first LNG.
Enterprise Products Acquires Piñon Midstream
Enterprise Products’s previously announced $950 million cash acquisition of Piñon Midstream, LLC has concluded.
Engie and Morocco’s OCP Deal for Green Hydrogen, Renewables Worth $18 Billion in Investments
Morocco's OCP and French energy firm Engie signed a preliminary agreement on Monday for Moroccan projects worth up to $18 billion in possible desalination, renewable energy and green hydrogen investments.
EQT in Talks to Sell $3.5 Billion in Pipeline Stakes to Blackstone
Private equity firm Blackstone is in advanced talks to acquire minority stakes in the interstate natural gas pipelines owned by EQT Corp for about $3.5 billion
EIG’s MidOcean Energy Acquires Additional 15% Interest in Peru LNG From Hunt Oil
MidOcean Energy, a liquefied natural gas (LNG) company formed and managed by EIG announced that it acquired an additional 15% interest in Peru LNG from Hunt Oil Company.
WGLC Celebrates 20 Years of Empowering Women in Energy
Gulf Energy Information is proud to host the 20th annual Women's Global Leadership Conference in Energy (WGLC), set for November 19-20, 2024, in Houston. The event fosters professional growth and networking opportunities, empowering women in the energy sector for two decades.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Polish Pipeline Operator Offers Firm Capacity to Transport Gas to Ukraine in 2025
