Companies

Fletcher, who has served as NSMP’s chief commercial officer for the past year, takes over as the midstream operator continues efforts to support UK energy security and transition efforts.

ONEOK Inc. has completed its acquisition of EnLink Midstream LLC, strengthening its integrated midstream operations and diversifying its platform. The transaction was approved by EnLink unitholders at a special meeting on Jan. 30.

Refiner Valero Energy beat fourth-quarter profit and revenue estimates on Thursday, helped by lower costs and steady output.

The Charlotte-based Piedmont Natural Gas utility field representative is a serial hero, having performed three life-changing heroic acts in 2023.

Venture Global LNG on Wednesday slashed the valuation it sought from a U.S. initial public offering to $65.33 billion, significantly lower than the initial target of $110 billion.

INGAA has announced Michael McMahon, Senior Vice President and General Counsel of Boardwalk Pipelines, as its chairman for 2025. Alongside this news, INGAA extended congratulations to Mark Christie on his appointment as Chairman of FERC.

M Wright Services, a pipeline construction company based in Weatherford, Oklahoma, has received a minority investment from Velocity Management Advisors, a partnership of seasoned midstream professionals.

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.

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 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 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 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 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 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 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.