The energy industry is braced for short-term uncertainty caused by global instability, but remains optimistic in the long-term, according to DNV’s annual Energy Industry Insights survey.
The 1Q25 LNG market was heavily influenced by political developments, including halted Russian pipeline flows to Europe.
EQT Corp. has announced that it has entered into an agreement to acquire upstream and midstream assets from Olympus Energy for US$1.8 billion.
Approves cash dividend of US$0.2925 per share (US$1.17 annualised); added US$900 million to project backlog; and closed US$640 million Outrigger acquisition.
International energy consultancy to share learnings from extensive hydrogen and carbon capture portfolio.
Vaquero Midstream secures US$400 million credit facility for specific growth and system expansion projects.
New board members bring extensive expertise in technology services, commercial management, and process engineering to support energy transition challenges.
Global Underwater Hub (GUH) to help UK companies capitalise on significant opportunities in Australia from oil and gas to decommissioning, CCS and offshore wind.
Vallourec in exclusive negotiations to sell Serimax, its subsidiary specialising in welding solutions, for €79 million.
ABB delivers integrated automation and digital technology for IndianOil’s cross-country pipeline network.
bp has announced that the company's board of directors has initiated a succession process to select a new Chair, after Helge Lund informed the board of his intention to step down in due course.
Markets respond to US ‘Liberation Day’ and recent OPEC+ meeting.
Shell Midstream Operating LLC (SMUS), a subsidiary of Shell plc, has agreed to sell its 16.125% interest in Colonial Enterprises, Inc. to Colossus AcquireCo LLC, a wholly owned subsidiary of Brookfield Infrastructure Partners L.P. and its institutional partners, for US$1.45 billion.
Phillips 66 has announced the completion of its previously announced acquisition of EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP, which own various subsidiaries and long-haul natural gas liquids pipelines, fractionation facilities and distribution systems (EPIC NGL) for total cash consideration of approximately US$2.2 billion.
Iberdrola said the transaction reinforces its strategy focused on the sale of non-strategic assets, portfolio optimisation with value creation, and capital discipline.