NNPC scouts financiers for 5120 km pipeline
NNPCL is scouting private financiers to overhaul dormant 5120 km of pipeline network, insisting that the nation’s refineries, being repaired for about US$2.9 billion, are on the verge of taking off.
Business news
Advertisement
Reuters: Exxon executive says US oil firms unlikely to go 'drill, baby, drill' under Trump
According to Reuters, a senior executive at Exxon Mobil said that US oil and gas producers remain focused on capital discipline.
EQT announces joint venture with Blackstone for midstream assets
Under the terms of the agreement BXCI will provide EQT US$3.5 billion of cash consideration in exchange for a non-controlling common equity interest in the JV.
EIA: Global natural gas market may experience a tighter supply-demand balance this winter
The US Energy Information Administration (EIA) has reported that if Europe and Asia experience colder temperatures this winter than in the past two years, global supply-demand balances could tighten, leading to elevated natural gas prices and potential price spikes.
ONEOK announces agreement to acquire outstanding shares in EnLink Midstream
ONEOK, Inc. and EnLink Midstream, LLC have announced that they have executed a definitive merger agreement under which ONEOK will acquire all of the outstanding publicly held common units of EnLink for US$4.3 billion in ONEOK common stock.
Progressive Pipeline Management acquired by Platform Partners
The pipeline rehabilitation contractor’s acquisition was announced by Commonwealth M&A.
More Business news news
Global oil and gas contract value declines in 3Q24
Global oil and gas contract value declines despite steady volume in 3Q24, reveals GlobalData.
DT Midstream announces US$1.2 billion acquisition of strategic Midwest FERC-regulated natural gas pipelines
DT Midstream, Inc. has announced that it has reached an agreement to acquire a portfolio of three FERC-regulated natural gas transmission pipelines from ONEOK, Inc. for US$1.2 billion.
EIA: Northwest US and western Canadian natural gas prices trade at historic lows in 2024
The EIA has reported that monthly average natural gas spot prices at northwestern US and western Canada border pricing hubs reached historic lows in 2024 through October, according to data from Natural Gas Intelligence. Robust natural gas production in western Canada, where output has generally increased over the last two years, and high natural gas inventories in the region contributed to the low prices.
Donald Trump chooses oil and gas veteran Chris Wright as energy secretary
President-elect Donald Trump has chosen oil and gas industry CEO Chris Wright as his next energy secretary, with Trump seemingly intent on fulfilling his election promise to increase exploration and production.
Silveray secures £4 million funding boost
Innovator set to launch the first truly flexible digital X-ray detector next year.
Coterra announces accretive Permian Basin acquisitions
Coterra Energy Inc has announced it has entered into two separate definitive agreements to acquire certain assets, including 125 miles of pipelines, of Franklin Mountain Energy and Avant Natural Resources and its affiliates for aggregate consideration of US$3.95 billion, consisting of US$2.95 billion of cash and US$1.0 billion of Coterra common stock, issued to one of the sellers, subject to certain purchase price adjustments.
Aethon explores options for US$10 billion US natgas assets
Investment firm Aethon Energy Management is exploring options for its natural gas production and midstream assets, says Reuters.
Exolum tests using oil infrastructure for green hydrogen in Britain
Spain’s Exolum has kicked off a pilot project in Britain this week to test using existing oil infrastructure to transport and store green hydrogen on a commercial scale, says Reuters.