Business news

Edgewater has announced that it has closed the previously announced acquisition of the Sinco pipeline system and Colex East and Colex West Terminals.

Enbridge Inc. has announced its 2025 financial guidance and an annualised common share dividend increase from US$3.66 to US$3.77 per share, or 3.0%, effective 1 March 2025.

The acquisition marks a significant step in INNIO Group’s go-to-market strategy, enhancing its position in the Asia Pacific region.

Summit Midstream Corporation has announced that it has completed its acquisition of Tall Oak Midstream III.

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.

According to Reuters, a senior executive at Exxon Mobil said that US oil and gas producers remain focused on capital discipline.

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.

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.

Rystad Energy’s oil market update: 25 November.

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.

The pipeline rehabilitation contractor’s acquisition was announced by Commonwealth M&A.

Global oil and gas contract value declines despite steady volume in 3Q24, reveals GlobalData.

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.

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.

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.