Business news

Innovator set to launch the first truly flexible digital X-ray detector next year.

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.

Investment firm Aethon Energy Management is exploring options for its natural gas production and midstream assets, says Reuters.

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.

Norway has reached a deal with seven private owners for a government takeover of much of the country's extensive gas pipeline network from 2024 onwards, says Reuters.

AMETEK, Inc. has announced the acquisition of Virtek Vision International, a provider of advanced laser-based projection and inspection systems.

Noverus Capital Inc. has announced that it has acquired Gas Certification Institute LLC from EnerACT Energy Services Inc.

With the addition of new organic growth projects and acquisitions, volumes on Energy Transfer’s assets continued to increase during the Q324.

Victory for Donald Trump in the US election is unlikely to alter the structural tipping points in oil markets for 2025.

Reuters has reported that the difference in prices for US shale oil in West Texas and at Houston has widened in the last two months on dwindling pipeline space to move the crude to the export hub on the Gulf Coast, pricing data showed.

The newly-inaugurated project cost US$710 million, with US$540 million financed by the World Bank and the Development Bank of Latin America and the Caribbean, says Reuters.

The US Energy Information Administration has reported that US exports of ethane and ethane-based petrochemicals reached an all-time high of 21.6 million t in 2023, up 135% since the United States began exporting ethane in 2014 and 17% more than in 2022, according to data from the US Census Bureau.

Enbridge Inc. has begun talks with its customers about expanding its Mainline pipeline network to handle growing volumes of Canadian oil output.

WhiteWater has reached a final investment decision to move forward with the construction of the Pelican Pipeline after having secured sufficient firm transportation agreements with shippers.

Company targeting numerous strategic hires and partnerships to build on and accelerate existing low-carbon activities.