Business news

TC Energy's CAN$1 billion deal to sell a minority stake in its Canadian natural gas pipeline system to a consortium of Indigenous communities has been delayed, reports Reuters.

Natural gas pipeline takeaway capacity in the Permian Basin will soon increase as the Matterhorn Express Pipeline, with a capacity of 2.5 billion cubic feet per day, is expected to begin service this month.

The acquisition includes four batteries in the Gold Creek and Karr areas, boasting a natural gas handling capacity of 320 million ft3/d.

The EIA expects that Brent crude oil prices will return to above US$80/bbl this month.

CruxOCM, a provider of co-pilot technology for the energy sector, has announced that Delek Logistics Partners, a prominent player in the energy industry, has chosen CruxOCM for its control centre operations automation.

Motive Offshore acquires Aquatic, previously owned by Acteon.

Element is urging those who look after the maintenance of plant and equipment on offshore platforms, within oil refineries, and in petroleum pipelines, to explore the potential of AI technology to help reduce downtime.

Combination of Cesium plus iTwin offers developers the most comprehensive digital platform for the built and natural environment.

The Pipeline Technology Conference (ptc) will celebrate its 20th anniversary in Berlin from 5 - 8 May 2025.

FFL Partners agrees to sell its investment in Ovarro to Indicor, LLC, a leading diversified industrial company specialising in mission-critical technologies across various niche markets.

The Matterhorn natural gas pipeline in Texas was moving small amounts of gas from the Permian basin in West Texas toward the Gulf Coast, reports Reuters.

The sale forms part of Phillips 66's strategy to monetise non-core assets and streamline operations, details GlobalData.

Last week’s acquisitions are likely to be a prelude to more M&A in the midstream sector, says Bloomberg News.

US carbon capture and storage stakeholders must overcome serious trust deficits to meet net zero potential new research shows.

The overall value of the two contracts is approximately US$1 billion.