Business news

DT Midstream, Inc. has announced that it has closed the previously announced offering of US$650 000 000 of 5.800% Senior Secured Notes due 2034.

STATS has announced a significant expansion of its operations in the Kingdom of Saudi Arabia, marking a strategic milestone in the company's global growth.

Macquarie Asset Management announces new partnership with Dow, forming Diamond Infrastructure Solutions, a venture focused on managing and expanding key US Gulf Coast infrastructure assets, including pipelines.

STR has secured STAR as its new majority shareholder, as the global subsea sensor equipment and solutions provider sets out an ambitious growth strategy, targeting offshore energy and infrastructure.

The British energy company could raise up to US$3 billion from the sale, says Reuters.

CNX Resources Corporation has announced that it has entered into a definitive agreement to acquire the natural gas upstream and associated midstream business of Apex Energy II, LLC.

The transaction is expected to close prior to 31 December 2024.

The incorporated joint venture (IJV) will be set up to sustain domestic oil and gas production and security of energy supply in the UK.

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.