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.
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.