Business news

Markets respond to US ‘Liberation Day’ and recent OPEC+ meeting.

Shell Midstream Operating LLC (SMUS), a subsidiary of Shell plc, has agreed to sell its 16.125% interest in Colonial Enterprises, Inc. to Colossus AcquireCo LLC, a wholly owned subsidiary of Brookfield Infrastructure Partners L.P. and its institutional partners, for US$1.45 billion.

Phillips 66 has announced the completion of its previously announced acquisition of EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP, which own various subsidiaries and long-haul natural gas liquids pipelines, fractionation facilities and distribution systems (EPIC NGL) for total cash consideration of approximately US$2.2 billion.

Iberdrola said the transaction reinforces its strategy focused on the sale of non-strategic assets, portfolio optimisation with value creation, and capital discipline.

Izomax accelerates global growth with acquisition of IK Engineering and IK Group US Inc.

US Transportation Secretary Sean P. Duffy advocates for enhancing pipeline safety in new advisory.

The environmental group must pay more than $660 million in damages for defamation and other claims brought by the pipeline company.

Enbridge Inc. has announced Steven W. Williams as Chair of the Board, effective 7 May 2025 following conclusion of its Annual Meeting of Shareholders, coincident with the retirement of Pamela L. Carter, the current Board Chair.

Summit Midstream Corp. has acquired Moonrise Midstream and provided an update on its operations in the DJ Basin.

This open season will run for 30 days from 7 March 2025.

Bringing 25 years of experience to COO role, Wauson will oversee all operational and commercial activities for the company.

Enbridge Inc. has released a statement reiterating its strategic priorities, demonstrating the visibility of its growth outlook, and reaffirming its financial outlook.

MPLX LP has announced it has signed a definitive agreement with affiliates of WhiteWater and Diamondback Energy to acquire the remaining 55% interest in BANGL, LLC for US$715 million.

Miller and Novarc will combine their expertise and AI to transform the future of welding automation.

Oxford Flow secures ES valve order worth nearly US$1 million with bp in USA.