Business news

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.

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.