Business news

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.

With the addition of new organic growth projects and acquisitions, volumes on Energy Transfer’s assets continued to increase during the Q324.

Victory for Donald Trump in the US election is unlikely to alter the structural tipping points in oil markets for 2025.

Reuters has reported that the difference in prices for US shale oil in West Texas and at Houston has widened in the last two months on dwindling pipeline space to move the crude to the export hub on the Gulf Coast, pricing data showed.