Business news

The Open Season began at 5:00 p.m. CT on 3 February 2025 and is scheduled to end at 1:00 p.m. CT on 7 March 2025.

ArcLight Capital Partners, LLC and affiliates has announced that it has completed the acquisition of a 25% equity interest in Gulf Coast Express Pipeline LLC (GCX) for US$865 million from an affiliate of Phillips 66.

ONEOK, Inc. has announced that it has completed its acquisition of EnLink Midstream, LLC.

The Association for Materials Protection and Performance has announced its creation of a non-profit philanthropic organisation focused solely on workforce development and changes to AMPP’s governance system that allow greater focus on emerging and global opportunities.

Lunate, an Abu Dhabi based global alternative investment manager with US$105 billion in assets under management, announced it is to acquire a minority stake in ADNOC Gas Pipelines that is indirectly held by Snam, Europe’s leading gas infrastructure operator.

Penspen, an international energy consultancy, has announced a positive finish to the fiscal year with US$120 million awarded in new contracts during 2H24, a 14% increase on the same period in 2023, taking total 2024 sales to over US$225 million.

Pine Run Gathering (a joint venture of Stonehenge and UGI) has announced that it has completed a transaction to acquire Superior Midstream Appalachian, LLC for US$120 million subject to customary adjustments.

In its January Short-Term Energy Outlook (STEO), EIA forecasts the US benchmark Henry Hub natural gas spot price to increase in 2025 to average US$3.10/million Btu and in 2026 to average US$4.00/million Btu from the record low set in 2024.

NDT Global, a provider of non-destructive testing and ultrasonic inspection solutions, has announced it is celebrating its 25th anniversary in 2025. Since its founding, the company said it has been dedicated to driving technology innovation and advancing safety and operational performance in the energy sector.

The Board of Directors for the Interstate Natural Gas Association of America (INGAA) has appointed Michael McMahon to serve as the chairman of the organisation for a one-year term.

The acquisition includes a processing facility and a 104 mile, large-diameter, high-pressure rich gas gathering header pipeline connecting supplies from the Williston Basin area to high-demand markets.

New alliance partnership with leader in high-pressure pump systems based in Italy.

In conversation with Colin Wilson, SRCN Solutions.

Wabtec Corporation has announced a definitive agreement to acquire Evident’s Inspection Technologies division.

The offering is expected to close on 15 January 2025, subject to the satisfaction of customary closing conditions.