Acquisitions and mergers

The asset portfolio includes over 13 000 miles of natural gas distribution and transmission pipelines.

Reuters has reported that oil and gas firms Diamondback Energy and Kinetik Holdings said they acquired a 30% equity interest in the EPIC Crude pipeline system.

US gas company Chesapeake Energy's acquisition of Southwestern Energy is now expected to close early in 4Q24, Reuters cited the company’s CEO Nick Dell'Osso as saying.

The 112 km pipeline is crucial for transporting crude oil from Saudi Aramco to Bahrain's national refinery, Bapco Refining.

Apollo Funds to become a non-controlling shareholder in bp Pipelines TAP Limited, an entity which holds a 20% stake in the Trans Adriatic Pipeline.

The acquisition includes four batteries in the Gold Creek and Karr areas, boasting a natural gas handling capacity of 320 million ft3/d.

Combination of Cesium plus iTwin offers developers the most comprehensive digital platform for the built and natural environment.

Last week’s acquisitions are likely to be a prelude to more M&A in the midstream sector, says Bloomberg News.

In a deal valued at US$5.9 billion, the company will acquire a 43% interest in EnLink Midstream from GIP and GIP’s equity interests in Medallion Midstream.

The infrastructure, situated in Eddy and Lea counties in New Mexico, includes both high and low-pressure gas pipelines says GlobalData.