Companies
Tanker at Venture Global LNG’s Plaquemines Plant Suggests First LNG Soon
Energy analysts have said they were waiting for a vessel to go to Venture Global's Plaquemines plant as a sign that the facility was moving closer to producing first LNG.
Enterprise Products Acquires Piñon Midstream
Enterprise Products’s previously announced $950 million cash acquisition of Piñon Midstream, LLC has concluded.
Engie and Morocco’s OCP Deal for Green Hydrogen, Renewables Worth $18 Billion in Investments
Morocco's OCP and French energy firm Engie signed a preliminary agreement on Monday for Moroccan projects worth up to $18 billion in possible desalination, renewable energy and green hydrogen investments.
EQT in Talks to Sell $3.5 Billion in Pipeline Stakes to Blackstone
Private equity firm Blackstone is in advanced talks to acquire minority stakes in the interstate natural gas pipelines owned by EQT Corp for about $3.5 billion
EIG’s MidOcean Energy Acquires Additional 15% Interest in Peru LNG From Hunt Oil
MidOcean Energy, a liquefied natural gas (LNG) company formed and managed by EIG announced that it acquired an additional 15% interest in Peru LNG from Hunt Oil Company.
WGLC Celebrates 20 Years of Empowering Women in Energy
Gulf Energy Information is proud to host the 20th annual Women's Global Leadership Conference in Energy (WGLC), set for November 19-20, 2024, in Houston. The event fosters professional growth and networking opportunities, empowering women in the energy sector for two decades.
Tulsa-based ONEOK Finalizes $3.3 Billion Acquisition of EnLink Stake from GIP
Tulsa-based ONEOK has finalized its $3.3 billion acquisition of a controlling interest in EnLink Midstream from Global Infrastructure Partners. The deal expands ONEOK’s asset positions in the Permian Basin, North Texas, and Louisiana, further strengthening its integrated midstream infrastructure.
ConocoPhillips Fights to Maintain Creditor Priority in Citgo Auction
ConocoPhillips has filed a court motion to preserve the U.S. oil producer's almost top priority among Citgo Petroleum creditors to cash proceeds from an auction of shares in the parent of the Venezuela-owned company.
Imperative Chemical Expands with Acquisition of Performance Chemical
Imperative Chemical Partners has acquired Performance Chemical Company (PCC), a Midland-based provider of specialty chemical solutions for midstream and production operators in the oil and gas industry.
2024 Midstream Winners Honored at Gulf Energy Information Excellence Awards Gala in Houston
The 2024 Gulf Energy Information Excellence Awards was held on Wednesday evening at the Post Oak Hotel in Houston, Texas (U.S.). The black-tie gala recognized the energy industry’s leading innovations and thought leaders.
EQT to Lay Off 15% of Workforce After $14 Billion Equitrans Acquisition
EQT Corp. plans to cut 15% of its workforce following its $14 billion acquisition of Equitrans Midstream. The layoffs, part of an integration process, mark the company's largest job reduction since 2019. EQT aims to boost natural gas margins amid fluctuating market conditions.
Exxon Board Member Gregory Goff Joins Elliott Group's Bid to Acquire Citgo Petroleum
Exxon board member Gregory Goff has joined Amber Energy, an Elliott-backed company, in a bid to acquire Citgo Petroleum through a U.S. court auction. The deal aims to resolve Venezuela’s debts, placing a $7.28 billion enterprise value on the Houston-based oil refiner.
FTC Bars Hess CEO from Chevron Board Seat in $53 Billion Deal, Sources Say
U.S. antitrust regulators will block Hess CEO John Hess from joining Chevron's board as a condition for approving Chevron's $53 billion acquisition of Hess, according to sources. This mirrors restrictions in other recent oil industry megamergers.
Gran Tierra Energy Offers $226 Million to Acquire UK’s i3 Energy
With the deal, Gran Tierra Energy aims, to create an independent energy company of scale in the Americas, with increased production, reserves, cash flows, and development options across Canada, Colombia, and Ecuador.
Trans Mountain Appoints Mark Maki as CEO Amid Pipeline Expansion Milestone
Canadian pipeline operator Trans Mountain Corp. on Friday named insider Mark Maki as its chief executive officer from Sept. 1.
Business August 2024
Stay informed about the latest appointments, expansions, and industry insights in this concise business column. From new executive roles at leading companies to strategic manufacturing ventures, get key updates shaping the corporate landscape. Plus, stay in the loop with association initiatives and industry events.
Oklahoma Midstream Firm to Move Headquarters to Downtown Tulsa
Superior Midstream has announced that it will relocate its corporate offices to downtown Tulsa, with the move scheduled for January 2025.
LaBella Associates Acquires Process Pipeline Services, Enhancing Natural Gas Capabilities
LaBella Associates announced that it has acquired Process Pipeline Services Inc. (PPS), a provider of engineering, design and consultation services focused on the natural gas industry.
Chevron Moves Headquarters to Houston, Leaving California Base
U.S. oil company Chevron Corp. said it was replacing several long-standing managers in a reshuffle of senior jobs and that it was moving its headquarters to Houston from San Ramon, California.
Polyguard Becomes Master Distributor for Aquawrap and Powersleeve
Polyguard Products Inc., based in Texas, has become the master distributor for the Aquawrap and Powersleeve brands, manufactured by Field Applied Composites Systems (F.A.C.S.).
Gulf Energy Information Excellence Awards 2024 Receives Record Nominations from Global Industry Leaders
(P&GJ) — We are excited to announce that this year's Gulf Energy Information Excellence Awards have received over 20% more nominations compared to last year!
Aramco Finalizes Deal to Acquire 50% of Air Products Qudra's Blue Hydrogen Business
Saudi oil giant Aramco has signed final agreements to buy 50% of the blue hydrogen industrial gases business of Air Products Qudra, it said on Tuesday, continuing the kingdom's drive to become a major hydrogen producer.
Shell's Gas Bet Takes Shape with New LNG Deals
Shell has replaced LNG volume it lost after exiting Russia in 2022 with a string of deals that underpin CEO Wael Sawan's bet on growing demand for the fuel as he reduces the focus on renewable energy.
Honeywell to Acquire Air Products' LNG Unit for $1.81 Billion
The deal would complement Honeywell's LNG pretreatment business by adding technologies such as heat exchangers and cryogenic equipment to its portfolio amid growing demand for the fuel in key end-markets including power and data centers.
BP Shares Drop 4% After Warning of Weak Refining Impact on Q2 Profit
Weak refining margins and lower oil trading results will dent BP's second-quarter profit by up to $700 million, the company said on Tuesday, sending its shares down by over 4%.
Exxon's Q2 Outlook Affected by Pioneer Deal and Gas Price Trends
Exxon's second-quarter outlook hinges on the impact of its Pioneer acquisition and fluctuating gas prices, amid broader market dynamics.
Nigerian Regulator Clears Eni, Equinor Asset Sales to Local Buyers
Nigeria's upstream oil regulator has approved two key onshore assets sale by international oil companies, clearing the way for Oando and new entrant Project Odinmim to acquire assets.
Business
Stay informed about the latest appointments, expansions, and industry insights in this concise business column. From new executive roles at leading companies to strategic manufacturing ventures, get key updates shaping the corporate landscape. Plus, stay in the loop with association initiatives and industry events.
Equitrans and EQT Announce Preferred Stock Election Deadline Ahead of Merger
Equitrans Midstream Corp. and EQT Corp. have announced the deadline for record holders of Equitrans Series A Perpetual Convertible Preferred Shares to elect their form of consideration in connection with the upcoming merger.
Mega-Deals Reshaping How Midstream Business Is Done
Explore how mega-deals are reshaping the midstream oil and gas industry, providing growth and stability amid regulatory challenges and limited organic expansion opportunities.
- Williams Seeks Emergency Certificate to Operate $1 Billion Mid-Atlantic Gas Pipeline After Court Reversal
- Energy Transfer Subsidiary Selects KTJV for Lake Charles LNG Export Project
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- Four Petroleum Liquids Pipelines Completed in U.S. Since 2023
- Lighter U.S. Permian Crude Risks Losing Favor with Refiners Due to Processing Challenges
- Saudi Arabia Looking to Expand Pipeline to Reduce Oil Exports via Gulf
- Report: Houston Region Poised to Become a Global Clean Hydrogen Hub
