Companies
Partners Group to Sell LNG Shipping Platform CapeOmega to KKR, Ocean Yield
Partners Group will sell LNG carrier operator CapeOmega to KKR and Ocean Yield, marking a full pivot from offshore energy to low-carbon shipping. The fleet of fuel-efficient vessels is set to benefit from rising global LNG demand.
P&GJ Launches Redesigned Website with Improved Navigation and Global Content Filters
Pipeline & Gas Journal is launching its redesigned website with easier navigation, global content filters, and a better user experience tailored to reader feedback.
Williams Profit Rises on Pipeline Expansions, Higher Gas Fees
Williams Companies reported higher second-quarter profit as natural gas prices rebounded and pipeline expansions boosted service revenues, including growth at its Transco system.
Shell Finalizes Sale of Colonial Pipeline Stake to Brookfield Subsidiary
Shell has sold its 16.125% stake in Colonial Enterprises, parent of Colonial Pipeline, to Brookfield Infrastructure for $1.45 billion.
MPLX to Buy Northwind Midstream for $2.38 Billion, Boosting Permian Sour Gas Capacity
MPLX will acquire Northwind Midstream for $2.38 billion to expand sour gas gathering and processing in New Mexico’s Permian Basin, gaining 200,000 dedicated acres and over 200 miles of pipeline.
Phillips 66 Q2 Earnings Rise on Strong Refining, Midstream Growth
Phillips 66 posted $877 million in second-quarter earnings, driven by strong refining performance and the Coastal Bend midstream acquisition. The company returned $906 million to shareholders and advanced growth plans toward 2027 targets.
Chevron Wins Hess Dispute After Exxon Challenge, But Pays High Price
Chevron has completed its $55 billion Hess acquisition after fending off ExxonMobil’s arbitration challenge over Guyana’s Stabroek stake. But the year-long delay cost Chevron billions in lost Guyana oil revenue and slowed its growth strategy.
ArcLight Acquires Ohio Gas-Fired Power Plant
ArcLight Capital Partners will acquire the 484 MW Middletown Energy Center in Ohio to support growing power demand from data centers and industrial users in the PJM market.
Shell Flags Earnings Drop as Gas Trading Falters, U.S. Plant Shuts Down
Shell expects a drop in second-quarter profits due to unplanned maintenance at its U.S. Monaca chemical plant and weaker trading performance in its LNG division, prompting analysts to lower earnings forecasts.
United Energy, Power LNG Merge to Expand U.S. Small-Scale LNG Hubs
United Energy LNG and Power LNG are merging, combining three projects in Texas and Kansas to fast-track modular small-scale LNG supply for U.S. power, industry and transport.
Santos Moves Closer to $18.7 Billion Sale with Exclusive ADNOC Talks
Australia’s Santos has granted an ADNOC-led consortium six weeks of exclusive due diligence following a proposed $18.7 billion takeover. The offer includes participation from Carlyle and ADQ and would require 75% investor approval to proceed.
Black Lion Makes $8 Billion Cash Offer for Citgo’s U.S. Parent Company
Black Lion Citgo Group has submitted an $8 billion all-cash bid for PDV Holding, the parent of U.S. refiner Citgo Petroleum, in a Delaware court-organized auction to settle Venezuela’s outstanding debts.
Enterprise Prices $2 Billion in Senior Notes for Debt Repayment, Growth
Enterprise Products Partners L.P. has priced a public offering of $2 billion in senior notes through its operating subsidiary, Enterprise Products Operating LLC.
Mexico’s Pemex Risks July Shutdown as Suppliers Demand $20 Billion in Payments
Major oilfield service firms are threatening to suspend operations in July unless Pemex pays $20 billion in overdue invoices, raising concerns over the stability of Mexico’s upstream oil production.
ROSEN Names Former Linde Executive Andreas Opfermann as New CEO
The ROSEN Group has named Andreas Opfermann as its next chief executive officer, effective July 1, 2025. He succeeds interim CEO Erik Cornelissen, who will take on the newly created role of chief customer officer.
Heath Consultants Exits Locate Business to Expand Methane Leak Detection Portfolio
Heath Consultants is selling its 811 locate services to USIC to focus on methane emissions detection technologies. The deal, expected to close by Q3 2025, supports Heath’s strategic pivot toward advanced leak detection and regulatory compliance tools.
Honeywell Acquires Sundyne in $2.2 Billion Deal to Boost Process Industry Capabilities
Honeywell has completed its $2.16 billion acquisition of Sundyne, a maker of high-performance pumps and compressors for the process industries, the company announced on June 9.
Crane to Acquire Sensor Unit from Baker Hughes in $1.15 Billion Deal
Crane Company has agreed to acquire Precision Sensors & Instrumentation (PSI) from Baker Hughes for $1.06 billion, including estimated tax benefits worth $90 million.
NW Natural Expands Texas Footprint with $60 Million Hughes Gas Acquisition
NW Natural Holdings has acquired Texas-based Hughes Gas Resources for $60 million, expanding its regulated utility presence in the Houston area through SiEnergy.
Chart, Flowserve Merge in $19 Billion All-Stock Deal to Form Industrial Tech Giant
Chart Industries and Flowserve are merging in a $19 billion all-stock deal to form a global leader in industrial process technologies, with plans to expand aftermarket services and strengthen their footprint across energy, LNG, and manufacturing markets.
GIP Sells Final Stake in Hess Midstream, Ending Long-Term Partnership
Hess Midstream has overhauled its board structure and introduced stronger governance controls following GIP’s full divestment. The updates reinforce independent oversight and safeguard decision-making on capital, debt, and related-party agreements.
CP2 Project Approval Could Make Venture Global Top U.S. LNG Firm
Venture Global is positioned to become the largest U.S. LNG producer by 2026 if its CP2 project moves forward, surpassing Cheniere with a combined 66.5 MTPA capacity, according to company data and analysts.
Five Point Seeks $2 Billion Sale of Permian Pipeline Operator Northwind
Private equity firm Five Point Infrastructure is exploring a $2 billion sale of Northwind Midstream, its Permian Basin gas infrastructure operator focused on acid gas treatment, according to sources familiar with the matter.
Phillips 66 Sells Majority Interest in European Fuel Retailer
Phillips 66 will sell a 65% stake in its Germany and Austria JET-branded retail fuel network for $2.8 billion, forming a joint venture with Energy Equation Partners and Stonepeak while retaining a minority interest.
ArcLight Takes Majority Stake in NGPL Pipeline System; Kinder Morgan Retains Minority Interest
NGPL, one of the largest interstate natural gas pipeline networks in the U.S., spans nine states with approximately 9,100 miles of pipeline, one million horsepower in compression, and 288 billion cubic feet of storage.
Freedom CNG Acquires X3CNG, Lancer Energy to Expand Western RNG Footprint
Freedom CNG expanded its Western U.S. renewable fuel network with the acquisitions of Colorado-based X3CNG and Utah-based Lancer Energy, enhancing its CNG and RNG fueling capabilities.
Tidewater Midstream to Acquire Segment of Pembina's Western Pipeline System
Tidewater Midstream is acquiring a segment of Pembina Pipeline's 234-mile Western pipeline system in British Columbia, Tidewater announced on May 6. The deal secures long-term access to crude for the Prince George Refinery and is expected to close by September.
NGL Energy Partners Divests 17 NGL Terminals as Part of $270 Million Asset Sale
NGL Energy Partners has completed $270 million in non-core asset sales, including NGL terminals, refined products, and crude railcars, to pay down debt and strengthen its balance sheet.
Williams CEO Alan Armstrong Moving to Executive Chairman Role; Zamarin Named New CEO
Williams announced a leadership transition, with CEO Alan Armstrong moving to Executive Chairman and Chad Zamarin named as the company’s new CEO, effective July 1, 2025.
Archrock Completes $357 Million NGCS Acquisition, Expands Permian Compression Fleet
Archrock has completed its $357 million acquisition of NGCS, adding 351,000 horsepower to its fleet and expanding Permian Basin operations as demand for compression services grows.
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- Energy Transfer to Build $5.3 Billion Permian Gas Pipeline to Supply Southwest
- Enbridge Sees High Demand to Expand 593-Mile Canada-to-U.S. Gulf Oil Pipeline
- Strike Pioneers First-of-Its-Kind Pipe-in-Pipe Installation on Gulf Coast with Enbridge
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- Strike Pioneers First-of-Its-Kind Pipe-in-Pipe Installation on Gulf Coast with Enbridge
- Enbridge Sees High Demand to Expand 593-Mile Canada-to-U.S. Gulf Oil Pipeline
