Company News
ConocoPhillips Eyes Sale of Oklahoma Assets Worth Over $1 Billion, Sources Say
ConocoPhillips is exploring the sale of oil and gas assets in Oklahoma’s Anadarko Basin inherited from its $22.5 billion Marathon Oil acquisition. The assets could fetch over $1 billion as part of the company’s $2 billion divestment plan.
Phillips 66 Finalizes $2.2 Billion EPIC NGL Deal, Adding 885 Miles of Pipeline
Phillips 66 has completed its $2.2 billion acquisition of EPIC NGL, adding 885 miles of pipeline and two fractionators to its midstream portfolio. The assets will boost capacity and strengthen its Permian-to-Gulf Coast connectivity.
Brookfield Nears $9 Billion-Plus Deal for Colonial Pipeline, Sources Say
Brookfield Asset Management is nearing a deal to acquire Colonial Pipeline, the largest U.S. fuel transportation network, for more than $9 billion including debt, sources say. A formal announcement could come within weeks.
India’s LPG Fleet Grows as BW LPG Sells Two Carriers for $150 Million
BW LPG Limited has signed a Memorandum of Agreement to sell two Very Large Gas Carriers (VLGCs) — the BW Pampero and BW Chinook — to BW LPG India, its joint venture with Global United Shipping.
Gulf Energy Information Opens Nominations for 2025 Excellence Awards
Gulf Energy Information is pleased to announce that nominations are now open for the 2025 Gulf Energy Information Excellence Awards, the premier international honors recognizing outstanding innovation, leadership, and achievement across the global energy sector.
Elliott Sues Phillips 66 Over ‘Gamesmanship,’ Seeks Nomination Rights for Four Board Seats
Elliott Investment Management has filed suit against Phillips 66, accusing the company of boardroom gamesmanship and seeking nomination rights for four director seats at the 2025 annual meeting.
Williams Cos. COO Micheal Dunn to Retire in 2025 After Decades of Leadership
Williams Cos. has announced that Micheal Dunn, Executive Vice President and Chief Operating Officer, will retire effective May 2, 2025. Dunn, who has been with the company for over three decades, has played a pivotal role in shaping Williams into a unified, industry-leading operating company.
Enbridge Names Steven W. Williams as Board Chair
Enbridge Inc. has appointed Steven W. Williams as its new Chair of the Board, effective May 7, 2025, following the retirement of current Chair Pamela L. Carter.
HYLAN Launches New Gas and Pipeline Division to Expand Infrastructure Services
HYLAN, a market-leading provider of full-service turnkey communications solutions, electrical infrastructure design, and utility construction services, is expanding its capabilities with the launch of its new Pipeline Division.
Elliott Builds $2.5 Billion Stake in Phillips 66, Pushes for Midstream Business Sale
Elliott Investment Management has built a $2.5 billion stake in Phillips 66 and is pushing for the sale of its midstream business. The activist investor argues that urgent changes are needed to boost shareholder returns, including divesting midstream assets and restructuring operations.
Welcome Back to P&GJ’s Annual Pipeline Conference
For the first time since 2022, Pipeline & Gas Journal will host a midstream event to discuss construction and corrosion challenges, and to explore what lies ahead in what is expected to be a more favorable regulatory and permitting climate.
North Sea Midstream Partners Names Angela Fletcher as CEO
Fletcher, who has served as NSMP’s chief commercial officer for the past year, takes over as the midstream operator continues efforts to support UK energy security and transition efforts.
ONEOK Completes EnLink Midstream Acquisition, Expands Value Chain
ONEOK Inc. has completed its acquisition of EnLink Midstream LLC, strengthening its integrated midstream operations and diversifying its platform. The transaction was approved by EnLink unitholders at a special meeting on Jan. 30.
Velocity Management Invests in Oklahoma-Based Pipeline Builder M Wright Services
M Wright Services, a pipeline construction company based in Weatherford, Oklahoma, has received a minority investment from Velocity Management Advisors, a partnership of seasoned midstream professionals.
Kim Rush Named President of NW Natural Gas, Effective April 2025
Northwest Natural Gas Company (NW Natural) has announced the appointment of Kim Rush as its next president, effective April 1, 2025. Rush, a 26-year veteran of the Portland-headquartered utility, will take on full strategic, financial, and operational responsibilities for the company.
Constellation Energy to Buy Calpine in $16.4 Billion Power Industry Mega-Merger
U.S. nuclear power provider Constellation Energy on Friday agreed to buy privately-held natural gas and geothermal company Calpine Corp. for $16.4 billion, marking one of the biggest acquisitions in the history of the U.S. power industry.
Chevron Eyes $6-8 Billion Free Cash Flow Growth in 2024, CEO Says
Chevron is positioned to increase its free cash flow by $6 billion to $8 billion by next year, and reduce expenses by "a couple billion dollars," said Chevron CEO Michael Wirth on Wednesday.
Constellation Nears $30 Billion Deal for Natural Gas Company Calpine: Bloomberg
Constellation Energy is nearing an acquisition of Calpine Corp. that would value the company at about $30 billion including debt, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Martin Midstream, Martin Resource Management Call Off Merger After Unitholder Pushback
Martin Midstream Partners has announced the termination of its merger agreement with Martin Resource Management Corp. Under the agreement, MRMC would have acquired all outstanding common units of MMLP not already owned by MRMC and its subsidiaries.
Oil States Sells Houston Ship Channel Facility for $24.8 Million
Oil States International Inc. has finalized the sale of its idled Houston Ship Channel facility, generating $24.8 million in net proceeds. The sale is part of the company’s broader strategy to optimize its operations and improve financial flexibility.
Glass Lewis Backs Martin Midstream's Buyout Deal with Martin Resource
Martin Midstream Partners said on Wednesday that proxy advisory firm Glass Lewis has recommended the energy infrastructure firm's unitholders to vote for the company's proposed buyout deal with Martin Resource Management Corp.
Nut Tree and Caspian Urge Martin Midstream Unitholders to Reject Merger with MRMC
Nut Tree and Caspian Capital argue that MMLP’s merger proposal relies on a "deeply flawed" valuation and disproportionately benefits Ruben Martin III, MRMC's controlling figure, at the expense of unitholders.
Progressive Pipeline Management Acquired by Platform Partners
PPM, known for its trenchless pipeline rehabilitation services, specializes in restoring aging natural gas distribution pipelines using cured-in-place-lining (CIPL) technology, which minimizes surface disruption.
WGLC 2024 Highlights Leadership Strategies for Women in Energy
The Women’s Global Leadership Conference celebrated its 20th year running as it kicked off on Nov. 19-20, once again bringing female leaders and industry experts from around the globe to discuss pressing concerns and shifts in the industry that are unique to the female experience.
WGLC 2024 Opens with Strong Call for Women’s Leadership in Energy
The 20th annual Women’s Global Leadership Conference in Energy (WGLC) kicked off with a powerful opening session led by Alexandra “Alie” Pruner, Senior Advisor at Perella Weinberg Partners/TPH&Co.
Venture Global LNG Reports $4.85 Billion in 2023 Profits Amid IPO Buzz
Venture Global LNG reported $4.85 billion in operating income for 2023, marking its second year of operations. As the company prepares for a stock market listing, financial documents reveal ambitious plans for expanding its LNG export facilities and significant revenue growth.
Chevron CEO Wirth Under Fire as Hess Deal Delay Drags Down Stock Performance
Chevron CEO Michael Wirth faces mounting pressure as the company's stock slides amid delays in the $53 billion acquisition of Hess. The stalled deal, crucial for growth, coincides with declining earnings and rising operational costs, raising concerns among investors about Chevron's future direction.
Petronas Plans “Aggressive” Expansion With New Hub in Indonesia
Malaysian state energy firm Petronas plans an "aggressive" expansion in Indonesia, which includes creating a hub for its East Java operations and investing in exploration for country's eastern regions.
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.
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.
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- Canada’s Canceled Oil Pipelines: The Projects That Didn’t Make It
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Michigan Court Backs Permits for Enbridge’s Line 5 Pipeline Tunnel Project
- Editor’s Notebook: Fire Fuels Pipeline Concerns
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Enbridge Plans $2 Billion Upgrade for North America’s Largest Crude Pipeline
