Companies

Tokyo Gas will sell its U.S. upstream subsidiary TGNR TVL LLC to Grayrock Energy for $255 million, exiting the Haynesville-area asset as part of a broader portfolio realignment. The deal is expected to close by year-end 2025.

Italy’s Snam has abandoned its $1.1 billion plan to acquire a 24.99% stake in German gas transmission operator Open Grid Europe after Berlin raised concerns over indirect Chinese ownership, ending months of foreign investment review.

Enstor Pipeline Holdings has completed its acquisition of Black Bear Transmission from Basalt Infrastructure Partners, adding 1,700 miles of pipeline and expanding its natural gas network across the Southeastern United States.

Enterprise Products Partners posted lower third-quarter earnings as weaker natural gas liquids margins offset record pipeline throughput. The company raised its unit buyback authorization to $5 billion and expects 2025 capital spending near the top of its guidance.

CRC Evans hosted an event at its Kintore facility to address welding and coating challenges in hydrogen and carbon capture pipelines. The company showcased advanced technologies and digital platforms to accelerate low-carbon infrastructure delivery and support the global energy transition.

Kinder Morgan posted higher third-quarter profit as natural gas demand surged, boosting pipeline volumes and supporting its $9.3 billion project backlog amid rising U.S. LNG exports and power generation growth.

CenterPoint Energy will sell its Ohio natural gas business, including 5,900 miles of pipeline and 335,000 customers, to National Fuel Gas Company for $2.62 billion.

The 2025 Gulf Energy Information Excellence Awards in Houston honored this year’s top midstream innovators, including Williams Companies, Saudi Aramco, Hifi, Cenit Transporte, and Pipeline Ultraisolation Group. Winners were recognized for advancements in digital transformation, pipeline integrity, automation, and safety across the global midstream sector.

Centuri Holdings has appointed industry veteran Ryan Palazzo as President of U.S. Gas, strengthening leadership as demand for natural gas infrastructure services grows across North America.

Spanish gas grid operator Enagás is in discussions to buy GIC’s 32% stake in France’s Terega, the country’s second-largest gas transmission operator and a partner in the H2Med hydrogen pipeline network linking Spain, France, and Germany.

Canada has approved Sunoco’s $9.1 billion acquisition of Parkland Corp., clearing a key hurdle for the transaction expected to close later this year and expand Sunoco’s fuel infrastructure across North America.

Pembina Pipeline Corp. has completed a $225 million subordinated note offering and plans to redeem its Series 9 preferred shares in December 2025, using the proceeds to strengthen its balance sheet and streamline capital structure.

Colonial Pipeline, operator of the largest U.S. refined-fuel network, confirmed plans to cut jobs as part of a restructuring under new owner Brookfield Infrastructure. The $9 billion acquisition marks the first time the 5,500-mile pipeline has had a single owner since the 1960s.

OQ has launched a new polypropylene pipe grade, Luban RP6207B, designed for hot and cold-water systems to improve global infrastructure reliability and water security. The innovation debuts alongside 17 new polymer solutions at K 2025.

Phillips 66 will book $100 million in charges as it winds down its 139,000-bpd Los Angeles refinery by year-end, including $30 million tied to its midstream segment for retiring transportation assets. The refinery received its final crude shipment Sept. 30, with processing to end in mid-October.