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.
NextDecade CFO Brent Wahl will depart the company on Oct. 20, with Senior Vice President Mike Mott appointed as interim finance chief. The LNG developer reaffirmed plans to reach FID on Rio Grande LNG Train 5 by mid-November.
Phillips 66 will acquire Cenovus Energy’s 50% stake in WRB Refining for $1.4 billion, gaining full ownership of the Wood River and Borger refineries and expanding its U.S. refining capacity.
Sunoco LP has priced $1.9 billion in senior notes to help fund its planned Parkland acquisition, upsizing the deal from $1.7 billion. Proceeds will support the purchase, debt repayment, and general corporate purposes.
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.
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.
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.
Sunoco will acquire Parkland Corporation in a $9.1 billion cash and equity deal, expanding its North American fuel network and maintaining Canadian operations, the companies announced.
When Exxon Mobil and Chevron report first-quarter results this week, investors will be focused on how falling oil prices have increased the risk to dividends and share repurchases for the rest of 2025.
Baker Hughes expects a $100 million-$200 million hit from tariffs and has lowered its 2025 global and North American upstream spending forecasts, citing oil price volatility and weakening demand.
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 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 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.
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.
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