Companies
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.
Sunoco to Acquire Parkland in $9 Billion Deal as Americas Fuel Market Consolidates
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.
ONEOK Profit Slips on Higher Costs Despite Gains From Pipeline Acquisitions
ONEOK reported a slight dip in first-quarter profit due to higher costs, but core pipeline and NGL segments saw gains from recent acquisitions, including EnLink and Medallion.
Oil Price Slump Sparks Fears Over Big Oil Dividends, Buybacks
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.
Kenya Puts Breaks on Sale of State Pipeline Company
The sale of KPC was approved in 2023, under the country’s privatization program targeting at least 11 state-owned enterprises due to what the government said was “inadequate capital for investments and working capital due to dwindling government resources to invest in those entities.”
EQT Plans to Spend Less While Producing More U.S. Natural Gas in 2025
EQT plans to cut 2025 capital spending while increasing natural gas production, citing efficiency gains and strong well performance. The company also announced a $1.8 billion deal to acquire Olympus Energy’s upstream and midstream assets.
Morgan Stanley Infra Partners Eyes $2 Billion Permian Pipelines Sale, Sources Say
Morgan Stanley Infrastructure Partners is considering a sale of its majority stake in Brazos Midstream II, a Permian Basin pipeline operator, in a deal expected to top $2 billion.
Baker Hughes Sees $200 Million Hit from Tariffs, Trims Spending Outlook
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.
Phillips 66 Challenges Elliott Over Citgo Conflict in Boardroom Battle
Phillips 66 is accusing activist investor Elliott of a conflict of interest tied to Citgo as a shareholder battle over board seats and the company’s future strategy escalates.
AIQ and Gulf Energy Information Collaborate to Further Enrich ENERGYai with Industry Intelligence
AIQ has partnered with Gulf Energy Information to enhance its ENERGYai solution by integrating proprietary energy sector datasets, further strengthening the AI platform's ability to support digital transformation across ADNOC’s operations.
Brookfield to Acquire Colonial Pipeline in $9 Billion Deal Including Debt
Colonial's pipeline system stretches over 5,500 miles from Houston in Texas to New York's harbor. It moves 100 million gallons of fuel daily, including gasoline, jet fuel, diesel and heating oil, according to its website.
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.
Sempra to Sell Gas Assets in Mexico, Trim Infrastructure Stake
Sempra will sell its Ecogas Mexico business and a minority stake in Sempra Infrastructure to help fund a $56 billion capital plan focused on utility investments in Texas and California, with transactions expected over the next 12 to 18 months.
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.
Brookfield Emerges as Frontrunner to Acquire 5,500-Mile Colonial Pipeline in $10 Billion Deal – Bloomberg
Colonial's pipeline system stretches over 5,500 miles from Houston in Texas to New York's harbor. It moves 100 million gallons of fuel daily, including gasoline, jet fuel, diesel and heating oil, according to the company's website.
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.
Gibson, Baytex Partner on Pembina Duvernay Infrastructure Deal
Gibson Energy and Baytex Energy have formed a strategic partnership to develop midstream infrastructure in the Pembina Duvernay, securing a long-term take-or-pay agreement.
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.
Archrock to Acquire Natural Gas Compression Systems in $357 Million Deal
Archrock Inc. is set to acquire Natural Gas Compression Systems Inc. (NGCSI) in a cash and stock deal valued at $357 million, strengthening its position in the natural gas compression market.
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.

- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- Boardwalk’s Texas Gas Launches Open Season for 2 Bcf/d Marcellus-to-Louisiana Pipeline Expansion
- New Alternatives for Noise Reduction in Gas Pipelines
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Gazprom’s Grandeur Fades as Europe Moves Away from Russian Gas
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests