Cresta Fund Management and Endurance Investment Partners are backing Sentinel Midstream’s Enercoast platform with a new investment vehicle, supporting Gulf Coast pipeline expansion and long-term midstream growth.
SI Solutions has acquired Integrity Specialists to expand its pipeline inspection and non-destructive examination services. The deal strengthens SI Solutions’ midstream capabilities and adds scale to its U.S. energy infrastructure operations.
Crescent Energy will acquire Vital Energy in a $3.1 billion all-stock deal, creating a top-10 independent oil and gas producer with assets across the Permian, Eagle Ford and Uinta basins.
The deal, which would give the consortium control of key LNG assets in Australia and Papua New Guinea, faces regulatory hurdles and rising investor skepticism.
U.S. oil and gas mergers and acquisitions tripled in 2024 to $206.6 billion as companies prioritized efficiency and scale despite weaker commodity prices, according to a recent report. Exxon Mobil led dealmaking with its $60 billion Pioneer acquisition.
Eni has agreed to sell a 49.99% stake in its carbon capture subsidiary to Global Infrastructure Partners, expanding the company’s CCUS platform across the UK, Netherlands, and Italy. The deal strengthens Eni’s decarbonization strategy while bringing in a major infrastructure investor.
Antero Resources and Antero Midstream named Michael Kennedy as CEO and president, succeeding Paul Rady, who transitions to chairman emeritus. The leadership changes also include new board chairs and CFO appointments.
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.
Pipeline & Gas Journal is launching its redesigned website with easier navigation, global content filters, and a better user experience tailored to reader feedback.
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 has sold its 16.125% stake in Colonial Enterprises, parent of Colonial Pipeline, to Brookfield Infrastructure for $1.45 billion.
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 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 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 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.
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