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 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 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 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 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.
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.
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 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 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 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 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 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.
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 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.
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