Company News

Consolidation Trends Persist in U.S. Energy Sector in 2024

The consolidation wave in the U.S. energy sector that triggered $250 billion worth of deals in 2023 has stretched into this year, as companies look for opportunities to deploy their cash hoard and boost their reserves.

Aethon Energy to Acquire Tellurian's Upstream Assets for $260 Million

Aethon Energy said it would buy Tellurian's upstream assets for $260 million and signed a deal that could allow the investment firm to purchase two million tons per annum of LNG from Tellurian's Driftwood LNG plant.

ConocoPhillips to Acquire Marathon Oil in $22.5 Billion Deal Amid Ongoing Energy Mergers

ConocoPhillips has agreed to acquire Marathon Oil in an all-stock transaction valued at $22.5 billion, the latest in a series of mega-mergers in the oil and gas industry as companies look to bolster reserves.


Stay informed about the latest appointments, expansions, and industry insights in this concise business column. From new executive roles at leading companies to strategic manufacturing ventures, get key updates shaping the corporate landscape. Plus, stay in the loop with association initiatives and industry events.

Exxon's $60 Billion Pioneer Merger Deal Poised for FTC Approval, Pending Key Condition

The FTC is likely to approve ExxonMobil's $60 billion buyout of Pioneer Natural Resources, but former Pioneer CEO Scott Sheffield's exclusion from the merged board may be crucial for finalizing the deal.

Business News March 2024

Association news, personnel changes and mergers and acquisitions in March 2024!

Business News January 2024

Association news, personnel changes and mergers and acquisitions in January 2024!

19th Pipeline Technology Conference Returns to Berlin in 2024

(P&GJ) — The 19th Pipeline Technology Conference (ptc) is set to return to Berlin, Germany, from April 8 to 11, 2024, bringing together global experts and innovators in the pipeline industry.

BP Short-Lists Three Internal Candidates for CEO

BP's board has short-listed interim CEO Murray Auchincloss and two senior female executives as internal candidates to replace Bernard Looney as chief executive, three company and industry sources told Reuters.

U.S. LNG Developer Tellurian Ousts Co-Founder Souki as Chairman

Tellurian ousted its chairman and co-founder Charif Souki as an executive officer, the U.S. liquefied natural gas (LNG) developer said on Friday, weeks after auditors raised doubts about the company's ability to cover future expenses.

Business News December 2023

Association news, personnel changes and mergers and acquisitions in December 2023!

India Energy Week to Showcase India’s Leadership in the Global Energy Landscape

(P&GJ) — The second edition of India Energy Week (IEW) will be hosted in Goa from February 6th to 9th 2024, by the Federation of Indian Petroleum [FIPI] Industry, under the aegis of Ministry of Petroleum and Natural Gas, Government of India.

AMPP Gulf Coast Area to Host Inaugural Conference in Houston

(P&GJ) — The AMPP Gulf Coast Conference is set to debut in Houston, Texas, from Monday, Aug. 5 to Wednesday, Aug. 7, 2024. This inaugural event marks a significant milestone for the AMPP Gulf Coast Area, bringing together Association for Materials Protection and Performance (AMPP) members, industry leaders, experts, and professionals in corrosion prevention and materials performance.

ROSEN Founder Sells Majority Stake to Partners Group

(P&GJ) — Hermann Rosen, founder of ROSEN Group, has sold a majority stake in ROSEN to the global private markets firm Partners Group, as part of his succession planning.

Occidental Petroleum Beats Q3 Estimates on Higher Production

Occidental Petroleum on Tuesday beat analysts' third-quarter profit estimates on strong U.S. oil production, but its results were well below a year ago due to lower energy prices and weaker chemical and pipeline results.

Opinion: Chevron’s $53 Billion Deal Is a Risky Imitation of Exxon's Strategy

Chevron has decided, like Exxon Mobil, that it’s better to discover oil on the New York Stock Exchange than drilling in the ground. The $318 billion oil giant said Monday it would buy New York-based Hess for $53 billion in an all-stock deal.

Business News October 2023

Association news, personnel changes and mergers and acquisitions in October 2023!

TC Energy Names Ex-CEO as Chair of Oil Pipeline Business

Canadian pipeline operator TC Energy on Thursday named industry veteran and former CEO Hal Kvisle as the chair of its oil pipeline unit.

Chevron Australia, Unions Make Progress in LNG Talks, Deal Remains Elusive

Negotiations over a stalled pay and conditions deal between Chevron and unions at its LNG facilities in Australia made progress on Friday but fell short of sealing an agreement to end months of labor disputes at the major export sites.

Midstream Winners Honored at Gulf Energy Information Excellence Awards Gala

(P&GJ) — Pipeline & Gas Journal is excited to announce the winners of the midstream categories at the inaugural Gulf Energy Information Excellence Awards. Industry experts gathered at Houston's Post Oak Hotel for a grand gala, combining the recognition programs of World Oil, Hydrocarbon Processing, Pipeline & Gas Journal, and Petroleum Economist.

Join Us for the Gulf Energy Information Excellence Awards: Where Excellence Takes Center Stage

(P&GJ) — In just two days, the prestigious Gulf Energy Information Excellence Awards will take center stage, celebrating the finest achievements in the energy industry. This event combines the recognition programs of World Oil, Hydrocarbon Processing, Pipeline & Gas Journal, and Petroleum Economist into a single grand gala, is set to be a pinnacle celebration of excellence.

Business News September 2023

Association news, personnel changes and mergers and acquisitions in September 2023!

NextEra Energy to Sell Florida City Gas to Chesapeake Utilities for $923 Million

NextEra Energy said on Tuesday it plans to sell Florida City Gas (FCG) to Chesapeake Utilities for $923 million in cash. FCG’s natural gas infrastructure encompasses approximately 3,800 miles of distribution mains and 80 miles of transmission pipelines.

Repsol Challenges Venture Global LNG Over Failure to Supply Gas

Spain's Repsol SA has asked an international tribunal to require U.S. gas exporter Venture Global LNG to fulfill its contract for LNG or compensate it, Reuters reported. It is the fourth European customer to pursue an arbitration case against the U.S. developer.

Former CFO of Russian Natural Gas Firm Novatek Sentenced to 7 Years in US Prison

A former deputy chief of Russian natural gas producer Novatek was sentenced on Thursday to seven years and two months in a U.S. prison for a scheme to hide millions of dollars of income in undisclosed Swiss bank accounts and submitting a false filing.

Venture Global CEO Says Court Battles Are Not Slowing the Company's LNG Projects

Venture Global LNG's chief executive insisted recently that the company's development of U.S. LNG plants has not been slowed by international court battles over its failure to deliver cargoes to contract holders, including BP and Shell.

Sempra Completes Port Arthur LNG Phase 1 Interest Sale to KKR

(P&GJ) — Sempra Infrastructure announced that it has completed the sale of a 42% indirect, non-controlling interest in its Port Arthur LNG Phase 1 project to KKR.

Diamondback Energy, Five Point Form Water-Focused JV Deep Blue in Midland Basin

(P&GJ) — Diamondback Energy Inc. and Five Point Energy LLC have partnered to form a new joint venture entity, Deep Blue Midland Basin LLC. The joint venture’s water infrastructure network comprises over 800 miles of pipelines for gathering, transport, disposal and reuse.

Equitrans CEO Karam to Step Down, Insider Charletta to Succeed

Equitrans Midstream said on Thursday CEO Thomas Karam will step down from his role at the end of the year to become the pipeline operator's executive chairman.

Natural Gas Firm Peyto to Buy Repsol's Canada Unit for $468 Million

Canadian natural gas firm Peyto Exploration & Development has agreed to buy Spanish energy company Repsol's assets in Canada for $468 million, the two companies said in separate statements.