Global Partners LP, a Massachusetts-based company, has acquired a liquid energy terminal in East Providence, Rhode Island from Exxon Mobil Oil Corporation. The East Providence terminal, with a storage capacity of 959,730 barrels across 10 […]
Sunoco LP (SUN) officially acquired NuStar Energy L.P. (NS) on May 3, 2024, finalizing a deal announced in January. This all-stock transaction valued at $7.3 billion marks a significant consolidation in the energy infrastructure landscape. What the Deal Means […]
Williams (NYSE: WMB) is diving deeper into the natural gas game with a strategic $1.95 billion acquisition of six Gulf Coast storage facilities boasting a massive 115 billion cubic feet (Bcf.) capacity. This move strengthens Williams’ grip […]
Chevron’s plans increased investment in both traditional and new energy projects, while prioritizing cash flow and shareholder returns. Chevron plans to spend $15.5- $16.5 billion on organic capex and $3 billion on affiliate projects in […]
Exolum, a major storage and logistics company, is acquiring a 50% stake in a top-tier ammonia and NGL storage terminal in Houston from Moda Midstream. This strategic move strengthens Exolum’s presence in the growing clean […]
On December 2, 2023, the Environmental Protection Agency (EPA) finalized a comprehensive rule aimed at significantly reducing methane emissions from the oil and natural gas industry. This landmark regulation represents a major step forward in […]
The U.S. Department of Energy has announced up to $40 million in federal funding for projects that will help advance commercial-scale carbon capture, transport, and storage across the United States. This funding will provide technical, […]
Dominion Energy plans to construct a liquefied natural gas (LNG) storage facility in Person County, North Carolina, to bolster natural gas service reliability for residential and business customers in the expanding region. The company meticulously […]
Elliott Investment Management has acquired a $1 billion stake in Phillips 66 and is urging the company to improve its performance. Elliott believes that Phillips 66 has lost focus on its refining segment and is […]
Enbridge has announced its 2024 financial guidance, excluding contributions from the gas utilities acquisitions announced in September 2023. The company expects its 2024 base business EBITDA to grow by more than 4% and its DCF […]
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