Phillips 66 to expand Permian Basin footprint with $2.2bn EPIC NGL acquisition

Pallavi Madhiraju- January 7, 2025 0

In a move poised to strengthen its position in the U.S. midstream energy sector, Phillips 66 (NYSE:PSX) has entered into a definitive agreement to acquire ... Read More

Phillips 66 to cash out 25% Gulf Coast Express Pipeline stake to ArcLight for $865m

Pallavi Madhiraju- December 17, 2024 0

Phillips 66 has reached an agreement to sell its 25% non-operated equity stake in the Gulf Coast Express Pipeline to an affiliate of ArcLight Capital ... Read More

ProPetro Energy Solutions secures $122m investment for mobile power expansion

Pallavi Madhiraju- December 10, 2024 0

ProPetro Holding Corporation, a prominent player in oilfield services, has announced a strategic $122 million growth capital investment to expand into mobile power generation. The ... Read More

Chevron upgrades Pasadena refinery to boost capacity and flexibility

Pallavi Madhiraju- December 10, 2024 0

Chevron U.S.A., Inc. (CUSA), a subsidiary of Chevron Corporation, has announced the completion of a major upgrade to its refinery in Pasadena, Texas. The retrofit, ... Read More

Energy Transfer announces Hugh Brinson Pipeline to boost Permian Basin natural gas

Pallavi Madhiraju- December 9, 2024 0

Energy Transfer LP has officially announced its final investment decision (FID) for the Hugh Brinson Pipeline, a $2.7 billion project aimed at expanding natural gas ... Read More

Landbridge expands footprint in Delaware Basin with strategic acquisitions

Pallavi Madhiraju- November 24, 2024 0

LandBridge Company LLC, a leader in land and resource management, has finalized its acquisition of 5,800 contiguous surface acres in Lea County, New Mexico. This ... Read More

ConocoPhillips strengthens U.S. shale position with $22.5bn Marathon Oil acquisition

Pallavi Madhiraju- November 24, 2024 0

ConocoPhillips has officially closed its $22.5 billion acquisition of Marathon Oil Corporation, marking a pivotal moment in the U.S. energy sector. This all-stock transaction, which ... Read More

Coterra Energy expands Permian presence with strategic acquisitions worth $3.95bn

Pallavi Madhiraju- November 14, 2024 0

Coterra Energy, a leading player in the U.S. oil and gas industry, has made a significant move to bolster its presence in the prolific Permian ... Read More

APA Corporation announces $950m sale of Permian Basin assets, sends stock tumbling

Pallavi Madhiraju- September 11, 2024 0

APA Corporation has entered into a definitive agreement to sell its non-core properties in the Permian Basin for $950 million to an undisclosed buyer, a ... Read More

ONEOK to expand Permian infrastructure with $5.9bn purchase of Medallion and EnLink interests

Pallavi Madhiraju- August 29, 2024 0

ONEOK, Inc. (NYSE: OKE) has announced a significant expansion of its energy infrastructure portfolio through two major acquisitions from Global Infrastructure Partners (GIP), valued at ... Read More

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