Oil and gas dealmaking continued at a high clip in the first quarter, especially in the Permian Basin. But a thinning list of potential takeout targets, and an invigorated Federal Trade Commission, are chilling the red-hot M&A market.

Baker Hughes will supply centrifugal compressors for Saudi Arabia’s new pipeline system, which aims to increase gas distribution across the kingdom and reduce carbon emissions

Eni, one of Italy’s biggest energy companies, will transfer its U.K. business in exchange for 38.5% of Ithaca’s share capital, while the existing Ithaca Energy shareholders will own the remaining 61.5% of the combined group.

Venture Global’s massive export terminal will change natural gas flows across Gulf of Mexico but may still be years away from delivering LNG to long-term customers.

PrairieSky Royalty said the acquisition was funded with excess earnings from the CA$83 million (US$60.75 million) generated from operations.

Sources say another company is considering $1.3B acquisition for Crescent Midstream’s facilities and pipelines focused on Louisiana and the Gulf of Mexico.

Equitrans’ dividends will be paid on May 15 to all applicable ETRN shareholders of record at the close of business on May 7.

BCCK will deliver two of its NiTech Single Tower Nitrogen Rejection Units (NRU) and amine systems to Vision RNG’s landfill gas processing sites in Seneca and Perry counties, Ohio.

MidOcean Energy’s deal for SK Earthon’s Peru LNG follows a March deal to purchase Tokyo Gas’ LNG interests in Australia.