Brookfield Infrastructure Partners Buys Colonial Pipeline for $9B
Brookfield Infrastructure Partners LP has agreed to acquire Colonial Enterprises, the owner of the Colonial Pipeline, in a deal valued at $9 billion.
Matador Exits Eagle Ford Shale, Preps for ‘Turbulent Times’
Matador Resources Co. divested its Eagle Ford Shale assets “in preparation for turbulent times” but doesn’t expect tariffs to affect well costs until the second half of 2025.
Brookfield to Buy Colonial Pipeline for About $9 Billion, Including Debt
Brookfield Infrastructure Partners is buying Colonial Pipeline, the largest U.S. fuel transportation system, in a deal valued at about $9 billion, including debt, the company said on Thursday. The deal to acquire all assets of Colonial Enterprises, including Colonial Pipeline, is expected to close in the second half of 2025. Colonial’s pipeline system stretches over …
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Goldman Cuts Oil Price Forecasts Amid Tariff Fears, Higher OPEC+ Supply
Goldman Sachs lowered its forecast for Brent crude’s average price this year by 5.5% to $69 a barrel and for WTI prices by 4.3% to $66, citing the risks of higher OPEC+ supply and the global trade war triggering a recession. The Wall Street brokerage also chopped its 2026 average price forecast for Brent by …
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March Madness Replace by Trump Madness: US Stocks Post Biggest Drop Since 2020, Dollar Falls as Trump Tariffs Fuel Recession Fears
Major U.S. stock indexes registered their biggest daily percentage drops since 2020 on Thursday and the dollar weakened as U.S. President Donald Trump’s drastic trade tariffs stoked fears of a global recession and led investors to seek safe-haven assets like bonds and the yen. S&P 500 companies lost a combined $2.4 trillion in stock market …
Venture Global says it Exported 29 Cargoes from Plaquemines LNG Plant in Q1
U.S. liquefied natural gas developer Venture Global exported 29 cargoes from its Plaquemines facility in Louisiana during the first quarter of 2025, the company said in a regulatory filing on Thursday. Venture Global realized an average fixed liquefaction fee of $7.26 per million British thermal units (mmBtu) from the Plaquemines plant, it said in the …
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Elliott Says Phillips 66 Share Price Could hit $200 if Changes are Made
Elliott Investment Management said on Thursday that Phillips 66’s stock price could nearly double to $200 if the oil refiner sells or spins off its midstream business and puts more focus on refining and enhances oversight.The activist investor, which owns a $2.5 billion stake in the company, also slimmed down to four the number of …
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Oklahoma E&P Canvas Energy Explores Midcon Sale, Sources Say
Canvas Energy, formerly Chaparral Energy, holds 223,000 net acres in the Anadarko Basin, where M&A has been gathering momentum.
‘Trump Effect’ Stalls Hydrogen FIDs, Already Killing Projects
Billions of dollars in capex have been dedicated to hydrogen projects. But some projects have yet to reach final investment decisions amid continued uncertainty surrounding the Inflation Reduction Act and hydrogen production tax credits.
RPC Acquires Pintail Completions to Expand Permian OFS Operations
RPC Inc. paid $245 million in cash and other considerations for the wireline service provider.