Acquisitions and mergers
Empire Petroleum announces closing of acquisition of oil and natural gas assets
Acquisition provides immediate accretive cash flow and increased scale with minimal incremental overhead.
US upstream M&A opens strong in 2022
Merger of equals contributes to US$14 billion in 1Q22 M&A before Russia-Ukraine war and associated oil and gas price volatility halts activity.
EN Engineering acquires TG Advisers, Inc.
EN announces the acquisition of TG Advisers, Inc., steam and gas turbine, generator, and utility plant consultants based in Delaware.
bp completes acquisition of BP Midstream Partners LP
bp and BPMP has announced that a bp US affiliate has completed the previously announced acquisition.
Pipeline Technique acquires Global Project Services
Pipeline Technique shares that it has acquired Global Project Services (GPS) from Global Energy Group (GEG).
OGE and TES combine to develop CO2 transport network
OGE plans to build a pipeline network to enable the transport and reuse of CO2 in a green circular closed-loop system to transport green hydrogen.
Whiptail Midstream acquires DJR Energy鈥檚 gathering systems in the San Juan Basin
Whiptail Midstream announced yesterday that the company has acquired the oil, gas, and water gathering assets of DJR Energy in the Gallup oil window of the San Juan Basin.
Baker Hughes acquires Qi2 Elements
Baker Hughes has announced the acquisition of Qi2 Elements, a designer and manufacturer of advanced robotic sensor systems.
Phillips 66 announces completion of Phillips 66 partners acquisition
Phillips 66 announced yesterday the completion of the previously announced merger between Phillips 66 Partners and Phillips 66.
Rolls-Royce Power Systems business unit has strong 2021 results despite pandemic
The underlying profit of £242 million significantly increased, moving towards the same level as in pre-pandemic 2019.