Brookfield Leading Race to Acquire US$10 Billion Colonial Pipeline

Energy Topics & Technology, Latest, Mergers and Acquisitions, US News / By

Despite Donald Trump’s push to expand domestic energy infrastructure, building new oil and natural gas pipelines remains difficult Brookfield Asset Management Ltd. is emerging as the front-runner to acquire Colonial Pipeline Co., people familiar with the matter said. The investment firm is seen as the strongest contender after final offers were submitted last week, advancing …

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US Natgas Prices Jump 5% to One-Week High on Record LNG Flows, Daily Output Drop

Conventional Energy, Latest, LNG, Natural Gas, US News / By

(Reuters) – U.S. natural gas futures jumped about 5% to a one-week high on Wednesday on record flows to liquefied natural gas (LNG) export plants and a second drop in daily output. Front-month gas futures for April delivery on the New York Mercantile Exchange rose 19.5 cents, or 4.8%, to settle at $4.247 per million …

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Lufkin Industries Announces Sale of North America Downhole business to Q2 Artificial Lift Services

Latest, Press Releases / By

HOUSTON, March 19, 2025 (GLOBE NEWSWIRE) — Lufkin Industries (“Lufkin”), a global leader in surface production equipment and automation solutions, has announced the sale of its North America Downhole (“NAM Downhole”) business to Q2 Artificial Lift Services (“Q2”), a leading provider of downhole reciprocating pumps. This transaction aligns with Lufkin’s strategic focus on its core …

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US Crude Oil Imports Fell to Two-Year Low Last Week, EIA Data Shows

Conventional Energy, Latest, Oil, US News / By

(Reuters) – U.S. commercial crude oil imports fell last week by 85,000 barrels per day (bpd) to 5.4 million bpd, the lowest since March 2023, data from the U.S. Energy Information Administration showed on Wednesday. U.S. crude oil imports from top supplier Canada also fell last week to a two year low of 3.1 million …

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US Crude Stocks Rise More Than Expected But Gasoline and Distillate Inventories Fall – EIA

Conventional Energy, Energy Storage, Energy Topics & Technology, Gasoline, Latest, Oil, US News / By

(Reuters) – U.S. crude stocks rose more than expected even as gasoline and distillate inventories fell last week in a sign of sustained fuel demand, the Energy Information Administration said on Wednesday. Crude inventories rose by 1.7 million barrels to 437 million barrels in the week ended March 14, the EIA said, compared with analysts’ …

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