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Vistra to Acquire Remaining Stake in Subsidiary Vistra Vision for $3.2 Billion
October 18, 2024
Vistra Corp. has executed definitive agreements with affiliates of Nuveen Asset Management and Avenue Capital Management to acquire their combined 15 percent equity interest in Vistra Vision. Vistra will acquire the 15 percent equity interest collectively owned by Nuveen and
Flowserve Closes $305 Million Acquisition of MOGAS Industries
October 17, 2024
Flowserve Corporation has completed the acquisition of MOGAS Industries. This transaction helps strengthen Flowserve’s presence in mission-critical severe service valves and associated aftermarket services. “We welcome the MOGAS team to Flowserve and look forward to leveraging our industry-leading scale to
ONEOK Closes $3.3 Billion Acquisition of EnLink Midstream
October 17, 2024
ONEOK, has successfully completed its acquisition of Global Infrastructure Partners’ (GIP) entire interest in EnLink Midstream for a total cash consideration of approximately $3.3 billion. The acquisition consists of 43 percent of EnLink’s outstanding common units for $14.90 per unit
Babcock & Wilcox Sell Its Italian and Swedish Businesses for $40 Million
October 16, 2024
Babcock & Wilcox Enterprises has reached an agreement to sell its Italy-based SPIG group of companies and Sweden-based Babcock & Wilcox Vølund AB to funds managed by AUCTUS Capital Partners for approximately $40 million, subject to customary adjustments and expenses.
ExxonMobil Secures 271,000 Acres for Largest CO2 Offshore Storage Site, Texas
October 16, 2024
ExxonMobil has executed the largest offshore carbon dioxide (CO₂) storage lease in the U.S. with the Texas General Land Office (GLO). The more than 271,000-acre site complements the onshore CO₂ storage portfolio ExxonMobil is developing, and further solidifies the U.S.
Nabors Industries to Acquire Parker Wellbore for $370 Million
October 15, 2024
Nabors Industries Ltd. and Parker Wellbore have entered into a definitive agreement where Nabors will acquire all of Parker’s issued and outstanding common shares in exchange for 4.8 million shares of Nabors common stock, subject to a share price collar.
Pemex’s Deer Park Oil Refinery Scales Back Operations After Fatal Accident, Texas
October 15, 2024
Pemex’s Deer Park oil refinery near Houston will operate this weekend at a low level following a deadly chemical leak a couple days ago, Mexico’s national oil company said in a statement late on Friday. The state-owned oil company said
Permits Put on Hold for Kinder Morgan’s Pipeline to Fuel New Tennessee Gas Power Plant
October 15, 2024
A federal appeals panel has temporarily halted two permits needed to begin construction on a pipeline project in Tennessee that will supply a natural gas plant. In a split 2-1 decision, the 6th U.S. Circuit Court of Appeals panel delivered
Baker Hughes, Repsol to Develop Next Generation Digital Capabilities Through Leucipa™
October 15, 2024
Baker Hughes and Repsol entered into a new agreement to collaboratively develop and deploy next-generation artificial intelligence capabilities through the Leucipa™ automated field production solution. Through this strategic collaboration, AI-powered automation workflows will be developed and implemented throughout Repsol’s assets
Mining Connection Offices Will Be Closed Due to Hurricane Milton
October 8, 2024
Today, Tuesday October 8, we have mandatory evacuation orders. We will be prepping our offices this morning and leaving in the afternoon. Daily news posts will be scattered this week and back full time on Monday, October 14. We’ll be
