Piping
Brookfield Infrastructure announces the acquisition of Colonial Enterprises for $9 B
Brookfield Infrastructure Partners L.P. and its institutional partners reached a definitive agreement to acquire 100% of Colonial Enterprises, which includes the Colonial Pipeline, for an enterprise value of approximately $9 B. Colonial is comprised of the largest refined products system in the U.S., spanning approximately 5,500 miles between Texas and New York.
Brookfield nears $9-B deal for Colonial Pipeline
Brookfield Asset Management is putting the final touches on a deal to acquire Colonial Pipeline, the largest U.S. fuel transportation system, for more than $9 B including debt.
Gulf Energy Information opens nominations for 2025 Excellence Awards
Gulf Energy Information is pleased to announce that nominations are now open for the 2025 Gulf Energy Information Excellence Awards, the premier international honors recognizing outstanding innovation, leadership, and achievement across the global energy sector.
Nippon Steel obtains new certifications for pipes/tubes used in the chemical industry
To meet its customers’ need to promote carbon neutrality, Nippon Steel Corporation has obtained five SuMPO EPD certifications based on the SuMPO Environmental Labeling Program by the Sustainable Management Promotion Organization, for its steel pipes and tubes used in the chemical industry and for boilers.
Sherwin-Williams expands global core product offering for customers worldwide
Sherwin-Williams Protective & Marine has unveiled new Global Core coatings that include an inorganic zinc primer, epoxy primer, epoxy intermediate coat and urethane topcoat. These versatile coatings can be used to create multi-layer coating systems for corrosion protection and aesthetics for a wide range of applications
South Dakota (U.S.) bans use of eminent domain for CO2 pipelines
South Dakota Governor Larry Rhoden signed a bill on Thursday banning the use of eminent domain, which allows private land to be taken for public use, for the construction of carbon dioxide (CO2) pipelines, potentially endangering a $9-B project proposed by Summit Carbon Solutions.
Crude shipments on Druzhba pipeline suspended after drone attack, Hungary says
Shipments of crude oil via the Druzhba pipeline have been suspended following a Ukrainian drone attack on a metering station.
Gasoline shippers clash with Colonial Pipeline on proposed changes to terms
At least four U.S. gasoline marketers are preparing legal and regulatory challenges to the Colonial Pipeline over proposed changes in fuel shipping terms which the companies say will hurt their margins and drive up fuel prices at the pump.
Canada's Enbridge earmarks $2 B until 2028 for Mainline network upgrade
Canadian midstream company Enbridge said on Tuesday that it plans to invest $2.5 B in its liquids and natural gas systems, with $2 B allocated to its Mainline network through 2028.
Trump says he wants Keystone XL oil pipeline to be built
Republican U.S. President Donald Trump said on Monday he wanted the Keystone XL Pipeline built and pledged easy regulatory approvals for the crude oil project, which was opposed for years by environmentalists before its permit was revoked by the Biden administration.
- India not to raise petrol, diesel retail prices despite tax hike 4/7
- China teapot oil refiners improve run rates but demand woes, sanctions weigh 4/7
- U.S. refiners' shares hit near 2-yr lows as Trump tariffs spur fuel demand fears 4/7
- Update: India's fuel demand hits 10-month high in March 4/7
- Oil and gas investor Afreximbank earmarks $3 B to support locally-refined products 4/7
- China's Wanhua Chemical starts operation at new east China cracker 4/4
