Axip Asset Sale to Service Compression Approved by Court for $161 Million
A U.S. bankruptcy court has approved the $161 million sale of Axip Energy Services’ assets to Service Compression, advancing consolidation in the gas compression sector.
A U.S. bankruptcy court has approved the $161 million sale of Axip Energy Services’ assets to Service Compression, advancing consolidation in the gas compression sector.
Antin Infrastructure Partners has acquired Sapphire Gas Solutions, a U.S.-based provider of CNG and LNG infrastructure serving industrial and utility markets.
Plains All American expects to close its Canadian NGL business sale to Keyera in May, marking a step toward becoming a pure-play crude midstream company.
Summit Midstream has raised $42 million through an equity deal with Tailwater Capital, strengthening its balance sheet and funding growth projects.
Woodside has appointed Liz Westcott as CEO, elevating the acting chief to lead the company’s global portfolio, including key LNG and Australian operations.
CRC Evans plans to build a 90,000-sq-ft welding and coating facility in Burnley, England, aimed at supporting pipeline and energy infrastructure projects across global markets.
Hess Midstream has announced a $60 million share and unit repurchase, including equity purchases from Chevron and public shareholders, as part of its strategy to boost distributable cash flow and shareholder returns.
ITT has completed its $4.775 billion acquisition of SPX FLOW, expanding its engineered flow technologies portfolio serving industrial and energy markets. The deal boosts recurring aftermarket exposure and supports ITT’s long-term portfolio transformation strategy.
Brazos Midstream has expanded its credit facility to $1.1 billion to support continued natural gas gathering and processing growth in the Midland Basin.
Oxford Flow has entered the Japanese market through a new distribution partnership with VENN, focusing on pressure and liquid regulators for gas and water infrastructure projects.
Expand Energy plans to relocate its headquarters to Houston in mid-2026 and has named Chairman Michael Wichterich interim CEO as it pursues growth tied to global natural gas markets.
Pipeline monitoring firm PipeSense is expanding into South America through a new partnership in Chile and Peru, marking its first international deployment of leak detection technology.
Stonepeak has agreed to acquire Allgas, a Queensland-based gas distribution network serving about 120,000 customers, expanding its footprint in Australia’s regulated gas infrastructure market.
Woodside Energy’s search for a new CEO comes as the company advances its $17.5 billion Louisiana LNG project and navigates rising costs, project risk, and an emerging global LNG supply glut.
EQT has completed its full exit from Kodiak Gas Services, ending a seven-year investment that helped build one of North America’s largest contract compression platforms following the company’s 2023 IPO.
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