Xylem Inc., a global water technology company, has entered into an agreement to acquire the Cornell Pump and Roper Pump businesses from Indicor for $1.46 billion. The acquisition will expand Xylem’s ability to serve a broader range of mission-critical industrial applications while supporting its strategy of increasing exposure to high-growth sectors benefiting from infrastructure investment, industrial modernisation and rising resource demands. Xylem President and CEO Matthew Pine said the long-term demand drivers supporting the company’s business continue to strengthen, creating new opportunities across industrial markets where water is increasingly critical to operational success. He added that the acquisition will expand Xylem’s presenc…

Mora Energy has completed two acquisitions in the Midland Basin while significantly expanding its available capital through increased equity commitments from its financial sponsor and the closing of a new revolving credit facility. Acquisitions Mora recently completed the acquisition of Tejon Treating and Carbon Solutions LLC from funds managed by Bayswater Exploration & Production, LLC. Tejon operates a natural gas gathering, compression and sour gas treating business in the northeast Midland Basin. The company also completed the acquisition of West Texas Midstream Gas Services, LLC, commonly known as the “Quail” system, from Williams Companies, Inc. Quail comprises natural gas gathering and compression infrastructure in the northwest…

TEPSA Netherlands has reached a significant milestone in its Sustainable Aviation Fuel (SAF) operations with the successful loading of its first rail tank cars at its Netherlands facility. A total of 40 rail tank cars were loaded with SAF, marking an important step in the development of a more sustainable aviation fuel supply chain and expanding the company’s capabilities for SAF handling and distribution. The milestone was achieved through collaboration between TEPSA Netherlands, its business partners and the teams involved in the operation. The company said the successful loading reflects the expertise and commitment of everyone involved in bringing the project forward. The operation was carried out in accordance with the EI/JIG 1530 gui…

Phillips 66, Kinder Morgan and HF Sinclair have finalised a joint venture agreement and taken a final investment decision (FID) to proceed with the proposed Western Gateway Pipeline system, a 1,300-mile refined products pipeline designed to establish a new fuel supply route across the western United States. Under the joint venture agreement, Phillips 66 will hold a 49.9 percent interest in Western Gateway, while Kinder Morgan will own 35.1 percent and HF Sinclair will hold the remaining 15 percent. The project is designed to connect refined products from St. Louis, Missouri, and expanded Gulf Coast supply points with markets in Arizona and California. It will have an initial design capacity of approximately 230,000 barrels per day (bpd), w…

California Resources Corporation has entered into an agreement to acquire Crimson Midstream Holdings, LLC (Crimson) from CorEnergy Infrastructure Trust, Inc. for total cash consideration of approximately $63 million, subject to customary adjustments. The proposed transaction is expected to further strengthen CRC’s position as an integrated energy infrastructure platform focused on California, while expanding its midstream capabilities and access to key markets across the state. According to CRC, the acquisition will provide greater flexibility in transporting California-produced crude oil to high-value markets, while improving flow assurance and connectivity across its existing infrastructure portfolio. Acquisition Covers Approximately 2,0…