United Energy LNG and Power LNG Announce Merger to Form Small-Scale LNG Platform

LNG Energy Group Corp. and Fifth Ocean Management LP to Form a 50/50 JV to Invest up to US$200M in Venezuelan Oil and Gas

May 26, 2026

Oil & Gas

LNG Energy Group Corp. entered into a binding exclusivity agreement and letter of intent to establish a 50/50 joint venture with Fifth Ocean Management LP, in partnership with Westlawn Group, to explore and develop oil and gas blocks in Venezuela. The proposed JV company would be organized in the United States, with LNG contributing existing Venezuela oil and gas assets and Fifth Ocean funding an investment program of up to US$200 million, subject to due diligence and definitive agreements.

United Energy Corporation Acquires Alkane Modus Vis Inc and Assets from Alkane Midstream in $31 Million Transaction

April 30, 2026

Energy

United Energy Corporation announced it will acquire Alkane Modus Vis Inc and subsequently purchase assets from Alkane Midstream in a transaction valued at approximately $31 million. The deal adds a fully operational 100,000-gallons-per-day LNG production facility and related LNG infrastructure, logistics equipment, and operating contracts in Seminole, Texas, expanding United’s Energy Fulfillment platform for industrial, oilfield, and data infrastructure customers across North America.

Pelican Energy Partners Acquires United Services Group

March 10, 2025

Energy

Houston-based private equity firm Pelican Energy Partners has acquired United Services Group, a Charlotte-based full-service welding, machining, and fabrication contractor serving utilities and power generators. The deal expands Pelican's portfolio in the energy services sector and will support USG's continued growth across nuclear, fossil, natural gas, solar, and petrochemical markets.

Pennybacker Acquires Miami LNG Business from New Fortress Energy

November 21, 2024

Energy

Pennybacker Capital Management has completed the acquisition of the Miami LNG business from New Fortress Energy. The small-scale liquefaction and distribution operation (producing ~8,300 MMBtu/day) will be led by newly appointed President & CCO Daniel McLaughlin and will focus on serving customers across Florida and the Caribbean.

Global Partners LP Acquires 25 Liquid Energy Terminals from Motiva Enterprises

December 21, 2023

Oil & Gas

Global Partners LP completed the acquisition of 25 liquid energy terminals from Motiva Enterprises LLC for $305.8 million in cash, supported by a 25-year take-or-pay throughput agreement with Motiva. The purchase nearly doubles Global's U.S. terminal footprint, expanding access to marine loading facilities and major refined-product pipelines to strengthen its supply, storage and retail network.

United Energy Corporation Acquires Integrity Terminals, LLC

August 5, 2022

Energy

United Energy Corporation (UNRG) acquired 100% of Integrity Terminals, LLC, expanding its midstream footprint and moving from a prior 12% minority stake to full ownership. The acquisition includes an option to purchase 686 acres in Iberville Parish, Louisiana, for a planned Gulf Coast bulk storage and import/export terminal; UNRG has engaged EXCEL Midstream Solutions for design, permitting and engineering work.