Brookfield to Buy Colonial Pipeline By Irina Slav - Apr 04, 2025, 2:06 AM CDT ...

The equity investment in the oil-pipeline firm will be around $500 million, Brookfield said. The agreement includes buying Shell’s 16.125% stake in the business.

Colonial Pipeline declined to provide a restart timeline. Gasoline futures rose 0.43 cents to settle at $2.1046 a gallon on Tuesday, bucking weakness in the broader oil complex.