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Revolution Wind LLC to file Preliminary Injunction Against Lease Suspension Order

Revolution Wind LLC to file Preliminary Injunction Against Lease Suspension Order 01.01.2026 22:12 PROVIDENCE, R.I. – January 1, 2026 – Today, Revolution Wind LLC (“Revolution Wind”), a 50/50 joint venture between Global Infrastructure Partners’ Skyborn Renewables and Ørsted, filed a supplemental complaint in the U.S. District Court for the District of Columbia challenging the lease suspension order issued on December 22, 2025 by the U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM), to be followed by a motion for a preliminary injunction. While Revolution Wind continues to seek to work constructively with the Administration and other stakeholders towards an expeditious and durable resolution of this matter, it believes that the lease suspension order violates applicable law. As was the case with the August 2025 stop-work order, the Revolution Wind Project (“Project”) faces substantial harm from a continuation of the lease suspension order. As a result, litig...
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Ørsted completes divestment of 50 % stake in Hornsea 3

Ørsted completes divestment of 50 % stake in Hornsea 3 12.30.2025 05:00 Further to the announcement issued on 3 November 2025, Ørsted has today completed the divestment of a 50 % stake in the Hornsea 3 Offshore Wind Farm to Apollo-managed funds. For further information, please contact: Ørsted Global Media Relations Kathrine Ejlskov +45 99 55 10 23 katej@orsted.com Ørsted Investor Relations Valdemar Hoegh Andersen +45 99 55 56 71 Ir@orsted.com About Ørsted Ørsted is a global leader in developing, constructing, and operating offshore wind farms, with a core focus on Europe. Backed by more than 30 years of experience in offshore wind, Ørsted has 10.2 GW of installed offshore capacity and 8.1 GW under construction. Ørsted’s total installed renewable energy capacity spanning Europe, Asia Pacific, and North America exceeds 18 GW across a portfolio that also includes onshore wind, solar power, energy storage, bioenergy plants, and energy trading. Widely recognised as a global sustainability ...
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USD Partners to Liquidate

USD Partners to Liquidate Dec 31, 2025 4:17 PM Eastern Standard Time HOUSTON--( BUSINESS WIRE )--As previously announced, USD Partners LP (OTC: USDP) (the “Partnership”) sold its last remaining operating asset, ceased operations and announced its intention to cancel the equity of the Partnership following termination of its credit facility. The Partnership has taken affirmative steps to wind down and liquidate, and the Partnership has submitted a request to the Financial Industry Regulatory Authority (FINRA) to halt trading of the remaining Partnership equity. The Partnership expects these actions to be completed as early as January 1, 2026, although a firm date has not been determined. The Partnership’s unitholders will not receive any payments or distributions from the Partnership upon its wind down. Because the Partnership is not able to repay its remaining indebtedness in full, the Partnership may recognize cancellation of indebtedness income (“CODI”) for U.S. federal and state in...
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Amplify Energy Announces Closing of Amended Revolving Credit Facility

Amplify Energy Announces Closing of Amended Revolving Credit Facility : HOUSTON, Dec. 31, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) announced today that it closed the previously announced amended revolving credit facility. The amended senior secured reserve-based revolving credit facility, with Citizens Bank, N.A. as the administrative agent, amends the Company’s existing senior secured reserve-based revolving credit facility and extends the maturity to December 31, 2028. The initial borrowing base under the amended revolving credit facility is $25 million with elected commitments of $15 million. The borrowing base will be redetermined on a semi-annual basis with the next redetermination expected to occur in the second quarter of 2026. After closing the amendment on December 31, 2025, Amplify had no balance drawn on the revolving credit facility and cash on hand to fund its strategic objectives. About Amplify Energ...
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Baker Hughes, Cactus Announce Closing of Surface Pressure Control Joint Venture

Baker Hughes, Cactus Announce Closing of Surface Pressure Control Joint Venture : Transaction strengthens balance sheet and liquidity with $344.5 million of cash proceeds before customary closing adjustments HOUSTON and LONDON, Jan. 02, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR, “the Company”), an energy technology company, announced Friday the final closing of its  previously announced joint venture with a subsidiary of Cactus, Inc., in which Baker Hughes has contributed its surface pressure control (SPC) product line. Cactus, a global manufacturer and service provider of pressure control equipment for oil and gas drilling, completion and production, holds a 65% equity in the joint venture, with Baker Hughes retaining a 35% stake. The completion of this transaction represents an important milestone in Baker Hughes’ value-creation strategy, reinforcing the Company’s commitment to disciplined portfolio management, operational execution and capital eff...
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Occidental Completes Sale of OxyChem

Occidental Completes Sale of OxyChem : HOUSTON, Jan. 02, 2026 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) announced today it has completed the sale of its chemical business, OxyChem, to Berkshire Hathaway (NYSE: BRK.A, BRK.B) for $9.7 billion in cash, subject to customary purchase price adjustments. “This transaction accelerates our strategy to strengthen Occidental’s balance sheet and focus on our deep and diverse oil and gas portfolio which we have transformed over the last decade. We expect to operate our high-return oil and gas assets to deliver long-term value while driving innovation across our businesses,” said President and Chief Executive Officer Vicki Hollub. “We thank the OxyChem team for their decades of excellence and commitment to building a world-class enterprise, and we look forward to their continued success in the years ahead.” As previously disclosed, an Occidental subsidiary, Environmental Resource Holdings, LLC (ERH), has retained OxyChem’s legacy to...
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Octopus Energy Group to spin out Kraken at valuation of $8.65bn

Octopus Energy Group to spin out Kraken at valuation of $8.65bn $1bn Kraken investment round brings world-class investors, led by D1 Capital Partners, and joined by other notable investors such as Ontario Teachers’ Pension Plan, Fidelity International, and Durable Capital Partners Move paves way for Kraken’s formal independence and demerger from Octopus London – 29th December 2025 – Octopus Energy Group today announces the first standalone investment round into its world-leading technology company, Kraken. The funding round is led by D1 Capital Partners, a leading global investment firm, alongside other new investors such as Fidelity International, Durable Capital Partners and Ontario Teachers' Pension Plan Board, via its late stage growth business Teachers’ Venture Growth. Octopus Energy Group’s existing investors continue to back the Group, supporting both Octopus and Kraken as they enter their next phase of growth. This round sees new and existing investors acquiring c. $1bn of ...
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