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Showing posts from September, 2025

Iraq: TotalEnergies Launches the Construction of the Final Two Major Projects of the GGIP

Iraq: TotalEnergies Launches the Construction of the Final Two Major Projects of the GGIP Sep 15, 2025 3:08 AM Eastern Daylight Time Ratawi field’s full field development will increase production to 210,000 barrels per day (bpd) with no routine flaring. The Common Seawater Supply Project (CSSP) with a 5 Mbpd capacity will help preserve the country’s freshwater resources. Following the start of construction of the 300 Mcf/d gas treatment plant and the 1 GWac solar facility at the beginning of this year, all parts of the multi-energy GGIP project are now in their execution phase. Already 2,700 workers, out of which 2,000 Iraqis, are mobilized on the ground and around 7,000 Iraqi workers will be mobilized at the peak of the construction. BAGHDAD--( BUSINESS WIRE )--Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), and His Excellency Saad Sherida Al-Kaabi, Qatari Minister of State for Energy Affairs, President and Chief Executive Off...

Longroad Energy Achieves Financial Close of 1000 Mile Solar, a 400 MWdc Projec

Longroad Energy Achieves Financial Close of 1000 Mile Solar, a 400 MWdc Project News provided by  Longroad Energy Management, LLC Sep 15, 2025, 08:00 ET BOSTON, Sept. 15, 2025 /PRNewswire/ -- Longroad Energy , a U.S. based renewable energy developer, owner and operator, announced today the financial close and recent commencement of construction of 1000 Mile Solar, its 400 MWdc (300 MWac) solar project in Yoakum County, Texas. In late 2024 Longroad finalized a long-term offtake agreement with Meta in the form of an Environmental Attributes Purchase Agreement, which includes a financial settlement arrangement for the entire energy output of 1000 Mile. The project is expected to achieve commercial operations in 2026. Longroad Energy’s 1000 Mile Solar, a 400 MWdc project in Yoakum County, TX, has achieved financial close and is under construction. The output of 1000 Mile will be delivered into the SPP grid advancing Meta’s target to support its data center operations with 100% clean ...

Blackstone Announces Agreement to Acquire Hill Top Energy Center in Western Pennsylvania for Nearly $1 Billion

Blackstone Announces Agreement to Acquire Hill Top Energy Center in Western Pennsylvania for Nearly $1 Billion September 15, 2025 New York, NY – September 15, 2025 – Blackstone (NYSE: BX) announced today that private equity funds affiliated with Blackstone Energy Transition Partners (collectively, “Blackstone Energy Transition Partners”) have entered into a definitive agreement to acquire Hill Top Energy Center (“Hill Top”), a 620-megawatt natural gas power plant in Western Pennsylvania for nearly $1 billion, from Ardian, a global private investment firm. This transaction follows Blackstone’s recent July 2025 announcement that it would invest over $25 billion to support the build out of Pennsylvania’s digital and energy infrastructure supporting the AI revolution and help catalyze an additional $60 billion investment into the Commonwealth. Hill Top is one of the newest and most efficient combined cycle gas turbine plants in the country with among the best-in-class operating performanc...

Titus Low Carbon Ventures Secures Initial 673 MW Toward Multi-Gigawatt Thermal Program for Texas Data Center Sites

Titus Low Carbon Ventures Secures Initial 673 MW Toward Multi-Gigawatt Thermal Program for Texas Data Center Sites News provided by  Titus Low Carbon Ventures Sep 11, 2025, 17:30 ET FORT WORTH, Texas and ROXBURY TOWNSHIP, N.J., Sept. 11, 2025 /PRNewswire/ -- Titus Low Carbon Ventures ("Titus") and AB Energy USA, LLC ("AB Energy"), through its operating entity Gruppo AB, today announced a supply agreement (the "Agreement") for 673 megawatts of fast‑start, natural‑gas reciprocating engine generation to anchor the initial phase of Titus' Texas data center power park projects. The first 400 megawatts of generation will be commissioned by Q4 2027, meeting rapid power deployment objectives, with the balance of the order coming online by mid-2028. Titus' power‑park model co‑locates behind‑the‑meter thermal generation with utility‑scale solar, wind, battery storage and a high‑voltage grid interconnect—a configuration purpose‑built for AI and high-performan...

National Grid and Emerald AI Announce Strategic Partnership to Demonstrate AI Power Flexibility in the UK

National Grid and Emerald AI Announce Strategic Partnership to Demonstrate AI Power Flexibility in the UK News provided by  Emerald AI Sep 15, 2025, 01:00 ET National Grid and Emerald AI are partnering to show how AI data centres can support a smarter, more flexible grid. A UK-first live trial is planned for late 2025 on a grid connected data centre using Emerald AI's platform and cutting-edge NVIDIA GPUs to dynamically adjust energy consumption. Increased flexibility of data centre consumption can unlock capacity and accelerate connections to the electricity network. LONDON, Sept. 15, 2025 /PRNewswire/ -- National Grid and Emerald AI today announced a strategic partnership to demonstrate how AI data centres can work with the transmission network to adjust their energy use in real time, making better use of existing capacity to support the UK's growing digital needs. The partners will deliver a live demonstration in the United Kingdom showcasing Emerald Conductor, an AI-powered...

California Resources Corporation Announces All-Stock Combination with Berry Corporation

California Resources Corporation Announces All-Stock Combination with Berry Corporation September 15, 2025 Highly Accretive Transaction Across Key Financial Metrics Enhances CRC’s Portfolio Combination to Create a Stronger, More Efficient Leader in California Energy LONG BEACH, Calif. and DALLAS, Sept. 15, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) (“CRC”) and Berry Corporation (NASDAQ: BRY) (“Berry”) jointly announced today their entry into a definitive agreement to combine in an all-stock transaction valuing Berry at approximately $717 million, inclusive of Berry’s net debt1. Under the terms of the merger agreement, existing CRC shareholders are expected to own approximately 94% of the combined company upon closing. Supplemental slides have been posted to CRC’s website at crc.com and Berry’s website at bry.com. CRC and Berry are hosting a conference call and webcast at 9 a.m. ET (6 a.m. PT) on Monday, September 15, 2025. Conference call details can be found...

GreenLite Raises $49.5M Series B to Advance the Privatization of Construction Permitting with AI-Powered Solutions

GreenLite Raises $49.5M Series B to Advance the Privatization of Construction Permitting with AI-Powered Solutions News provided by  GreenLite Sep 15, 2025, 09:00 ET Walgreens, O'Reilly Auto Parts, and TD Bank are among the Fortune 500 companies using GreenLite's AI-driven Private Plan Review for permitting efficiency NEW YORK, Sept. 15, 2025 /PRNewswire/ -- GreenLite , the construction technology company accelerating permit timelines by 75% through AI-powered plan review and compliance solutions, today announced a Series B funding round of $49.5M, led by global software investor Insight Partners with participation from Energize Capital, as well as existing investors Craft Ventures, LiveOak Ventures, and Chicago Ventures. GreenLite will utilize the new capital to expand its go-to-market efforts and enter new verticals, including lodging, industrial and logistics, clean energy infrastructure, and residential development, while further advancing its AI-powered technology platform...

Rice Acquisition Corporation 3 SPAC Files for Initial Public Offering, Backed by Rice Investment Group and Mercuria

Rice Acquisition Corporation 3 SPAC Files for Initial Public Offering, Backed by Rice Investment Group and Mercuria News provided by  Rice Investment Group Aug 29, 2025, 16:21 ET CARNEGIE, Pa. and GENEVA, Aug. 29, 2025 /PRNewswire/ -- Rice Investment Group, a multi-strategy investment fund focused on a diverse array of energy-related investments, and Mercuria, one of the world's leading independent energy, metals and commodity trading firms, announce that Rice Acquisition Corporation 3 ("RAC III"), a special purpose acquisition company ("SPAC"), has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") for a proposed initial public offering of units. RAC III intends to apply to have its units listed on the New York Stock Exchange (the "NYSE") under the symbol "KRSP.U." RAC III intends to focus its search for a target business in the areas of upstream oil and gas, power gener...

NextDecade Announces Positive Final Investment Decision and Financial Close on Train 4 at Rio Grande LNG

NextDecade Announces Positive Final Investment Decision and Financial Close on Train 4 at Rio Grande LNG Sep 9, 2025 4:30 PM Eastern Daylight Time Positive final investment decision achieved and full notice to proceed issued to Bechtel for Train 4 on September 9, 2025 Train 4 fully funded with no impact to NextDecade common shares outstanding HOUSTON--( BUSINESS WIRE )--NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) announced today that it has made a positive final investment decision (FID) on Train 4 at Rio Grande LNG, closed financial transactions to fully fund Train 4 and related infrastructure, and issued full notice to proceed to Bechtel Energy Inc. (Bechtel) for Train 4. Additionally, the Company continues to progress Train 5 at Rio Grande LNG toward an expected FID in the fourth quarter of 2025. “We are pleased to announce today that we have made a positive FID on Train 4 and issued full notice to proceed to Bechtel,” said Matt Schatzman, NextDecade’s Chairman...

Mast Completes Innovative Post-fire Carbon Removal Project with Biomass Burial (BiCRS) in Montana

Mast Completes Innovative Post-fire Carbon Removal Project with Biomass Burial (BiCRS) in Montana Sep 09, 2025 Burial of 10 million pounds of fire-killed trees completes largest single biomass storage project to reach VCM within year of launch, generating thousands of Puro.earth v2025 credits by Q1 2026. Seattle, September 9, 2025 – Mast Reforestation , North America’s leading post-wildfire reforestation company, today announced the completion of biomass burial at its Mast Wood Preserve MT1 project in south central Montana. Just four months after breaking ground, Mast has successfully filled, capped, and begun continuous monitoring for unanticipated greenhouse gas emissions as part of the MRV (monitoring, reporting, and third party verification) process. This is the first project to combine engineered carbon removal through burned biomass burial with post-wildfire reforestation. With MT1's expected issuance volume, robust MRV, and BeZero Carbon rating of 'A'pre, Mast has es...

Cenovus Energy to sell interest in WRB Refining to Phillips 66

Cenovus Energy to sell interest in WRB Refining to Phillips 66 CALGARY, Alberta, Sept. 09, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced it has reached an agreement for the sale, indirectly through wholly-owned subsidiaries, of its 50% interest in WRB Refining LP (WRB) to its joint venture partner Phillips 66. The consideration will consist of US$1.4 billion in cash, or approximately C$1.9 billion, subject to customary closing adjustments. “This transaction aligns with our strategy of owning and operating the assets that are core to our business. After the sale of WRB, our downstream business will be more focused, comprised of assets we control, which provide physical integration and egress for our leading upstream heavy oil business,” said Jon McKenzie, Cenovus President & Chief Executive Officer. “The proceeds from this transaction will allow us to accelerate shareholder returns over the near term.” The WRB joint venture includes the Wood Riv...