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Showing posts from December, 2025

Dominion Energy releases statement in response to U.S. Department of Interior action on Coastal Virginia Offshore Wind

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Dominion Energy releases statement in response to U.S. Department of Interior action on Coastal Virginia Offshore Wind 12/22/2025 Download this Press Release(opens in new window) RICHMOND, Va.--(BUSINESS WIRE)-- Dominion Energy released the following statement in response to the U.S. Department of Interior’s Director’s Order for a 90-day suspension of work issued earlier today for the Coastal Virginia Offshore Wind project: The Coastal Virginia Offshore Wind Project (CVOW) is essential for American national security and meeting Virginia’s dramatically growing energy needs, the fastest growth in America. This growth is driven by the need to provide reliable power to many of America’s most important war fighting installations, the world’s largest warship manufacturer, and the largest concentration of data centers on the planet as well as the leading edge of the AI revolution. Stopping CVOW for any length of time will threaten grid reliability for some of the nation’s most important war f...

Phillips 66 and Kinder Morgan, Inc. Announce Close of Initial Open Season and Launch of Subsequent Open Season for Capacity to Los Angeles, California Markets

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Phillips 66 and Kinder Morgan, Inc. Announce Close of Initial Open Season and Launch of Subsequent Open Season for Capacity to Los Angeles, California Markets December 22, 2025 HOUSTON--(BUSINESS WIRE)-- Phillips 66 (NYSE: PSX) and Kinder Morgan, Inc. (NYSE: KMI) today announced that Western Gateway has received significant interest, including shipper commitments, and has closed the initial open season for transportation service on the Western Gateway Pipeline (Western Gateway), a newly proposed refined products pipeline system. Based on shipper interest, Phillips 66 and Kinder Morgan will launch a new open season for remaining capacity on the Western Gateway system in January 2026, which will include an offering of new destination(s) west of Colton, California, via a joint tariff with an existing SFPP line that will be reversed between Watson and Colton, California. Through this joint tariff arrangement, Western Gateway shippers will be able to access Los Angeles markets. The Western ...

FincoEnergies welcomes new majority shareholder Glencore

FincoEnergies welcomes new majority shareholder Glencore Press release Rotterdam, 22 December 2025 – FincoEnergies, a Dutch based supplier of high-quality low carbon transportation fuels and carbon credit solutions has signed an agreement with Glencore for the acquisition of a majority shareholding in the FincoEnergies Group in a partnership with Coloured Finches, current majority shareholder. The transaction is subject to EU anti-trust approval and the completion of the transaction is expected during the course of the second quarter of 2026. Pontex Investment Partners will step down as shareholder on the completion date of the transaction. Pontex joined Coloured Finches as a minority shareholder in FincoEnergies in 2016 and contributed to the company’s growth in the last 10 years. With Glencore’s majority participation in combination with founder Coloured Finches, the platform of FincoEnergies is well positioned to further expand in renewable fuel markets, insetting credits and decarb...

Production Milestone at Beaumont New Ammonia

Production Milestone at Beaumont New Ammonia Dec 28, 2025 6:31 PM Eastern Standard Time HOUSTON--( BUSINESS WIRE )--The Beaumont New Ammonia (BNA) facility, located in southeast Texas, has produced first ammonia following the completion of systems testing, representing the first phase of operations commissioning of the facility. Commercial production of ammonia from BNA is expected to begin following handover to Woodside Energy (“Woodside”) from OCI Global (“OCI”) in early 2026. Production of lower-carbon ammonia is targeted to start in the second half of 2026. Demand for lower-carbon ammonia continues to develop globally, with strong interest from customers in Europe and Asia as they pursue energy security and decarbonisation objectives. Woodside has also finalised agreements with leading global customers to supply significant volumes of conventional ammonia from the BNA facility. Deliveries will commence in 2026 and continue through year-end, under contracts that reflect prevailing ...

Woodside and BOTAÅž Finalise Long-Term LNG Supply Agreement

Woodside and BOTAÅž Finalise Long-Term LNG Supply Agreement Dec 28, 2025 6:36 PM Eastern Standard Time HOUSTON--( BUSINESS WIRE )--Woodside and Türkiye’s Boru Hatları ile Petrol Taşıma A.Åž. (BOTAÅž) have signed a sale and purchase agreement (SPA) for the long-term supply of liquefied natural gas (LNG). Under the agreement, Woodside will supply BOTAÅž a total of approximately 5.8 billion cubic meters natural gas equivalent, or 0.5 million tonnes per annum of LNG, for a period of up to nine years starting in 2030. This milestone marks the successful conversion of the non-binding Heads of Agreement (HOA) signed in September this year into a binding commitment, reinforcing the shared ambition of both companies to deepen cooperation across the LNG value chain. Under the agreement, LNG will be supplied primarily from the under-construction Louisiana LNG project in the United States as well as from Woodside’s broader portfolio. Woodside Executive Vice President and Chief Commercial Officer Mark...

Fusion Fuel’s BrightHy Solutions Signs Agreements to Launch Up to €30 Million Targeted Hydrogen Investment Platform

Fusion Fuel’s BrightHy Solutions Signs Agreements to Launch Up to €30 Million Targeted Hydrogen Investment Platform : Deployment of up to €30 million of Partner-committed capital, to be released over time in three potential tranches of €10 million each. First project expected to be a green hydrogen production facility in Spain in 2026. Dublin, Ireland, Dec. 29, 2025 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (NASDAQ:HTOO) (“Fusion Fuel” or the “Company”), today announced that Bright Hydrogen Solutions Limited (“BrightHy Solutions”), a wholly-owned subsidiary of Fusion Fuel, has signed agreements with a green energy technologies provider (the “Partner”) establishing Bright Hydrogen Holding Company Limited (“Bright Hydrogen Holding”) as a dedicated platform for the development, financing and delivery of industrial-scale hydrogen projects, with up to €30 million in financing by the Partner. The signing of the agreements marks the commercial evolution from the previously announce...

MERCURIA ENERGY TRADING SECURES OFFTAKE AGREEMENT WITH PUCOBRE'S EL ESPINO PROJECT AND COMMITS FINANCING FACILITY

MERCURIA ENERGY TRADING SECURES OFFTAKE AGREEMENT WITH PUCOBRE'S EL ESPINO PROJECT AND COMMITS FINANCING FACILITY : GENEVA and SANTIAGO, Chile , Dec. 29, 2025 /PRNewswire/ -- Mercuria Energy Trading (Mercuria) today announced it has signed a landmark offtake agreement with El Espino SpA, a subsidiary of Sociedad Punta del Cobre S.A. (Pucobre), in connection with the El Espino copper-gold project in Chile. The agreement grants El Espino the right to sell up to 100% of copper and gold production during the first years of operations, scheduled to begin in 2027. As part of the deal, Mercuria has also committed a financial facility of up to US$375 million, intended to refinance the existing project finance facility, reinforcing the project's financial strength and supporting its long-term growth. "We are proud to support Pucobre and the El Espino project, which aligns perfectly with Mercuria's strategy to grow our metals business and deepen our footprint in Chil...

Mercuria Energy Group Secures Copper Concentrate Offtake Agreement with Geotechmin OOD and Enters Strategic Financing Partnership

Mercuria Energy Group Secures Copper Concentrate Offtake Agreement with Geotechmin OOD and Enters Strategic Financing Partnership : GENEVA , Dec. 30, 2025 /PRNewswire/ -- Mercuria Energy Trading (Mercuria) today announced it has signed a landmark offtake agreement with Geotechmin OOD  (Geotechmin) for 100% of its Ellatzite copper concentrate production in 2026, estimated to be 195,000 wet metric tons.  As part of the deal, both parties agreed to enter into a strategic financing partnership for a  US$250 million prepayment facility supporting Geotechmin's long-term growth plans. "We are delighted to enter into this strategic partnership with Geotechmin, which aligns with Mercuria's strategy to expand our metals business   in Europe and to contribute to sustainable resource development on the continent",  said  Kostas Bintas , Global Head of Metals and Minerals at Mercuria. Geotechmin   Deputy Manager  Ivan Vutov commented on ...

Amplify Energy Announces Closing of Oklahoma Divestiture

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Amplify Energy Announces Closing of Oklahoma Divestiture December 29, 2025 HOUSTON, Dec. 29, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) announced today that it closed the previously announced transaction to sell its interests in Oklahoma for a contract price of $92.5 million, subject to customary post-closing adjustments. With proceeds from its East Texas and Oklahoma divestitures, the Company has eliminated all debt outstanding under its current revolving credit facility, which is being amended for the pro-forma Company. The Company expects to close the amended credit facility by December 31st. Dan Furbee, Amplify’s Chief Executive Officer commented, “We are excited to have completed the closings of the East Texas and Oklahoma transactions in coordination with the Company’s previously announced strategic plan to simplify its portfolio. With an improved balance sheet, the Company intends to focus its resources on its highest up...

MATRIX RENEWABLES SIGNS FULL EPC AGREEMENT WITH TESLA FOR LANDMARK STANDALONE BATTERY ENERGY STORAGE PROJECT IN THE UK

MATRIX RENEWABLES SIGNS FULL EPC AGREEMENT WITH TESLA FOR LANDMARK STANDALONE BATTERY ENERGY STORAGE PROJECT IN THE UK News provided by  Matrix Renewables Dec 22, 2025, 08:00 ET LONDON, Dec. 22, 2025 /PRNewswire/ -- Matrix Renewables has signed a Full EPC (Engineering, Procurement, and Construction) agreement with Tesla for the design, construction, and commissioning of a 500 MW / 2-hour (1 GWh) standalone battery energy storage system (BESS) located in Eccles, Scotland. This will be the first standalone BESS project for the company in the UK, directly supporting the UK's Net Zero 2050 target and Clean Power 2035 ambition. "We are delivering infrastructure at the scale required to support the UK's transition to a clean, secure, and resilient power system," said Sergio Arbeláez, Managing Director, Europe & Latam at Matrix Renewables. "This installation demonstrates our ability to execute complex, utility-scale storage projects through strong partnerships and a...

LandGate Corp. Acquires Topos, Accelerating Consolidation of Energy and Infrastructure Development Data

LandGate Corp. Acquires Topos, Accelerating Consolidation of Energy and Infrastructure Development Data News provided by  LandGate Dec 18, 2025, 09:00 ET Topos Acquisition Solidifies LandGate's Position as the Definitive Vertical Authority for Data Center and Renewable Energy Site Assessment and Capital Deployment in the U.S. BOSTON, Dec. 18, 2025 /PRNewswire/ -- LandGate Corp. , the industry-leading data solutions provider for site selection, due diligence, and insights in the energy and infrastructure space, today announced it has acquired in an all-cash transaction, Topos, an AI-powered insights provider specializing in faster due diligence for battery storage, renewable energy and power projects. "The market requires speed and certainty. With the exponential rise in energy demand and the acute challenge of grid constraints in virtually every region, there is zero tolerance for speculative development. This strategic acquisition of Topos not only expands our data footprint ...

CB&I Announces Strategic Acquisition of Petrofac's Asset Solutions Business

CB&I Announces Strategic Acquisition of Petrofac's Asset Solutions Business News provided by  CB&I STS Delaware LLC Dec 24, 2025, 01:20 ET Transaction to diversify and grow business through integrated solutions, earnings growth, and geographic expansion THE WOODLANDS, Texas, Dec. 24, 2025 /PRNewswire/ -- CB&I today announced that it has entered into a sale agreement to acquire Petrofac's Asset Solutions business, a leading provider of operations, maintenance and decommissioning services for onshore and offshore energy assets. The acquisition strengthens CB&I's portfolio with a complementary reimbursable contracting model business, delivering predictable cash flow and enhancing service capabilities. It also supports CB&I's diversification into integrated services, expands customer relationships, and opens pathways for growth in international markets. "Asset Solutions' leadership demonstrates pride in operational excellence, commitment to cust...

Sandbrook Capital Announces Acquisition of United Utility Services from Bernhard Capital Partners

Sandbrook Capital Announces Acquisition of United Utility Services from Bernhard Capital Partners News provided by  Sandbrook Capital Dec 22, 2025, 08:00 ET United Utility addressing immediate and critical need for grid reliability and resiliency NEW ORLEANS, NEW YORK and BATON ROUGE, La., Dec. 22, 2025 /PRNewswire/ -- Sandbrook Capital ("Sandbrook"), in partnership with funds managed by Blackstone Credit & Insurance, announced that it has agreed to acquire United Utility Services, LLC ("United Utility" or "UUS") from Bernhard Capital Partners ("BCP"). United Utility is a leading provider of outsourced electric grid infrastructure services to investor-owned utilities, cooperatives and municipalities across the United States. The company delivers end-to-end solutions spanning engineering & design, testing, maintenance and construction across customers' distribution, transmission and substation networks. With utilities committing record...

Georgia PSC approves plan to deliver savings for electric customers, meet energy demands of a growing state

Georgia PSC approves plan to deliver savings for electric customers, meet energy demands of a growing state News provided by  Georgia Power Dec 19, 2025, 13:26 ET Plan will deliver estimated savings of approximately $102 per year for the typical residential customer; Growth continues to create thousands of new jobs and billions of dollars of positive economic impact expected across Georgia ATLANTA, Dec. 19, 2025 /PRNewswire/ -- Georgia Power announced today that the Georgia Public Service Commission (PSC) has approved a plan which will allow the company to proceed with procuring approximately 9,900 megawatts (MW) of diverse, cost-effective generation resources to serve the energy needs of a growing state. The plan follows a stipulated agreement the company recently reached with the Public Interest Advocacy (PIA) Staff, where Georgia Power agreed that it will file its next base rate case in 2028 in a manner that will ensure incremental revenue from large-load customers will provide...

BorderPlex Digital Assets Announces One of New Mexico's Largest Renewable Energy Projects: 1GW Project Green in Southern New Mexico

BorderPlex Digital Assets Announces One of New Mexico's Largest Renewable Energy Projects: 1GW Project Green in Southern New Mexico   Dec 23, 2025 1:26 PM Eastern Standard Time SANTA TERESA, N.M.--( BUSINESS WIRE )--BorderPlex Digital Assets (BorderPlex) today announced the launch of Project Green, a market process to source up to 500 MW of renewable energy generation capacity by 2028 and scaling to a total of 1 GW of renewable energy generation capacity by 2032 to support economic growth and development in southern New Mexico. Project Green would create one of the largest arrays of renewable energy generation infrastructure in the State of New Mexico. Project Green will evaluate solar and other renewable energy resources, including wind, geothermal, and hybrid configurations that can support long-term reliability and performance. BorderPlex expects to issue a Request for Information (RFI) by Jan. 16, 2026 to gather market input from qualified developers and partners, followed by a...

Glenfarne Completes Acquisition of Integrated Utility-Scale Solar and Battery Assets in Chile From METLEN

Glenfarne Completes Acquisition of Integrated Utility-Scale Solar and Battery Assets in Chile From METLEN Dec 23, 2025 4:47 PM Eastern Standard Time 909 MW Acquisition Increases Technology, Geographic, and Revenue Diversification of Glenfarne’s Energy Portfolio NEW YORK--( BUSINESS WIRE )--A subsidiary of Glenfarne Group , LLC (“Glenfarne”) today announced the completion of a previously announced acquisition of four energy projects in Chile with a combined 909 Megawatts (“MW”) of installed capacity comprised of 588 MW of solar and associated battery energy storage system (“BESS”) facilities with a capacity of 1.61 Gigawatt-hours (“GWh”) (321 MW equivalent). Glenfarne acquired the assets from METLEN Energy & Metals (“METLEN”). "With this acquisition, Glenfarne is increasing the technology diversity of our infrastructure by adding battery capacity and increasing geographic and revenue diversification."Share The projects are located in Chile’s northern provinces, which featu...