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Petronas Signs Non-Binding LNG Deal with Woodside Energy
June 19, 2025
Woodside Energy and PETRONAS have signed a non-binding heads of agreement (HOA) for the supply of 1 million tonnes per annum of LNG to Malaysia from 2028 for a period of 15 years. The LNG would be supplied from Woodside’s
Ormat Completes $88 Million Acquisition of Blue Mountain Geothermal Power Plant, Nevada
June 19, 2025
Ormat Technologies has closed its acquisition of the Blue Mountain geothermal power plant from Cyrq Energy. Under the agreement, Ormat paid $88 million for 100 percent of the equity interest in the 20MW power plant. “The acquisition of the Blue
Chevron Enters Domestic Lithium Sector to Support U.S. Energy Security
June 18, 2025
Chevron U.S.A. has acquired two leasehold acreage positions. The first from TerraVolta Resources, whose investor is an affiliate of The Energy & Minerals Group (EMG), and the second from East Texas Natural Resources. The estimated leasehold position includes ~125,000 net
Vermilion Energy to Exit U.S. Market with $88 Million Sale of Powder River Assets for $120 Million
June 17, 2025
Vermilion Energy has entered into a definitive agreement for the sale of its United States assets for cash proceeds of $120 million. The sssets consist of approximately 5,500 boe/d (81 percent oil and liquids) of production and approximately 10 mmboe
Haynes Boone Secures Texas Supreme Court Win for American Midstream, Reversing $6 Million Judgment
June 17, 2025
The Supreme Court of Texas ruled in favor of Haynes Boone client American Midstream, reversing a $6 million judgment and reinstating the company’s counterclaim as well as its claim for attorneys’ fees. Rainbow Energy Marketing Corp. sued American Midstream in
July 15: President Trump to Attend Inaugural Pennsylvania Energy and Innovation Summit
June 17, 2025
President Donald J. Trump will be attending Senator Dave McCormick’s (R-Pennsylvania) inaugural Pennsylvania Energy and Innovation Summit at Carnegie Mellon University in Pittsburgh, Pennsylvania, on July 15, 2025. The Summit will bring together the world’s top leaders in energy and
Baker Hughes, Cactus Create Joint Venture for Surface Pressure Control Services
June 17, 2025
Baker Hughes entered into an agreement to form a new joint venture with a subsidiary of Cactus, Inc., in which Baker Hughes will contribute its surface pressure control (SPC) product line. Cactus, a global manufacturer and service provider of pressure
LS Power Acquires ENGIE Services
June 16, 2025
LS Power has completed its acquisition of ENGIE Services U.S. As part of the purchase, ENGIE Services has rebranded to its previous name, OPTERRA Energy Services. OPTERRA has more than 50 years of operational experience and a deep track record,
Drillers Cut Oil, Gas Rigs for 7th Week to Lowest Since 2021
June 16, 2025
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a seventh week in a row to the lowest since November 2021, energy services firm Baker Hughes said in its closely followed report on
ONEOK Acquires Remaining Interest in Delaware Basin JV in $940 Million Deal
June 13, 2025
ONEOK said it has acquired the remaining 49.9 percent interest in Delaware G&P from NGP XI Midstream Holdings for $940 million, consisting of $530 million in cash and $410 million in ONEOK common stock. Delaware Basin JV owns natural gas
