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Vistra Secures FERC Approval for Acquisition of Seven Gas-Fired Plants
October 7, 2025
Vistra has received regulatory approval from the Federal Energy Regulatory Commission (FERC) for the acquisition of certain subsidiaries owning seven modern natural gas generation facilities from Lotus Infrastructure Partners. The transaction remains on track to close this quarter or Q1
DOE Slashes $7.5 Billion in Funding Awards for 223 Projects
October 7, 2025
The U.S. Department of Energy (DOE) has terminated 321 financial awards supporting 223 projects, resulting in a savings of approximately $7.56 billion dollars for American taxpayers. Following a thorough, individualized financial review, DOE determined that these projects did not adequately
Topaz Energy to Acquire Montney Royalties from Tourmaline Oil for $51 Million
October 6, 2025
Topaz Energy has entered into definitive agreements with Tourmaline Oil to acquire gross overriding royalty interests on approximately 134,000 gross acres, over 65 percent undeveloped, in its NEBC Montney core royalty area for total cash consideration of $51 million (CAD$71.7
Phillips 66 to Spend $100 Million in Cleanup as Its Prepares Los Angeles-area Refinery for Closure
October 6, 2025
Phillips 66 released an update on its progress toward idling operations at its Los Angeles Refinery in the company’s efforts to redevelop these real estate sites. The final waterborne crude was received on September 30, and the final crude processing
Plains All American Pipeline to Acquire Diamondback, Kinetik’s Stake in EPIC for $1.57 Billion
October 3, 2025
Plains All American Pipeline entered into a definitive agreement to acquire Diamondback Energy and Kinetik 55 percent non-operated interest in EPIC Crude Holdings valued at approximately $1.57 billion. The remaining 45 percent interest in EPIC Crude Holdings is owned by
Oxy Sells Chemicals Business to Berkshire Hathaway for $9.7 Billion
October 2, 2025
Berkshire Hathaway and Occidental have entered into a definitive agreement for Berkshire Hathaway to acquire Occidental’s chemical business, OxyChem, in an all-cash transaction for $9.7 billion, subject to customary purchase price adjustments. “This transaction strengthens our financial position and catalyzes
EIG’s MidOcean Energy to Acquire Interest in LNG Canada from PETRONAS
October 2, 2025
MidOcean Energy, formed and managed by EIG, has entered into definitive agreements to acquire a 20 percent interest in PETRONAS’ key entities in Canada. The transaction includes a 20 percent interest in the North Montney Upstream Joint Venture (NMJV), which
DOE Department Selects Four Companies for Advanced Nuclear Fuel Line Pilot Projects
October 2, 2025
The U.S. Department of Energy (DOE) made another step forward in the Trump administration’s efforts to strengthen domestic supply chains for nuclear fuel. DOE selected Oklo, Terrestrial Energy, TRISO-X, and Valar Atomics for its new pilot program to build advanced
Vistra to Build New Gas-Fueled Dispatchable Power Units in the Permian Basin
October 1, 2025
Vistra said it is moving forward with the next phase of its capital plan to support grid reliability in Texas. In 2024, the company identified more than $1 billion worth of potential capital additions in generation capacity within the Texas
Ares Management Acquires Meade Pipeline in $1.1 Billion Deal
September 30, 2025
Ares Management Corporation has acquired 100 percent of the equity interests in Meade Pipeline Co. from affiliates of XPLR Infrastructure. XPLR is a leading independent power producer formed by NextEra Energy. The investment represents a total cash consideration of approximately
