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Fire Extinguished at ONEOK’s Mont Belvieu Fractionation Facility, Texas
October 9, 2025
A fire occurred in the heating system of ONEOK’s MB-4 fractionator, which is one of the facilities located at ONEOK’s Mont Belvieu, Texas, fractionation complex. Fractionation operations at the complex were promptly shut down, and the fire, which was limited
Canada Pension Plan Invests $1 Billion in ArcLight’s AlphaGen
October 8, 2025
ArcLight said the Canada Pension Plan Investment Board (CPP) has entered into a definitive agreement to invest $1 billion for a strategic minority position in AlphaGen. AlphaGen is one of the largest independent power portfolios in the U.S., with more
EnerMech Secures Subsea Contract for East Browse Basin Gas Development, Offshore Australia
October 8, 2025
EnerMech has been awarded a significant contract to deliver pre-commissioning and specialist services for a major offshore gas development located in the East Browse Basin, off the northwest coast of Australia. The full scope of work, which will be carried
Trump Approves Appeal for Ambler Road Project, Reverses Biden Administration’s Rejection, Alaska
October 7, 2025
President Donald Trump on Monday signed an order that overturns a decision by the Biden administration to cancel a 211-mile mining road through Alaska’s Brooks Range by denying a right-of-way permit. The action removes a major hurdle for the project,
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
