Industry News

USD Partners to Liquidate Dec 31, 2025 4:17 PM Eastern Standard Time HOUSTON–(BUSINESS WIRE)–As previously announced, USD Partners LP (OTC: USDP) (the “Partnership”) sold its last remaining operating asset, ceased operations and announced its intention to cancel the equity of the Partnership following termination of its credit facility. The Partnership has taken affirmative steps to […]

Amplify Energy Announces Closing of Amended Revolving Credit Facility: HOUSTON, Dec. 31, 2025 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) announced today that it closed the previously announced amended revolving credit facility. The amended senior secured reserve-based revolving credit facility, with Citizens Bank, N.A. as the administrative agent, […]

Baker Hughes, Cactus Announce Closing of Surface Pressure Control Joint Venture: Transaction strengthens balance sheet and liquidity with $344.5 million of cash proceeds before customary closing adjustments HOUSTON and LONDON, Jan. 02, 2026 (GLOBE NEWSWIRE) — Baker Hughes (NASDAQ: BKR, “the Company”), an energy technology company, announced Friday the final closing of its previously announced joint […]

Occidental Completes Sale of OxyChem: HOUSTON, Jan. 02, 2026 (GLOBE NEWSWIRE) — Occidental (NYSE: OXY) announced today it has completed the sale of its chemical business, OxyChem, to Berkshire Hathaway (NYSE: BRK.A, BRK.B) for $9.7 billion in cash, subject to customary purchase price adjustments. “This transaction accelerates our strategy to strengthen Occidental’s balance sheet and […]

Octopus Energy Group to spin out Kraken at valuation of $8.65bn$1bn Kraken investment round brings world-class investors, led by D1 Capital Partners, and joined by other notable investors such as Ontario Teachers’ Pension Plan, Fidelity International, and Durable Capital Partners Move paves way for Kraken’s formal independence and demerger from Octopus London – 29th December […]

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 […]

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 […]

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 […]

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 […]

Woodside and BOTAŞ 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.Ş. (BOTAŞ) have signed a sale and purchase agreement (SPA) for the long-term supply of liquefied natural gas (LNG). Under the agreement, Woodside will supply BOTAŞ a total of approximately […]