Buffett-backed Occidental Petroleum is preparing its largest-ever asset sale, aiming to sell its massive OxyChem division for an estimated $10 billion. This move is critical to help the company reduce its heavy debt burden.
LandBridge and NRG have partnered to explore building a huge 1,100 MW power plant and data center site in West Texas.
Puerto Rico signed a $4B, 7-year LNG deal with New Fortress Energy, boosting the firm's finances. The aim is to save money and protect Puerto Rico's energy supply. Federal approval is still needed for the contract.
California energy giants CRC and Berry are merging! This all-stock deal creates a stronger leader, cutting costs by $80-90M annually, boosting cash flow, and giving Berry shareholders a 15% premium. Expected to close Q1 2026.
The White House plans for large oil refineries to meet half or less of biofuel blending requirements waived for small facilities, stabilizing the biofuel credit market.
Ameresco, US Navy & CyrusOne will develop a 100 MW AI-optimized data center with dedicated energy infrastructure at NAS Lemoore, enhancing national AI leadership & energy resilience. It features secure, high-performance computing for gov't applications. First part online 2027.
