Westinghouse, ITER to Assemble Nuclear Fusion Reactor for $180MM

Westinghouse will be responsible for completing the vacuum vessel at the ITER nuclear fusion facility in France.

What's Affecting Oil Prices This Week? (June 30, 2025)

Oil prices are getting some support from the favorable refining environment, with refining margins widening and inventories of refined products declining.

EQT Agrees to Settle Lawsuit for $167.5MM

U.S. energy company EQT agreed to pay $167.5 million to settle a class action lawsuit filed by investors who claimed EQT overstated the benefits of its $6.7 billion merger with Rice Energy in 2017

Banks’ Oil, Gas Price Decks Steady Despite Global Uncertainty

Haynes Boone’s annual spring survey of energy lender price decks shows some near-term movement, before settling at fall 2024 survey prices with oil in the mid-$50s through 2034.

Rick Perry’s Fermi to Build Giant AI Nuclear, NatGas, Solar Center

Former U.S. Energy Secretary and Governor of Texas Rick Perry’s Fermi America announced a massive power and AI data campus integrating nuclear, natural gas, solar and energy storage capabilities.

Exxon Mobil: $55 Brent is Fine; Open to M&A, Including Permian

Jack Williams, senior vice president at Exxon Mobil, said the energy major is in “fighting weight” to weather the downturn as it looks for more opportunities to add value.

Australian Regulators Approve SLB’s $7.76B ChampionX Acquisition

SLB’s $7.76 billion all-stock deal to buy ChampionX previously won approval in the U.S., but the transaction remains under review by U.K. and Norwegian authorities.

Why Shell’s Hands are Tied by UK Law After Denying BP Merger

A mega-merger between supermajors Shell and BP faces a major hurdle: the rigidity of U.K. takeover law. Despite a mandated denial, Shell still has levers to pull if it aims to acquire BP.

Is It Time for a Hydrogen Rebrand in the US?

The hydrogen production 45V tax credit might be on its death bed, but industry hope remains as thoughts turn to next steps to grow the sector under the Trump administration.

Coastal Bend Plans 22.5-mtpa LNG Export Facility on Gulf Coast

Coastal Bend LNG is planning to build a 22.5-million tonnes per annum (mtpa) natural gas liquefaction and export facility along the Texas Gulf Coast.