Spruce Power Buys Solar Residential Portfolio in New Jersey

Spruce Power bought the 91-megawatt residential portfolio from New Jersey Resources’ Clean Energy Ventures in a $132.5 million deal.

Exclusive: Permian’s Relevance in US Oil Production Expected to Increase

Jefferies’ Pete Bowden, the global head of industrial, energy and infrastructure investing, discussed the trajectory of the Permian Basin’s production and the future of M&A in the increasingly consolidated region, in this Hart Energy Exclusive interview.

Japan’s Toyo to Buy Houston Area Solar Module Production Facility

Toyo says it plans to start production of 1 GW of annual module capacity by mid-2025 and reach 2.5 GW by the end of 2025.

Power Players: Riley Permian Natgas, Conduit Electrifying Permian

Riley Permian and Conduit Power are working together to use natural gas to power the Permian Basin and ERCOT.

DNOW Closes Cash Acquisition of Water Service Company Trojan Rentals

DNOW Inc.’s acquisition of Trojan Rentals LLC is its third purchase aimed at providing a holistic water management solution to the market, the company said.

Jefferies: With Permian Locked Up, E&Ps Hunt for New L48 Runway

With the core of the Permian Basin largely locked up, “intrepid operators” are hunting for runway in more nascent Lower 48 basins and in less developed Permian benches.

Valveworks Adds Choke Product Offerings with Lancaster Acquisition

Valveworks USA is acquiring Lancaster Flow Automation to add choke and flow-control automation technology to its product offerings.

TotalEnergies Pauses Business with Adani, Says it was Not Aware of US Investigation

French oil major TotalEnergies SE was not informed of a U.S. investigation into possible bribery and corruption at Adani Green Energy Ltd., it said on Nov. 25, adding it will stop financial contributions to its Adani Group investments following last week's indictment.

EQT, Blackstone Credit Enter $3.5 Billion Midstream Joint Venture

Blackstone Credit & Insurance entered a joint venture with EQT Corp. to take a non-controlling interest in the Mountain Valley Pipeline and other infrastructure from the Equitrans transactions for $3.5 billion.

ONEOK Announces $4.3B Deal to Acquire Remaining EnLink Stock

ONEOK’s deal to acquire the remaining stake in EnLink is expected to close in the first quarter of 2025.