Oil & Gas News

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (together with its direct and indirect subsidiaries, “NFE” or the “Company”) is pleased to announce that it has successfully completed its restructuring and recapitalization transaction in relation to the consensual UK Restructuring Plan (the "UK RP") between its subsidiaries and certain of their creditors (the “Plan Creditors”). The UK RP was approved on June 18, 2026 and recognition of the UK RP was confirmed by the United Stat...

PARIS--(BUSINESS WIRE)--As part of the restructuring of Plastic Energy’s shareholding, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) agreed to acquire from the new shareholder Plastic Energy’s 35% interest in the Grandpuits advanced recycling plant, in which TotalEnergies already held a 65% interest. The plant is now wholly owned by TotalEnergies. The Grandpuits advanced plastics recycling plant, located in Seine-et-Marne, started production in March 2026 and has an annual capacity to process...

NORTH BETHESDA, Md.--(BUSINESS WIRE)--ESAB Corporation Board Declares Dividend...

HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Completes Acquisition of WildFire Energy...

NEW YORK--(BUSINESS WIRE)--Macquarie Asset Management, along with co-investors including UniSuper, has entered into an agreement to acquire a majority stake in SI Solutions (“SI”), a leading provider of structural integrity engineering, testing and software solutions to critical infrastructure owners and operators, from MidOcean Partners (“MidOcean”), a private equity fund. The transaction is expected to close in Fall 2026, subject to regulatory approvals and customary closing conditions. This...

BALTIMORE--(BUSINESS WIRE)--Constellation (Nasdaq: CEG) today announced an agreement to acquire 100% of RISEC Holdings, LLC (RISEC), owner of the Rhode Island State Energy Center, from Shell Energy North America, (US), L.P. (SENA) a subsidiary of Shell plc (Shell) for $715 million, subject to customary purchase price adjustments.Located in Johnston, R.I., the Rhode Island State Energy Center is a combined-cycle electric generation facility, fueled by natural gas. The facility has two combustion...

ATLANTA--(BUSINESS WIRE)--Pexco acquires Recto and Legacy Extrusions, expanding injection molding, tooling, assembly, and thermoplastic extrusion capabilities....

PARIS--(BUSINESS WIRE)--NOTICE IS HEREBY GIVEN that, pursuant to Condition 6.2 (Optional Redemption) of the terms and conditions of the Euro 1,500,000,000 Undated Non-Call 10 Year Deeply Subordinated Fixed Rate Resettable Notes (the “Notes”) issued on 6 October 2016 by TotalEnergies SE (formerly TOTAL SE and TOTAL S.A.) (Paris:TTE) (LSE:TTE) (NYSE:TTE), incorporated as a European Company (societas europaea) registered in the Republic of France, under RCS 542 051 180 Nanterre) (the “Issuer”) und...

WALL, N.J.--(BUSINESS WIRE)--The board of directors (the “Board”) of New Jersey Resources Corporation (NYSE: NJR) unanimously approved an increase in the quarterly dividend rate to $0.50 per share from $0.475 per share. The new quarterly rate will be effective with the dividend payable October 1, 2026, to shareowners of record on September 24, 2026. The new annual dividend rate will be $2.00 per share. NJR has paid quarterly dividends continuously since its inception in 1952, and has raised the...

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) today announced an update on the previously announced reverse stock split of the Company’s Class A common stock, par value $0.01 per share, at a ratio of 1-for-50 (the “Reverse Stock Split”). The Company expects trading of its Class A common stock to be halted prior to 8:00 p.m. Eastern Time on September 10, 2026. The Company’s Class A common stock is expected to begin trading on a split-adjusted basis on the Nasd...