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Family offices are stepping up with capital to fill in a large—but narrowing—investment gap between private equity’s pre-COVID days and now, said Stephens Managing Director Brad Nelson at Hart Energy’s Energy Capital Conference. 

Under terms outlined in a letter of intent, the joint venture contemplates acquiring land and a 250-megawatt power purchase agreement for behind-the-meter electricity.

The net change in the U.S. horizontal rig count is seven rigs—1% —fewer than at year-end 2024, a Hart Energy analysis shows. Instead, the sub-$70 oil price has displaced rigs targeting non-shale targets.

UGI International completed the sale of UniverGas, its LPG distribution business in Italy, to Italian energy companies Goldengas, SCG Gas and Beyfin.

The 25,000-sq-m battery energy storage system manufacturing and R&D facility is the largest facility of its kind in Europe.

The renewed license, approved June 30, extends operations through 2062, Dominion Energy says.

ConocoPhillips has appointed Kathleen McGinty to serve as the 13th member of its board of directors.