Energy Transition in Motion (Week of June 13, 2025)
Here is a look at some of this week’s renewable energy news, including an agreement between RWE and tech giant Amazon.
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LS Power Acquires Engie Services, Rebrands It Opterra
Opterra joins LS Power’s existing portfolio of energy infrastructure companies providing energy efficiency and grid reliability services.
On the Market This Week (June 9, 2025)
Here is a roundup of marketed oil and gas leaseholds in the Permian and Anadarko basin and Woodford and Tuscaloosa Marine shales.
Energy Executives Plan EQV Group’s Second Blank-Check IPO
The $350 million of funds raised will go into escrow alongside the $350 million raised from EQV Group’s first SPAC IPO as the 10-month-old prospective M&A buyer has not yet done a deal.
Drillers Cut Oil, Gas Rigs for 7th Week to Lowest Since 2021, Baker Hughes Says
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a seventh week in a row to the lowest since November 2021.
DNV: Turning Point Arrives for CCS
The Northern Lights joint venture and Occidental’s 1PointFive are among the companies moving CCS projects forward.
Oil Prices Jump Nearly 9% after Israel’s Strikes on Iran
Following Israeli attacks on Iran, analysts said the primary concern was possible affects on the Strait of Hormuz, through which about up to 19 MMbbl/d of oil, condensate and fuel are transported.
NRG Expects to Line Up New US Data Center Deals This Quarter
Bloomberg NRG Energy Inc. is working on deals to power US data centers “all over the country” and will reveal details with second-quarter results, according to the top executive of the independent generator. These are huge, complicated deals and it’s sensitive to figure out when to announce them, Chief Executive Officer Larry Coben said on Bloomberg TV. Data …
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US Energy Secretary Says Oil Output Drop in 2026 ‘Unlikely’
By Kevin Crowley and Kailey Leinz US Energy Secretary Chris Wright Photographer: Pete Kiehart/Bloomberg US Energy Secretary Chris Wright said it’s “unlikely” the country’s oil production will drop next year, contrary to the expectations released this week by a government agency. Much will depend on oil prices and whether producers will follow through on pledges …
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How Sparsely Populated Norway Amassed $1.8 Trillion
By Heidi Taksdal Skjeseth An offshore oil drilling platform in Norway. Photographer: Carina Johansen/Bloomberg Of all the world’s sovereign wealth funds, Norway’s is one of the most unusual. These giant, state-linked investment vehicles tend to pick and choose what assets they hold to manage risk, maximize returns and further national strategic interests. Not so with …
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