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XGS Energy and Meta to Partner on 150 MW Advanced Geothermal Project
KKR Acquires Leading Australian Independent Power Producer Zenith Energy
Commonwealth LNG’s 20-Year Sale & Purchase Agreement with PETRONAS
Chevron Enters Domestic Lithium Sector to Support U.S. Energy Security
XRG-led Consortium Submits Non-Binding Indicative Proposal to Acquire Santos
SS-2H ST1 Delivers Record Beetaloo Basin IP30 Flow Rate of 7.2 MMcf/d
The almost headlines
In case you missed
Meta taps next-gen geothermal to power AI growth in New Mexico.
Meta and XGS team up on a 150 MW geothermal project using zero water and solid-state tech.
Project will be delivered in two phases, operational by 2030, with major grid and job benefits.
Could 10x New Mexico's current geothermal generation; over 160 GW of untapped potential exists.
KKR backs Zenith’s hybrid power growth with Asia-Pacific Infrastructure Fund.
Zenith runs 710 MW of off-grid capacity; will retain a minority founder stake post-deal.
Acquisition to accelerate Zenith’s renewables and microgrid expansion.
Closing expected late 2025, pending approvals.
RWE builds 3.9 GW of renewables across 11 states, powering 100K+ homes and creating 5,000+ jobs.
Notable projects include Baron Winds II, WR Graceland solar, Ventasso storage, and Arlington Valley solar.
RWE is the third-largest renewables firm in the U.S., emphasizing local labor and domestic sourcing.
PETRONAS locks in 1 MTPA from Louisiana LNG terminal ahead of 2025 FID.
PETRONAS agrees to buy 1 MTPA of LNG from Commonwealth’s Cameron, Louisiana facility for 20 years.
The deal brings Commonwealth’s total contracted offtake to 4 MTPA ahead of an expected Q3 2025 FID.
First LNG deliveries are slated for 2029; Phase 1 development will total over $11B in capex.
The project is expected to generate $3.5B in annual exports and create 2,000 construction jobs at peak.
Chevron secures 125,000 acres in lithium-rich Smackover to power EV future.
First domestic lithium move includes DLE tech to cut emissions and boost efficiency.
Supports U.S. supply chain resilience and Chevron's low-carbon pivot.
Chevron New Energies targets vertically integrated lithium production for battery markets.
Acquires assets from EMG-backed TerraVolta
XRG, Carlyle, and ADQ bid for Santos in a potential multi-billion-dollar takeover.
Consortium offers USD 5.76/share for full acquisition; next step requires due diligence.
Plan includes keeping Santos HQ in Australia, boosting LNG supply, and investing in CCS and AI.
Tamboran’s latest Beetaloo well matches top-tier Marcellus shale performance.
The 7.2 MMcf/d 30-day rate matches Marcellus averages; gas flows steady with low decline.
Three new 10,000-foot laterals to be drilled in 2025; commercial production expected by mid-2026.
Total production from SS-2H already at 217 MMcf, with compression facility build underway.
Permian Resources Announces Closing of Bolt-On Acquisition of Core Delaware Basin Assets
Permian Resources expands Eddy & Lea County position via APA asset acquisition.
Greenergy Signs Agreement to Acquire French Fuel Distributor Armorine
Greenergy enters France with Armorine acquisition to expand EU fuels footprint.
NextDecade Finalizes EPC Contract Refresh for Train 4 and Executes EPC Contract for Train 5
Bechtel wins ~$9B in EPC work for Train 4 & 5 at NextDecade’s Rio Grande LNG.
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
