Industry News
NRC Grants Construction Permit for Dow and X-energy’s Four-Unit Texas SMR Project
This article is brought to you by: Turner Industries, leaders in modular fabrication, SIPA, and turnkey nuclear solutions for smr companies The Nuclear Regulatory Commission has issued a construction permit for Dow’s proposed four-unit Xe-100 facility at Seadrift,...
NRG to Sell Six Natural Gas Generation Assets to LS Power for $4 Billion
NRG has agreed to sell six natural-gas generation assets totaling 4.9 GW across New York, New England and ERCOT to LS Power for $4 billion in cash, subject to closing adjustments and regulatory approvals. Published by Allstream Insiders Allstream Insiders Summary NRG...
CVR Energy Agrees to Buy 2 Marathon Refineries for $4.2B as Trafigura Commits $800M Equity
This article is brought to you by: Turner Industries, leaders in SIPA, Scaffolding, Insulation, Painting, & Abatement The proposed $4.2 billion transaction would transfer Marathon’s St. Paul Park and Mandan refineries, related marketing operations and specified...
Fermi Says Rick Perry Remains on Board as Project Matador Advances
Fermi says Rick Perry and Jeffrey Stein remain directors following the company’s annual meeting, while Project Matador continues through customer, financing and permitting milestones. Published by Allstream Insiders Allstream Insiders Summary Fermi Inc., operating as...
Chevron Q3 Update Highlights $7B Venezuela Plan, Bakken Restructuring and Destrehan Start-Up
Chevron's third-quarter update brings together a five-year Venezuela growth framework, a pending Bakken and DJ Basin midstream restructuring, a Destrehan renewable-feedstock start-up and early-stage exploration advances in Angola and Libya. Published by Allstream...
ExxonMobil Q3 Update Highlights Papua and Rovuma LNG Positions, Gulf Coast CCS and Operating Milestones
ExxonMobil's third-quarter update combines LNG portfolio changes in Papua New Guinea and Mozambique, an operating carbon-capture project in Louisiana, a Texas carbon-storage permit approval and production and refining milestones. Published by Allstream Insiders...
Brookfield and NextEra Selected for $100B Paducah AI and Energy Hub
Brookfield would develop and operate a Kentucky AI and high-performance-computing campus, while NextEra Energy Resources would develop dedicated energy infrastructure that could include up to 2 GW of natural-gas-fired generation and up to 2.6 GW of battery storage....
Alphabet’s AI Growth Becomes an Infrastructure Story as 2026 CapEx Holds at $195B–$205B
This article is brought to you by: Turner Industries, leaders in AI Data Center Infrastructure Construction Alphabet’s third-quarter results show rapid growth in AI-related Cloud demand while placing greater focus on the capital, power, data-center and equipment...
Valero to Acquire Former LYB Houston Refinery for $320.5 Million, Targets 165,000 BPD Restart
This article is brought to you by: Turner Industries, leaders in SIPA, Scaffolding, Insulation, Painting, & Abatement The proposed $320.5 million acquisition would give Valero control of an approximately 700-acre former refinery site beside its existing Houston...
NextDecade’s Bay Runner Pipeline Enters Service as Rio Grande LNG Nears First Gas
This article is brought to you by: US Rubber, leaders in industrial rubber lining for tanks, vessels and pipe The Bay Runner Pipeline entered service during the third quarter, while FERC authorized 30.15 million tonnes per annum across Rio Grande LNG’s first five...