This week’s energy headlines spotlight U.S. upstream exits, strategic growth plans, LNG infrastructure moves, record-setting midstream performance, and oilfield services momentum. Here are five stories that stood out:
Top Stories
- Baytex exits U.S. with $2.3B Eagle Ford sale
Baytex is selling its Eagle Ford assets for C$3.3 billion ($2.3 billion), marking a major strategic shift as it pivots toward its Canadian core areas. This move underscores the company’s focus on strengthening its position in domestic operations.
- Chevron unveils five-year strategy for cash flow growth
Chevron announced a five-year plan centered on disciplined capital spending, enhanced shareholder returns, and a balanced approach to traditional and lower-carbon energy. The strategy aims to deliver aggressive free cash flow growth while maintaining operational resilience.
- Harvest Midstream acquires Kenai LNG facility
Harvest Midstream completed its purchase of the Kenai LNG facility in Alaska from Marathon. This acquisition positions Harvest to capitalize on growing Pacific LNG demand and expand its footprint in global gas markets.
- Energy Transfer sets records and sanctions new projects
Energy Transfer reported record throughput and sanctioned new infrastructure projects, reinforcing its role as a leading U.S. midstream operator. The company also signed 1.15 Bcf/d in supply agreements with Entergy and Oracle, signaling strong natural gas demand.
- Baker Hughes adds Rio Grande LNG Train 5 to order book
Baker Hughes secured an order for Rio Grande LNG Train 5, highlighting continued momentum in LNG infrastructure development. This addition strengthens its portfolio and underscores the sector’s growth trajectory.
Also this week: Cenovus closes MEG Energy deal, Devon focuses on efficiency, ProFrac cuts $100 million, Transocean reports losses, Enlight secures $1.4 billion for solar-plus-storage, Plus Power lands $160 million for battery projects, Petronas wins Malaysia CCS permit, and Ørsted farms out 50% of Hornsea 3 to Apollo.
To learn more, reach out to businessdevelopment@enverus.com or visit www.enverus.com.
