Thursday, 8 October 2026

Air Products will design, build and operate an air separation unit fed by liquefied natural gas in Malaysia, under a deal struck with a joint venture that Petronas Gas Berhad leads, Investing.com reported.

Daily output from the unit is set to top 600 tons of liquid oxygen, nitrogen and argon.

The site chosen is the Pengerang LNG regasification terminal in Johor.

Startup is slated for early 2027.

Scout Clean Energy has signed a virtual power purchase agreement with Oracle covering a majority of the output from its operational 300 MW Ranchero Wind Farm in Crockett County, Texas, according to enidnews.com.

The deal forms part of Oracle's investment in more than 1.7 GW of renewable energy projects in Texas, according to enidnews.com.

European and British wholesale natural gas prices edged higher as cooler forecasts for Northwestern Europe countered steady additions to continental storage, according to Investing.com.

The Dutch front-month contract, the regional benchmark, rose 1.5%, according to Investing.com. In Great Britain, the equivalent wholesale gas contract gained 0.5%.

Updated weather models predicting cooler temperatures across Northwestern Europe drove the slight gains, offsetting ongoing injections into continental storage reserves.

European Union gas storage caverns remained in their pre-winter accumulation phase, sitting at 73% capacity, according to Investing.com.

Crescent Energy has entered a definitive agreement to acquire Devon Energy's Eagle Ford assets for an estimated net purchase price of USD 3.85 billion, according to World Oil.

The deal adds approximately 68,000 boed of production to Crescent Energy's South Texas operations, World Oil reported.

Crescent Energy expects the acquisition to generate approximately USD 140 million in annual synergies through drilling and completions, lease operating expenses, and marketing efficiencies, according to World Oil.