A big announcement
The almost headlines
In case you missed
1.1 Mt/yr Texas plant set to become a key conventional and low-carbon NH₃ export hub.
OCI–Woodside facility in SE Texas has begun commissioning; commercial conventional ammonia exports start early 2026, with lower-carbon volumes targeted for 2H 2026.
At full run, BNA could nearly double U.S. ammonia exports, serving growing demand from Europe and Asia for energy security and decarbonization.
ARA-region low-carbon fuels and insetting specialist gets a global trading powerhouse behind it.
Deal (closing 2Q 2026, pending EU approval) sees Glencore take control alongside founder Coloured Finches, while Pontex exits after nine years.
FincoEnergies’ biofuels and decarbonization business in the Amsterdam–Rotterdam–Antwerp hub gains capital and global reach to scale renewable fuels and insetting credits across transport sectors.
Midcontinent-to-LA corridor advances, linking Borger and Midwest refineries to AZ/CA/NV.
Strong shipper interest closed the initial open season; a second open season in Jan 2026 will offer remaining capacity and new endpoints west of Colton, CA.
Project reverses the Gold Pipeline to flow product from the Midwest toward Borger, ties into Kinder Morgan’s SFPP and CALNEV systems, and opens a new route into Phoenix, LA, and Las Vegas markets.
Flagship Eccles battery hub to boost Scotland–England grid flexibility for Net Zero 2050.
Fully consented 500 MW BESS along key north–south transmission corridors, ready to start construction, will strengthen system resilience and enable higher renewable penetration.
Marks Matrix’s UK entry and one of its largest global storage projects, with community agreements in place and ambitions to expand up to 3 GW of UK capacity.
Bulgarian clean copper locked in for 2026 with trader-backed growth capital.
Offtake covers 195,000 wmt of 2026 Ellatzite output and is paired with a US$250M prepayment facility to fund Geotechmin’s long-term expansion.
Deal fits Mercuria’s push deeper into European metals and critical-mineral flows, backing sustainable copper production and improved market access.
Trader-backed copper–gold mine set to deliver ~26 kt Cu + 13 koz Au per year for 18 years.
Agreement allows sale of up to 100% of early El Espino concentrates from 2027 onward, with Mercuria providing US$375M to refinance debt and fund growth.
Strengthens Mercuria’s footprint in Chile’s copper belt and aligns with its strategy to support long-life, ESG-focused resource projects.
First long-term Turkish contract for Woodside, anchored by Louisiana LNG supply.
Turkey’s BOTAŞ will receive ~5.8 bcm of gas equivalent over nine years, sourced mainly from Woodside’s Louisiana LNG project and broader portfolio.
Converts an earlier HOA into a binding SPA, strengthening Turkish–U.S. energy ties and supporting energy security and economic growth in both countries.
Portfolio gets smaller, balance sheet cleaner; focus shifts to Beta & Bairoil.
Combined proceeds from East Texas + Oklahoma divestitures retire the revolving credit facility, with a new, right-sized facility to be in place by Dec 31.
Strategy is to cut G&A and concentrate capital on highest-growth assets offshore Beta (Pacific) and Bairoil (Rockies), while managing commodity and regulatory risk.
Tranche-based capital to de-risk industrial H₂ projects starting in Spain.
What'd ya think of today's email?
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.