Shell Oil Products US signed an agreement to raise its stake in convenience store operator and fuel distributor Tri Star Energy from 33% to 100%, adding 320 company-owned retail sites.
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Virginia Lt. Gov. Ghazala Hashmi came out against NextEra Energy's all-stock acquisition of Dominion Energy as state regulators began local public hearings. She cited risks from NextEra's many riskier project entities; NextEra said it respectfully disagrees and that Dominion Energy Virginia would remain fully regulated.
DTI will acquire Aberdeen-based Saltire Energy and Foxley Energy for about $80M in cash plus 17.4M DTI shares, closing in Q1 2027.
Pacolet Milliken acquired two Georgia biomass plants with 116 MW of capacity, roughly tripling its biomass platform; terms undisclosed.
Monomoy Capital recapitalized oilfield chemicals provider Creedence Energy Services, marking Tower Arch Capital's exit.