Trending News: GM to Add Hybrids as U.S. Gasoline Holds Above $4Saudi Crude Exports Hit Five-Month High as Production Falls to Record LowUK Union Welcomes Jackdaw DecisionNordex Enters New Zealand Wind Market With 192 MW Mercury OrderIndia Hosts AgriVoltaics World Conference 2026, Announces New Programme Under PM-KUSUMTata Power-DDL to Hold National Lok Adalat on October 25 for Electricity Theft Case SettlementsAdani Green Energy Operational Capacity Rises 24% to 20,763 MW in H1 FY27Hartek Power Secures INR 200 Crore Contract for 80 MW Solar EPC Project in Uttar PradeshIndia’s Top State Refiner to Reduce Middle East Term Oil PurchasesEBRD Arranges $265 Million Financing For 1.2 GW Solar Project And 600 MWh BESS In EgyptAmperehour Energy And Ampt Partner To Expand DC-Coupled Battery Storage Solutions Across Global MarketsNTPC REL Invites Bids For Spare Inverter For 200 MW Gujarat-I Solar ProjectIREDA Reports INR 891.75 Crore Half-Year Net Profit As Revenue Rises To INR 4,592 Crore In FY2027SolarQuarter India: Technology Showcase Special | REI 2026 IssueCredibility and capital key to scaling-up new helium productionRussia to Send First Diesel Tanker to U.S. on ThursdayHigher Oil Availability Pressures Middle East Crude BenchmarksAgency Says India Coal-Fired Units Running Critically Low on Fuel as Power Demand SoarsSet it and forget it: Automated electrolyte management in trace oxygen analysisSemiconductor helium demand to reach 2.2 Bcf by 2028UK Approves Jackdaw Gas Field as Energy Crisis DeepensMorgan Stanley: Global Fuel Market Will Stay Tight Through Mid-2027Japan’s Trade Deficit Doubles as Hormuz Crisis Hikes Energy Import CostsConversion costs outweigh hydrogen shipping costs: WoodLinde doubles gas supply capacity for Tata SteelOil Prices Climb Above $110 as Middle East Supply Fears PersistTrump Administration Pushes Refiners to Boost Diesel Output as Prices SoarIndia’s Coal Crisis Deepens as Power Demand SurgesGoldman Sachs Warns of New Oil Price Shock as Tanker Rates SoarMidterms Could Swing on DieselUK biomethane sector calls for funding boost after Jackdaw approvalSolex Energy Subsidiary Approves INR 150 Crore Convertible Debenture IssueNTPC Appoints Diwakar Nath Misra As Government Nominee Director To Its BoardNorthern Ireland seeks views on biomethane sector developmentIndian Renewable Energy Stocks Decline as Sensex Falls 0.75% and Nifty Slips 0.94% (21 October 2026)FNB, WesBank, and RMB Launch Platform to Expand Business Solar Adoption in South AfricaGold Hydrogen accelerates Australian helium pilot after well testsGreece to enter biomethane market with first production plantSEPCO Reportedly Secures EPC Contract for Saudi Arabia’s 500 MW/2,000 MWh Al Khushaybi BESS ProjectLebanon Plans 800 MW Solar And 440 MW Wind Projects To Strengthen Electricity SupplyJose Leonilo A. Espineli Honoured for Excellence in Strategy & Optimization LeadershipNorway’s Gas Production Plunges 12.6% as Europe Heads into WinterAPI: Crude, Product Inventories Continue to DrawUS EPA hands Colorado control of CO2 injection well permittingMendell Helium targets five new production wells in KansasSM City Fairview Rooftop Solar PV System by Buskowitz Energy Inc. Won Project of the Year: Renewable EnergyCERC Grants 100% ISTS Charge Waiver to 50 MW Hybrid Project, Extends SCOD to February 2026Wirepas Connects 700,000 Smart Meters in Himachal Pradesh as RDSS Rollout Quadruples in Nine MonthsBangladesh Plans 70 MW Solar Power Plant At Matarbari Coal Station By December 2028India’s Solar PV Capacity Crosses 171 GW in September 2026 as Installations Accelerate NationwideEU Stands Firm Against Arctic Oil and Gas Drilling Despite Energy CrisisSahaj Solar Approves 1.8 GWh BESS Manufacturing Facility In Gujarat With INR 25 Crore InvestmentIndia And Saudi Arabia Advance Electrical Interconnection Initiative And Power Sector CooperationWaaree Renewable Technologies Reports 36.53% Revenue Growth In Q2 FY27 As Profit Declines 29.98%HERC Grants 25-Year Distribution Licence To Eleven Power For Gurugram And NuhRERC Directs DSM Dues Reconciliation Within 30 Days, Sets 60-Day Payment Deadline In RajasthanASEAN nations assessing nuclear energy optionThe Nuclear Company proposes 6.6 GW Kentucky projectWestinghouse invests USD1 billion in US LEU+ fuel plantIAEA says Barakah drone-strike response was effectiveHelium supply chain realities if the Strait of Hormuz reopensHelium supply chain realities if the Strait of Hormuz reopensHelium supply chain realities if the Strait of Hormuz reopensRussia’s Oil Export Revenue Slides as Production DeclinesHSBC Sees Hormuz Becoming Redundant in Five YearsShipping Crisis Forces Asian Crude Buyers to Use Smaller TankersSaudi Arabia and Asia Locked In Dispute Over 2027 Term Oil DealsHelium market shortage could widen to 20% if helium caverns are depletedChina Moves to Rein In Its Booming Hydrogen IndustryCopper Needs $332 Billion in New Mines to Avoid Deficit, BloombergNEF SaysAsia’s Coal Prices To Stay High as Supply Drops and Demand FirmsHelium exports unlikely to resume even in Q1 2027How Much Additional Diesel Could Reach the Market?Frontier inks $11.7m CO2 removal deal to advance rock-based storageAsian LNG Prices Surge Past $30 as Middle East Shipping Risks EscalateTrump Announces $8 Billion in Emergency Diesel Relief for U.S. FarmersOil-Rich Alberta Votes to Stay in Canada in Historic ReferendumLNG cargo monitoring tool launches amid shipping disruptionChemical capacity cut looms as industrial gas demand divergesPodcast | Dry ice: demand, quality and customer trustSeaweed offers alternative feedstock for 420GWh UK biomethane projectPakistan’s Growth Slows as Hormuz Crisis Hits IndustryQatar Offers Lebanon 2 Gas Plants and 20 Years of LNG Piped Through SyriaBrent Tops $110 as Tanker Attacks Threaten Persian Gulf SupplyUS lawmakers seek to boost bio-LNG demand in maritime sectorEU Policy Draft Softens Language on Arctic DrillingCanada’s Inflation Rises to 3.1% as Fuel Oil Prices Jump 58%Philippines advances plans for nuclear power as energy demand risesKorean concern over proposed ‘Made in EU’ act’s impact on nuclear power projectsIndiana considering 6 GW Candu nuclear projectAura aims for final investment decision on Mauritania project this yearPodcast | Helium Super Summit preview: shortages, supply and new producersA Changing Grid Is Reshaping Fossil Power ReliabilityChina’s Solar Exports Keep Falling as Beijing Mulls Export ControlsQatari LNG Cargo Heads Through Red Sea to Europe in Rare Suez RunIraq’s October Oil Exports Top 3.4 Million Bpd, Nearing Pre-War LevelsMozambique Pitches Sasol and ROMPCO on $250 Million Gas ProjectCCUS awards recognise capture technology and CO2 infrastructure projectsChina’s Coal Production Slumps 6.8% as Winter Supply Fears GrowJapan’s Electricity Prices Surge 25% as LNG and Coal Costs Soar

EQT to Acquire Upstream and Midstream Assets of Olympus Energy for $1.8 Billion

Business & Policy
April 23, 2025

(Reuters) – EQT said on Tuesday it plans to acquire the upstream and midstream assets of Olympus Energy in a deal valued at $1.8 billion.

The company also beat first-quarter profit estimates on Tuesday, benefiting from higher natural gas prices.

The company reported an adjusted profit of $1.18 per share, for the quarter ended March 31, above analysts’ average estimate of $1.02 per share, according to data compiled by LSEG.

Reporting by Tanay Dhumal in Bengaluru; Editing by Mohammed Safi Shamsi