GE Vernova to Acquire Trench Group in $9.0B Deal
GE Vernova agreed to acquire Trench Group for €8.0B ($9.0B) from Triton Partners, funding the purchase price equally with balance-sheet cash and debt.
Energy & Commodities
Energy and commodity market coverage, including oil, natural gas and metals. Explore supply, demand and price developments alongside explanations of how commodity markets work. Find your way around ECMSource.
Ovintiv to Acquire Logan Energy in $890M Montney Expansion
Ovintiv agreed to acquire Logan Energy for $890 million in cash and debt, adding 266,000 Montney acres while spinning off Logan Oil Corp.
TeraWulf Upsizes Credit Facility to $400M, Drops LC Sublimit
TeraWulf expanded its senior secured credit facility to $400 million with Morgan Stanley, adding a $150 million accordion and lifting letter of credit caps.
Tesla Secures $30B in New Unsecured Bank Credit Facilities
Tesla entered into $30 billion of new unsecured bank credit facilities with Citi and Wells Fargo, replacing its $5 billion revolver to expand liquidity.
Alcoa Closes $2.6B Senior Notes to Fund South32 Assets
Alcoa closed a $2.6B senior notes offering across 2034 and 2036 tranches, terminating its bridge facility to fund its $3.1B South32 asset purchase.
Senate Blocks AI Data Center Bill: What It Means for Stocks
The Senate blocked the Ratepayer Protection Act. Here is what the clash over AI data center grid costs means for power producers and hyperscalers.
Generac Surges 25% on $8B Amazon AI Data Center Power Deal
Generac stock jumped 25% after signing an $8 billion generator supply agreement with Amazon Web Services, including warrants to buy 1.69 million shares.
Dangote Refinery Opens $1.6B IPO: Africa’s Largest Listing
Dangote Petroleum Refinery opened its historic ₦2.15T ($1.6B) IPO on Sept. 14, 2026, offering 4.1B shares at ₦525 on the NGX to expand refining capacity.
PayPal Pauses Ventures Portfolio Sale as Bids Cap at 60 Cents
PayPal has paused the sale of its PayPal Ventures portfolio after secondary-market bids topped out near 60 cents on the dollar, exposing a VC discount.
Silver Lake Eyes Workday: PE’s Next $60B+ Take-Private?
Silver Lake is in talks to acquire Workday, per Reuters. WDAY jumped ~21% to $212. At $52B market cap, a deal could top $60B with a standard premium.