Energy Transition in Motion (Week of July 18, 2025)
Here is a look at some of this week’s renewable energy news, including elevated reviews for solar and wind projects in the U.S.
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Acquisitions & Divestitures
BP to Sell US Onshore Wind Business to LS Power
The sale of BP’s U.S. onshore wind assets, which have a total generating capacity of 1.3 gigawatts, comes as part of BP’s $20 billion divestment program.
Transactions
Hess Wins Guyana Arbitration, Clearing Path for Chevron Deal
Hess prevailed in international arbitration against Exxon Mobil, clearing a path to close its $53 billion sale to Chevron. The international case focused on Hess’ ownership stake in Guyana’s Stabroek field.
People
FTC Nixes Orders Banning Hess, Sheffield from Chevron, Exxon Boards
The FTC voted 3-0 to set aside orders barring oil veterans John Hess and Scott Sheffield from serving on the Chevron and Exxon boards, respectively.
Shale Plays
Former 89 Energy Team Reloads with Pearl Backing for Midcon M&A
Startup E&P Blackjack Natural Resources is launching with backing from Pearl Energy Investments to target M&A in the Midcontinent.
Private Equity
Bracewell: Midstream Contracts Under Pressure as Upstream M&A Spurs Portfolio Shakeups
As consolidation and divestitures reshape the oil and gas landscape, legacy midstream agreements are creating legal and commercial hurdles—forcing parties back to the table to untangle dedications, MVCs and transfer risks.
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Oil and Gas Investor Magazine
Harold Hamm is Still Wildcatting After All These Years
As the founder and chairman of Continental Resources reflects on 25 years of Bakken horizontal development, Harold Hamm urges his fellow U.S. producers to “never quit exploring.”