Energy & Utilities · Week of Oct 26, 2026
Ovintiv's Montney deal and nuclear funding: the week in energy
Ovintiv agrees a Montney deal, Elementl lines up nuclear funding, and PG&E and Duke Energy Florida warn customers about standby power use.
The largest items this week were capital commitments. Ovintiv says it has agreed to acquire Montney oil producer Logan Energy Corp. for C$1.40 per share in cash, for total consideration of approximately $890 million. Elementl Power says it has signed a preliminary agreement with DS Investment Partners and Samsung C&T on a proposed partnership of up to $750 million to help fund multiple U.S. nuclear projects. Avanti Helium reported construction progress at its Sweetgrass project and pointed to the U.S. Department of Energy's designation of helium as a critical material.
Two utilities ran similar Halloween-timed campaigns. Pacific Gas and Electric Company and Duke Energy Florida both urged customers to cut 'phantom' or 'vampire' power drawn by appliances and electronics on standby. Elsewhere, Borr Drilling updated on the Prospector 5 rig incident offshore Gabon, Entergy set its third quarter 2026 results date, and TERREPOWER outlined products for AAPEX 2026.
Ovintiv Inc.
Ovintiv Announces Agreement to Acquire Montney Oil Producer, Logan Energy Corp.
Ovintiv says it has agreed to acquire Logan Energy Corp. for C$1.40 per share in cash, for total consideration of approximately $890 million. The company says the deal adds to its premium return drilling inventory and gives it additional oil growth optionality in the Montney.
Avanti Helium Corp.
Avanti Helium Reports Significant Construction Progress At Sweetgrass Project As U.S. Government Designates Helium A Critical Material
Avanti Helium says civil construction at its Sweetgrass project is substantially complete, processing building construction is underway and helium recovery equipment is mobilizing to site. The company says the U.S. Department of Energy's designation of helium as a critical material reinforces the strategic importance of new domestic helium production.
Pacific Gas and Electric Company
Preventing Phantom Power from Taking a Bite out of Your Budget This National Clean Energy Month
PG&E is encouraging customers to take simple steps to reduce phantom power use as part of National Clean Energy Month and ahead of cooler weather. The campaign is one of two utility efficiency messages this week aimed at standby electricity consumption.
Duke Energy
Duke Energy Florida shares tips for warding off energy vampires, saving money
Duke Energy Florida is reminding customers that appliances and electronics such as TVs, cell phone chargers and coffee makers use energy 24/7, even when not in active use. The utility frames the advice as a way for customers to save money, echoing a similar PG&E campaign.
Entergy Corporation
Entergy to report third quarter 2026 financial results on Nov. 2
Entergy says it will report third quarter 2026 financial results before the market opens on Monday, Nov. 2. Chair and CEO Drew Marsh and CFO Kimberly Fontan will host the call for investors and analysts.
Borr Drilling Limited
Borr Drilling Limited - Prospector 5 Rig Incident Update
Borr Drilling has updated on the Prospector 5 incident offshore Gabon, which it first announced on October 25, 2026. The company says that of the 115 personnel on board, 110 are safe and accounted for.
TERREPOWER
TERREPOWER to Showcase Product and Technology Innovation at AAPEX 2026 with Remy BAS Hybrid Unit, New Part Numbers and the Launch of Mobile S.T.A.R.T. Diagnostic App
TERREPOWER, formerly BBB Industries, says it will show the Remy Belt Alternator Starter for 48V mild hybrid vehicles and a mobile S.T.A.R.T. diagnostic app at AAPEX 2026. The company is also introducing new part numbers for the automotive aftermarket.
Elementl Power Inc.
ELEMENTL POWER, DS INVESTMENT PARTNERS AND SAMSUNG C&T TO ADVANCE NEW U.S. NUCLEAR DEVELOPMENT
Elementl Power says it has signed a preliminary agreement with DS Investment Partners and Samsung C&T to form and fund a partnership of up to $750 million. The company says the money would help fund development of multiple Elementl nuclear projects in the U.S.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not News Today Lines reporting.