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Mitsubishi Electric Corporation’s $1.4 billion acquisition of PCI Energy Solutions expands its push into power-market software as utilities manage increasingly complex grids shaped by renewables, battery storage and rising electricity demand. Representative image.

Mitsubishi Electric’s $1.4bn PCI deal targets software managing 60% of US power

Johan Sverdrup crude could meet 25% of ORLEN demand under three-year agreement

Equinor strikes three-year ORLEN deal for up to 9m tonnes of crude a year

APA Group is advancing the A$259 million Sybella Creek Solar Farm and Battery Energy Storage System in Mount Isa, combining 72 MW of solar generation with a 52 MW/104 MWh battery and existing gas-fired power infrastructure under a long-term supply agreement with Ernest Henry Mining. Representative image.

APA Group (ASX: APA) commits A$259m to Mount Isa solar and battery project

A major Bay of Bengal search-and-rescue operation is underway after Panama-flagged bulk carrier MV Ocean Winner sank about 240 nautical miles off Odisha’s Paradip coast, leaving 22 of 24 crew members missing. The vessel was carrying iron ore from India to Singapore. Representative image.

MV Ocean Winner sinks off Odisha as 22 crew remain missing in Bay of Bengal

Targa Resources is expanding Permian Basin infrastructure after securing 20-year agreements with Exxon Mobil Corporation, adding about 825 million cubic feet per day of new processing capacity while lifting its 2026 growth-capital plan to roughly $5 billion. Representative image.

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Energy Industry News

Targa Resources signs 20-year ExxonMobil Permian agreements and lifts 2026 growth capital to $5bn

Targa Resources has secured ExxonMobil Permian commitments through 2046, triggering 825 MMcf/d of new processing capacity, Bull Run II and a higher $5 billion 2026 growth-capital programme.

August 19, 2026

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