Energy & Utilities · Week of Oct 26, 2026
Ovintiv buys Logan as projects advance: the week in energy
Ovintiv agreed to buy Logan Energy, as solar, storage, helium and floating wind developers reported financing, construction and deployment steps.
The largest item of the week was Ovintiv's agreement to acquire Montney oil producer Logan Energy Corp. for total consideration of approximately $890 million. Elsewhere, several companies reported progress on physical assets rather than new deals. Avanti Helium says civil construction at its Sweetgrass project is substantially complete, and Ocergy says both its floating wind platform and its data product are ready for commercial deployment.
Capital structure and grid flexibility were also themes. PowerBank completed a CA$25.4M refinancing across 53 operating solar projects, and Madison Energy Infrastructure announced a 50 MW / 200 MWh battery storage portfolio with CORE Electric Cooperative in Colorado. Rounding out the week, PG&E issued customer energy-saving guidance, TERREPOWER previewed products for AAPEX 2026, and Sinopec hosted its second International Catalyst Customer Conference.
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 oil growth optionality and drilling inventory 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 notes the U.S. Department of Energy has designated helium a critical material, which it says reinforces the importance of new domestic production.
PowerBank Corporation
PowerBank Strengthens Balance Sheet and Solar Portfolio with 14% Reduction in Project Debt with Completion of CA$25.4M Refinancing
PowerBank says it completed a CA$25.4M refinancing across 53 operating solar projects, cutting project debt by 14% and consolidating 50 credit agreements into one facility with a major Canadian bank. The company expects the deal to release approximately CA$5.0 million in net cash and lower debt payments, banking fees and administrative costs.
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 from so-called vampire appliances during National Clean Energy Month. The utility ties the guidance to customers preparing for cooler weather.
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 showcase 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 aftermarket.
Ocergy
Ocergy Reaches Two Major Milestones: OCG-Wind Towed to Culzean, OCG-Data Redeployed to Mediterranean Wind Site
Ocergy says its OCG-Wind floating wind platform has been towed to Culzean and its OCG-Data unit has been redeployed to a Mediterranean wind site. The company says the milestones make both products ready for commercial deployment.
Madison Energy Infrastructure
Madison Energy Infrastructure and CORE Electric Cooperative Launch Community Infrastructure Partnership
Madison Energy Infrastructure announced a 50 MW / 200 MWh battery energy storage portfolio with CORE Electric Cooperative in Colorado. The company says the flexible storage will meet local energy needs and deliver benefits to CORE and its members.
SINOPEC
Sinopec Showcases Catalyst Innovation at Second International Catalyst Customer Conference in Tianjin
Sinopec says it hosted the second Sinopec International Catalyst Customer Conference in Tianjin under the theme "Catalyzing Collaboration, Shaping a Smarter Future." The event highlighted the company's catalyst business and customer collaboration.
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 Business News Talks reporting.