USA Compression Partners LP said Monday it had completed the acquisition of J-W Power Co for around $860 million. “The acquired assets add over 0.8 million active horsepower across key regions, including the Northeast, Mid-Continent, Rockies, Gulf Coast and Permian Basin, creating a combined fleet of approximately 4.4 million active horsepower”, Dallas, Texas-based USA Compression said in an online statement. “This acquisition also brings a diversified, high-quality customer base to USA Compression’s commercial portfolio while further strengthening its position in mid-to-large horsepower compression”. According to the companies’ joint announcement of the deal December 1, 2025, the acquisition includes “aftermarket services and parts distribution, as well as additional optionality associated with specialized manufacturing services”. USA Compression expects “attractive ~5.8x 2026 estimated adjusted EBITDA multiple before expected synergies”, the December statement said. According to the December statement, the J-W Power team was to transfer to USA Compression. USA Compression said it had drawn $430 million from its revolving credit facility to help pay the acquisition. For the remainder of the purchase price, USA Compression said it had issued about 18.2 million common units “based on an effective price at signing of $23.5 per common unit (the 10-day volume-weighted average price as of November 26, 2025 with a collar of $23.25-23.5, resulting in an effective price utilized of $23.5), subject to certain purchase price adjustments”. USA Compression had a revenue of $250.26 million for the third quarter of 2025, according to its latest results published November 5, 2025. That was up from $239.96 million for Q3 2024, despite average horsepower utilization slipping from 94.6 percent to 94 percent. Net profit totaled $34.49 million, while adjusted EBITDA landed at $160.27 million – up from $19.33 million and $145.69 million for Q3 2024 respectively. Distributable cash flow was $103.85 million, compared to $86.61 million for Q3

In a statement sent to Rigzone on Friday by the Independent Petroleum Association of America (IPAA), the organization’s president and CEO, Edith Naegele, highlighted that America’s independent producers are experiencing “a challenging price environment”. “America’s independent oil and natural gas producers ushered in the shale revolution and have a proven record of delivering energy securely and competitively,” Naegele said in the statement. “America’s independent producers are committed to producing the energy that powers American lives and competitiveness. IPAA’s member companies support American energy dominance and are the backbone of communities throughout the producing states, providing jobs and economic security in regions across the country,” Naegele added. “This is a challenging price environment for America’s independent producers. America’s independents are known for taking risks, and no matter the basin they desire stability as they make capital allocation decisions,” the IPAA President continued. “As global markets continue to develop and change, and as production opportunities present themselves around the world, IPAA’s member companies will continue to evaluate all prospects to produce oil and natural gas safely and securely,” Naegele went on to state. Rigzone has contacted the U.S. Department of Energy (DOE) for comment on the IPAA statement. At the time of writing, the DOE has not responded to Rigzone. In a J.P. Morgan research note sent to Rigzone by the JPM Commodities Research team on Friday, J.P. Morgan highlighted that the WTI crude price averaged $59 per barrel in the fourth quarter of last year and $65 per barrel overall in 2025. The company showed that the Brent crude price averaged $63 per barrel in the fourth quarter of last year and $68 per barrel overall in 2025. J.P. Morgan projected in the report that the WTI crude price will average $56 per barrel in the first quarter of 2026 and

Abu Dhabi Future Energy Co PJSC (Masdar) has signed an agreement with Angola’s state-owned offtaker Rede Nacional de Transporte de Electricidade for the 150-megawatt (MW) Quipungo photovoltaic project in Huila province. “The Quipungo project represents the first contracted site under Project Royal Sable, a planned 500 MW renewable energy program across three sites that will strengthen Angola’s southern power grid and support the country’s sustainable development objectives”, Masdar said in a press release. It also marks Masdar’s first power purchase agreement (PPA) in the Central African country, according to the company. Project Royal Sable, expected to power around 300,000 homes and offer over 2,000 jobs, “reflects Masdar’s commitment to developing large-scale, bankable renewable energy infrastructure in emerging markets, supporting national energy strategies while expanding access to reliable, affordable clean power”, Masdar said. “Masdar is now the largest operator of renewables on the continent through its joint venture, Infinity Power, which currently operates 1.3 GW of solar and onshore wind power projects in South Africa, Egypt and Senegal, and has a 13.8-GW project pipeline, including battery storage and green hydrogen facilities, in various stages of development”, it added. “The addition of Project Royal Sable will contribute to Masdar’s target of 100 GW portfolio capacity by 2030”. The offtake deal was signed at the International Renewable Energy Agency assembly in Abu Dhabi, which closed Monday. Recently Masdar also signed its first PPA in Malaysia, agreeing to build what it said is Southeast Asia’s biggest floating solar plant. The 200-MW project will be installed at the Chereh Dam in Pahang state. It would be developed with Malaysian partners Citaglobal and Tiza Global, while the PPA was signed with national utility Tenaga Nasional Bhd, Masdar said in an online statement December 23, 2025. The Chereh project launches the 10-gigawatt renewable energy roadmap agreed between Masdar

In an oil and gas report sent to Rigzone late Monday by the Macquarie team, Macquarie strategists, including Walt Chancellor, revealed that they are forecasting that U.S. crude inventories will be up by 5.0 million barrels for the week ending January 9. “This follows a 3.8 million barrel draw in the prior week, with the crude balance realizing relatively close to our expectations,” the strategists said in the report. “For the week ending 1/9, from refineries, we look for a modest reduction in crude runs (-0.1 million barrels per day). Among net imports, we model a healthy increase, with exports sharply lower (-0.9 million barrels per day) and imports up slightly (+0.1 million barrels per day) on a nominal basis,” they added. The strategists stated in the report that timing of cargoes remains a source of potential volatility in the weekly crude balance. They also noted in the report that they “see some lingering potential for noise from year-end effects”. “From implied domestic supply (prod.+adj.+transfers), we look for a small nominal increase (+0.1 million barrels per day),” the Macquarie strategists went on to note. “Rounding out the picture, we anticipate another small increase (+0.2 million barrels) in SPR [Strategic Petroleum Reserve] stocks for the week ending 1/9,” they said. The Macquarie strategists also highlighted in the report that, “among products”, they “again look for another large build led by gasoline (+7.1 million barrels), with distillate (+2.4 million barrels) and jet stocks (+0.7 million barrels) also higher”. “We model implied demand for these three products at ~13.6 million barrels per day for the week ending January 9,” the strategists went on to state. In its latest weekly petroleum status report at the time of writing, which was released on January 7 and included data for the week ending January 2, the

Vitol Group and Trafigura Group are in talks with large Indian and Chinese refiners over potential sales of Venezuelan crude, days after they obtained a preliminary green light from the US to market the oil. The traders contacted leading Asian buyers over the weekend, according to people familiar with the matter, who asked not to be identified because they are not authorized to speak publicly. Conversations are at an early stage and no formal offers have been made, they added. Indicative price levels for the touted Venezuelan volumes, for arrival to Asia in March, were pegged at about an $8 a barrel discount to the Brent benchmark, said traders in the spot market who track regional crude flows. The global oil market is on alert for a redirection of exports from Venezuela following the US intervention earlier this month, when forces seized leader Nicolás Maduro and President Donald Trump asserted control over the nation’s energy industry. The country has the world’s largest proven crude reserves. The two trading houses, among the world’s largest, are also in talks with US refiners to gauge interest. Vitol and Trafigura declined to comment. Asia has been a vital market for Venezuela’s Merey crude through years of US sanctions and restrictions. China took the lion’s share, usually sold at a discount. After Washington’s move, Energy Secretary Chris Wright told Fox News that the US would not cut the country off from accessing Venezuelan oil. India’s Reliance Industries Ltd., meanwhile, has taken cargoes after securing a waiver, only to pause purchases last year when US President Donald Trump announced a 25 percent tariff on nations buying from the Latin American producer. Processors in India and China are now eager to explore renewed access to Venezuelan crude, potentially another source of supply in an already plentiful market. State-owned

Uniper SE and AM Green Ammonia India Pvt Ltd have signed a “long-term” offtake agreement for the German power and gas utility to buy up to 500,000 metric tons a year of renewable energy-produced ammonia from AM Green Ammonia’s projects. AM Green Ammonia – a consortium of India’s AM Green, Gentari of Malaysia’s Petroliam Nasional Bhd, Singaporean sovereign wealth fund GIC and the Abu Dhabi Investment Authority – is developing several plants in the Indian cities of Kakinada and Tuticorin and the Indian town of Kandla, according to a joint statement between AM Green Ammonia and Uniper. The first was sanctioned by the consortium in 2024 and will rise in Kakinada in Andhra Pradesh state. “First shipment is expected to happen as early as 2028 from AM Green Ammonia’s first 1 MTPA, under-construction plant in Kakinada, Andhra Pradesh”, the joint statement said. AM Green founder Anil Kumar Chalamalasetty said the deal represents “one of the first large-scale supply corridors between India and Europe”. “For Uniper, the agreement represents a significant step forward in developing a diversified portfolio of renewable and low-carbon molecules for European customers”, the joint statement said. “As a feedstock and a potential hydrogen carrier, renewable ammonia will help decarbonize industrial sectors such as chemicals, fertilizers, refining, and, over time, shipping”. The ammonia would be certified as a Renewable Fuel of Non-Biological Origin according to European Union standards, according to the joint statement. “Uniper and AM Green Ammonia will continue working with certification bodies to ensure traceability and high integrity reporting for European end-users”, the companies said. At home, Uniper recently partnered with thyssenkrupp Uhde GmbH for the construction of six commercial ammonia plants toward the establishment of a scalable hydrogen import terminal in Wilhelmshaven. On November 26, 2025, the German multinationals announced a “framework agreement” with thyssenkrupp Uhde building