Peterhead’s Score has confirmed a deal to acquire Drake Controls in Houston for an eight figure sum as it continues its expansion into markets across energy, defence and aerospace sectors. The transaction comes just days after Score announced another deal to buy BLJ In-Situ Solutions in Australia in a seven-figure acquisition that includes workshops in Queensland. Private equity-backed Score, which provides advanced engineering technology services in the fields of valve and emissions management, gas turbines and surface technologies, said the deals were “significant milestones” for the business. Drake, which was founded in 2002, distributes intelligent control systems for industrial gas turbines with sales and service centres across the United States and Mexico. It is one of NASDAQ-listed Woodward’s largest energy market business partners and was also a principal of the business alongside US industrials giant Crane Co through its Dynalco division. Score chief executive Nick Dunn said: “These acquisitions represent a pivotal step forward in Score’s strategic growth journey. “BLJ brings deep expertise in on-site maintenance and turnaround services in a region that is critical to our long-term plans, while Drake Controls enhances our digital capabilities with world-class control solutions that align perfectly with our vision to support global energy customers with efficient and cleaner energy solutions.” © Supplied by ScoreBLJ operations. Score is part of D2Zero, an international group of companies specialising in industrial decarbonisation and energy transition backed by private equity firm, SCF Partners. Score operates from over 30 locations across five continents.

NRG Energy Inc. and LS Power Equity Advisors LLC have penned a deal under which NRG will acquire gas-fired power units with a combined capacity of about 13 gigawatts (GW) and a C&P VPP (commercial and industrial virtual power plant) platform from LS Power. The transaction has an enterprise value of $12 billion. This consists of $6.4 billion in cash, a $2.8 billion stock issuance to LS Power and $3.2 billion of assumed debt. “The acquisition will double NRG’s generation capacity to 25 GW, adding modern, flexible natural gas assets that cannot be replicated”, said a joint statement Monday. “These new quick-start facilities, serving the Northeast and Texas markets, optimize NRG’s ability to serve customers, simplify risk management, and lower cost-to-serve”. The 18 gas-fired facilities being transferred to NRG are located across nine states. Meanwhile the C&P VPP platform, called CPower, operates in all the United States’ deregulated energy markets and has around 6 GW of capacity representing over 2,000 commercial and industrial customers, according to the statement. “The acquisition expands NRG’s capabilities to serve rapidly growing demand for tailored, long-term supply solutions for customers – particularly data centers. It also enhances NRG’s additionality offerings through 1+ GW of potential uprates, additional sites for potential development or colocation opportunities, and a differentiated C&I VPP platform”, the companies added. “The transaction is financially compelling as it strengthens our credit profile and turbocharges NRG’s growth rate, while also supporting continued robust capital returns”, said NRG chair, president and chief executive Larry Coben. “We are in the early stages of a power demand supercycle, and we are excited to lead the way with reliable energy solutions that will drive considerable value for NRG and all of our stakeholders”. The statement said, “Given the visible, sustained growth expected to be created by the acquisition, NRG is increasing its

Cerulean Winds Ltd. signed a charter on Monday confirming more than 1,000 jobs including 100 apprenticeships in the Aspen wind project on the United Kingdom side of the North Sea. The 1-gigawatt (GW) project is expected to attract GBP 10.9 billion ($14.43 billion) in investment, including GBP 5.9 billion during development and construction, over its 50-year lifespan. Aspen would also deliver GBP 4.1 billion Gross Value Added to the UK, of which GBP 2.8 billion would be for Scotland, according to Cerulean Winds. “Having our delivery partners already in place, working together to a shared goal means that we’re able to accurately predict the benefits that Aspen can deliver”, Cerulean Winds founding director Dan Jackson said in an online statement. Jackson and co-founder Mark Dixon accompanied Energy Minister Michael Shanks on Tuesday’s tour of the Port of Ardersier, an under-construction redevelopment project that will serve as the deployment hub for Aspen and Cerulean Wind’s two other offshore wind projects in Scotland. “The clean energy transition is well underway in Scotland – thanks to state-of-the-art offshore wind projects, like this one at the Port of Ardersier, that will help us deliver on our Plan for Change and clean power by 2030 mission”, Shanks said. In January Cerulean Winds selected Ardersier Port as its deployment hub. The redevelopment project, called the Ardersier Energy Transition Facility, is designed as an offshore wind manufacturing, storage and integration site in the Moray Firth. The site spans 450 acres and will have over 650 meters (2,132.55 feet) of quay initially. A planned future expansion will add one kilometer (0.62 miles) of quay, according to owner Ardersier Port (Scotland) Ltd., trading as Haventus. Haventus plans to open the redeveloped port this year. Cerulean Winds is developing 3 GW of offshore wind projects in the central North Sea. It

Canadian Natural Ltd has reported adjusted earnings of CAD 1.16 ($0.83) for the first quarter, higher than CAD 0.68 from the previous-year quarter. The earnings figure, which is adjusted for non-recurring items, surpassed the Zacks Consensus Estimate of $0.73 per share. The company said in an earnings release it posted a record quarterly average production in the first quarter of around 1.6 million barrels of oil equivalent per day (boepd), consisting of total liquids production of approximately 1.2 million barrels per day (bpd) and natural gas production of 2.45 billion cubic feet per day. Canadian Natural’s Oil Sands Mining and Upgrading assets delivered quarterly production of 595,116 bpd of synthetic crude oil for the quarter, an increase of 34 percent year over year, according to the release. Gross production of approximately 630,000 bpd, with upgrader utilization of 106 percent, was the highest quarterly Oil Sands Mining and Upgrading division gross production in the company’s history, the company said. Canadian Natural President Scott Stauth, said, “We have a long track record of being an industry-leading effective and efficient producer while consistently delivering top-tier operational and financial performance. All our employees are shareholders, with a strong focus on continuous improvement, consistently driving strong results”. In December 2024, the company completed a transaction to acquire Chevron Corp.’s stakes in producing and undeveloped oil sand, liquid and natural gas properties in Alberta province for CAD 6.5 billion in cash. The transaction consisted mainly of Chevron’s 20 percent interest in the Athabasca Oil Sands Project (AOSP) and 70 percent stake in the Duvernay play. Regarding the acquisition, Stauth said that the company is “achieving strong production results and cost reductions,” adding that the company is confident that it will add more value than originally anticipated. The company said it is targeting to drill 43 gross

National Grid has begun consultations on three subsea and underground electricity links, including the newly proposed Eastern Green Link 5 (EGL5) project. The 2GW, 525kV high-voltage direct current (HVDC) EGL5, being developed by National Grid and SSEN Transmission, would run approximately 345 miles (555 km) under the sea from Scotland. It will make landfall at Anderby Creek and then continue 5.5 miles underground to a new converter station in East Lindsey, Lincolnshire. In addition, the consultations will cover the Eastern Green Link 3 (EGL3) project, being developed with developing SSEN Transmission, and Eastern Green Link 4 (EGL4), alongside SP Energy Networks. Both cables will make landfall at Anderby Creek on the Lincolnshire coast, with EGL3 starting at Peterhead and EGL4 at Westfield, Fife. Underground cables will run approximately 100 km to converter stations in the Walpole area of King’s Lynn and West Norfolk, before connecting to the existing transmission network via a new substation. National Grid is seeking feedback on the three transmission lines from people across East Lindsey, Boston and South Holland in Lincolnshire, King’s Lynn, West Norfolk, and Fenland in Cambridgeshire. The consultations will run from 13 May to 23 June 2025. Community impact The new round of consultations builds on previous engagement in April 2024, with National Grid looking to confirm Anderby Creek as the landfall location for EGL3 and EGL4, after removing Theddlethorpe from consideration. In addition, the consultations will explore routing EGL3 cables entirely outside the Holderness Offshore Marine Conservation Zone, with a minimal crossing by EGL4 cables. By consulting on the three projects together, National Grid hopes to help communities understand how the proposals are being coordinated to reduce construction impacts. National Grid head of offshore consents Sean Stokoe said: “Eastern Green Links 3, 4 and the newly proposed EGL5 are critical to building

Tourmaline Oil Corp. has signed two deals to continue its consolidation in Northeast British Columbia’s Montney gas play. Tourmaline said it entered into an agreement to acquire the balance of the jointly-owned Laprise-Conroy assets through the acquisition of Saguaro Resources Ltd., as well as a separate agreement to acquire assets located in the Greater Septimus area of the South Montney. The Calgary, Alberta-based company said in a news release it expects the acquisitions to close in the second quarter. The two transactions will add approximately 20,000 barrels of oil equivalent (boepd) of current production, an estimated 369.4 million barrels of oil equivalent (boe) of current 2P reserves, and approximately 410 primarily Tier 1 future net drilling locations, according to the release. Production and reserves from these assets are expected to experience significant future growth as each asset is systematically developed as part of the company’s Northeast British Columbia Montney buildout, the company said. Tourmaline noted that the Laprise-Conroy asset is the key component of the North Montney Phase 2 project, and the Greater Septimus asset is complementary and adjacent to Tourmaline’s planned Groundbirch two-phase gas plant development project with a capacity of 400 million cubic feet per day / 20,000 barrels per day (bpd). As part of these transactions, Tourmaline said it will also acquire 9 net sections and an estimated 54 net drilling locations in the Resthaven area of the Alberta Deep Basin. Tourmaline said it will issue a total of approximately 13 million common shares as consideration for the two transactions, “leaving the balance sheet in a very strong position for potential further asset acquisitions going forward”. The final number of shares to be issued pursuant to these acquisitions will be determined at the closing of the transactions based on the price of Tourmaline common shares leading up to