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Natura Resources Announces Agreement with NGL Energy Partners to Develop 100-MW SMRs with Large-Scale Produced Water Treatment in the Permian Basin

LCG, February 4, 2026--Natura Resources LLC (Natura), a developer of advanced molten-salt nuclear reactors, announced yesterday that it has signed an agreement with NGL Water Solutions Permian LLC, a subsidiary of NGL Energy Partners LP (NGL), to pursue opportunities to combine Natura's advanced nuclear reactor technology with thermal desalination for power production and oil and gas produced water treatment. NGL transports, treats, recycles and disposes of more than 3 million barrels per day of produced and flowback water generated from crude oil and natural gas production in the Permian Basin.

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OPG Completes Darlington Nuclear Station Refurbishment Project Under Budget and Ahead of Schedule

LCG, February 2, 2026--Ontario Power Generation (OPG) announced today that construction on the four-unit Darlington Refurbishment project is now complete. Station staff are completing final testing, and the last unit is expected to return to service in the coming weeks. OPG stated that the overall project is currently four months ahead of schedule and $150 million under budget.

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Industry News

Russian Takeover Creates One of World’s Largest Oil Companies

LCG, April 22, 2003Yukos will purchase Sibneft, resulting in what will be the fourth largest oil company in the world.

Yukos, the biggest oil company within Russia, will pay $3 billion cash for a 20 percent portion of Sibneft. Yukos has agreed to acquire the remainder of the company at an unspecified date in the future, and the combined companies will be YukosSibneft Oil Company.

Mikhail Khodorkovsky, chief executive and largest shareholder of Yukos, will assume chief executive status in YukosSibneft as well.

YukosSibneft will own a combined total of roughly 19.4 billion barrels of oil and gas equivalent. Oil production is estimated to become 2.3 million barrels per day. The company will also own over 2,500 gas stations.

The companies will complete the merger by the end of the year, although regulatory bodies and shareholders will have some input.

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