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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

Likely Buyer of Enron's India Unit Lowers Its Offer Price

LCG, Jan. 23, 2002--Following Enron's initiation of bankruptcy proceedings, BG Group has lowered its offer for stakes in Indian oil and gas fields, and the associated exploration business owned by the embattled company.

BG Group, a U.K.-based integrated gas company, first made an offer of $388 million in October, but has revised what it is willing to pay downward in negotiations, to $350 million. The deal is still being developed.

The assets in question include the Tapti gas field and the Panna/Mukta oil and gas field, which together yield 70 million cubic feet of gas and 8,200 barrels of oil per day.

Another, Indian owner, Oil and Natural Gas Corporation, which has a 40 percent interest (Enron has 30 percent), has sought to prevent BG Group from taking ownership. No progress has been made between BG Group and ONGC in negotiating a compromise regarding ownership and operatorship, which ONGC wants to take over from Enron. The third owner, also Indian, is Reliance Industries.

The creditors' committee in Enron's bankruptcy filing has so far not raised any objections to the terms being discussed, which will also require approval by the bankruptcy court.

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