Southwestern Energy agreed to acquire Marcellus and Utica acreage and equipment from Chesapeake Energy for $5.4 billion. “The early drilling in both the liquids-rich Marcellus and emerging Utica plays has confirmed the resource potential and the economic strength of a long-term development program,” Southwestern CEO Steve Mueller said in a written statement. [Fuel Fix]

A front end engineering contract was awarded to Wood Group Kenny for subsea infrastructure that will transport carbon dioxide captured from a gas-fired power plant in Scotland. “The project, which is being developed by Royal Dutch Shell supported by Scottish and Southern Energy, will be the world’s first full-chain CCS project on a gas-fired power station.” [Rigzone]

Lockheed Martin researchers have found a way to greatly reduce the size of a compact fusion reactor. “By shrinking the size of a compact fusion reactor by 90 percent, the Skunk Works team hopes to shrink the time and expense involved in building and testing a full scale prototype.” [CleanTechnica]