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Shell to Divest Nigerian Subsidiary SPDC to Renaissance for $1.3 Billion
January 19, 2024
British oil and gas company Shell has agreed to sell its Nigerian onshore subsidiary Shell Petroleum Development Company of Nigeria (SPDC) to Renaissance Africa Energy for $1.3 billion. Renaissance is a consortium of four Nigeria-based oil and gas companies, including
DOE Allocates $34 Million to Modernize Aging Power Grid
January 19, 2024
The U.S. Department of Energy (DOE) will allocate $34 million for 12 projects across 11 states to strengthen and modernize America’s aging power grid through the development of cost-effective, high-speed, and safe undergrounding technologies. Through the Grid Overhaul with Proactive,
Woodside to Provide $12.5 Million to Fund Creation of Woodside-Rice Decarbonization Accelerator
January 19, 2024
Rice University and Woodside Energy have entered into a ground-breaking five-year technology collaboration aimed at reducing greenhouse gas emissions and providing lower carbon solutions. Woodside will provide $12.5 million to fund the creation of the Woodside-Rice Decarbonization Accelerator, an initiative
New York Stock Exchange Withdraws Dangerous Land Grab Rule
January 18, 2024
The Securities and Exchange Commission (SEC) released a notice of withdrawal of the proposed rule change that would have allowed the New York Stock Exchange (NYSE) to list Natural Asset Companies (NACs). “Today is a victory for Americans as our
DOE Finalizes $1.1 Billion Credit Award for Diablo Canyon Nuclear Power Plant, California
January 18, 2024
The U.S. Department of Energy (DOE) signed the credit award and payment agreement with Pacific Gas and Electric Company to finalize terms for $1.1 billion in credit payments via the Civil Nuclear Credit (CNC) Program for the Diablo Canyon Power
BP Appoints Murray Auchincloss as Chief Executive Officer
January 17, 2024
The bp board has appointed Murray Auchincloss as chief executive officer with immediate effect. Murray, who has been interim CEO since September 2023, will continue as a member of the bp board. His appointment has been made following a robust
House Republicans Blast EPA Methane Rule as ‘Serious Threat’ to Oil & Gas Sector
January 17, 2024
House Republicans took aim at the Biden administration’s new methane tax and performance standards Wednesday, arguing that the final rule poses a serious threat to many domestic oil and gas operators and will drive up energy costs at a time
1PointFive and Trafigura Enter Direct Air Capture Carbon Removal Credit Agreement
January 17, 2024
Trafigura has agreed to purchase carbon dioxide removal (CDR) credits to be produced from 1PointFive’s first industrial-scale direct air capture (DAC) facility, STRATOS, which is currently under construction in Texas. This is Trafigura’s first transaction towards meeting its commitment as
Talos Energy to Acquire Gulf of Mexico Operator QuarterNorth Energy for $1.3 Billion
January 16, 2024
Talos Energy has agreed to acquire QuarterNorth Energy, a privately-held exploration and production company operating in the U.S. deepwater Gulf of Mexico, in a stock and cash deal worth $1.29 billion. The consideration for the deal includes 24.8 million shares
Alaska Native Village Withdraws Opposition of ConocoPhillips’ Willow Oil Project
January 16, 2024
As ConocoPhillips begins a major winter construction season for its planned Willow oil development, the governments of a North Slope village that were among the few local institutions to criticize the project have both changed their positions, according to newly
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