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EPA Awards $600 Million to 11 Grantmakers for Environmental Justice Projects
December 21, 2023
The EPA has awarded $600 million for 11 selected Grantmakers under EPA’s Environmental Justice Thriving Communities Grantmaking program. This is the largest investment in climate action in history. This new grant program, which will make it easier for small community-based
Nippon Steel to Acquire U.S. Steel for $14.9 Billion
December 20, 2023
Nippon Steel Corporation (NSC) and United States Steel Corporation have entered into a definitive agreement to which NSC will acquire U.S. Steel in an all-cash transaction at $55.00 per share, representing an equity value of approximately $14.1 billion plus the
Exolum to Acquire 50% Stake of Moda Midstream’s NGL Storage Terminal, Texas
December 20, 2023
Exolum has entered into a definitive agreement to acquire a 50 percent interest in Vopak Moda Houston, an ammonia storage, import, and export terminal located on the Houston Ship Channel, from Moda Midstream. Terms of the transaction were not disclosed.
DOE Awards Up to $890 Million for Carbon Capture Projects at Gas and Coal Plants
December 20, 2023
The U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) will allocate up to $890 million in funding for three projects to demonstrate technologies designed to capture, transport, and store carbon emissions. The three projects — located in
BP Halts Oil and Gas Shipments through Red Sea After Attacks By Houthi Rebels
December 19, 2023
BP has halted all shipments of oil and gas through the Red Sea after an increase in attacks on cargo ships by Houthi militants in Yemen, including two further strikes on Monday. The British oil major said it had paused
Pembina to Acquire Enbridge Pipeline, NGL Assets for $2.29 Billion
December 19, 2023
Enbridge has entered into a definitive agreement to sell its 50 percent interest in Alliance Pipeline and its 42.7 percent interest in Aux Sable to Pembina Pipeline Corporation for a purchase price of $3.1 billion, including non-recourse debt at Alliance
TotalEnergies Expands its Presence in Suriname with New Offshore Exploration License
December 19, 2023
TotalEnergies and its partners QatarEnergy and Petronas have signed a production sharing contract for Block 64 with Staatsolie Maatschappij Suriname (Staatsolie), the state-owned oil company of Suriname. Block 64 was awarded to TotalEnergies and its partners in the bid round
Tokyo Gas Unit, TG Natural Resources, to Acquire Rockcliff Energy for $2.7 Billion
December 18, 2023
Rockcliff Energy, a portfolio company of Quantum Energy Partners, entered into into a definitive agreement with TG Natural Resources (TGNR), in which TGNR will acquire 100 percent of the membership interests in Rockcliff for $ 2.7 billion. Rockcliff is a
CNX Releases Update on Hydrogen Project Location and 45V Hydrogen Production Tax Credit Rules
December 18, 2023
Citing delays and increasing uncertainty over implementation rules guiding the use of the 45V hydrogen production tax credit provisions of the Inflation Reduction Act (IRA) and an inability to reach final commercial terms with project developers, CNX Resources Corporation said
Warren Buffett’s Berkshire Hathaway Snaps Up Nearly $600 Million of Occidental Stock
December 18, 2023
Warren Buffett’s Berkshire Hathaway poured nearly $600 million into Occidental Petroleum during the first three days of last week. The stock purchases signal the famed investor approves of the energy company’s pending acquisition, and suggest he sees fresh value in
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