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Shell to Cut 200 Jobs in Overhaul of Low Carbon Unit
November 8, 2023
Shell is planning to cut about 200 jobs next year as part of plans to simplify the business and shake up its low carbon division under boss Wael Sawan. A further 130 roles have been placed under review as it
Canadian Solar to Build $800 Million 5 GW Solar PV Cell Production Facility, Indiana
November 8, 2023
Canadian Solar, headquartered in Guelph, Ontario, said it is establishing a 5 GW Solar PV cell production facility at the River Ridge Commerce Center in Jeffersonville, Indiana. Canadian Solar is building a state-of-the-art solar photovoltaic cell manufacturing plant with an
ExxonMobil Closes $4.9 Billion Acquisition of Denbury
November 7, 2023
ExxonMobil Corporation has closed its acquisition of Denbury in an all-stock transaction valued at $4.9 billion. “This transaction is a major step forward in the profitable growth of our low carbon solutions business,” said Chairman and CEO Darren Woods. “Our
1PointFive and TD Securities Enter Direct Air Capture Carbon Removal Credits Deal
November 7, 2023
1PointFive and TD Securities entered into an agreement to purchase carbon dioxide removal (CDR) credits from STRATOS — 1PointFive’s first direct air capture (DAC) plant currently under construction in Texas. Under the terms of the agreement, and subject to STRATOS
Critics Warn that Biden’s Hydrogen Initiative Could Become Next Green Energy Boondoggle
November 7, 2023
Another spoke in President Joe Biden’s climate policy wheel is the production of hydrogen, which was referred to as a “key pillar of Bidenomics” in an announcement $7 billion in funding for hydrogen hubs across the country. Other troubled green
First Round of New North Sea Oil and Gas Licenses Awarded by UK Government
November 7, 2023
North Sea production received a significant boost on October 30 with the offer of 27 new licenses in areas prioritized because they have the potential to go into production more quickly than others. In addition to the 27 licenses, six
Offshore Wind Projects Face Economic Storm. Cancellations Jeopardize Biden Clean Energy Goals
November 7, 2023
The cancellation of two large offshore wind projects in New Jersey is the latest in a series of setbacks for the nascent U.S. offshore wind industry, jeopardizing the Biden administration’s goals of powering 10 million homes from towering ocean-based turbines
Gulf of Mexico Oil and Gas Lease Sale 261 Postponed Again, No New Dates Released
November 6, 2023
As a result of the order issued by the United States Court of Appeals for the Fifth Circuit on October 26, 2023, in Louisiana v. Haaland (Case No. 23-30666), the Bureau of Ocean Energy Management (BOEM) is postponing Lease Sale
Energy Transfer Completes Acquisition of Crestwood
November 6, 2023
Energy Transfer has completed its merger with Crestwood Equity Partners. The merger was approved by Crestwood unitholders on October 30, 2023. As a result of the acquisition, Energy Transfer now owns and operates more than 125,000 miles of pipelines and
U.S. Drillers Cut Oil and Gas Rigs to Lowest Since February 2022
November 6, 2023
U.S. energy firms last week cut the number of oil and natural gas rigs operating to their lowest since February 2022, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count,
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