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CERAWeek: What Big Oil Thinks of the Climate Law
March 9, 2023
The enactment of sweeping U.S. climate change legislation may be pivotal for early-stage technologies like low-carbon hydrogen, but an arduous permitting process and other challenges could stunt their progress, oil and gas executives said Tuesday. The Inflation Reduction Act —
Legacy Reserves Completes Rebranding as Revenir Energy
March 9, 2023
Legacy Reserves Inc., a leading independent oil and gas company, has completed its rebranding as Revenir Energy Inc. The decision to rebrand brings internal and external stakeholders together under a new banner reflecting the strategic evolution of the company and
Major Petroleum Engineering Schools Expand CCUS Programs
March 9, 2023
As interest in carbon capture, utilization and storage (CCUS) continues to grow around the world, so does the need for qualified professionals with skills specific to that field. As a response, several of the major petroleum engineering and geology programs
Carrier Energy Partners Sells Its Eagle Ford Assets for $145 Million
March 8, 2023
Carrier Energy Partners has closed on the sale of its oil and gas assets in the Eagle Ford Shale in South Texas. Carrier sold its non-operated working interest in Karnes County to an undisclosed buyer across two transactions for total
Baker Hughes and HIF Global to Collaborate on Direct Air Capture Technology
March 8, 2023
Baker Hughes and HIF Global have entered into an agreement to cooperate on the development of technology to capture carbon dioxide directly from the atmosphere (DAC). More specifically, HIF Global and Baker Hughes intend to test Baker Hughes’ Mosaic DAC
Port of Corpus Christi Awarded $16.4 Million in CarbonSAFE Grants from DOE
March 8, 2023
The Port of Corpus Christi was awarded $16.4 million through the U.S. Department of Energy’s Carbon Storage Assurance Facility Enterprise (CarbonSAFE) initiative to evaluate the technical and economic feasibility of permanently storing captured carbon dioxide (CO2) from industrial operations. The
Ideanomics Subsidiary US Hybrid, Mi-Jack to Develop Hydrogen Powered Rubber Tire Gantry Crane
March 8, 2023
Ideanomics said its subsidiary US Hybrid has been selected by Mi-Jack to convert a rubber tire gantry (RTG) crane from fossil diesel to hydrogen powered. “For our exceptional engineers at US Hybrid, this is a dream project. They get to
Ryerson Acquires BLP Holdings
March 8, 2023
Ryerson Holding Corporation has acquired BLP Holdings. BLP is comprised of three divisions based out of Houston, Texas: absolute metal products, metal cutting specialists, and houston water jet. Serving industries including oil and gas, aerospace, telecommunications, and structural fabrication, the
RESA Power Expands Its Capabilities in Canada with Exell Acquisition
March 7, 2023
RESA Power has acquired Exell Power Services, Ltd. Based in Surrey, British Columbia, Exell has been offering professional services for low, medium, and high-voltage electrical installations since 2005. By providing field services, custom manufacturing, testing, and engineering services throughout Western
Vistra to Merge with Nuclear Power Producer Energy Harbor in $3.43 Billion Deal
March 7, 2023
Vistra Corp. has executed a definitive agreement with Energy Harbor to which Energy Harbor will merge with and into a newly-formed subsidiary of Vistra. The transaction will combine Energy Harbor’s nuclear and retail businesses with Vistra’s nuclear and retail businesses
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