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Chevron to Cut 575 Jobs at Houston Offices After Hess Acquisition
July 24, 2025
The Houston-based energy giant Chevron will lay off 575 employees from the Downtown Hess Tower following its $53 billion acquisition of Hess Corp., according to the company. The company disclosed the layoffs — the second round of layoffs announced in
Sandbridge Energy Appoints Brett Icahn to Board of Directors
July 23, 2025
SandRidge Energy has appointed Brett Icahn to its board of directors effective August 1, 2025, increasing the board size to six members. “We are so pleased to welcome Brett Icahn to our board of directors. His appointment reflects the strong
FERC Revises NEPA Procedures to Make Permitting More Efficient
July 22, 2025
FERC voted unanimously to revise its regulations on the implementation of the National Environmental Policy Act (NEPA) and issued a staff manual outlining the revised procedures. This effort was directed by President Trump’s Unleashing American Energy executive order 14154 issued
DOI Revises Guidelines to Speed Up Plugging of Orphaned Oil and Gas Wells
July 22, 2025
The Department of the Interior has updated its guidelines for states applying to federal programs aimed at cleaning up abandoned oil and gas wells. The revised guidance updates two federal grant programs, the $780 million Orphaned Wells State Matching Grant
Teverra Awarded State Grant to Power Rico’s Future with Geothermal Heat, Colorado
July 22, 2025
Teverra has been awarded a $200,000 grant from the Colorado Energy Office as part of the final round of the state’s nation-leading Geothermal Energy Grant Program. The grant, among the largest private-sector awards in this round, will support the development
DOI Ends Preferential Treatment for Unreliable, Subsidy-Dependent Wind and Solar Energy
July 22, 2025
In line with President Donald J. Trump’s energy dominance agenda, the Department of the Interior is ending preferential treatment for unreliable, subsidy-dependent wind and solar energy. The move follows the signing of executive order 14315 — Ending Market Distorting Subsidies
LS Power to Acquire bp’s U.S. Onshore Wind Business
July 21, 2025
LS Power has entered into a definitive agreement to acquire bp’s U.S. onshore wind business, bp Wind Energy North America. The acquisition comprises of ~1,700 MW gross / ~1,300 MW net ownership of operating onshore wind capacity across 10 projects.
Chevron Completes Acquisition of Hess Corporation
July 18, 2025
Chevron Corporation has completed its acquisition of Hess Corporation following the satisfaction of all necessary closing conditions, including a favorable arbitration outcome regarding Hess’ offshore Guyana asset. The combined company has one of the most advantaged and differentiated portfolios in
SLB Completes $7.7 Billion Acquisition of ChampionX
July 18, 2025
SLB has closed its acquisition of ChampionX Corporation. Under the terms of the agreement, ChampionX shareholders received 0.735 shares of SLB common stock in exchange for each ChampionX share. With the closing of the transaction, former ChampionX shareholders now own
Trump Unveils $90 Billion in AI and Energy Deals at Pennsylvania Energy and Innovation Summit
July 17, 2025
At the first Pennsylvania Energy and Innovation Summit, President Donald Trump announced more than $90 billion in private sector investments aimed at transforming the state into a major hub for artificial intelligence, energy, and technology infrastructure. The initiative includes major
