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BW LPG Acquires Very Large Gas Carriers from Avance Gas for $1 Billion
August 20, 2024
BW LPG Limited has entered into agreements to acquire 12 modern Very Large Gas Carriers (VLGCs) from Avance Gas Holdings Ltd. The acquisition fleet comprises four 91K CBM dual fuel VLGCs, of which two are 2022-built and two are 2023-built,
DOE Allocates $10 Million for Innovative Climate Resilience Centers
August 20, 2024
To support vulnerable communities responding to continued and extreme climate effects, the Department of Energy (DOE) has allocated $10 million in funding for innovative Climate Resilience Centers (CRCs) in 10 different states. University-led research teams will leverage the world class
Diversified Energy Completes $106M Acquisition of Crescent Pass Energy’s Natural Gas Assets
August 19, 2024
Diversified Energy has closed the $106 million acquisition of natural gas properties and related facilities in eastern Texas from Crescent Pass Energy. “We are excited to announce the completion of another attractively priced acquisition of Central Region assets, which stands
TC Energy Completes $1.14 Billion Sale of Portland Natural Gas Transmission System
August 19, 2024
TC Energy and its partner Northern New England Investment Company, a subsidiary of Énergir, have completed the sale of Portland Natural Gas Transmission System (PNGTS). The gross purchase price of $1.14 billion includes $250 million of outstanding senior notes held
Brazos Completes Significant Milestone Projects, New-build Pipelines and Processing Facilities
August 19, 2024
Brazos Midstream said it has completed several significant milestone projects consisting of major new-build pipelines and processing facilities located in the core of the Midland Basin. “These expansion projects are a testament to our continued commitment to build high-quality assets
Aug. 16: U.S. Drillers Cut Oil and Gas Rigs for Second Time in Three Weeks
August 19, 2024
U.S. energy firms this week cuts oil and natural gas rigs for the second time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator
NextEra Energy Appoints Geoffrey Martha to Board of Directors
August 19, 2024
NextEra Energy has appointed Geoffrey Martha to its board of directors. “We’re pleased to welcome Geoff to the NextEra Energy board of directors. With extensive finance and business expertise, Geoff brings to our board a proven track record as a
Honeywell to Acquire Air Products’ LNG Business for $1.8 Billion
August 16, 2024
Honeywell has agreed to acquire Air Products’ liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in an all-cash transaction. As a result of the acquisition, Honeywell will be able to offer customers a comprehensive, top-tier solution
ONEOK to Expand Pipeline Capacity Connecting Mid-Continent and Gulf Coast Refined Products Supply
August 16, 2024
ONEOK, Inc. said it plans to expand its pipeline capacity connecting Mid-Continent and Gulf Coast refined products supply with the greater Denver area to meet growing demand and increase connectivity with Denver International Airport (DIA). The project includes construction of
SK Innovation and SK E&S to Merge, Create $72 Billion Asset Energy Company
August 16, 2024
South Korean oil refining company SK Innovation and energy affiliate SK E&S have agreed to merge their operations, forming an energy company with assets totaling $72.5 billion. This move is said to position the combined entity as the largest private
