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NextEra Energy Transmission to Acquire Affiliates of Blackstone for $660 Million
October 28, 2020
NextEra Energy Transmission, a subsidiary of NextEra Energy, has entered into definitive agreements with affiliates of Blackstone to acquire GridLiance Holdco and GridLiance for approximately $660 million. “GridLiance partners with electric cooperatives and public power utilities to enhance transmission system
B&W Thermal to Refurbish North American Power Plant to Maintain Efficiency and Performance
October 28, 2020
Babcock & Wilcox said its B&W Thermal segment will perform boiler maintenance and refurbish a bottom ash system for a power plant in North America. The contract is valued at more than $7 million and was awarded to B&W’s subsidiary,
C-Innovation Acquires Caltex Oil Tools to Expand Capabilities
October 28, 2020
C-Innovation, an affiliate of Edison Chouest Offshore and its family of companies, has acquired the controlling interest in Caltex Oil Tools, a solution-focused company providing equipment rentals, services and customized engineering capabilities to the offshore industry. Headquartered in Houston and
Cenovus Energy to Acquire Husky Energy for $2.9 Billion
October 27, 2020
Cenovus Energy announced Oct. 25 it will acquire Husky Energy for $2.9 billion in an all-stock deal to combine their operations and create Canada’s third-largest oil and natural gas producer with output of about 750,000 boe/d as the merger wave
EQT Looks to Sell Mountain Valley Pipeline Capacity as Construction Gets Ready to Begin
October 27, 2020
The chief financial officer for EQT Corp. announced Thursday that the Pittsburgh-based natural gas producer is in discussions to offload some or all of its Mountain Valley Pipeline capacity. The 303-mile natural gas pipeline from Northwestern West Virginia to Southern
Natural Gas Plants Produce More Electricity than Any Other Source
October 27, 2020
Natural gas-fired generators accounted for 43 percent of operating electricity generating capacity in the United States in 2019, according to the U.S. Energy Information Administration (EIA). The generators provided 39 percent of electricity generation in 2019, and this is more
State Leaders and Industry Push to Export Utah’s Natural Gas to Asia
October 27, 2020
A decade ago, energy companies built a natural gas storage facility on Mexico’s Baja California coast to receive imported liquefied gas by ship and gasify it for distribution around northern Mexico. That plan didn’t pan out, but under a new
Texas Governor Abbott Responds After Biden Calls for Transition From Oil
October 27, 2020
Democrat Joe Biden’s debate remarks that he would “transition” away from the oil industry in favor of renewable energy sources drew quick attention Thursday from President Donald Trump, who saw it as a boon to his chances in key states.
U.S. House Members Launch Bipartisan Congressional Energy Export Caucus
October 27, 2020
Rep. Carol Miller, R-W.Va., is part of a bipartisan group of U.S. House members spearheading an initiative to maximize energy exports, including coal. Called the Congressional Energy Export Caucus, Miller, along with Representatives Henry Cuellar, D-Texas, Jodey Arrington, R-Texas, and
Chaparral Energy Emerges from Bankruptcy as Private Operator
October 23, 2020
Chaparral Energy has successfully completed its financial restructuring and emerged from Chapter 11 as a private, non-SEC filing company. Through the efficient execution of its pre-packaged plan of reorganization, the company has equitized all $300 million of its unsecured 8.75
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