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Cenovus Energy Releases 2024 Budget
December 21, 2023
Cenovus Energy has released its 2024 budget, delivering disciplined capital investment and balancing growth of the company’s base business with meaningful shareholder returns. Continuing with the growth plan embarked on in 2023, Cenovus expects to invest capital of between $4.5
Halliburton Labs Welcomes Seven New Companies to Advance Energy and Climate Innovation
December 21, 2023
Halliburton Labs said Airovation Technologies, Ayrton Energy, Cache Energy, CENS, Disa Technologies, Marel Power Solutions, and XtraLit are the newest participants in its collaborative environment. This is part of Halliburton Labs’ ambition to advance energy and climate innovation and help
NERC Releases 2023 Long-Term Reliability Assessment, Transmission Hurdles Impact Future Reliability
December 21, 2023
Sharp increases in peak demand forecasts and the potential for higher generator retirements are raising concerns for electric reliability over the next ten years. NERC’s 2023 Long-Term Reliability Assessment (LTRA) finds that industry faces mounting pressure to keep pace with
NMA: Grid Authority Issues Alarming Wakeup Call on U.S. Electric Reliability Crisis
December 21, 2023
National Mining Association (NMA) president and CEO Rich Nolan issued the following statement on the release of the North American Electric Reliability Corp.’s (NERC) 2023 Long-term Reliability Assessment. “NERC’s latest assessment shows that the nation’s grid reliability has never been
EPA Awards $600 Million to 11 Grantmakers for Environmental Justice Projects
December 21, 2023
The EPA has awarded $600 million for 11 selected Grantmakers under EPA’s Environmental Justice Thriving Communities Grantmaking program. This is the largest investment in climate action in history. This new grant program, which will make it easier for small community-based
Nippon Steel to Acquire U.S. Steel for $14.9 Billion
December 20, 2023
Nippon Steel Corporation (NSC) and United States Steel Corporation have entered into a definitive agreement to which NSC will acquire U.S. Steel in an all-cash transaction at $55.00 per share, representing an equity value of approximately $14.1 billion plus the
Exolum to Acquire 50% Stake of Moda Midstream’s NGL Storage Terminal, Texas
December 20, 2023
Exolum has entered into a definitive agreement to acquire a 50 percent interest in Vopak Moda Houston, an ammonia storage, import, and export terminal located on the Houston Ship Channel, from Moda Midstream. Terms of the transaction were not disclosed.
DOE Awards Up to $890 Million for Carbon Capture Projects at Gas and Coal Plants
December 20, 2023
The U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) will allocate up to $890 million in funding for three projects to demonstrate technologies designed to capture, transport, and store carbon emissions. The three projects — located in
BP Halts Oil and Gas Shipments through Red Sea After Attacks By Houthi Rebels
December 19, 2023
BP has halted all shipments of oil and gas through the Red Sea after an increase in attacks on cargo ships by Houthi militants in Yemen, including two further strikes on Monday. The British oil major said it had paused
Pembina to Acquire Enbridge Pipeline, NGL Assets for $2.29 Billion
December 19, 2023
Enbridge has entered into a definitive agreement to sell its 50 percent interest in Alliance Pipeline and its 42.7 percent interest in Aux Sable to Pembina Pipeline Corporation for a purchase price of $3.1 billion, including non-recourse debt at Alliance
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