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Talos Energy, Chevron, and Carbonvert Expand Bayou Bend Carbon Capture Project, Texas
March 7, 2023
Bayou Bend CCS, a carbon capture and sequestration project located along the Texas Gulf Coast, will expand its carbon dioxide storage footprint through the acquisition of nearly 100,000 acres onshore in Chambers and Jefferson Counties, Texas. The increased acreage positions
DOE Releases Guidance for Second Award Cycle of $6 Billion Civil Nuclear Credits Program
March 7, 2023
The U.S. Department of Energy (DOE) has released application guidance for the second award cycle of the Civil Nuclear Credit (CNC) Program (BIL provision 40323), a $6 billion investment made possible by the Bipartisan Infrastructure Law to prevent the premature
1PointFive to Develop a Carbon Capture and Sequestration Hub in Southeast Texas
March 7, 2023
1PointFive, a carbon capture, utilization and sequestration company, has leased through an affiliate, more than 55,000 acres along the Texas Gulf Coast, to develop a carbon capture and sequestration hub with the capacity to hold approximately 1.2 billion metric tons
Riley Permian, Conduit Power Form JV to Build Power Infrastructure Using Captured Flared Natural Gas
March 6, 2023
Riley Exploration Permian and Conduit Power, a portfolio company of Grey Rock Investment Partners, have entered into definitive agreements to form a joint venture that will own and operate on-site power generation utilizing captured flared natural gas to power Riley
Aramco Completes $2.65 Billion Acquisition of Valvoline’s Global Products Business
March 6, 2023
Aramco has completed the acquisition of the Valvoline global products business for $2.65 billion, through one of its wholly-owned subsidiaries. With this acquisition, Aramco accelerates its aim to become one of the world’s preeminent integrated, branded lubricants players. Aramco will
Biden Administration Pledges $1.2 Billion to Extend Life of Distressed Nuclear Power Plants
March 6, 2023
The Biden administration said on Thursday it is offering a fresh round of $1.2 billion in aid to extend the life of distressed nuclear power plants which, for the first time, could offer funding to a plant that has recently
Tidewater Publishes Its 2022 Sustainability Report
March 6, 2023
Tidewater Inc., a leading owner and operator of offshore support vessels providing offshore energy transportation services worldwide, has published the company’s 2022 Sustainability Report. This report is Tidewater’s third annual comprehensive and stand-alone sustainability report. The report presents the environmental,
Cheniere Initiates Permitting Process for Sabine Pass Expansion Project, Louisiana
March 3, 2023
Cheniere Energy Partners, a subsidiary of Cheniere Energy, have initiated the pre-filing review process under the National Environmental Policy Act with the Federal Energy Regulatory Commission (FERC) for the proposed Sabine Pass Stage 5 Expansion Project adjacent to the existing
Excelerate Energy and Venture Global Execute 20-year LNG Sales and Purchase Agreement
March 3, 2023
Excelerate Energy and Venture Global LNG have executed a 20-year LNG sales and purchase agreement (SPA). Under the SPA, Excelerate will purchase 0.7 million tonnes per annum (MTPA) of liquefied natural gas (LNG) on a free on board (FOB) basis
Equinor Agrees to Acquire Suncor Energy UK for $850 Million
March 3, 2023
Norway’s Equinor agreed to buy Suncor Energy UK Ltd. for $850 million, adding to its oil and gas production in the North Sea as Europe races to replace Russian supplies. Since Moscow’s invasion of Ukraine a year ago, Equinor’s importance
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