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NOLA Oil Terminal Starts Construction on $930 Million Mississippi River Wharf Project, Louisiana
December 9, 2021
NOLA Oil Terminal has begun construction on phase one of an oil and refined products terminal project in Plaquemines Parish. The facility occupies 158 acres located at Mile Marker 59 on the lower Mississippi River. The $300 million wharf and
Woodside Expands Hydrogen Portfolio in U.S., Secures Land in Oklahoma for Future Development
December 9, 2021
Australian energy producer Woodside has announced plans to expand its portfolio of hydrogen production opportunities to the U.S., securing land in Oklahoma for future development of a modular hydrogen facility and entering a memorandum of understanding (MoU) with Hyzon Motors.
BayoTech to Build Efficient Hydrogen Production Facility, New Mexico
December 9, 2021
BayoTech has officially unveiled an agreement with New Mexico Gas Company to deploy a new highly efficient hydrogen production facility that will be situated in Albuquerque. The BayoTech-owned BayoGaaS Hydrogen Hub will be a pilot project that demonstrates the safe
DOE Awards $35 Million for Technologies to Reduce Methane Emissions for Coal, Oil & Gas
December 8, 2021
The U.S. Department of Energy (DOE) announced $35 million in funding for twelve projects focused on developing technologies to reduce methane emissions in the oil, gas, and coal industries. DOE’s Advanced Research Projects Agency–Energy (ARPA-E) Reducing Emissions of Methane Every
Lee Specialties, Nexus Energy Merge to Create Energy Equipment Manufacturer, NXL Technologies
December 8, 2021
Lee Specialties and Nexus Energy Technologies have merged. The combined company, NXL Technologies, will create the leading global wireline and coiled tubing pressure control equipment manufacturer, providing sales, rental, service, and repair of proprietary blowout preventers, remote well connection devices,
ExxonMobil Plans for Net Zero Emissions in Permian Basin Operations by 2030
December 8, 2021
ExxonMobil said today it plans to achieve net zero greenhouse gas emissions from operated assets in the U.S. Permian Basin by 2030, accelerating and expanding its emission-reduction plans for unconventional operations in New Mexico and Texas. The plans are part
Chevron Releases $15 Billion Capital and Exploratory Budget for 2022
December 8, 2021
Chevron Corporation released its 2022 organic capital and exploratory spending program of $15 billion, at the low end of its $15 to $17 billion guidance range and up more than 20 percent from 2021 expected levels. This capital program supports
Elysian Carbon Management Secures Initial $350 Million Capital Commitment from EnCap
December 7, 2021
Elysian Carbon Management has secured an initial capital commitment of $350 million from EnCap Flatrock Midstream (EFM). Elysian provides integrated end-to-end carbon capture and storage (CCS) solutions to owners of industrial and power facilities seeking to transition to low carbon
Strike Files for Bankruptcy, To Sell Assets to Stalking Horse Bidder American Industrial Partners
December 7, 2021
Strike has entered into an asset purchase agreement with affiliates of American Industrial Partners, (AIP), the company’s largest debtholder, to which AIP will acquire substantially all of the company’s assets. To facilitate the transaction process, the company filed voluntary petitions
Energy Transfer Completes Acquisition of Enable Midstream
December 6, 2021
Dallas-based Energy Transfer and Oklahoma City-based Enable Midstream Partners have completed their previously announced merger. The terms of agreement were approved earlier this year by Enable’s two largest unitholders, CenterPoint Energy (CNP) and OGE Energy (OGE), which together owned approximately
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