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Trump Freezes Energy Department Spending, Loans
January 27, 2025
The Trump administration has halted spending, loans and other actions at the Energy Department as part of a “comprehensive review” to ensure they align with the president’s priorities, according to a memo from the agency’s acting secretary seen by Bloomberg.
Shell Completes Acquisition of RISEC’s Combined-cycle Power Plant, Rhode Island
January 27, 2025
Shell Energy North America (SENA), a subsidiary of Shell, has completed the 100 percent equity stake acquisition of RISEC, which owns a 609-megawatt (MW) two-unit combined-cycle gas turbine power plant in Rhode Island, USA. This acquisition maintains SENA’s position in
Trump Orders NEPA Changes, Faster Energy Project Permits
January 27, 2025
President Donald Trump took steps to cut back the White House’s National Environmental Policy Act rulemaking powers and to speed up permits for energy infrastructure projects powered by oil, gas, nuclear, coal, hydropower and biofuel, as well as efforts to
FourPoint Resources Closes $2 Billion Acquisition of Ovintiv’s Uinta Basin Assets
January 24, 2025
Ovintiv has closed on the sale of all its Uinta assets, located in Utah, to FourPoint Resources for approximately $2 billion. In December 2024, FourPoint Resources, together with their partners Quantum Capital Group and Kayne Anderson signed the purchase and
Independence Contract Drilling Emerges from Chapter 11 Bankruptcy
January 24, 2025
Independence Contract Drilling (ICD) has successfully completed its Chapter 11 restructuring process and has emerged as a private company that is financially and operationally stronger and well-positioned for the future. ICD’s plan of reorganization was confirmed by the Bankruptcy Court
TransMontaigne Partners to Sell Two Terminal Facilities in Miami and Virginia for $211 Million
January 24, 2025
TransMontaigne Partners has signed agreements to divest its terminal facilities in Fisher Island, Miami, and Fairfax, Virginia. The Fisher Island terminal, boasting an active capacity of approximately 700,000 barrels for marine fuels, is slated for sale at an estimated price
Bedrock Raises $12 Million in Funding to Advance Geothermal Technology
January 24, 2025
Startup company Bedrock Energy has secured $12 million series A led by Titanium Ventures. Energy Impact Partners, and Sustainable Future Ventures joined alongside existing investors Wireframe Ventures, Overture Ventures, Toba Capital, Elemental Impact, First Star Ventures, and Cantos. The funding
Former Pioneer Natural Resources CEO Scott Sheffield Sues FTC for Banning Him from Exxon Board
January 24, 2025
Former Pioneer Natural Resources CEO Scott Sheffield sued the U.S. Federal Trade Commission on Tuesday, saying it violated the law by barring his inclusion on Exxon Mobil’s opens new tab board when the company acquired Pioneer in a deal worth
Shell Adds Two Members to Its Executive Committee
January 24, 2025
Downstream, Renewables and Energy Solutions Director, Huibert Vigeveno, and a member of the executive committee since January 2020, will step down after 30 years of distinguished service, effective March 31, 2025, to pursue other opportunities. “I am grateful to Huibert
W.Va. State Leaders Praise President Trump’s Executive Order to Unleash American Energy
January 22, 2025
Many of West Virginia’s state leaders congratulated President Trump on one executive order in particular Tuesday. Governor Patrick Morrisey, Senator Jim Justice, and Senator Shelley Moore Capito all released statements after Trump signed the executive order to ‘Unleash American Energy.’
