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Fervo Energy Secures $255 Million in Funding for Geothermal Projects
December 30, 2024
Fervo Energy has secured $255 million in new funding and capital availability as it continues to build the world’s largest enhanced geothermal systems (EGS) power development. The funding comprises both opportunistic corporate equity and new debt financing. Capricorn’s Technology Impact
Ormat Technologies Secures Land Parcels in Utah BLM Auction to Advance Future Geothermal Development
December 30, 2024
Ormat Technologies has successfully secured 1,678 acres in Utah’s Bureau of Land Management (BLM) auction. These lease acquisitions will significantly support Ormat’s ongoing operations and development projects in the state, further strengthening the company’s commitment to advancing renewable energy solutions
FERC Approves ALLETE’s $6.2 Billion Sale to Canada Pension Plan, Global Infrastructure Partners
December 27, 2024
ALLETE said the Federal Energy Regulatory Commission (FERC) approved the company’s proposed transaction with Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP). “FERC’s approval of ALLETE’s proposed transaction with CPP Investments and GIP marks an important
Matador’s Stake in San Mateo JV Rises to $1.5 Billion After Pipeline Deal
December 27, 2024
Matador Resources has closed on its agreement where Matador contributed Pronto Midstream, Matador’s wholly-owned midstream subsidiary, to San Mateo Midstream for a total implied pre-closing valuation of Pronto of approximately $600 million. Upon completion of the transaction, San Mateo has
Energy Transfer Enters 20-year SPA with Chevron from Its Lake Charles LNG Project, Louisiana
December 27, 2024
Energy Transfer has entered into a 20-year LNG sale and purchase agreement (SPA) with Chevron U.S.A. related to its Lake Charles LNG project. Under the SPA, Energy Transfer LNG will supply 2 million tonnes of LNG per annum (mtpa) to
Surge Energy Closes on $9.5 Million Sale of Non-Core Assets in Alberta, Canada
December 23, 2024
Surge Energy has completed the sale of its gas weighted non-core assets in the Valhalla area of Alberta for cash proceeds of $9.5 million. Additionally, the purchaser has assumed all future abandonment and reclamation obligations (ARO) pertaining to the non-core
DOE Launches $500 Million Funding Opp to Build Safe, Reliable National Carbon Transport Network
December 23, 2024
The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) said it is re-opening a funding opportunity to make up to $500 million available for projects that will help expand carbon dioxide (CO₂) transportation infrastructure across
Shell, Chevron Take FID on Phase 3 of Silvertip Frio Project, U.S. Gulf of Mexico
December 23, 2024
Shell Offshore, a subsidiary of Shell, has made a final investment decision (FID) on the phase 3 Silvertip project, which will deliver two wells to boost production at the Shell-operated Perdido spar in the U.S. Gulf of Mexico (GoM). These
DOE and EPA Allocate $850 Million to Reduce Methane from the Oil and Gas Sector
December 23, 2024
The U.S. Department of Energy (DOE) and the U.S. Environmental Protection Agency (EPA) have allocated approximately $850 million for 43 projects selected for negotiation that will help small oil and gas operators, Tribes, and other entities across the country to
FourPoint Resources to Acquire Ovintiv’s Uinta Basin Assets for $2 Billion
December 23, 2024
FourPoint Resources, together with their partners Quantum Capital Group and Kayne Anderson, have signed a purchase and sale agreement to acquire Ovintiv’s Uinta Basin assets for a purchase price of $2 billion in cash. The asset includes 126,000 net acres
