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Babcock & Wilcox Sell Its Italian and Swedish Businesses for $40 Million
October 16, 2024
Babcock & Wilcox Enterprises has reached an agreement to sell its Italy-based SPIG group of companies and Sweden-based Babcock & Wilcox Vølund AB to funds managed by AUCTUS Capital Partners for approximately $40 million, subject to customary adjustments and expenses.
ExxonMobil Secures 271,000 Acres for Largest CO2 Offshore Storage Site, Texas
October 16, 2024
ExxonMobil has executed the largest offshore carbon dioxide (CO₂) storage lease in the U.S. with the Texas General Land Office (GLO). The more than 271,000-acre site complements the onshore CO₂ storage portfolio ExxonMobil is developing, and further solidifies the U.S.
Nabors Industries to Acquire Parker Wellbore for $370 Million
October 15, 2024
Nabors Industries Ltd. and Parker Wellbore have entered into a definitive agreement where Nabors will acquire all of Parker’s issued and outstanding common shares in exchange for 4.8 million shares of Nabors common stock, subject to a share price collar.
Pemex’s Deer Park Oil Refinery Scales Back Operations After Fatal Accident, Texas
October 15, 2024
Pemex’s Deer Park oil refinery near Houston will operate this weekend at a low level following a deadly chemical leak a couple days ago, Mexico’s national oil company said in a statement late on Friday. The state-owned oil company said
Permits Put on Hold for Kinder Morgan’s Pipeline to Fuel New Tennessee Gas Power Plant
October 15, 2024
A federal appeals panel has temporarily halted two permits needed to begin construction on a pipeline project in Tennessee that will supply a natural gas plant. In a split 2-1 decision, the 6th U.S. Circuit Court of Appeals panel delivered
Baker Hughes, Repsol to Develop Next Generation Digital Capabilities Through Leucipa™
October 15, 2024
Baker Hughes and Repsol entered into a new agreement to collaboratively develop and deploy next-generation artificial intelligence capabilities through the Leucipa™ automated field production solution. Through this strategic collaboration, AI-powered automation workflows will be developed and implemented throughout Repsol’s assets
Mining Connection Offices Will Be Closed Due to Hurricane Milton
October 8, 2024
Today, Tuesday October 8, we have mandatory evacuation orders. We will be prepping our offices this morning and leaving in the afternoon. Daily news posts will be scattered this week and back full time on Monday, October 14. We’ll be
Senator Barrasso Introduces Legislation to Enhance Carbon Capture Incentives, Energy Production
September 30, 2024
U.S. Senator John Barrasso (R-Wyo.) was joined by U.S. Senators James Lankford (R-Okla.) and Bill Cassidy (R-La.) in introducing legislation to enhance carbon capture incentives and energy production. The Enhanced Energy Recovery Act (S. 5212) would create parity under the
Sage Geosystems, California Resources Partner on Subsurface Energy Storage, Geothermal Power
September 27, 2024
Sage Geosystems and California Resources Corporation (CRC) have signed a memorandum of understanding (MOU) to establish a collaborative framework for pursuing commercial projects and joint funding opportunities related to subsurface energy storage and geothermal power generation in California. This strategic
Kimmeridge and Commonwealth LNG Sign Natgas, LNG Agreement with Glencore
September 27, 2024
Kimmeridge Texas Gas (KTG) and Commonwealth LNG have entered into a heads of terms agreement with Glencore forming a strategic natural gas and LNG partnership. Under the terms of the agreement, Glencore will purchase 2 million tonnes per annum of
