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NEWS Click on text to read news by category: General | Product | People | Worldwide

Strata Clean Energy Breaks Ground on Battery Storage Project in Phoenix, Arizona

January 25, 2024

Strata Clean Energy celebrated a major milestone for its Scatter Wash battery storage complex in Phoenix, Arizona, with a groundbreaking that included executives from Strata, along with representatives from Arizona Public Service (APS), and other local dignitaries. The 255 MW

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Chevron to Put Its Natural Gas Business in Canada’s Duvernay Shale Up for Sale

January 24, 2024

Chevron on Friday said it will put its natural gas business in Canada’s Duvernay Shale for sale as it continues to streamline global operations following several big acquisitions. The assets, which produce about 40,000 barrels of oil and gas a

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BOEM Finalizes Revisions to Bid Adequacy Procedures for Oil & Gas Lease Sales

January 24, 2024

The Bureau of Ocean Energy Management (BOEM) released final revisions to its bid adequacy procedures in the Federal Register. These procedures ensure the American taxpayer receives fair market value from Outer Continental Shelf (OCS) oil and gas lease sales. BOEM

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Zayla Partners Acquires ECI Energy Compensation Survey

January 24, 2024

Executive compensation consulting firm Zayla Partners has acquired Effective Compensation Inc., a leading energy industry compensation survey company headquartered in Denver, Colorado. “ECI Owner & CEO, Terry Isselhardt, has developed the gold standard of quality compensation data & analytics for

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Sunoco to Acquire NuStar Energy for $7.3 Billion

January 23, 2024

Sunoco LP and NuStar Energy have entered into a definitive agreement where Sunoco will acquire NuStar in an all-equity transaction valued at approximately $7.3 billion, including assumed debt.  Under the terms of the agreement, NuStar common unitholders will receive 0.400

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ExxonMobil Files Lawsuit Against Investors’ Climate Proposal

January 23, 2024

ExxonMobil has filed a complaint in a Texas court seeking to prevent a climate proposal by activist investors from going to a vote during the company’s shareholder meeting in May. This is the first time Exxon is seeking to exclude

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Forest Service Withdraws Key Permit for Uinta Basin Railway

January 23, 2024

The proposed Uinta Basin Railway would stretch 88 miles along the Colorado River to connect Utah to the broader rail network, making it easier to get Utah’s waxy crude oil to refineries on the Gulf Coast and tripling the Uinta

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Calgary-based Total Energy Services to Acquire Saxon Energy Services Australia for $37 Million

January 19, 2024

Total Energy Services, through its wholly owned subsidiary Savanna Energy Services Australia, is set to acquire all the shares of Saxon Energy Services Australia for $37 million in cash. The Canadian energy services provider signed an agreement with Schlumberger (SLB),

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Shell to Divest Nigerian Subsidiary SPDC to Renaissance for $1.3 Billion

January 19, 2024

British oil and gas company Shell has agreed to sell its Nigerian onshore subsidiary Shell Petroleum Development Company of Nigeria (SPDC) to Renaissance Africa Energy for $1.3 billion. Renaissance is a consortium of four Nigeria-based oil and gas companies, including

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DOE Allocates $34 Million to Modernize Aging Power Grid

January 19, 2024

The U.S. Department of Energy (DOE) will allocate $34 million for 12 projects across 11 states to strengthen and modernize America’s aging power grid through the development of cost-effective, high-speed, and safe undergrounding technologies. Through the Grid Overhaul with Proactive,

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