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Treasury, IRS Issue Guidance on Tax Credit for Production of Clean Hydrogen
December 28, 2023
The Treasury Department and Internal Revenue Service has issued proposed regulations for the tax credit for the production of clean hydrogen. The Inflation Reduction Act (IRA) of 2022 provides a production credit for each kilogram of qualified clean hydrogen produced
Talos Energy Named High Bidder for 13 Deepwater Blocks in the U.S. Gulf of Mexico
December 27, 2023
Talos Energy said it was named as the apparent high bidder on 13 deepwater blocks comprising approximately 74,000 gross acres (approximately 48,000 net acres) in the U.S. Gulf of Mexico Outer Continental Shelf Federal Lease Sale 261 held by the
DT Midstream Completes Phase 2 LEAP Expansion, Readies for January Service
December 27, 2023
DT Midstream said its Phase 2 LEAP expansion has been completed early. The 400 MMcf/d expansion is now expected to be available for firm service on January 1, 2024. The Phase 2 expansion follows the successful Phase 1 expansion that
Canada Energy Regulator Denies Trans Mountain Variance Due to Pipeline Integrity
December 27, 2023
The Canada Energy Regulator said it denied a variance request from the Trans Mountain expansion project because the application did not adequately address concerns about pipeline integrity and environmental protection impacts. Trans Mountain had asked to be allowed to install
Cenovus Energy Releases 2024 Budget
December 21, 2023
Cenovus Energy has released its 2024 budget, delivering disciplined capital investment and balancing growth of the company’s base business with meaningful shareholder returns. Continuing with the growth plan embarked on in 2023, Cenovus expects to invest capital of between $4.5
Halliburton Labs Welcomes Seven New Companies to Advance Energy and Climate Innovation
December 21, 2023
Halliburton Labs said Airovation Technologies, Ayrton Energy, Cache Energy, CENS, Disa Technologies, Marel Power Solutions, and XtraLit are the newest participants in its collaborative environment. This is part of Halliburton Labs’ ambition to advance energy and climate innovation and help
NERC Releases 2023 Long-Term Reliability Assessment, Transmission Hurdles Impact Future Reliability
December 21, 2023
Sharp increases in peak demand forecasts and the potential for higher generator retirements are raising concerns for electric reliability over the next ten years. NERC’s 2023 Long-Term Reliability Assessment (LTRA) finds that industry faces mounting pressure to keep pace with
NMA: Grid Authority Issues Alarming Wakeup Call on U.S. Electric Reliability Crisis
December 21, 2023
National Mining Association (NMA) president and CEO Rich Nolan issued the following statement on the release of the North American Electric Reliability Corp.’s (NERC) 2023 Long-term Reliability Assessment. “NERC’s latest assessment shows that the nation’s grid reliability has never been
EPA Awards $600 Million to 11 Grantmakers for Environmental Justice Projects
December 21, 2023
The EPA has awarded $600 million for 11 selected Grantmakers under EPA’s Environmental Justice Thriving Communities Grantmaking program. This is the largest investment in climate action in history. This new grant program, which will make it easier for small community-based
Nippon Steel to Acquire U.S. Steel for $14.9 Billion
December 20, 2023
Nippon Steel Corporation (NSC) and United States Steel Corporation have entered into a definitive agreement to which NSC will acquire U.S. Steel in an all-cash transaction at $55.00 per share, representing an equity value of approximately $14.1 billion plus the
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