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Exolum to Acquire 50% Stake of Moda Midstream’s NGL Storage Terminal, Texas

December 20, 2023

Exolum has entered into a definitive agreement to acquire a 50 percent interest in Vopak Moda Houston, an ammonia storage, import, and export terminal located on the Houston Ship Channel, from Moda Midstream. Terms of the transaction were not disclosed.

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DOE Awards Up to $890 Million for Carbon Capture Projects at Gas and Coal Plants

December 20, 2023

The U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) will allocate up to $890 million in funding for three projects to demonstrate technologies designed to capture, transport, and store carbon emissions. The three projects — located in

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BP Halts Oil and Gas Shipments through Red Sea After Attacks By Houthi Rebels

December 19, 2023

BP has halted all shipments of oil and gas through the Red Sea after an increase in attacks on cargo ships by Houthi militants in Yemen, including two further strikes on Monday. The British oil major said it had paused

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Pembina to Acquire Enbridge Pipeline, NGL Assets for $2.29 Billion

December 19, 2023

Enbridge has entered into a definitive agreement to sell its 50 percent interest in Alliance Pipeline and its 42.7 percent interest in Aux Sable to Pembina Pipeline Corporation for a purchase price of $3.1 billion, including non-recourse debt at Alliance

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TotalEnergies Expands its Presence in Suriname with New Offshore Exploration License

December 19, 2023

TotalEnergies and its partners QatarEnergy and Petronas have signed a production sharing contract for Block 64 with Staatsolie Maatschappij Suriname (Staatsolie), the state-owned oil company of Suriname. Block 64 was awarded to TotalEnergies and its partners in the bid round

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Tokyo Gas Unit, TG Natural Resources, to Acquire Rockcliff Energy for $2.7 Billion

December 18, 2023

Rockcliff Energy, a portfolio company of Quantum Energy Partners, entered into into a definitive agreement with TG Natural Resources (TGNR), in which TGNR will acquire 100 percent of the membership interests in Rockcliff for $ 2.7 billion. Rockcliff is a

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CNX Releases Update on Hydrogen Project Location and 45V Hydrogen Production Tax Credit Rules

December 18, 2023

Citing delays and increasing uncertainty over implementation rules guiding the use of the 45V hydrogen production tax credit provisions of the Inflation Reduction Act (IRA) and an inability to reach final commercial terms with project developers, CNX Resources Corporation said

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Warren Buffett’s Berkshire Hathaway Snaps Up Nearly $600 Million of Occidental Stock

December 18, 2023

Warren Buffett’s Berkshire Hathaway poured nearly $600 million into Occidental Petroleum during the first three days of last week. The stock purchases signal the famed investor approves of the energy company’s pending acquisition, and suggest he sees fresh value in

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U.S. Drillers Cut Oil and Gas Rigs for First Time in Five Weeks

December 18, 2023

U.S. energy firms last week cut the number of oil and natural gas rigs operating for the first time in five weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig

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Tokyo Gas Unit, TG Natural Resources, to Acquire Rockcliff Energy for $2.7 Billion

December 17, 2023

Rockcliff Energy, a portfolio company of Quantum Energy Partners, entered into into a definitive agreement with TG Natural Resources (TGNR), in which TGNR will acquire 100 percent of the membership interests in Rockcliff for $ 2.7 billion. Rockcliff is a

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