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Nucor and Helion to Develop Historic 500 MW Fusion Power Plant, Nucor to Invest $35 Million
October 2, 2023
Nucor Corporation has entered into a collaboration with fusion power company, Helion to develop a 500 MW fusion power plant. This transformational project will offer baseload zero-carbon electricity from fusion directly to a Nucor steelmaking facility. Nucor and Helion are
ONEOK Completes Acquisition of Magellan Midstream Partners
September 29, 2023
ONEOK has completed its acquisition of Magellan Midstream Partners, creating a more diversified North American midstream infrastructure company focused on delivering essential energy products and services to its customers, and continued strong returns to investors. The transaction was approved by
Pipestone Energy Approves Arrangement with Strathcona Resources to Create New Canadian Energy Leader
September 29, 2023
Pipestone Energy said the company’s shareholders have voted to approve the arrangement with Strathcona Resources Ltd., which will see Pipestone combined with Strathcona to create one of Canada’s largest energy producers. Upon closing, Strathcona and Pipestone will be amalgamated to
QatarEnergy Signs $3.9 Billion Deal with Hyundai Heavy Industries for LNG Carriers
September 29, 2023
QatarEnergy has entered into a contract with Hyundai Heavy Industries (HHI) for the construction of 17 liquefied natural gas (LNG) carriers, in a deal valued at $3.9 billion (QAR$14.2 billion). The agreement with the South Korean shipbuilding company signifies the
Philippine DOE Endorses 86 Projects for Operating Permits
September 29, 2023
The Philippine Department of Energy (DOE) has endorsed 86 new and existing power plant projects to the Energy Regulatory Commission (ERC) as of August, moving them a step closer to obtaining a permit to operate. According to the list published
BOEM Postpones Gulf of Mexico Oil and Gas Lease Sale 261 to November
September 28, 2023
The Bureau of Ocean Energy Management (BOEM) is postponing Gulf of Mexico Outer Continental Shelf Oil and Gas Lease Sale 261. As a result of the United States Court of Appeals for the Fifth Circuit ruling on September 25, 2023,
LM Energy to Sell Certain Assets Related to Its Touchdown Crude Oil Gathering System, New Mexico
September 28, 2023
LM Energy Holdings has entered into definitive agreements to sell certain subsidiaries and assets related to its Touchdown Crude Oil Gathering System in Eddy and Lea counties, New Mexico. The transaction is expected to close during the fourth quarter of
Fervo Energy Breaks Ground on World’s Largest Next-gen Geothermal Project, Utah
September 28, 2023
Fervo Energy held a groundbreaking ceremony to mark the start of its exploration drilling campaign at Cape Station, a next-generation geothermal energy project set to deliver 400 MW of 24/7 carbon-free electricity. Cape Station will begin delivering around-the-clock, clean power
Diamondback Energy Releases 2023 Corporate Sustainability Report, Reduces Scope 1 Emissions by 20%
September 28, 2023
Diamondback Energy has released its 2023 Corporate Sustainability Report. The online report outlines Diamondback’s approach to sustainability, commitment to environmental responsibility, managing and reducing risks, governance and business ethics, and its commitment to their people and communities. The report highlights
Belvedere Terminals Invests $750 Million to Improve Florida’s Fuel Supply Chain
September 27, 2023
Belvedere Terminals is planning to invest approximately $750 million in Florida to develop multiple fuel terminals for storage and supply. Belvedere Terminals is a new company working to support state leaders who are focused on improving Florida’s fuel supply chain
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