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Berkshire Hathaway Snaps Up Dominion’s Stake in Cove Point LNG for $3.3 Billion
July 10, 2023
Warren Buffett’s Berkshire Hathaway Energy has agreed to acquire Dominion Energy’s 50 percent limited partnership stake in the Cove Point LNG business on the U.S. eastern seaboard. The transaction is valued at $3.3 billion. Upon closing, Berkshire Hathaway Energy will
Baker Hughes to Supply 3 Liquefaction Trains for NextDecade’s Rio Grande LNG Project, Texas
July 10, 2023
Baker Hughes has been awarded an order by Bechtel Energy — to be booked in the second quarter of 2023 — to supply three main refrigerant compressors (MRCs) for NextDecade’s Rio Grande LNG project in the Port of Brownsville, Texas.
Report: Assessment of Net Zero Scenario, ESG, Cessation of Investment in New Oil and Gas Fields
July 10, 2023
Energy Policy Research Foundation has released their report, A Critical Assessment of the IEA’s Net Zero Scenario, ESG, and the Cessation of Investment in New Oil and Gas Fields. In this report, they have assessed the likely economic impact of
EPA Racing to Spend $27 Billion the GOP Wants to Repeal
July 10, 2023
It’s an open secret in Washington: The Biden administration is rushing to spend billions of dollars in the Democrats’ climate law before January 2025, when a future Republican-controlled Congress or administration could claw back the money. Yet little-noticed language in
Canada’s Gibson to Acquire South Texas Gateway Terminal for $1.1 Billion
July 7, 2023
Gibson Energy has entered into an agreement to acquire 100 percent of the membership interests of South Texas Gateway Terminal for a total purchase price of $1.1 billion in cash, subject to closing adjustments. Through the transaction, Gibson acquires the
North Dakota Tribe Buys Enbridge Pipeline for $5 Million
July 7, 2023
The Mandan, Hidatsa, and Arikara (MHA) Nation, a Native American tribe in North Dakota, will buy the Plaza/Wabek Pipeline from Enbridge for $5 million, the energy company said. The Plaza/Wabek Pipeline, a six-inch-diameter oil pipeline measuring 31 miles from a
Vital Energy to Acquire Forge’s Delaware Basin Assets for $540 Million
July 7, 2023
Vital Energy has signed a definitive joint purchase and sale agreement to acquire the assets of Forge Energy II Delaware, an EnCap portfolio company, further expanding the company’s Permian Basin focus and establishing a core operating position in the Delaware
Baytex Energy Closes $2.2 Billion Acquisition of Ranger Oil, Releases Updated Guidance for 2023
July 7, 2023
Baytex Energy Corp. has closed on its acquisition of Ranger Oil Corporation. “We are excited to close the Ranger acquisition, which materially increases our scale in the Eagle Ford while building quality operating capability in a premier basin. We have
Wyoming and Colorado Sign Direct Air Capture Memorandum of Understanding
July 7, 2023
The State of Wyoming and State of Colorado have signed a memorandum of understanding (MOU) regarding direct air capture (DAC) activity and development. The bipartisan inter-state agreement will focus on the DAC industry’s potential to complement existing and emerging industries
DOE Releases National Clean Hydrogen Strategy and Roadmap Report
July 7, 2023
The Department of Energy released the U.S. National Clean Hydrogen Strategy and Roadmap, a comprehensive framework for accelerating the production, processing, delivery, storage, and use of clean hydrogen — a versatile and flexible energy carrier that can be produced with
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