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

HF Sinclair Submits Non-binding Proposal to Acquire Holly Energy

May 9, 2023

HF Sinclair Corporation has submitted a non-binding proposal to acquire all of the outstanding common units of Holly Energy Partners (HEP) not beneficially owned by HF Sinclair or its affiliates in exchange for common stock, par value $0.01 per share,

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U.S. Crude Oil Production Approaches Pre-pandemic Levels

May 9, 2023

For the first two months of 2023, production of crude oil in the U.S. neared pre-COVID levels, according to the U.S. Energy Information Administration. The production of crude oil in the U.S. in January and February was the most since

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Senate Votes to Reject Biden Administration’s Suspension of Tariffs on Chinese Solar Panel Products

May 9, 2023

The U.S. Senate voted 56-41 on Wednesday to overturn the Biden administration’s suspension of tariffs on Chinese solar product parts that go through other countries, with nine Democrats including Ohio’s Sherrod Brown joining with Republicans to pass the measure. “This

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U.S. Weekly Oil & Gas Rig Count Falls By the Most Since February

May 8, 2023

U.S. energy firms cut the most oil and natural gas rigs in a week since February, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future

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Enbridge Reaches Incentive Toll Agreement on Its Mainline Liquids System

May 8, 2023

Enbridge has reached an agreement in principle on a negotiated settlement with shippers for incentive tolls on its Mainline liquids system, which moves more than 3 million barrels a day of crude oil and liquids from Western Canada to demand

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Senators Barrasso, Capito Unveil Comprehensive Permitting, Environmental Review Reform Legislation

May 8, 2023

U.S. Senators John Barrasso (R-WY), Ranking Member of the Senate Energy and Natural Resources (ENR) Committee and Shelley Moore Capito, Ranking Member of the Environment and Public Works (EPW) Committee, introduced two pieces of legislation to substantively reform the nation’s

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Harvest Midstream to Acquire Paradigm Midstream from Ares Management

May 5, 2023

Harvest Midstream has signed a purchase and sale agreement with Ares Management funds to acquire Paradigm Midstream. “The Paradigm systems are a perfect fit for Harvest’s expanding network of first-class midstream assets,” said Harvest CEO Jason Rebrook. “Not only does

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Brookfield and EIG Consortium to Acquire Australia’s Origin Energy in $18.7 Billion Deal

May 5, 2023

A consortium comprised of Brookfield Renewable Partners, together with its institutional partners and global institutional investors GIC, Temasek, and MidOcean Energy have entered into a scheme implementation deed with Origin Energy Limited to acquire 100 percent of the company’s shares.

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BLM Approves Construction of 3GW TransWest Express Transmission Project

May 4, 2023

The Bureau of Land Management, U.S. Department of the Interior, has issued its notice to proceed (NTP) for the TransWest Express Transmission Project — providing TransWest Express with the final federal authorization needed to start construction on this critical energy

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Linde, Exxon Mobil Sign CO2 Offtake Agreement

May 4, 2023

Linde has signed a long-term agreement with ExxonMobil for the off-take of carbon dioxide associated with Linde’s new clean hydrogen production in Beaumont, Texas. Linde previously said it will build, own, and operate an on-site complex to supply clean hydrogen

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