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Encap Investments Raises $1.2 Billion for Energy Transition Fund
May 7, 2021
EnCap Investments has successfully closed EnCap Energy Transition Fund with commitments of approximately $1.2 billion. The fund was created to invest in companies that advance the nation’s transition to a lower-carbon future with a focus on creating wind, solar, and
Shale Gas Producer CNX Slams ‘Flawed’ Climate Pledges Made by Peers
May 7, 2021
An executive at U.S. shale gas explorer CNX Resource Corp. criticized the long-term pledges to reduce emissions that have slowly gained traction in the industry, saying they lack detail and accountability. “Committing to a target or goal decades into the
DOE to Loan Up to $8.25 Billion to Enhance, Expand Electrical Transmission Grid
May 6, 2021
In support of the Biden Administration’s commitment to modernize the nation’s power grid and infrastructure and deliver 100 percent clean energy to businesses and homeowners by 2035, the U.S. Department of Energy (DOE) today announced the availability of up to
Energy Transfer to Seek Supreme Court Review of Dakota Access in Fight to Keep Oil Pipeline Open
May 5, 2021
Dakota Access oil pipeline’s operators plan to ask the U.S. Supreme Court to intervene in its ongoing legal battle to keep the 570,000 barrel-per-day line open, according to a court filing on Thursday. The operators of the line, led by
North Carolina Again Denies Water Permit for Mountain Valley Pipeline
May 5, 2021
The North Carolina Department of Environmental Quality (DEQ) again denied Mountain Valley Pipeline’s (MVP) request for a water permit for its proposed Southgate natural gas pipeline project from Virginia to North Carolina. The DEQ first denied the request in August
Berkshire Hathaway Defends $8 Billion Proposal to Build Natural Gas Plants in Texas
May 5, 2021
Berkshire Hathaway defended its $8 billion proposal to build natural gas plants in Texas to help reduce the threat of devastating blackouts such as those in February. “When you look at the power sector (in Texas), it fundamentally let the
Venture Global Enters Partnership with Zachry Group for Plaquemines LNG Export Project Development
May 4, 2021
Venture Global LNG entered into a new partnership with Zachry Group in the development of the Plaquemines LNG export project. This follows the company’s selection of KBR as the EPC contractor for the facility. KBR and Zachry Group will together,
Vitol’s Vencer Energy Makes First Investment to Acquire Hunt Oil’s Midland Basin Assets
May 3, 2021
Vitol’s U.S. upstream company, Vencer Energy, has agreed to acquire Hunt Oil Company’s Midland Basin assets for an undisclosed sum. It is Vencer’s first acquisition since it was established by Vitol last year. The assets comprise 44,000 acres across five
Summit Acquires CenterPoint’s Arkansas and Oklahoma Natural Gas LDC Assets for $2.150 Billion
May 3, 2021
CenterPoint Energy sold its Arkansas and Oklahoma natural gas LDC assets to Summit Utilities for $2.150 billion in cash. The assets include approximately 17,000 miles of main pipeline in Arkansas, Oklahoma, and Texarkana serving more than half a million customers
Puget Sound Energy Partners with Mitsubishi Power to Develop Renewable Energy Storage Solutions
May 3, 2021
Puget Sound Energy (PSE) has signed a joint development agreement with Mitsubishi Power Americas to collaborate on project development and technology solutions in line with PSE’s goal to become a “Beyond Net Zero Carbon” energy company by 2045. This agreement
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