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ONEOK Appoints Randy Lentz as Executive VP and COO; Sheridan Swords Executive VP and CCO
January 7, 2025
ONEOK has made two executive leadership appointments, both of which are effective immediately. Randy Lentz, chief executive officer and founder of Medallion Midstream, is assuming the newly created position of executive vice president and chief operating officer. In this role,
Department of the Treasury Releases Final Rules for Clean Hydrogen Production Tax Credit
January 7, 2025
The U.S. Department of the Treasury and Internal Revenue Service released final rules for the section 45V Clean Hydrogen Production Tax Credit established by the Inflation Reduction Act. The final rules include significant changes and flexibilities that address several key
Delek Closes $285 Million Acquisition of Permian’s Gravity Water Midstream
January 6, 2025
Delek Logistics Partners (DKL) has closed on the acquisition of Gravity Water Intermediate Holdings. “The Gravity acquisition represents another significant step in DKL’s commitment of being a full suite crude, gas, and water midstream services provider in the Permian Basin.
U.S. Drilling Activity Remains Steady as Rig Count Holds at 589
January 6, 2025
Oilfield services firm Baker Hughes said Friday its weekly U.S. rig count was at 589 rigs for a fourth consecutive week. That’s down 32 rigs or 5 percent from 621 rigs counted last year. Baker Hughes’ rig count fell 5
Williams Completes Mid-Atlantic Transco Expansion Project
January 6, 2025
The strong economies and growing populations across the Mid-Atlantic and Southeast portions of the U.S. are driving the need for more energy in the region. To help meet this growing demand for affordable, reliable and clean energy, Williams recently placed
Cheniere Achieves First LNG at Its Corpus Christi Stage 3 Project
January 6, 2025
Cheniere Energy said liquefied natural gas (LNG) was produced for the first time from the first train of the company’s Corpus Christi Stage 3 Liquefaction Project. The commissioning process continues, and Cheniere expects substantial completion of train 1 to be
Ormat Starts Operations at Montague Energy Storage Facility, New Jersey
January 6, 2025
Ormat Technologies has commenced commercial operations at its Montague energy storage facility. This 20MW/20MWh Battery Energy Storage System (BESS), located in New Jersey, will provide ancillary services on the merchant market to PJM. The Montague Project, which is expected to
Pembina Closes $290 Million Deal for Stake in Whitecap’s NatGas Facility
January 3, 2025
Pembina Pipeline has closed on its Pembina Gas Infrastructure’s (PGI) acquisition of a 50 percent working interest in Whitecap Resources’ 15-07 Kaybob Complex. As part of the transaction, Whitecap has entered into a long-term take-or-pay agreement for PGI’s capacity in
One Equity Partners Completes Acquisition of EthosEnergy
January 3, 2025
One Equity Partners (OEP) has completed an investment in EthosEnergy, a global independent service provider focusing on rotating equipment for customers in the power generation, energy, industrial, and aerospace and defense markets. EthosEnergy was formed in 2014 as a joint
EPA Issues First Ever Underground Injection Permits for Carbon Sequestration in California
January 3, 2025
The U.S. Environmental Protection Agency (EPA) issued four underground injection control (UIC) class VI well permits to Carbon TerraVault JV Storage Company (CTV), a subsidiary of California Resources Corporation (CRC). Class VI UIC wells are used to inject carbon dioxide
