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KKR to Acquire Stake in Eni’s Biofuels Business for $3.2 Billion
December 2, 2024
Eni and KKR have signed an agreement where KKR will take a 25 percent stake in Enilive’s share capital, for a total agreed consideration of $3.2 billion (€2.938 billion). According to the agreement, Eni will undertake a capital increase in
Michigan Moves to Create State-Run Carbon Capture Permitting Program
December 2, 2024
Michigan lawmakers are proposing a trio of bills — chief among them SB 1131 — to establish a state-run program for permitting and overseeing carbon capture and sequestration projects. This move is backed by a coalition of businesses, labor unions,
ConocoPhillips Completes Acquisition of Marathon Oil
November 27, 2024
ConocoPhillips has completed its acquisition of Marathon Oil Corporation. “This acquisition of Marathon Oil is a perfect fit for ConocoPhillips, adding to our deep, durable and diverse portfolio while meeting our strict financial framework,” said Ryan Lance, chairman and chief
Pennybacker Acquires New Fortress Energy’s Miami LNG Business, Daniel McLaughlin to Lead Company
November 27, 2024
Pennybacker Capital Management has completed the acquisition of the small-scale Florida-based liquefied natural gas production and distribution business (Miami LNG business) from New Fortress Energy. The Miami LNG business is a strategically located small-scale liquefaction operation, equipped with one liquefaction
DOE Awards Up to $2.2 Billion for Two Regional Clean Hydrogen Hubs
November 27, 2024
The U.S. Department of Energy (DOE) has allocated up to $2.2 billion in award commitments for two Regional Clean Hydrogen Hubs (H2Hubs) that will help accelerate the commercial-scale deployment of low-cost, clean hydrogen, The two awardees — Gulf Coast H2Hub
Valveworks USA Acquires Lancaster Flow Automation
November 26, 2024
Valveworks USA has acquired Lancaster Flow Automation. Lancaster Flow Automation is a Houston, Texas based, high-end, innovative choke products company. Lancaster has served its market for 30+ years with new, patented technology and advanced applications. Renowned for its expertise and
EPA to Grant W.Va. Authority to Oversee Class VI Well Program Permits for Carbon Storage Projects
November 26, 2024
Senators Joe Manchin III, I-W.Va., Chairman of the Senate Committee on Energy and Natural Resources, and Shelley Moore Capito, R-W.Va., ranking member of the Senate Committee on Environment and Public Works, said the Environmental Protection Agency (EPA) has proposed granting
Houston Natural Resources Rebrands as Cunningham Natural Resources
November 21, 2024
Houston Natural Resources has completed its name change from Houston Natural Resources to Cunningham Natural Resources. Houston Natural Resources filed with FINRA for the name change in August 2023 after completing the acquisition of Cunningham Energy. Cunningham Natural Resources is
IntelliTrans Appoints Matt Everson as Senior Vice President, Sales and Marketing
November 21, 2024
IntelliTrans has appointed Matt Everson as senior vice president of Sales and Marketing. In his new role, Matt will lead the company’s sales and marketing teams to accelerate new business growth and drive customer success. With a proven track record
Global Partners Completes Acquisition of ExxonMobil’s East Providence Liquid Energy Terminal
November 21, 2024
Global Partners has successfully completed the acquisition of a liquid energy terminal in East Providence, Rhode Island from the ExxonMobil Oil Corporation. The East Providence terminal, featuring ten product tanks with 959,730-barrel shell capacity, serves as a strategic storage facility
