Industry News

Aramco, SINOPEC, and Fujian Petrochemical break ground on new refining and petrochemical project in China: Greenfield project is expected to be fully operational by end of 2030  Integrated refining and petrochemical project aims to maximize chemical output  Complex expected to supply around five million tons per year of feedstock to Gulei Petrochemical Base DHAHRAN, Saudi Arabia, […]

Summit Carbon Solutions Secures North Dakota Pipeline PermitCritical Milestone Achieved for Carbon Capture and Storage Infrastructure ProjectAmes, Iowa (November 15, 2024) – Summit Carbon Solutions is pleased to announce that the North Dakota Public Service Commission has granted it a Route Permit*, a significant milestone in advancing Summit’s CO2 pipeline project. This decision highlights the […]

Bloom Energy Announces Gigawatt Fuel Cell Procurement Agreement with AEP to Power AI Data Centers: Deployment at scale will help meet data center customers’ sharply increasing AI loads Bloom’s clean and reliable fuel cell solution will be co-located at customer sites to rapidly enable AEP to meet the energy and economic development goals of its […]

Google and the Virginia Department of Energy host a Grid Innovation Summit to discuss energy infrastructure to support continued economic growthNovember 12, 2024 RICHMOND, NOVEMBER 12, 2024 – On Tuesday, Google and the Virginia Department of Energy hosted a meeting with policymakers, electric utilities, and business leaders to discuss how innovative solutions can help meet […]

Oklo Announces Proposed Acquisition of Atomic Alchemy to Expand into Radioisotope Market: The proposed acquisition leverages Oklo’s fact reactor and fuel recycling technologies to integrate radioisotope production to support critical needs in cancer treatment, diagnostic imaging, and clean energy applications.November 14, 2024 08:03 AM Eastern Standard Time SANTA CLARA, Calif.–(BUSINESS WIRE)–Oklo Inc. (NYSE: OKLO) (“Oklo”), […]

AEP Leveraging Fuel Cell Technology to Power Data Center Growth: This customer-focused effort is the largest utility fuel cell initiative in the country COLUMBUS, Ohio, Nov. 14, 2024 /PRNewswire/ — American Electric Power (Nasdaq: AEP) is offering large customers a custom solution to support their growing energy needs with fuel cell technology. AEP has an […]

Vaulted Deep Secures $32.3 Million Series A Funding Led by Prelude VenturesNov 14, 2024, 10:00 ET With Series A funding, Vaulted, already delivering CDR at the fastest rate across the industry, will develop additional injection well sites to deliver more CDR at an increasing pace. HOUSTON, Nov. 14, 2024 /PRNewswire/ — Vaulted Deep (“Vaulted”), a […]

RPC Power, LLC OverviewDeal Type Debt Capital Markets Size $60 MillionSenior Secured Credit Facility Client & Transactional Partners RPC Power, LLCConduit Power, LLCRiley Exploration Permian, Inc. Our Role Coordinating Lead ArrangerSole BookrunnerAdministrative AgentCollateral Agent Summary On November 6, 2024, KeyBanc Capital Markets (KBCM) successfully closed on a Senior Secured Credit Facility of up to $60 […]

PHX Minerals Inc. Response to the WhiteHawk Proposal: FORT WORTH, Texas, Nov. 14, 2024 /PRNewswire/ — PHX MINERALS INC., “PHX” or the “Company” (NYSE: PHX): The Board of Directors of PHX responds to the WhiteHawk Energy, LLC (“WhiteHawk”) proposal to acquire PHX. The PHX Board of Directors appreciates engagement from all stockholders to enhance stockholder […]

Ovintiv Strengthens Portfolio with Core Oil-Rich Montney Asset Acquisition: Nov 14, 2024, 06:00 ET Transaction to Significantly Expand Existing Montney Premium Oil Inventory, Company to Exit Uinta Basin with Asset SaleHighlights: Agreement reached to acquire approximately 109,000 net acres and approximately 70 thousand barrels of oil equivalent per day (“MBOE/d”) in the core of the […]