Industry News

Equinor realises value from exits in international upstream business09 December 202401:00(GMT-6) Equinor has closed transactions exiting the upstream businesses in Azerbaijan and Nigeria, with a total estimated consideration of up to USD 2 billion. After more than 30 years as a business partner in Azerbaijan and Nigeria, transactions leading to Equinor exiting the countries have […]

INEOS-led Greensand to become the first full scale CO2 storage facility in EU to help mitigate climate change INEOS Group INEOS Energy 10 Dec 2024 A breakthrough in Carbon Capture and Storage (CCS) is announced in Denmark today, as the first full-scale Carbon Storage in the EU becomes a reality – marking a critical step to […]

Chevron Upgrades Pasadena Refinery to Increase Capacity, Feedstock and Product Flexibility: Facility increases equity Permian crude processing capacity, bolstering American energy value chain December 10, 2024 09:00 AM Eastern Standard Time PASADENA, Texas–(BUSINESS WIRE)–Chevron U.S.A., Inc. (CUSA), a wholly owned subsidiary of Chevron Corporation (NYSE: CVX), has completed a retrofit of its refinery in Pasadena, […]

Permian Resources Announces Divestiture of Midstream Gathering Systems: December 10, 2024 06:30 AM Eastern Standard Time MIDLAND, Texas–(BUSINESS WIRE)–Permian Resources Corporation (NYSE: PR) (“Permian Resources” or the “Company”) today announced it has entered into a definitive agreement to sell its natural gas and oil gathering systems primarily located in Reeves County, Texas to Kinetik Holdings […]

Kinetik Announces Bolt-On Acquisition of Gas and Crude Gathering Systems in Texas Delaware Basin from Permian Resources: December 10, 2024 06:30 AM Eastern Standard Time HOUSTON & MIDLAND, Texas–(BUSINESS WIRE)–Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today announced it has entered into a definitive agreement with Permian Resources Corporation (NYSE: PR) (“Permian Resources”) […]

Intersect Power Forms Strategic Partnership with Google and TPG Rise Climate to Co-Locate Data Center Load and Clean Power Generation: Collaboration accelerates the evolution of data center development and power provision, reducing costs, increasing reliability, and supporting local economic developmentNew ~$800M funding round led by TPG and Google will accelerate partnership’s developmentDecember 10, 2024 09:00 […]

Concentro announces $3m fundraise to unlock clean energy financing, starting with tax credits: Concentro unlocks tax credit transfers for mid-sized clean energy projects, enabling developers to easily monetize transferable tax credits without high transaction costs and complexity. They take a differentiated high-touch approach, managing the entire end-to-end process from running diligence to providing full-wrap insurance, […]

Nostromo Energy Secures $305 Million Conditional Commitment from US Department of Energy to Cut Climate Impact and Costs of Cooling in Large California Buildings: Nostromo will use funds to deploy its IceBrick® thermal energy storage systems in 193 commercial buildings across California IRVINE, Calif., Dec. 9, 2024 /PRNewswire/ — Nostromo Energy, provider of the IceBrick® system, a […]

Kinder Morgan Announces 2025 Financial Expectations:  $1.27 Adjusted EPS (up 8% from 2024); $8.3 billion Adjusted EBITDA; 3.8x leverage at year-end 2025; and $1.17 dividend per share December 09, 2024 04:05 PM Eastern Standard Time HOUSTON–(BUSINESS WIRE)–Kinder Morgan, Inc. (NYSE: KMI) today announced its preliminary 2025 financial projections. “We expect 4% growth from 2024 in […]

Vision RNG Completes Sale of Voluntary Carbon Credits from Lunenburg Landfill: December 09, 2024 03:14 PM Eastern Standard Time CANONSBURG, Pa.–(BUSINESS WIRE)–Vision RNG (VisionRNG.com) has completed an agreement with NRG Business Marketing LLC for the sale of over 47,000 Landfill Gas (LFG) voluntary carbon credits. Each credit represents one ton of CO2 equivalent not emitted […]