Industry News

Phillips 66 teams with NextEra Energy Resources to power Rodeo Renewable Energy Complex with solar facility: December 10, 2024 11:00 AM Eastern Standard Time HOUSTON–(BUSINESS WIRE)–Phillips 66 is teaming up with a subsidiary of NextEra Energy Resources, LLC to power Phillips 66’s Rodeo Renewable Energy Complex with a 30.2 megawatt (MW) solar facility. The solar […]

Equinor and partners approve execution of UK’s first carbon capture and storage projects10 December 2024 08:10(GMT-6) Equinor, alongside project partners, has announced financial close after taking a Final Investment Decision (FID) to progress to execution phase on two of the UK’s first carbon capture and storage (CCS) projects in Teesside, the Northern Endurance Partnership (NEP) […]

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 […]