Industry News

Chevron Reports Fourth Quarter 2024 Results Reported earnings of $3.2 billion; adjusted earnings of $3.6 billionReturned record $27 billion cash to shareholders in 2024Increased 2024 worldwide and U.S. production by 7 and 19 percent to record levelsDelivered key project start-ups and milestones in the U.S. and KazakhstanAnnounced a 5 percent increase in quarterly dividend to […]

ONEOK Announces Joint Ventures with MPLX to Build LPG Export Terminal at Premier Location on U.S. Gulf CoastNews provided by Oneok, Inc. Feb 04, 2025, 06:42 ET Expands and Extends Integrated NGL Value Chain TULSA, Okla., Feb. 4, 2025 /PRNewswire/ — ONEOK, Inc. (NYSE: OKE) and MPLX LP (NYSE: MPLX) have entered into definitive agreements to […]

U.S. Energy Development Corporation to Deploy Up to $1 Billion in the Permian Basin During 2025News provided by U.S. ENERGY DEVELOPMENT CORPORATION Feb 03, 2025, 08:06 ET USEDC 2024 deployment nears $800 million FORT WORTH, Texas, Feb. 3, 2025 /PRNewswire/ — U.S. Energy Development Corporation (“USEDC”), an exploration and production company focused on the development of […]

Quinbrook to Construct Second Nationally Significant Infrastructure Project in Solar Power in East MidlandsThe GBP 240 Million Mallard Pass project is expected to begin construction in 2026 and commence operations in 2028 February 03, 2025 01:00 AM Eastern Standard Time LONDON–(BUSINESS WIRE)–Quinbrook Infrastructure Partners (“Quinbrook”), a specialist global investment manager focused exclusively on the infrastructure […]

GridStor Announces Acquisition of Texas Battery Energy Storage Project From Balanced Rock Power150 MW / 300 MWh acquisition will help the region meet rising power demand from data centers and other large customers February 03, 2025 09:00 AM Eastern Standard Time PORTLAND, Ore.–(BUSINESS WIRE)–GridStor, a developer and operator of utility-scale battery energy storage systems, announced […]

Crescent Energy Closes Accretive Central Eagle Ford Bolt-On: January 31, 2025 04:50 PM Eastern Standard Time HOUSTON–(BUSINESS WIRE)–Crescent Energy Company (NYSE: CRGY) (“Crescent” or the “Company”), today announced the closing of its acquisition of Central Eagle Ford assets from Ridgemar Energy for upfront consideration of $905 million, consisting of $830 million in cash and 5,454,546 […]

Blastr Green Steel completes partner financing round for ultra-low CO2 steel value chain: HELSINKI, Feb. 3, 2025 /PRNewswire/ –Blastr Green Steel (Blastr) has successfully completed a second strategic partner financing round, advancing the development of a European integrated ultra-low CO2 steel value chain with its flagship steel plant in Finland.   The partner financing round […]

Baker Hughes and Hanwha Announce Partnership to Develop Small-Size Ammonia Turbines: Agreement to focus on creation of 100% ammonia combustion dual fuel with natural gas small-size turbines Ammonia is a low-carbon fuel that can play a critical role in decarbonizing hard-to-abate sector, including marine transportation Collaboration to deliver efficiency comparable to reciprocating engines while minimizing […]

Argent LNG Selects Baker Hughes as Technology Provider, Strengthening Project: Baker Hughes to supply liquefaction solutions utilizing NMBL™ module and LM9000 gas turbine Agreement also comprises a multi-year services plan, including iCenter™ digital solutions powered by Cordant™, to support Argent LNG terminal operations Proposed project targets approximately 24 million tonnes per annum (MTPA) of production […]

ArcLight Announces $865 Million Acquisition of Strategic Pipeline Interest: BOSTON, Feb. 3, 2025 /PRNewswire/ — ArcLight Capital Partners, LLC and affiliates (collectively, “ArcLight”) announced today that it has completed the acquisition of a 25% equity interest in Gulf Coast Express Pipeline LLC (“GCX”) for $865 million from an affiliate of Phillips 66 (NYSE: PSX).  Going […]