industrynews

SLB Announces Agreement to Acquire ChampionX in an All-Stock Transaction  Acquisition strengthens SLB as a leader in production space, with world-class production chemicals and artificial lift technologies Combined portfolios will drive customer value through deep industry expertise and digital integration, as well as enhanced equipment life and production optimization ChampionX shareholders to receive 0.735 SLB […]

US Shale Drillers Seek to Power Oil Patch With Small Nuclear Reactors:  US oil companies including Diamondback Energy Inc. are considering small nuclear reactors to power drilling operations in Texas’s Permian Basin, a move aimed at cutting carbon emissions and ensuring reliable access to electricity. Read more on Bloomberg

MN8 Energy LLC Announces Closing of Private Placement: Investment round led by Mercuria Energy Group with participation from Ridgewood Infrastructure and supported by existing investors April 01, 2024 08:29 AM Eastern Daylight TimeNEW YORK–(BUSINESS WIRE)–MN8 Energy LLC (“MN8” or “The Company”), one of the largest and most sophisticated independent renewable energy companies in the U.S., […]

Nucor to Acquire Manufacturer of Data Center Infrastructure: News provided by Nucor Corporation 01 Apr, 2024, 08:45 ET CHARLOTTE, N.C., April 1, 2024 /PRNewswire/ — Nucor Corporation (NYSE: NUE) announced today that it has acquired Southwest Data Products, Inc. (SWDP), a manufacturer and installer of data center infrastructure for $115 million. SWDP’s offices and manufacturing facility […]

Ridgewood Infrastructure Announces Structured Equity Investment in MN8 Energy, One of America’s Largest Privately Owned Solar Energy Companies: NEW YORK, April 1, 2024 /PRNewswire/ — Ridgewood Infrastructure LLC (“Ridgewood“), a leading investor in essential infrastructure in the U.S., today announced a strategic investment in MN8 Energy, LLC (“MN8”), one of America’s largest independent U.S. solar […]

Kimmeridge Issues Open Letter to SilverBow Shareholders: Remains ready to engage in good faith negotiations with SilverBow towards value-enhancing combination Publishes comprehensive financial and operational data on KTG to support shareholders in analyzing Kimmeridge’s proposal SilverBow made no contact with Kimmeridge before rejecting the March 13 proposal, and then claimed SilverBow needs more information to […]

Aker Carbon Capture awarded pre-FEED from Statkraft in Norway: OSLO, Norway, April 1, 2024 /PRNewswire/ — Aker Carbon Capture has been awarded a pre-FEED for Statkraft’s Heimdal waste-to-energy plant for capturing 220.000 tonnes of CO2 per year. By capturing and permanently storing these emissions, it is possible to reduce up to 25% of Trondheim municipality’s […]

Citi, JPMorgan First Adopters of Energy Finance Ratio: Citigroup Inc. has joined JPMorgan Chase & Co. in agreeing to disclose to investors their clean energy financing ratios, or the proportions of their low-carbon to fossil-fuel financing activity. The post Citi, JPMorgan First Adopters of Energy Finance Ratio appeared first on BloombergNEF.

United Airlines Is Betting Big on a Pricey Green Aviation Fuel: Green jet fuel, also known as sustainable aviation fuel or SAF, is priced two or three times higher than conventional fuel. The post United Airlines Is Betting Big on a Pricey Green Aviation Fuel appeared first on BloombergNEF.

Why the renewables market does not work: In a provocative new book, British academic Brett Christophers argues that free enterprise cannot deliver renewables at the rapid pace required to tackle climate change. Read more on Financial Times…