industrynews

Chevron Announces 2025 Capex Budget & 4Q24 Interim Updates: Organic capex budget of $15 billion; affiliate capex budget of $2 billion Restructuring and other charges expected to be $1.1 to $1.5 billion in 4Q24 December 05, 2024 04:15 PM Eastern Standard Time SAN RAMON, Calif.–(BUSINESS WIRE)–Chevron Corporation today announced an organic capital expenditure range of […]

Arevon Announces the Start of Commercial Operations at its Eland 1 Solar-plus-Storage Project in California: Eland 1 propels Arevon’s clean energy capacity to more than 3 gigawatts in California as the company continues to advance statewide decarbonization MOJAVE, Calif. and SCOTTSDALE, Ariz., Dec. 9, 2024 /PRNewswire/ — Arevon Energy, Inc., a leading renewable energy developer, owner, […]

Carbon TerraVault and Net Power Sign MOU to Develop Low Carbon, Reliable Power Solutions in California: Net Power’s Greenfield Facilities Initially Target up to 1GW of Reliable, Low Carbon Baseload PowerCarbon TerraVault Expected to Transport and Sequester up to 3.6 Million Metric Tons of CO2 Emissions Annually December 09, 2024 09:00 AM Eastern Standard Time […]

Devon Energy President and CEO, Rick Muncrief, to Retire March 1, 2025; Clay Gaspar, Devon Chief Operating Officer, to Succeed Muncrief: OKLAHOMA CITY, Dec. 09, 2024 (GLOBE NEWSWIRE) — Rick Muncrief, 66, has announced his retirement from the position of President and Chief Executive Officer and member of the Board of Directors of Devon Energy […]

AMP Raises $91 Million in Series D Funding to Revolutionize WasteLatest investment to support expansion to process municipal solid waste and single-stream recycling at scale December 05, 2024 09:00 AM Eastern Standard Time DENVER–(BUSINESS WIRE)–AMP Robotics Corp. (“AMP”), a leading provider of AI-powered sortation at scale for the waste and recycling industry, has raised $91 […]

Quaise Energy and Nevada Gold Mines Partner on Deep Geothermal Pilot Plant to Decarbonize Mining: December 03, 2024 08:00 AM Eastern Standard Time HOUSTON–(BUSINESS WIRE)–Quaise Energy, Inc. (Quaise) and the Barrick-operated Nevada Gold Mines (NGM), a joint venture with Newmont Corporation, are exploring additional decarbonization of NGM’s TS Power Plant by using geothermal heat from […]

J.P. Morgan’s Campbell Global Acquires over 40,000 acres of Timberland in the US Pacific Northwest: Assets to be managed for both carbon capture and timber products NEW YORK, Dec. 5, 2024 /PRNewswire/ — J.P. Morgan Asset Management today announced that institutional investors advised by the firm’s wholly-owned timber investment manager, Campbell Global, have led the […]

Nation’s Largest Proposed Solar and Storage Project Receives Final State Approval: The 2.4 GW project in Eastern Oregon is owned by Pine Gate Renewables ASHEVILLE, N.C., Dec. 6, 2024 /PRNewswire/ — The United States’ largest proposed solar project, Sunstone Solar, received its final discretionary approval from the Oregon Energy Facility Siting Council (EFSC). The approval […]

Equinor and Shell to create the UK’s largest independent oil and gas company: Equinor UK Ltd, a subsidiary of Equinor ASA (OSE: EQNR, NYSE: EQNR, “Equinor”) and Shell UK Limited, a subsidiary of Shell plc (LSE: SHEL, NYSE: ADR SHEL, AMS EURONEXT: SHELL, “Shell”) are to combine their UK offshore oil & gas assets and […]

Parallax Energy Closes Acquisition of Vesta Energy Ltd.December 04, 2024 12:42 ET| Source: Parallax Energy, L.P. CALGARY, Alberta, Dec. 04, 2024 (GLOBE NEWSWIRE) — Parallax Energy Operating Inc., a wholly owned subsidiary of Parallax Energy, L.P. (collectively “Parallax”), today closed the acquisition of Vesta Energy Ltd. (the “Acquisition”), a private producer with a significant land […]