EDF, TAQA Sign MOU to Advance Geothermal Systems in Saudi Arabia
EDF Saudi Arabia and TAQA Geothermal Energy will collaborate on geothermal cooling systems including power generation, HVAC applications and compressed air energy storage.
BKV Reaches FID, Forms Midstream Partnership for Eagle Ford CCS Project
If all required permits are secured, BKV’s CCS project in the Eagle Ford Shale will begin full operations in first-quarter 2026, the Barnett natural gas producer says.
TGS, deepC Store to Evaluate Location Offshore Australia for Carbon Storage
TGS will work on the assessment in the Browse Basin throughout 2025.
Italy’s Intesa Sanpaolo Adds to List of Banks Shunning Papua LNG Project
Italy’s largest banking group, Intesa Sanpaolo, is the latest in a list of banks unwilling to finance a $10 billion LNG project in Papua New Guinea being developed by France’s TotalEnergies, Australia’s Santos and the U.S.’ Exxon Mobil.
US NatGas Prices Climb 4% to Two-Week High on Rising LNG Flows, Cold Weather
(Reuters) – U.S. natural gas futures climbed about 4% to a two-week high on Thursday on rising flows to liquefied natural gas (LNG) export plants, a drop in daily output and forecasts for cold weather and higher demand over the next two weeks than previously expected. Prices rose despite forecasts for the return of mild …
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Exelon Boosts Capex plan by $3.5 Billion, Mostly to Bolster Power Lines
Major U.S. electric utility Exelon increased its four-year capital investment plan by 10% to $38 billion, with the bulk of the spending aimed at bolstering and building new transmission lines, executives said on an earnings call on Wednesday. Many U.S. power companies have revised up capex plans over the past year as the proliferation of …
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Hedge Fund Elliott Commands Attention in C-suites as Relentless Activist
When Elliott Investment Management buys into a company to agitate for change, bankers and lawyers who have faced the hedge fund say executives can expect a strong view on their shortcomings, backed by meticulous research and financial firepower. Now, storied oil giant BP is in Elliott’s sights. The investment firm, which manages $70 billion, has …
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Elliott Builds $5 Billion Stake in BP, Financial Times Reports
Activist investor Elliott Management has disclosed a near 5% stake of about 3.8 billion pounds ($4.75 billion) in BP, making it the oil company’s third-largest shareholder, the Financial Times reported on Thursday, citing people close to the matter. Elliott is trying to push the British oil company to cut spending on renewables and make big …
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Precision Drilling Announces 2024 Fourth Quarter and Year End Unaudited Financial Results
CALGARY, Alberta, Feb. 12, 2025 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. …
AI Deals Line Up for Energy Transfer’s Gas Supply
Midstream company Energy Transfer’s executives say they’re working on more than 100 deals for gas-powered generation projects.