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Data Centers Could Use 9% of U.S. Electricity by 2030, Research Institute Says

Electricity Grid, Energy Topics & Technology, Latest, US News / By

Data centers could use up to 9% of total electricity generated in the United States by the end of the decade, more than doubling their current consumption, as technology companies pour funds into expanding their computing hubs, the Electric Power Research Institute said on Wednesday. Depending on the adoption pace of technology such as generative …

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Energy Capital Partners Raises $6.7B, Buys Atlantica

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The New Jersey-headquartered Energy Capital Partners said its ECP V (Fund V) secured capital commitments of $4.4 billion plus an additional $2.3 billion of co-investment capital; the private equity firm also announced a $2.6 billion take-private of Atlantica Sustainable Infrastructure.

Biden Administration Expands Tax Credits Beyond Wind, Solar

Latest, Renewable Energy, Solar, US News, Wind / By

(Reuters) – The Biden administration on Wednesday proposed expanding tax credits that have for years boosted U.S. solar and wind energy projects to cover a wider range of clean energy technologies including nuclear fission and fusion. The Treasury Department announced its guidance for Clean Electricity Production Credits and Clean Electricity Investment Credits, created under the …

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ConocoPhillips to Buy Marathon Oil for $22.5 Bln in Latest Energy Merger

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Oil, Tri-Pinned, US News / By

(Reuters) – ConocoPhillips  on Wednesday agreed to buy Marathon Oil  in a $22.5 billion deal, the latest in a series of mega-mergers in the oil and gas industry as companies look to bolster reserves. The U.S. oil and gas industry has been riding a consolidation wave over the last two years. Last year was one of …

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VAALCO Energy, Inc. Announces Successful Drilling Campaign Results in Canada

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HOUSTON, May 29, 2024 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that it has drilled, completed and brought onto production four wells in Canada. Highlights: Safely and successfully drilled, completed and brought online four long lateral wells in Canada; All wells were 2.75 mile lateral development …

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Weatherford Awarded Framework Extension with Equinor for Completions and Slot Recovery

Energy Topics & Technology, Latest, OFS-Oilfield Services, Press Releases / By

HOUSTON, May 28, 2024 (GLOBE NEWSWIRE) — Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced it has been awarded a two-year frame agreement extension with Equinor, a multinational energy company, for the delivery of completions, liner-hangers, and slot recovery services. To deliver on this scope, Weatherford will offer its Accuview® downhole monitoring solutions with …

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Diamondback Energy, Inc. Announces Sale of WTG Midstream

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MIDLAND, Texas, May 28, 2024 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) today announced the sale of WTG Midstream Holdings LLC to Energy Transfer LP (NYSE: ET) (“ET”) resulting in total pre-tax consideration net to Diamondback of approximately $375 million, subject to customary closing conditions and adjustments. Consideration for the transaction will consist …

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More Hurdels Await Chevron Inches After Hess Shareholder Approval

Energy Topics & Technology, Latest, Mergers and Acquisitions / By

Approval from Hess shareholders was a win, but more hurdles await.   Chevron Corp. cleared the first major hurdle toward closing its $53 billion acquisition of Hess Corp. — and securing a share in one of the world’s most promising oil fields. The chief executive officers of the two companies may want to keep their …

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