TotalEnergies signed an agreement with EIG, an institutional investor in the global energy sector, for the acquisition of all the shares of West Burton Energy for an enterprise value of £450 million (US$575 million).
The exchange, which has raised about $120 million, plans to file registration documents with the U.S. Securities and Exchange Commission to start operating as a national securities exchange later this year, TXSE said on June 5.
CNOOC said the Lingshui 36-1 gas field has been tested to produce over 10 MMcm/d of open flow natural gas.
The U.S. Treasury Department will determine the final rules on how hydrogen producers qualify for 45V, the hydrogen production tax credit.
Exxon Mobil has contracted Technip Energies and Turner Industries to help build a CCUS system capable of conditioning, compressing and transporting, for eventual storage, up to 800,000 metric tons per year of CO2.
(Reuters) – A two-year U.S. tariff holiday on solar panels from Southeast Asia expires on Thursday, starting the clock ticking for American project developers to use the huge amount of equipment they stockpiled duty-free over that period by the end of this year. The dynamic could result in a mini-boom in already red-hot U.S. solar installations, …
U.S. Solar Projects Could Boom Amid Deadline to Use Up Tax-Exempt Panel Glut Read More »
LONDON, June 6 (Reuters) – Global investment in clean energy technology and infrastructure is set to hit $2 trillion this year, twice the amount going into fossil fuels, an International Energy Agency report showed. Total energy investment is expected to exceed $3 trillion for the first time in 2024, the IEA said in its annual …
IEA Expects Global Clean Energy Investment to Hit $2 trillion in 2024 Read More »
Summary Russia defends OPEC+ oil pact, but ready to react UAE minister calls countries making voluntary cuts the ‘Great 8’ OPEC head rejects criticism over oil deal, says demand is good (Reuters) – OPEC+ could tweak its latest oil output agreement which calls for some output cuts to be reversed later this year if needed …
OPEC+ Could Tweak Oil Pact if Needed, Ministers Say Read More »
Bayswater Exploration & Production has taken its Midland Basin oil play far east into Mitchell County where a high carbonate content “gives us a chance to really compete with the big guys.”
(Reuters) – U.S. oil and gas producer Devon Energy has lost bids to acquire at least three of its peers in the last 12 months because its shares were spurned as acquisition currency, according to people familiar with the negotiations. Devon missed out on the sector’s dealmaking boom by losing to ConocoPhillipsthe $22 billion deal to …
How Devon Energy Missed Out on the U.S. Oil and Gas Mega-Deal Wave Read More »
