RNG Producer Anaergia Appoints New CEO
Assaf Onn was appointed acting CEO by Anaergia’s board of director following an investment of Marny Investissement SA in the renewable natural gas company.
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Scott Sheffield Among Investors in Australian Shale Gas IPO
The operator who sold Pioneer Natural Resources Co. to Exxon Mobil in May for $59.5 billion joins his son Bryan Sheffield in shale gas investment Down Under.
U.S. Regulators Approve Louisiana LNG Plant Over Climate Objections
Federal regulators on Thursday approved a Louisiana liquefied natural gas project that has been a lightning rod for environmental activists and a litmus test for the Biden administration’s energy policies. The Federal Energy Regulatory Commission voted 2-1 to allow construction and operation of the Calcasieu Pass 2 LNG plant and a related, 85-mile-long (137 km) …
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U.S. Energy Sector Deals Accelerate in Quest for Reserves
The consolidation wave in the U.S. energy sector that triggered $250 billion worth of deals in 2023 has stretched into this year, as companies look for opportunities to deploy their cash hoard and boost their oil and gas reserves. The total value of deals in January and February hit the highest level since the first …
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FERC Approves Venture Global’s Calcasieu Pass 2 LNG Project
Venture Global’s Calcasieu Pass 2 was delayed due to changes at the overall site and within U.S. environmental law. The project remains subject to the LNG export pause initiated by the Biden administration.
SM Stock Dives Over 10% as Investors Weigh $2B Uinta Basin Deal
Shares for SM Energy were trading down after announcing a multibillion-dollar entry into Utah’s Uinta Basin, an unusual move that nonetheless adds scale to the company’s Eagle Ford Shale and Permian Basin operations.
COMMENTARY: Banks are Having Second Thoughts About Moving Away from Oil & Gas – Irina Slav- Irina Slav
By Irina Slav More From Irina Slav In February this year, Barclays announced it would stop direct financing for “energy clients, for upstream oil and gas expansion projects or related infrastructure.” The bank followed a massively popular trend in the industry of boosting support for transition-related businesses at the expense of traditional energy because traditional energy …
Generac Acquires Energy Storage Solutions Provider
Generac Power Systems’ acquisition of PowerPlay Battery Energy Storage Systems integrates energy storage solutions into its energy technology portfolio.
Aramco May Buy Stake in Sempra US Gas Plant, Get LNG Supply
Saudi firm could buy 25% of Sempra’s Port Arthur LNG Phase 2 Aramco agrees to 5-year supply deal for 5 million tons/year Saudi Aramco expanded its drive to tap into US energy supply with an initial agreement to buy a stake in Sempra’s Texas liquefied natural gas export plant in a deal that would include fuel shipments …
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US Supreme Court Blocks EPA’s ‘Good Neighbor’ Air Pollution Plan
The U.S. Supreme Court on June 27 blocked an Environmental Protection Agency regulation aimed at reducing ozone emissions that may worsen air pollution in neighboring states, handing a victory to three Republican-led states and the steel and fossil-fuel industries that had challenged the rule.