Equinor Buys Suncor For US$850 Million, Expands North Sea Equity Stakes
Norwegian integrated oil and gas major, Equinor, signed an agreement to acquire Suncor Energy UK (Suncor) for US$850 million. Equinor entered 2023 flush with cash after posting a record revenue of US$149 billion in...
Danos Diversifies Its Energy Portfolio With Launch Of Danos Ventures
The owners of Danos, a 76-year-old energy services company headquartered in Gray, Louisiana, are preparing for the future by diversifying their energy portfolio through strategic acquisitions. Danos Ventures has been established to lead this...
Baker Hughes And HIF Global Collaborate On Direct Air Capture Technology
Baker Hughes and HIF Global, an eFuels company, will cooperate on the development of technology to capture carbon dioxide (CO2) directly from the. HIF Global and Baker Hughes intend to test Baker Hughes’ Mosaic...
Aypa Power Acquires Indiana Energy Storage Projects
Aypa Power (Aypa), a Blackstone portfolio company that develops, owns, and operates utility-scale energy storage and hybrid renewable energy projects, has closed on the purchase of two standalone battery energy storage (BESS) projects in...
Equal Access To US Forestry For African American Landowners
Drax, a producer and user of sustainable biomass, has announced a new partnership with the Federation of Southern Cooperatives to help African American farmers, landowners, and cooperatives in the southern United States with greater...
Turboden Technology For European Pulp And Paper Company Decarbonization Project
Turboden, a Mitsubishi Heavy Industries group company, will provide a large heat pump (LHP) system to a European company in the pulp and paper industry that will feed its process with steam.
LHPs are utility-scale...
Rivian EV Production Set To Double In 2023
Electric vehicle (EV) maker, Rivian Automotive (Rivian), reported its Q4 2022 and full-year 2022 earnings on February 28, 2023. The company has produced more than 25,000 vehicles since production began in late 2021. For...
No Going Back
This article was written by Jack Kerfoot.
The United States has significantly reduced its consumption of coal since the early 2000s. In 2005, coal was used to generate about 50% of US electricity, but by...
Nassimi Announces PFAS-Free Production Of All Fabrics
Nassimi, a textile manufacturer and sustainable performance upholstery material company, has moved to eradicate per- and polyfluoroalkyl substances (PFAS) from all new production. Nassimi said that it was the first textile company to produce...
GLE Commences Engineering On Canadian Carbon Sequestration Project
Gas Liquids Engineering Ltd. (GLE) has announced the commencement of front-end engineering and design (FEED) on a carbon dioxide (CO2) pipeline, compression, and sequestration system for Whitecap Resources (Whitecap), in the province of Saskatchewan,...
