Lydian Closes BESS Project Financing for $233MM
Lydian Energy secured $233 million in project financing from ING and KeyBank to advance battery energy storage system projects in Texas’ ERCOT market.
Hilcorp Joins Monster Western Haynesville; Mitsui Rigs Up
Hilcorp Energy made two horizontal recompletions in vintage wells in the area, while Mitsui E&P USA has pulled four permits, according to Texas Railroad Commission files.
Earth-Shaking Challenges for Permian Produced Water
E&Ps are being faced with the challenge of what to do with a whopping 22 MMbbl/d of produced water this year. The problem could be an opportunity for midstream companies or those hoping to capitalize on beneficial reuse solutions.
Oil Prices Rise on Strong Gasoline Demand, Red Sea Attacks
Oil prices rose on July 9 as investors weighed strong U.S. gasoline demand data, attacks on shipping in the Red Sea, and a forecast for lower U.S. oil production.
Construction on Mississippi Gas Storage Project Gets Go-Ahead
Enstor Gas has targeted a 2028 in-service date for a 33.5 Bcf natural gas storage project in Mississippi.
Venture Global, German Company Expand LNG Deal
SEFE Energy has agreed to purchase an additional 750,000 tonnes a year from Venture Global’s Calcasieu Pass 2 LNG project.
Hess Joins Exxon, Equinor in Exit from Suriname’s Offshore Block 59
Hess relinquished the block to state-owned Staatsolie, following the withdrawal and transfer of participation stakes by partners Exxon Mobil and Equinor in 2024 to Hess.
FrontierGen Announces South Texas Campuses for Hyperscalers
FrontierGen has plans to develop “powered land” for tech company development.
Donald Trump’s Tariff Scattergun Will Miss Target
By Aimee Donnellan and Karen Kwok DUBLIN/LONDON, July 9 (Reuters Breakingviews) – A good tradesperson picks the right tool for the job. That’s not the approach Donald Trump is taking to his retooling of the American economy. The U.S. president floated 200% and 50% tariffs on drugs and copper respectively. But the outcome of hammering …
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‘Fortress Russia’ Has Confiscated $50 Billion in Assets Over Three Years, Kommersant Says
(Reuters) – Russia has confiscated assets worth 3.9 trillion roubles, or around $50 billion at current exchange rates, over the past three years, underscoring the scale of the transformation into a “fortress Russia” economic model, the Kommersant newspaper said. Foreign companies have grappled with the risk of state seizure since Russia sent troops into Ukraine …