Verlume, Kraken Team Up to Develop Subsea Power Storage Tech
The collaboration introduces Kraken’s military-grade battery technology into offshore commercial markets and Verlume’s storage solutions into the global defense sector.
Gold Reserve Moves to Have Rival Elliott Bid for Citgo Parent Disqualified, Filing Says
Gold Reserve filed a motion to disqualify a rival bid from an affiliate of hedge fund Elliott Investment Management that a Delaware court this month selected as frontrunner in an auction for Citgo Petroleum’s parent.
General Atomics Invests $20MM in Canadian Fusion Energy JV
: General Atomics made a $20 million, 10-year investment in Canadian joint venture Fusion Fuel Cycles Inc. to develop a tritium fuel cycle test facility.
CEO: Infinity Natural Resources Eyes More Utica, Marcellus M&A
Newly public E&P Infinity Natural Resources sees opportunities to roll up additional Utica and Marcellus leasehold in Appalachia. “We’re buying,” Infinity CEO Zack Arnold said at Hart Energy’s DUG Appalachia.
Mexico’s Dos Bocas Refinery Offline Due to Power Outage, Sources Say
A prolonged outage of the refinery could push Mexico to seek more imports from the international market, especially the U.S.
Greylock Sells Wyoming Assets, Plans ‘Targeted Acquisitions’
Greylock Energy’s Kyle Mork says the company has also entered the Utica Shale and is drilling test wells.
EU Carmakers Warn Combustion Engine Ban Is No Longer Feasible
By William Wilkes European carmakers said the European Union’s planned ban on combustion engines is no longer realistic, warning that climate rules risk weakening the region’s auto industry and its supplier network. In a letter, leaders of the industry’s main lobby groups urged European Commission President Ursula von der Leyen to revisit plans to phase …
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BP Refinery in Whiting, Indiana, Back to Normal Operations
(Reuters) – BP’s 440,000-barrel-per-day refinery in Whiting, Indiana, is back to operating at normal rates after taking multiple units offline due to a severe thunderstorm last week, industry monitor IIR said on Wednesday. Operations at the Whiting refinery were affected due to flooding after a thunderstorm swept through the region. BP did not immediately respond …
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EQT in Talks With NextDecade for LNG Supply, Bloomberg News Reports
(Reuters) – EQT Corp is in talks to take a supply of liquefied natural gas from NextDecade’s export terminal, which is being built in Texas, Bloomberg News reported on Wednesday, citing people familiar with the matter. Under the terms of the potential deal, EQT would load the super-chilled fuel from the Rio Grande LNG export …
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US Imported Venezuelan Crude Oil For The First Time Last Week Since July, EIA Says
(Reuters) – The United States imported crude oil from Venezuela last week for the first time since Washington gave Chevron Corp a new license to operate in the South American country, data from the Energy Information Administration showed. About 74,000 barrels per day of Venezuelan crude oil arrived at U.S. ports in the week ended …
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