RWE Acquires Majority Interest in R3 Renewables
RWE said it will acquire seven potential renewable projects in Indiana and Illinois.
Exxon to Invest Over $200MM Toward Advanced Recycling Units in Texas
Exxon Mobil Corp.’s new operations, in Baytown and Beaumont, will bring the company’s capacity to 500 million pounds per year.
Electrification of Permian Faces a Problem: Not Enough Shock for the System
Permian Basin producers may have to wait years for Texas utilities to grow the grid.
SolarBank Plans for 4.6-MW Solar Project in New York
SolarBank Corp. is developing Stone Church, a 4.6-megawatt direct current ground-mount solar project in New York.
Boosted by Oxy Deal, Permian Resources Expects to Grow in Delaware
Permian Resources co-CEO Will Hickey expects more growth in the Delaware Basin thanks to his company’s advantageous cost structure.
Valuable Waste: Synata Bio’s Microbes Convert Waste CO2 Into Ethanol
Synata Bio, an early-stage biotech company, said this week it landed a grant from China for its commercial-scale waste carbon-to-ethanol facility.
Oxy CEO Hollub Sees More Consolidation Coming in Permian, Globally
Occidental Petroleum CEO Vicki Hollub names emissions and water management as top challenges for Permian operators and an incentive for growth.
Darbonne: What are We Supposed to do Without Hydrocarbons?
Oil and Gas Investor asked individuals who understand fossil fuels if any “end oil” agitator has ever explained what the world would do without hydrocarbons. No, they haven’t gotten an answer either.
US Natgas Prices Jump 7% to 1-Year High on Surprise Storage Draw, Colder Forecasts
U.S. natural gas futures jumped about 7% to a one-year high on a surprise weekly withdrawal from storage, forecasts for colder weather and rising gas flows to liquefied natural gas export plants. The U.S. Energy Information Administration said utilities pulled 3 billion cubic feet (bcf) of gas from storage during the week ended Nov. 15. …
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Phillips 66 Indicted for Violating Clean Water Act
A grand jury has indicted Phillips 66 for illegally discharging hundreds of thousands of gallons of industrial wastewater into Los Angeles County’s sewer system.