Industry News
Aug 31: Ergon Refining Announces Purchase of Fuels Terminal in Vicksburg, Mississippi
Thu., Aug 31, 2023 | Ergon FLOWOOD, Miss. — Ergon Refining Inc. has announced the finalization of an agreement to purchase a fuels terminal in Vicksburg, Mississippi, from CITGO Petroleum Corporation. The facility will offer a full slate of gasoline and diesel fuel...
$305.8 Million Deal: Global Partners LP to Acquire 25 Liquid Energy Terminals from Motiva Enterprises LLC
Underpinned by a 25-year guaranteed take-or-pay throughput agreement, the strategically located assets will significantly increase Global’s operating footprint WALTHAM, Mass.–(BUSINESS WIRE)– Global Partners LP (“Global”) (NYSE:GLP), an integrated storage,...
BREAKING: $53 Billion Deal – Chevron Announces Agreement to Acquire HESS
Chevron Press Release "World class assets and people strengthen long-term outlook Cash flow per share accretion supports higher distributions to shareholders Enhances and extends production and free cash flow growth outlook into 2030s John Hess, Hess CEO, expected to...
BREAKING: Oct 13 – Biden-Harris Administration Announces $7 Billion For America’s First Clean Hydrogen Hubs, Driving Clean Manufacturing and Delivering New Economic Opportunities Nationwide
Energy.gov Biden-Harris Administration Announces $7 Billion For America’s First Clean Hydrogen Hubs, Driving Clean Manufacturing and Delivering New Economic Opportunities Nationwide President Biden’s Investing in America Agenda Drives $50 Billion in Public-Private...
9/28: INEOS announces the acquisition of the Eastman Texas City Site for ~$500 million
Thursday, September 28, 2023 The deal includes the 600kt Acetic Acid plant and all associated third party activities on the site. Eastman and INEOS have also entered into a Memorandum of Understanding to explore options for a long-term supply agreement for vinyl...
Global Energy and Chemical Leaders Partner to Develop a Large-Scale, Low-Carbon Ammonia Production Export Project on the Houston Ship Channel – INPEX, Air Liquide Group, LSB Industries
Tokyo, Paris, Oklahoma City, and Houston – October 3, 2023 – Tokyo-based INPEX Corporation (TSEt: 1605) (“INPEX”), Paris-based Air Liquide Group (“Air Liquide”), Oklahoma City-based LSB Industries, Inc. (NYSE: LXU) (“LSB”), and Houston-based Vopak Moda Houston LLC...
9/25 NEWS: KBR Awarded Project Management Contract for Pluto LNG
Publish Date: 25 Sep 2023 HOUSTON, September 25, 2023 – KBR (NYSE: KBR) announced today that it has been awarded an engineering, procurement and construction management (EPCm) contract by Woodside Energy, as operator for and on behalf of the Pluto Joint Venture. Under...
Industrial Data Labs Raises $1.5 Million in Seed Round to Drive Innovation in Industrial Sales Processes with Applied AI
Industrial Data Labs (IDL), a Houston-based startup specializing in Applied AI technology for the PVF industry, is pleased to announce the successful closing of its seed round, securing $1.5 million in funding. This significant investment propels the company's mission...
BREAKING : Occidental Enters into Agreement to Acquire Direct Air Capture Technology Innovator Carbon Engineering – Approx $1.1 Billion
Integration of Occidental’s operations experience and Carbon Engineering’s technology improves cost and capital efficiencies, and enables Occidental to catalyze broader partnerships for DAC deployment HOUSTON, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY)...
BREAKING: Energy Transfer to Acquire Crestwood in a $7.1 Billion All Equity Transaction
August 16, 2023 at 8:00 AM EDT Unit-for-unit, credit neutral bolt-on acquisition Expected to be immediately accretive to DCF per unit upon closing Extends Energy Transfer’s position in the value chain deeper into the Williston and Delaware basins Provides entry into...