The US oil and natural gas sector recorded 44 mergers and acquisitions worth $9.89 billion combined in July, accounting for 51.1% of global energy deal value for the month, according to GlobalData. The figures represent a 54.5% increase from June and a 58.8% decline over the 12-month average of $23.98 billion.
The Interior Department says it received Congressional approval to relocate the headquarters of the Bureau of Land Management to Grand Junction, Colo., but some lawmakers disagree, saying they have yet to receive all the information requested regarding the move. "It's absurd for the administration to assume Congressional approval when the Committee has not yet received sufficient answers to outstanding questions about the plan's feasibility, costs, legality, and personnel issues," said Amanda Yanchury, spokeswoman for Rep. Betty McCollum, D-Minn.
Biofuels company S.G. Preston offered to buy the Philadelphia Energy Solutions refinery that caught fire in June and modify at least part of the facility to produce renewable diesel, marine diesel and jet fuels. "We can use the existing equipment, labor and regional waste streams to show the rest of the country how to bring back our jobs and industries," S.G. Preston CEO Randy LeTang said.
H2O Midstream has agreed to acquire produced water assets, including 37 miles of pipelines, nine saltwater disposal wells and four disposal well permits, from Permian Basin producer Sabalo Energy. The deal also includes a 15-year acreage dedication to provide water management services to Sabalo.
The Energy Department plans to sell up to 15 million barrels of crude oil from the Bryan Mound, Big Hill and West Hackberry Strategic Petroleum Reserve sites in Texas and Louisiana. Bids must be submitted until Aug. 27, with deliveries taking place in October and November.
The Interior Department must provide the offshore wind sector with the policy certainty needed to plan for and advance projects, which will create a $70 billion business opportunity and tens of thousands of U.S. jobs, writes American Wind Energy Association President and CEO Tom Kiernan. "This administration has made job creation and business opportunity a priority. Offshore wind will help achieve these goals and put us on a path to energy dominance if given a chance," Kiernan writes.
Connecticut is in an excellent position to embrace offshore wind, given its strong labor and environmental foundation and the state's new request for proposals to add up to 2 gigawatts of the energy source, says Connecticut Roundtable on Climate and Jobs Executive Director John Humphries. "Offshore wind has the potential to significantly reduce the electric grid's dependence on fossil fuels, improve grid reliability in the winter, and advance clean energy jobs," adds state Department of Energy and Environmental Protection Commissioner Katie Dykes.
ENGIE has begun operations at the 15-turbine, 50-megawatt Tres Mesas III Wind Farm in Mexico, just south of the Texas border. The company plans to add about 10 gigawatts of new wind and solar capacity over the next decade.
The Natural Resources Defense Council has released a state-specific tool that users can use to project the levelized cost of electricity from wind, solar, coal and other energy sources. "This tool will provide important additional data to help shape the planning process for meeting our energy needs on a local, state or regional level," says Power Sector Director Sheryl Carter.
Sen. Bernie Sanders, I-Vt., unveiled a $16.3 trillion, 10-year Green New Deal on Thursday that would help the US decarbonize its grid by switching to 100% renewables by 2030. "We are going to invest massively in wind, solar and other sustainable energies," he says.
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