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CF Industries announces CO2 transport and sequestration project with Exxon
Clean Energy’s RNG production facility breaks ground at South Fork Dairy
Masdar partners with Endesa in €1.7 billion renewable energy transaction in Spain
DOE invests $371 million in 20 projects to accelerate transmission permitting
I Squared to invest $200mm for “Last-Mile” electric grid infrastructure in the UK
Vital Energy and NOG to acquire Vortus-backed Point Energy for $1.1 billion
Permian Resources announces $818mm bolt-on acquisition from Oxy
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CF Industries is implementing a carbon capture and sequestration (CCS) project at its Yazoo City Complex to reduce CO2 emissions by 500,000 metric tons annually
A definitive agreement with ExxonMobil is in place for transport and sequestration of the captured CO2
Sequestration is expected to begin in 2028 after a $100 million investment in a CO2 dehydration and compression unit
The project is aimed at achieving the company's 2030 emissions intensity reduction goal and providing low-carbon ammonia production
CF Industries has another CCS project with ExxonMobil at its Donaldsonville, Louisiana, facility for sequestering 2 million tons of CO2 annually
The company's goal is to accelerate the transition to clean energy by providing green and low-carbon hydrogen and nitrogen products
Clean Energy Fuels Corp. has broken ground on a renewable natural gas (RNG) production facility at South Fork Dairy in Dimmitt, Texas.
The facility, home to a 16,000-cow herd, will produce RNG, an ultra-clean transportation fuel made from organic waste with a negative carbon-intensity score.
The construction of digesters and processing plant at the facility is estimated to cost $85 million and is set to be completed in 2025.
Once completed, the South Fork Dairy facility is expected to produce 2.6 million gallons of RNG annually, which will be integrated into Clean Energy's national network of stations.
GA Drilling partners with Petrobras for a technical cooperation program
Aims to revolutionize industry with next-generation downhole drilling system
Collaboration to reduce well construction costs and risks in challenging drilling applications
Goal is to enable deep and complex offshore wells to be drilled from a light intervention vessel
New technology includes drilling automation, control systems, and real-time wireline communications
The transaction would see Masdar become a partner for 2.5 gigawatts (GW) of renewable energy assets in Spain
Masdar will invest €817m to acquire a 49.99% stake in 2GW of solar energy plants in Spain
Masdar has also signed an MoU with Endesa to explore an alliance for renewable energy projects in Spain
The partnership is expected to help Spain meet its NECP targets and the EU's net zero by 2050 target
Agreement cements Masdar's position in Spain, one of EU's largest solar markets, advancing growth plans in Europe
SkyVest Renewables was created by ArcLight to operate and optimize renewables assets with a highly experienced team and advisory board.
The initiative includes an initial $500 million capital commitment for new investments and brownfield development.
A 160 MW operating wind farm has been acquired, reflecting the strategy and value-add focus of the initiative.
The initiative aims to target operating utility-scale wind and solar assets in North America.
In an ongoing effort to accelerate the permitting of high-voltage, interstate transmission projects, the U.S. Department of Energy announced 20 projects across 16 states receiving up to $371 million.
Administered by DOE's Grid Deployment Office, the grants will advance at least 16 high-impact transmission lines across the country.
Selected projects include providing resources to state and local siting agencies, upgrading critical infrastructure in impacted communities, investing in community upgrades, and supporting localized workforce development.
The DOE plans to release a second Transmission Siting and Economic Development (TSED) funding opportunity in Fall 2024.
I Squared announced a $200 million investment for last-mile electric grid infrastructure in the UK.
The investment will facilitate the launch of a new Independent Distribution Network Operator (IDNO) named Aurora.
The platform will connect customers to the electricity network, promoting electrification for EV charging, battery storage, and housing developments.
Aurora will handle electrical connection infrastructure, including transformers and power cables, to enhance new technologies.
Vital Energy, Inc. has signed a definitive agreement to acquire assets from Point Energy Partners for $1.1 billion, targeting increased operational scale in the Delaware Basin.
The transaction will be an all-cash deal where Vital Energy acquires 80% and Northern Oil and Gas, Inc. acquires 20% of Point’s assets.
The acquisition will add 68 gross (49 net) inventory locations and approximately 16,300 net acres.
The assets are projected to produce around 30.0 MBOE/d (67% oil) as of the effective date.
The transaction will grow Vital Energy’s Delaware Basin footprint by approximately 25% to 84,000 net acres.
Permian Resources Corporation announced a definitive agreement to purchase approximately 29,500 net acres and 9,900 net royalty acres in the Delaware Basin from Occidental for $817.5 million.
The deal includes substantial midstream assets, such as over 100 miles of pipelines and a robust water infrastructure system.
Over 200 gross operated, two-mile locations with high net revenue interests are included in the acquired acreage.
The acquired assets are predominantly located in Reeves County, Texas, and have minimal future drilling requirements.
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
