Oil prices surged to a two-month high following an attack on a fuel tanker near Yemen, highlighting the geopolitical risks to crude supplies. West Texas Intermediate (WTI) reached over $78 a barrel, its highest level since November. The vessel, operated by Trafigura Group, was struck by a missile southeast of Aden, Yemen. Futures for refined…
Imagine if a solitary one-dollar dose had the potential to eradicate cancer. A collaborative team of researchers from multiple universities, backed by federal funding, is working on a groundbreaking bacterial therapeutic designed to precisely target cancer cells, making treatment safer and more affordable through a single, inexpensive $1 dose. In the conventional landscape of cancer…
Dallas-headquartered Rone Engineering, a prominent firm specializing in geotechnical engineering, materials testing, and environmental services, has been acquired by California-based RMA Companies. This strategic acquisition is part of RMA’s broader initiative to build a national platform for services encompassing geotechnical engineering, environmental consulting, construction materials testing, inspection, and certification to support critical infrastructure development. RMA,…
In a bid to enhance electric vehicle (EV) capabilities and promote sustainable transportation, groundbreaking battery technology is on the horizon. This innovation has the potential to redefine mobility and environmental responsibility by significantly extending the range of electric vehicles on a single charge. The momentum towards realizing this technology has gained traction, with a research…
In a significant move, Sunoco LP and NuStar Energy L.P. have jointly declared a definitive agreement, outlining Sunoco’s acquisition of NuStar in a transformative all-equity transaction valued at an impressive $7.3 billion. Under the terms of the deal, NuStar common unitholders are set to receive 0.400 Sunoco common units for each NuStar common unit, implying…
Fort Worth-based company Harnyss is set to revolutionize the hydrogen energy production and storage market with its proprietary technology. Using a patented process, Harnyss offers low-pressure hydrogen storage solutions using non-rare earth minerals, providing a safer alternative to lithium-ion batteries. The technology enables the creation of a hydrogen power system that captures atmospheric water, producing…
North Texas is set to benefit from a significant boost in electric vehicle (EV) infrastructure with the allocation of $85 million in federal energy funding. The North Central Texas Council of Governments is slated to receive $15 million to install 100 new public EV charging stations, along with an additional $70 million earmarked for the…
CPS Energy has successfully finalized an agreement to acquire 150 megawatts of solar power through a new collaboration with a Dallas-based energy company, as confirmed by the city-owned utility on Monday. Genesis Consolidated Industries Holdings Inc. is set to construct the solar farm in Caldwell County, making a significant contribution to CPS Energy’s ambitious goal…
The School of Science and Technology (SST), a charter school specializing in science, technology, engineering, and mathematics (STEM) education, has initiated the construction of its new facility in Sugar Land. The SST Sugar Land College Prep High School campus, designed by Alamo Architects and constructed by Bartlett Cocke General Contractors, marks a significant development in…
Kingham Dalton Wilson, Ltd. (KDW), a distinguished leader in the construction industry with expertise in design-build industrial and commercial construction, is increasing its presence in Central Texas. The establishment of a new office in Austin marks a significant achievement in the company’s strategic growth, tracing its roots back to 1895. The expansion aligns with the…
GenX Capital Partners, under the leadership of Managing Director Mark McClure, has recently entered a co-development venture for Azul El Paso, a multifamily project set to transform the landscape. This collaborative effort involves Prestige Development Group (PDG) from Austin and marks the initiation of a series of three Azul developments planned by the partnership over…
DFW International Airport is laying the groundwork to begin construction on its long-awaited sixth terminal as early as next month. At a board committee meeting Tuesday, Tammy Huddleston , DFW Airport’s vice president of design, code and construction presented a contract for the construction of Terminal F and its Skylink station for up to $914…
Balcones Land Co. has successfully concluded the sale of 218 acres within its Wine Trail Ranch property situated on Highway 290 between Fredericksburg and Johnson City, TX. CB Wine Tourism from Querétaro, Mexico, emerged as the buyer, acquiring the land for the development of Puerta del Lobo USA. This forthcoming luxury private estate project, surrounded…
Seoul-based Korean architect Minsuk Cho and his firm Mass Studies have been chosen to design the 23rd Serpentine Pavilion, set to open on June 5, 2024, in London’s Kensington Gardens. The pavilion, titled “Archipelagic Void,” will feature five ‘islands’ around a central void, creating smaller elements integrated with the park’s natural ecology. The pavilion will…
CRH plc, headquartered in Dublin, Ireland, is set to invest $2.1 billion in expanding its operations in Texas. The company has entered into an agreement to acquire a portfolio of cement and ready mixed concrete assets in Texas from Martin Marietta Materials, Inc. The assets include the Hunter Cement Plant in New Braunfels, a network…
The imperative for new energy sources amid environmental degradation prompts a reevaluation of energy storage methods. Lithium-ion technology, once dominant, faces criticism, leading the construction industry to propose innovative alternatives. Bricks, cement, and minerals integral to construction emerge as components of Thermal Energy Storage (TES) systems, turning buildings into thermal batteries. High-rise buildings offer potential…
The Dallas Fort Worth Minority Supplier Development Council is dedicated to fostering business connections between our buying entity members, which include corporations and public-sector agencies, and certified minority-owned businesses. Our primary goal is to meet supply chain demands, contributing to the economic development of our communities through the utilization of certified MBEs. At DFW MSDC,…
The dynamic force behind the Dallas Independent School District’s Minority/Women Business Enterprise Program can’t be attributed to solely one individual. The department’s success has been predicated upon an esteemed Board of Trustees, general superintendent, chief of staff, executive leadership, M/WBE Advisory Committee, M/WBE Advocacy organizations, and competitive business community coupled with a competent M/WBE team….
The process of pulling building permits can be complex and daunting. Every city has unique rules and procedures, and Waco, TX, is no exception. Contractors looking to start construction projects in Waco must be well-versed in the local permitting process to ensure a smooth and successful project. Here are five tips to help you get…
Markets & Markets The artificial intelligence (AI) market is on the verge of a remarkable growth trajectory, with projections indicating a surge from $150.2 billion in 2023 to an impressive $1,345.2 billion by 2030, demonstrating a substantial compound annual growth rate (CAGR) of 36.8%. This surge is largely attributed to the advancements in generative AI,…
