Energy
Strategic Biofuels Announces Strategic Investment from Magnolia Sustainable Energy Partners
In addition to being a strategic investor through the consortium, JX will add its expertise to the company’s LGF project, leveraging its carbon capture and sequestration (CCS) experience gained in building and operating the Petra Nova Carbon Capture, Utilization and Storage (CCUS) project near Houston.
Houston’s Quantum Energy & Denver Entrepreneurs Launch Bison IV for DJ Basin
Quantum Energy Partners, headquartered in Houston, and the management team from Bison Oil & Gas, based in Denver, have joined forces to establish Bison IV.
Texas Instruments Targets 100% Renewable Energy by 2030
Texas Instruments (TI) announced new environmental sustainability targets that expand the company’s use of renewable electricity over the next six years, with key milestones to reach 100% in its 300mm manufacturing operations by 2025, 100% in its U.S. operations by 2027, and 100% in its worldwide operations by 2030.
Texas Data Center Growth Fueled by Affordable Power and High Demand
According to CBRE, North Texas now holds the second position among U.S. markets in terms of data center inventory, with growing demand attributed in part to the surge in online activities and the expansion of AI and cloud-based technologies.
Shell Revises Climate Goals, Introduces Scope 3 Ambitions
Shell PLC, a U.K.-based supermajor with its U.S. headquarters in Houston, has decided to adjust its climate targets.
Prairie View A&M Receives $1.7M for Energy Trading Program from bp America, Shell Energy
rairie View A&M University announced that it had received a combined donation of $1,675,250 from bp America (NYSE: BP) and Shell Energy North America (US) L.P. (“Shell Energy”) to support the establishment of a dedicated energy trading program in its College of Business.
Shell Revises Climate Goals, Introduces Scope 3 Ambitions
Shell PLC, a U.K.-based supermajor with its U.S. headquarters in Houston, has decided to adjust its climate targets. The company has eliminated its 2035 carbon intensity reduction goals and has introduced new objectives, such as reducing some of its controversial Scope 3 emissions. These emissions are related to assets and activities not directly owned by…
Texas Firms & Energy: Betting on Hydrogen as Clean Energy
Energy firms and business organizations are promoting clean hydrogen as crucial for Texas to maintain its status as the global energy hub. However, the road ahead is unclear, and the outcome is uncertain. Hydrogen, the most abundant element in the universe, plays a significant role in hydrocarbons, which power oil and natural gas. It has…
bp Unveils First US bp Pulse EV Charging Gigahub™ at Houston Headquarters
bp will celebrate the opening of its new electric-vehicle charging site at its bp America headquarters in Houston, expanding its network of EV chargers in the United States.
Austin Energy’s Power Plant Proposal Opposed by Oversight Board
Austin Energy’s proposal to construct a new power plant faced rejection this week from a crucial working group of the city’s Electric Utility Commission. The group cautioned that the project was excessively costly and did not align with the city’s climate objectives. This criticism, although anticipated, further exacerbates the divide between the city-run utility and…
Sunoco’s $7.3B Acquisition of NuStar Energy: Key Points
Sunoco LP, based in Dallas, is set to acquire NuStar Energy LP, an oil pipeline and terminal operator, in a substantial $7.3 billion deal. The acquisition aims to diversify Sunoco’s business and secure a crucial segment of its supply chain. By incorporating NuStar’s existing pipelines and terminals for fuel-related products, including oil and ammonia in…
Sunoco to Buy NuStar in $7.3B Deal
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…
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