President Joe Biden and German Chancellor Angela Merkel last month reached an agreement that allows the pipeline that will take Russian gas to Germany to proceed.
PGNiG, Poland’s biggest gas company, signed a 20-year agreement for LNG supples with Sempra in 2018, as part of its bigger plan to cut reliance on gas imports from Russia.
The acquisition of Inspire Energy, a renewable energy residential retailer with joint headquarters in Santa Monica and Philadelphia, advances Shell’s strategy to build and scale renewable and low-carbon businesses, the European supermajor said.
German Chancellor Angela Merkel on July 22 defended a deal with the United States that allows the Nord Stream 2 gas pipeline to proceed as a pragmatic compromise, but Ukraine said the agreement was too weak to ensure Russia behaves the way Kyiv and the West want.
Here’s a snapshot of recent energy deals including Kinder Morgan’s entry into the energy transition space through a $310 million acquisition.
U.S. officials insist they continue to oppose the Nord Stream 2 gas pipeline, but said the U.S.-German agreement would mitigate the possibility of Russia using energy as a weapon.
How the EU and U.S. invest in oil, gas and renewables is leading the powerhouse nations toward starkly different futures.
“Good friends can disagree,” Biden told reporters after two meetings with Merkel at the White House where they discussed Russia’s Nord Stream 2 natural gas pipeline.
Exxon Mobil has signed a memorandum of understanding to participate in a carbon capture and storage (CCS) project in Scotland, the U.S. oil and gas producer said on July 16.
Here’s a snapshot of recent energy deals including the combination of Eagle Ford producers Penn Virginia and Lonestar, the sale of Hawkwood Energy plus the merger of Plains’ Permian Basin assets with Oryx Midstream.