Here’s a snapshot of recent energy deals including Chesapeake Energy’s $1.4 billion deal to sell Eagle Ford Shale acreage in the Brazos Valley region to WildFire Energy, and Matador Resource’s $1.6 billion bolt-on acquisition in the northern Delaware Basin.
The joint venture between CGX Energy Inc. and Frontera Energy Corp. begins drilling in Guyana as the region becomes an oil exploration hot spot.
The California facility is expected to produce up to 2,400 metric tons per year of hydrogen and come online in first-quarter 2024, the companies say.
Perma-Pipe International Holdings will hold 60% of the joint venture, while Zamil Industrial Investment subsidiary Gulf Installation Group will hold the remaining 40%.
The project aims to produce 150,000 mt of blue ammonia and 10,000 mt of blue hydrogen annually, according to a Jan. 4 news release from CRC.
Equinor and RWE’s partnership will strengthen Europe’s energy supply security during its transition away from coal and other CO₂-heavy energy sources.
Along with land restoration efforts, Tallgrass will allocate $3 million towards community reclamation.
The investment opens up opportunities to explore low-carbon energy business development.
Further collaboration is on the horizon as the companies and two other deals are expected to be completed in 2023.
The companies intend to contribute to Europe’s renewable energy sector with their combined PV technologies.