PITTSBURGH— United States Steel Corporation (NYSE: X) (“U. S. Steel”) released a new economic impact analysis today, conducted by Parker Strategy Group, that assesses how the proposed $1 billion investment committed by Nippon Steel Corporation (“Nippon Steel”) to modernize U. S. Steel’s Mon Valley Works following the closing of the pending merger with U. S. […]
SPRING, Texas – ExxonMobil (NYSE: XOM) has signed a non-binding memorandum of understanding (MOU) with SK On, a global leading electric vehicle (EV) battery developer, that opens the door to secure a multiyear offtake agreement of up to 100,000 metric tons of MobilTM Lithium from the company’s first planned project in Arkansas. SK On plans […]
Toyota Logistics Services at the Port of Portland recently received a special delivery from Chevron: 4,000 gallons of a renewable gasoline blend. Compared with traditional gasoline, it could reduce a vehicle’s lifecycle carbon dioxide emissions by more than 40%. At the Port of Portland site, this renewable blend was put in an existing fuel storage […]
Pocatello, Idaho, is advancing a project to revitalize the city’s Portneuf River corridor through enhancements that will promote ecosystem health and water recreation.rnThe city recently completed additional public access points and has plans for riverfront parks, hike-and-bike trails, and streambank restoration to aid water quality.rnstrong>Marathon Petroleum’s midstream segment, MPLX, provided a $20,000 grant and employee […]
HOUSTON — Phillips 66 (NYSE: PSX) announced today it has agreed to sell its 25% non-operated common equity interest in Rockies Express Pipeline LLC (REX) to a subsidiary of Tallgrass Energy, LP (TGE) for an enterprise value of approximately $1.275 billion. TGE is the operator of REX and will own 100% of the common equity […]
Spring, Texas – Exxon Mobil Corporation (NYSE: XOM) announced today that Maria Jelescu Dreyfus has joined its board of directors, effective May 3, 2024. Ms. Dreyfus is CEO and founder of Ardinall Investment Management, an investment firm focused on sustainable investing and resilient infrastructure. “With the close of our Pioneer merger, we gained a premier, […]
HOUSTON and LONDON – Baker Hughes (NASDAQ: BKR), an energy technology company, released its 2023 corporate sustainability report Wednesday, outlining progress in advancing sustainability through improved performance in its environmental, social and governance (ESG) metrics. Specifically, the Company reported a reduction of Scope 1 and 2 emissions by 28.3% from its baseline in absolute emissions. […]
HOUSTON – ConocoPhillips (NYSE: COP) and Marathon Oil Corporation (NYSE: MRO) announced today that they have entered into a definitive agreement pursuant to which ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion, inclusive of $5.4 billion of net debt. Under the terms of the agreement, Marathon Oil […]
Houston, TX – Chevron Pipe Line Company (CPL), a subsidiary of Chevron Corporation, and American Aerospace Technologies, Inc. (AATI) received a first-of-its-kind waiver from the U.S. Federal Aviation Administration (FAA) to conduct unmanned aircraft surveillance in the San Joaquin Valley. The AiRanger Unmanned Aircraft System (UAS) was designed by AATI a leader in intelligent airborne […]
BP Pulse, BP’s electric vehicle charging brand, has acquired the freehold of one of the largest truck stops in Europe, Ashford International Truckstop in Kent, as part of its drive to support HGV fleets as they electrify. Strategically located off junction 10 and 10a of the M20, Ashford International Truckstop is close to Dover, the […]
