March 29, 2021 archive

Enable Midstream advances $7.2 billion purchase by Energy Transfer

  Oklahoma City’s Enable Midstream Partners on Sunday set an April 8 date to officially determine and identify holders of its common units in order to continue with the $7.2 billion acquisition by Energy Transfer LP of Dallas. Under the terms originally announced in February, Enable’s common unitholders will receive 0.8595 Energy Transfer common units …

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Baker Hughes expands carbon capture efforts

  Baker Hughes announced it has entered into a global exclusive licensing agreement with SRI International to use SRI’s Mixed-Salt Process for CO2 capture. The deal will expand Baker Hughes’ efforts to treat flue gases from fossil fueled power plants, gas turbines, industrial applications and cement industry. It also followed the company’s acquisition of Compact …

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February storm resulted in 8% production drop for Devon Energy

    Devon Energy on Monday indicated in a guidance for the first quarter and full-year 2021 that the severe winter weather in February caused an expected 8% reduction in production. The company stated that it has restored its production to levels prior to the storm and expects the weather-related downtime to be confined to …

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