** Crews have located a helicopter that crashed in the Gulf of Mexico after a takeoff from an oil platform last week. They are still searching for the bodies of the pilot and three off-shore workers. The oil platform is 10 miles off of Southwest Pass, Louisiana.
** A congressionally mandated federal oil and gas lease sale for nearly 1 million acres in the Cook Inlet in Alaska draws only one bid.
** Blackstone Inc. is getting a $4 billion cash infusion from the University of California for its massive real estate fund Blackstone Real Estate Income Trust, which has faced heightened pressure from investors pulling cash.
** Chevron U.S.A. Inc., a subsidiary of Chevron Corporation, on Tuesday closed its previously announced acquisition of full ownership of Beyond6, LLC and its nationwide network of compressed natural gas stations from Mercuria Energy Trading and Beyond6 founder Andrew West.
** Cactus, Inc. announced that it has entered into a definitive agreement to acquire FlexSteel Technologies Holdings, Inc. and its affiliates through a merger with its holding company, HighRidge Resources, Inc. and Atlas Merger Sub, LLC, a newly formed subsidiary of Cactus, Inc.
** Baker Hughes announced it was awarded a contract to create the world’s largest offshore carbon capture sequestration project for Malaysia Marine and Heavy Engineering. The project is in Sarawak, Malaysia.
** A $500,000 grant from the Department of Energy will allow research into separating carbon and hydrogen from natural gas obtained at North Dakota’s oil wells. The grant was awarded to the University of North Dakota’s UND’s College of Engineering and Mines, in consultation with H Quest Vanguard, a Pittsburgh-based energy startup.
** The first regular shipment of liquefied natural gas from the United States arrived in Germany on Tuesday, part of a wide-reaching effort to help the country replace energy supplies it previously received from Russia.
** A warmer-than-expected start to winter across large parts of the world is rapidly easing fears of a natural gas crisis that had been predicted to trigger outages and add to pressure on power bills.
** Coal and natural gas markets ended 2022 with strong gains on Friday after a global energy crisis triggered by the Russia-Ukraine war stoked prices, and tighter supplies expected in 2023 could fuel more gains.
** South Korea’s antitrust regulator said it would impose a 2.85 billion won ($2.2 million) fine on Tesla Inc for failing to tell its customers about the shorter driving range of its electric vehicles (EVs) in low temperatures.
** Bulgaria’s state gas company Bulgargaz on Tuesday signed a long-term deal with Turkish state gas firm Botas, giving it access to neighbouring Turkey’s gas network and liquefied natural gas (LNG) terminals to help bring in supplies.