Energy quick reads

** Oil and gas company Talos Energy said on Monday it will acquire privately held QuarterNorth Energy in a $1.29 billion cash and stock deal to bolster its presence in Mexico.

** A Massachusetts wind project, which recently became the first utility-scale offshore wind project to deliver electricity to the grid, wouldn’t have been financially viable if the Biden administration hadn’t intervened, according to internal documents reviewed by Fox News Digital.

** Developers of renewable energy projects selling unused U.S. tax credits to other companies now account for a market worth between $7 billion and $9 billion, buoyed by legislation in 2022 that made these trades possible, a new study shows.

** U.S. natural gas supplies fell to near a 13-month low on Monday as an Arctic blast across much of the country froze wells, while demand for the fuel for heating and power generation was set to hit a record high on Tuesday.

** Former U.S. vice president and onetime presidential hopeful Al Gore and his global coalition, Climate TRACE, have created a way to help decarbonize supply chains. Big-name companies are already taking notice, including Boeing, Tesla, Polestar, and General Motors.


** Yemen’s Huthi rebels hit a US-owned cargo vessel with a missile on Monday, the US military said, heightening fears for the volatile region after repeated attacks on shipping triggered American and British strikes.

** On January 9, 2024, authorities in the heart of Mexico uncovered the remains of nine men in vehicles near a government fuel line. Their deaths are currently under scrutiny, with early indications pointing towards probable links to fuel theft.

** Top copper supplier Chile raised its price projections for the metal based on the prospect of easing of credit conditions in the US and growing demand in the shift away from fossil fuels.

** Africa’s biggest oil refinery has begun production in Nigeria, the company has said, ending a yearslong wait for a plant that analysts said Monday could boost refining capacity in a region heavily reliant on imported petroleum products.

** Funds managing more than $4 trillion of assets have joined forces with climate activist Follow This to intensify the pressure on Shell Plc to slash its greenhouse gas emissions.

** Crown LNG will invest more than $1 billion in an Indian liquefied natural gas import terminal that it aims to open in 2028, the Norwegian company’s chief executive officer said.