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United States M&A activity for upstream oil and gas deals set records in 2011 for both deal values and deal counts, according to PLS, Inc., a provider of information, marketing and advisory services for the oil and gas industry. Values of US upstream M&A oil and gas M&A deals, 2006-2011. Wise, President of PLS. Click to enlarge.
Exxon Mobil Corporation is acquiring XTO Energy Inc. The agreement, which is subject to XTO stockholder approval and regulatory clearance, will enhance ExxonMobil’s position in the development of unconventional natural gas and oil resources. in an all-stock transaction valued at $41 billion.
American Electric Power has signed on as a corporate sponsor of The Pickens Plan, proposed by oil and gas industry veteran T. We can’t significantly develop renewable energy resources, reduce greenhouse gas emissions and introduce competition for liquid transportation fuels without a well-designed, reliable national transmission grid.
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SymPowerco Corporation, holder of a direct methanol fuel cell technology, has acquired 70% ownership in both Highline Hydrogen Hybrids, Inc. Under the SymPowerco umbrella, HMSI will manufacture its advanced vehicles at HMSI’s new facility in Dumas, Arkansas. Polygenic was formed in 2007 by Ethanoil and Gas Corp.
Louis Post-Dispatch , the Missouri State Attorney General, along with Ohio, Alabama, Arkansas, Georgia, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Montana, Nebraska, Oklahoma, South Carolina, Texas, Utah, and West Virginia have sued to prevent CARB from banning new ICE vehicles after 2035. Shoot me an email at william@teslarati.com.
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Superalloy for Heavy Duty Gas Turbine Wheels for Improved Combined Cycle Efficiency General Electric Company will partner with The Ohio State University to help increase combined cycle turbine efficiency for next generation advanced cycle operations that require new alloys capable of operating at 1,200 degrees and above. Siemens Corporation.
Feature: The Genesis Experience Son-Nim – “Honored Guest” Corporations are well-known for saying how much they care about and value their customers. Not all succeed as talk is cheap, actions are tough, and many don’t do so well following through. Story by John Faulkner. Photos by John Faulkner and Genesis.
REGULATORY RISKS In Oklahoma, which has several brine deposits, the Oklahoma Corporation Commission – which oversees oil and gas development – said it has no jurisdiction over lithium production and royalties, and referred comment to the state’s Department of Mines, which said it also does not oversee lithium. .
& They’ve been joined by Alabama, Alaska, Arkansas, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Montana, Nebraska, New Hampshire, North Dakota, Ohio, Oklahoma, South Carolina, South Dakota, Utah, Virginia and Wyoming in the suit.& Swelling vehicle prices was another issue.&
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