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Permian Resources to acquire Earthstone Energy, creating a $14B Delaware Basin independent E&P

Green Car Congress

Permian Resources Corporation and Earthstone Energy entered into a definitive agreement under which Permian Resources will acquire Earthstone in an all-stock transaction valued at approximately $4.5 Permian Resources expects to realize significant DC&F savings in the Delaware Basin through improved efficiencies and lower cost structure.

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Bloom Energy inaugurates high-volume electrolyzer production line

Green Car Congress

Bloom Energy Corporation inaugurated its high-volume commercial electrolyzer line at the company’s Newark facility, increasing the company’s generating capacity of electrolyzers to two gigawatts. The award-winning technology is the most energy-efficient design to produce clean hydrogen to date.

Energy 210
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Nikola turns to Delaware legislation to backup finance hydrogen pivot

Baua Electric

Corporate executives mentioned it might additionally lift $500 million in the future via present credit score and mortgage guarantees. The corporate confronted delisting from Nasdaq as a result of its accumulation used to be buying and selling beneath $1. However the proportion worth has recovered to related at $1.38

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GTI plans second Permian Basin field test site to maximize hydraulic fracturing efficiency and increase production

Green Car Congress

GTI (Gas Technology Institue) is leading a high-profile program on Hydraulic Fracturing Test Sites (HFTS) in the Permian Basin, bringing together government and industry to improve recovery, continue enhancing environmentally responsible methods of optimizing production, and lowering costs in the Midland and Delaware Basins.

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Over 5.8k Tesla investors representing $4.1 billion are speaking out in support of Elon Musk

Teslarati

Thousands of retail Tesla ( NASDAQ:TSLA ) investors have banded together to express their support of CEO Elon Musk’s and his 2018 compensation plan, which was rescinded by a Delaware judge last week. The group also expressed their support to the idea of Tesla moving its state of incorporation from Delaware to Texas.

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Valero to Permanently Close 210,000 bpd Delaware City Refinery

Green Car Congress

Valero Energy Corporation intends to permanently shut down its Delaware City, Delaware refinery due to financial losses caused by very poor economic conditions, significant capital spending requirements and high operating costs. Valero Delaware City Refinery. Click to enlarge.

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Neste Oil sues Dynamic Fuels, LLC, Syntroleum Corporation, and Tyson Foods for infringement on NExBTL-related patent

Green Car Congress

Neste Oil Corporation has filed a patent infringement action against Dynamic Fuels, LLC, Syntroleum Corporation, and Tyson Foods, Inc in the US District Court for the District of Delaware. Earlier post.). —Matti Hautakangas, Neste Oil’s General Counsel. Neste Oil has invested some €1.5 billion (US$1.86