Photo: freepik Infrastructure investment firm I Squared, Enbridge (ENB) and MPLX (MPLX) said late Tuesday they agreed to acquire equity interests in the Matterhorn Express Pipeline from Devon Energy (NYSE:DVN) and private equity firm Ridgemont Equity Partners; deal terms were not disclosed but speculation had said a deal could value Matterhorn at more than $5B including debt.…
photo: freepik Diamondback Energy expects U.S. oil production to peak and then decline this year due to low prices. CEO Travis Stice warned that falling production threatens jobs, GDP growth, the nation’s trade balance and U.S. energy security U.S. onshore oil production has likely peaked and will start to decline due to the recent plunge…
Photo: Freepik Modvion is building on the success of its record-breaking wood-based wind turbine tower built in 2023 by raising the bar another 16 meters. The Sweden-based company has received design certification for its tallest engineered-wood tower to date, measuring 119 meters tall, according to IEEE Spectrum. It was designed to support a 6.4-megawatt turbine from Danish company Vestas, although…