I Squared, Enbridge and MPLX to buy majority stake in Matterhorn natural gas pipeline

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.…

U.S. oil production has likely peaked and will start to decline due to price plunge, Diamondback CEO warns

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…

Engineers build record-breaking wind turbine with material no one saw coming: ‘It’s not difficult to envision’

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…

Colombia avanza en negociaciones con Catar para importar gas natural a partir de 2026

foto: freepik En respuesta a la preocupación por el abastecimiento de gas natural en Colombia más allá de 2026, el Gobierno Nacional ha iniciado conversaciones formales con Catar para importar este recurso energético. La decisión se tomó luego de que el presidente Gustavo Petro diera instrucciones directas a Ecopetrol en marzo pasado para buscar nuevos mercados de…

La minería, motor de desarrollo para el Caribe, busca seguir siendo sostenible en medio de los retos que enfrenta el sector

foto: freepik Con iniciativas enfocadas en el bienestar social, ambiental y educativo, Drummond ha mejorado la calidad de vida de miles de personas y les ha brindado más herramientas para el desarrollo económico y social de sus comunidades. El carbón es uno de los bienes que más ha impulsado el desarrollo y el progreso del…

La salida de Shell marca un golpe para el sector energético en Colombia, advierte Campetrol

foto: freepik La salida de Shell destaca las dificultades que enfrenta Colombia para consolidarse como un mercado atractivo en la industria petrolera. A propósito del anuncio de la salida de Shell de Colombia, la Cámara Colombiana de Petróleo, Gas y Energía (Campetrol) advirtió sobre el difícil momento que pasa el sector energético nacional, marcando un nuevo capítulo en la…

Council gets £762k for energy improvements

photo:  freepik A Devon council has been awarded more than £760,000 of funding to deliver energy efficiency improvements to some of its buildings. North Devon Council said £762,065 from the government’s Public Sector Decarbonisation Scheme would be used to improve Ilfracombe’s Landmark Theatre and the Brynsworthy Environment Centre in Fremington. Improvements funded by the grant…