Author: Naomi Klinge

With the $865 million deal, Phillips 66 said it has exceeded its goal to divest $3 billion in non-core assets.

The recycling joint venture between Exxon, LyondellBasell and Agilyx is also developing its first advanced recycling plant in Houston.

After canceling the region’s second offshore wind lease sale earlier this year, the Bureau of Ocean Energy Management said it’s received new interest.

Dixie Cullen, which operates warehousing space, is one of Houston’s fastest growing businesses with 137.3% revenue growth.

Exxon said its new low-carbon businesses could generate $3 billion of earnings in 2030 and reach $13 billion in 2040, depending on market conditions.

Pathway Energy, which recently spun out of South Carolina-based Nexus Holdings, plans to open an office in Houston within the next year.

Exxon plans to develop natural gas-fired power plants with carbon capture technology to power the artificial intelligence revolution.

The project is the first major renovation the refinery has seen since Chevron acquired it from Petrobras in 2019 for about $350 million.

Kinetik has made a slew of acquisitions in the Permian Basin this year after forming through a merger in February 2022.

Billionaire investor Carl Icahn has initiated a tender offer to buy up 17.7 million more shares in CVR Energy, increasing his ownership from 66%.