Paul J. Gough - HoustonNewMedia.org https://houstonnewmedia.org/author/paul-j-gough/ Building "Bridges" Across the Bayou City! Tue, 11 Feb 2025 13:23:43 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.3 https://i0.wp.com/houstonnewmedia.org/wp-content/uploads/2022/11/cropped-cropped-Houston.png?fit=32%2C32&ssl=1 Paul J. Gough - HoustonNewMedia.org https://houstonnewmedia.org/author/paul-j-gough/ 32 32 103504436 Nippon Steel, U.S. Steel silent on revised deal after Trump’s surprise announcement https://houstonnewmedia.org/nippon-steel-u-s-steel-silent-on-revised-deal-after-trumps-surprise-announcement/?utm_source=rss&utm_medium=rss&utm_campaign=nippon-steel-u-s-steel-silent-on-revised-deal-after-trumps-surprise-announcement Tue, 11 Feb 2025 13:23:43 +0000 http://houstonnewmedia.org/?guid=1f4334f7090317d5a9f5bc63675de198 Nippon Steel and United States Steel remain mum about their next moves following President Trump's unexpected intervention in their merger plans.

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]]> 900941 Government delays enforcement of order to dissolve $14.9 billion U.S. Steel-Nippon Steel deal https://houstonnewmedia.org/government-delays-enforcement-of-order-to-dissolve-14-9-billion-u-s-steel-nippon-steel-deal/?utm_source=rss&utm_medium=rss&utm_campaign=government-delays-enforcement-of-order-to-dissolve-14-9-billion-u-s-steel-nippon-steel-deal Tue, 14 Jan 2025 19:37:35 +0000 http://houstonnewmedia.org/?guid=808d8543f07fb22d664c48da7e91cb1d The companies now have six months — instead of 30 days as President Biden's order previously said — as they work to appeal the order.

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]]> 881313 U.S. Steel, Nippon Steel blame Biden, Cleveland Cliffs and USW leadership for blocking deal https://houstonnewmedia.org/u-s-steel-nippon-steel-blame-biden-cleveland-cliffs-and-usw-leadership-for-blocking-deal/?utm_source=rss&utm_medium=rss&utm_campaign=u-s-steel-nippon-steel-blame-biden-cleveland-cliffs-and-usw-leadership-for-blocking-deal Mon, 06 Jan 2025 18:01:39 +0000 http://houstonnewmedia.org/?guid=09a888defdb615ed1cac4bccf73fcb37 Biden's decision ended a yearslong pause on the deal, which would have resulted in Nippon Steel moving its main U.S. office from Houston to Pittsburgh.

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]]> 875063 Crown Castle to lay off 10% of workforce, close some offices https://houstonnewmedia.org/crown-castle-to-lay-off-10-of-workforce-close-some-offices/?utm_source=rss&utm_medium=rss&utm_campaign=crown-castle-to-lay-off-10-of-workforce-close-some-offices Tue, 11 Jun 2024 17:49:32 +0000 http://houstonnewmedia.org/?guid=d5e2e4693f8f73bd394d5baaaea96c12 "We are implementing changes designed to drive operational efficiencies and to enhance returns in fiber solutions and small cells," Crown Castle's CEO said.

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]]> 780542 Airlines, manufacturers form Sustainable Aviation Fuel Coalition to advance industry https://houstonnewmedia.org/airlines-manufacturers-form-sustainable-aviation-fuel-coalition-to-advance-industry/?utm_source=rss&utm_medium=rss&utm_campaign=airlines-manufacturers-form-sustainable-aviation-fuel-coalition-to-advance-industry Wed, 01 May 2024 16:44:30 +0000 http://houstonnewmedia.org/?guid=4a52a28e3f2ea65721211c99d1cc6510 The newly formed Sustainable Aviation Fuel Coalition wants to see federal policies that would help create a robust domestic market with lower prices and higher supply.

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]]> 762355 Nippon Steel to move US headquarters from Houston to Pittsburgh as part of United States Steel Corp. acquisition https://houstonnewmedia.org/nippon-steel-to-move-us-headquarters-from-houston-to-pittsburgh-as-part-of-united-states-steel-corp-acquisition/?utm_source=rss&utm_medium=rss&utm_campaign=nippon-steel-to-move-us-headquarters-from-houston-to-pittsburgh-as-part-of-united-states-steel-corp-acquisition Fri, 22 Mar 2024 12:44:12 +0000 http://houstonnewmedia.org/?guid=c8ca92f325e880326f403e9524de5c45 The deal has run into bipartisan opposition in Congress — as well as from both President Joe Biden and former President Donald Trump — and United Steelworkers.

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]]> 739120 Ex-CEO talks about why he’s launching proxy battle for Crown Castle https://houstonnewmedia.org/ex-ceo-talks-about-why-hes-launching-proxy-battle-for-crown-castle/?utm_source=rss&utm_medium=rss&utm_campaign=ex-ceo-talks-about-why-hes-launching-proxy-battle-for-crown-castle Wed, 21 Feb 2024 22:01:27 +0000 http://houstonnewmedia.org/?guid=20109bd9860fe4df91ac4cdb72c16f69 Ted Miller said he's willing to step in as executive chairman, and that he has remained in the industry even after leaving Crown Castle.

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]]> 728174 EPA plans to charge oil and gas producers for some waste methane emissions https://houstonnewmedia.org/epa-plans-to-charge-oil-and-gas-producers-for-some-waste-methane-emissions/?utm_source=rss&utm_medium=rss&utm_campaign=epa-plans-to-charge-oil-and-gas-producers-for-some-waste-methane-emissions Tue, 16 Jan 2024 14:05:49 +0000 http://houstonnewmedia.org/?guid=31cd3eb311f26be3befe48b08ab01fc9 The proposed rule will be debated by environmentalists and the industry.

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]]> 714037 EQT completes deal to acquire Tug Hill, XcL Midstream after FTC agreement https://houstonnewmedia.org/eqt-completes-deal-to-acquire-tug-hill-xcl-midstream-after-ftc-agreement/?utm_source=rss&utm_medium=rss&utm_campaign=eqt-completes-deal-to-acquire-tug-hill-xcl-midstream-after-ftc-agreement Wed, 23 Aug 2023 12:54:29 +0000 http://houstonnewmedia.org/?guid=b1faf210fb2aecc446f63f0705d58ce0 Pittsburgh-based EQT Corp.'s acquisition of Tug Hill and XcL Midstream from Houston-based Quantum Equity Partners had been held up for months due to a review by the Federal Trade Commission that required changes to the deal.

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]]> 648913 U.S. Steel rebuffs buyout offer by Cleveland-Cliffs, starts strategic review https://houstonnewmedia.org/u-s-steel-rebuffs-buyout-offer-by-cleveland-cliffs-starts-strategic-review/?utm_source=rss&utm_medium=rss&utm_campaign=u-s-steel-rebuffs-buyout-offer-by-cleveland-cliffs-starts-strategic-review Mon, 14 Aug 2023 20:01:42 +0000 http://houstonnewmedia.org/?guid=1255523357a612e96fb101c3816cfbc3 Cleveland-Cliffs, an Ohio-based steel producer, disclosed Sunday afternoon that it had made an offer for United States Steel Corp. that was rejected by the Pittsburgh-based company's board. Cleveland-Cliffs said it was still willing to engage in talks ...

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]]> 644640 EQT working with regulators on acquisition of driller Tug Hill and XcL Midstream https://houstonnewmedia.org/eqt-working-with-regulators-on-acquisition-of-driller-tug-hill-and-xcl-midstream/?utm_source=rss&utm_medium=rss&utm_campaign=eqt-working-with-regulators-on-acquisition-of-driller-tug-hill-and-xcl-midstream Tue, 21 Feb 2023 13:25:14 +0000 http://houstonnewmedia.org/?guid=ccb11be9a03bf663559e8d630c08a70b EQT and the seller, Houston-based private equity firm Quantum Energy Partners, originally planned for the deal to be done by the end of last year.

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]]> 552722 EQT extends deadline for $5.2B purchase of Tug Hill, XcL Midstream until late 2023 https://houstonnewmedia.org/eqt-extends-deadline-for-5-2b-purchase-of-tug-hill-xcl-midstream-until-late-2023/?utm_source=rss&utm_medium=rss&utm_campaign=eqt-extends-deadline-for-5-2b-purchase-of-tug-hill-xcl-midstream-until-late-2023 Wed, 04 Jan 2023 19:00:23 +0000 http://houstonnewmedia.org/?guid=b213181980eafac9c648e1b07a758209 EQT disclosed in a Securities and Exchange Commission filing that the purchase agreement had been amended to allow an extra year for the deal to be done.

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]]> 511544 Rice Acquisition Corp. II sees future of natural gas in $1.4B Net Power deal https://houstonnewmedia.org/rice-acquisition-corp-ii-sees-future-of-natural-gas-in-1-4b-net-power-deal/?utm_source=rss&utm_medium=rss&utm_campaign=rice-acquisition-corp-ii-sees-future-of-natural-gas-in-1-4b-net-power-deal Wed, 28 Dec 2022 12:00:00 +0000 http://houstonnewmedia.org/?guid=57b1111dd6d465949ffaa10a139ed251 Pittsburgh-based Rice Acquisition Corp. II's $1.4 billion acquisition of Net Power is a bet on the smaller company's technology to find a lower-cost place in the energy transition for natural gas as well as another use case for carbon capture and storage.

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]]> 505349 Rice Acquisition Corp. II plans $1.4B merger with Net Power https://houstonnewmedia.org/rice-acquisition-corp-ii-plans-1-4b-merger-with-net-power/?utm_source=rss&utm_medium=rss&utm_campaign=rice-acquisition-corp-ii-plans-1-4b-merger-with-net-power Fri, 16 Dec 2022 12:15:00 +0000 http://houstonnewmedia.org/?guid=9d3fc0766ead78939817c28dc2a15598 The original Rice Acquisition Corp. took Archaea Energy Inc. (NYSE: LFG) public in September 2021. Now, Rice Acquisition Corp. II (NYSE: RONI) plans to combine with Net Power, a North Carolina-based company that developed a specialized natural gas powe...

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]]> 495778 Regulators want more details before approving EQT’s proposed acquisition of Tug Hill https://houstonnewmedia.org/regulators-want-more-details-before-approving-eqts-proposed-acquisition-of-tug-hill/?utm_source=rss&utm_medium=rss&utm_campaign=regulators-want-more-details-before-approving-eqts-proposed-acquisition-of-tug-hill Tue, 06 Dec 2022 20:53:06 +0000 http://houstonnewmedia.org/?guid=d95119cc63427ac2102c95defe598ea4 The request was disclosed in a U.S. Securities and Exchange Commission filing Dec. 2.

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]]> 487480 Shell petrochemical plant in Beaver County, Pennsylvania, now operational https://houstonnewmedia.org/shell-petrochemical-plant-in-beaver-county-pennsylvania-now-operational/?utm_source=rss&utm_medium=rss&utm_campaign=shell-petrochemical-plant-in-beaver-county-pennsylvania-now-operational Tue, 15 Nov 2022 21:03:35 +0000 http://houstonnewmedia.org/?guid=14f03788eceabafa810e75544eee8d45 While Shell made it official in 2012 that it was considering a petrochemical plant in Appalachia and then finally centered on Beaver County, it took four years for the company to make the final investment decision.

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]]> 469560 How EQT CEO Toby Rice sees pending $5.2B acquisition of Tug Hill, XcL https://houstonnewmedia.org/how-eqt-ceo-toby-rice-sees-pending-5-2b-acquisition-of-tug-hill-xcl/?utm_source=rss&utm_medium=rss&utm_campaign=how-eqt-ceo-toby-rice-sees-pending-5-2b-acquisition-of-tug-hill-xcl Mon, 19 Sep 2022 19:48:22 +0000 http://houstonnewmedia.org/?guid=454fafe87583783d06bec16f5ef2761b "This is something that we've been looking at for over a year," Rice said.

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]]> 424510 EQT shares hit 52-week high after $5.2B deal reached with Quantum https://houstonnewmedia.org/eqt-shares-hit-52-week-high-after-5-2b-deal-reached-with-quantum/?utm_source=rss&utm_medium=rss&utm_campaign=eqt-shares-hit-52-week-high-after-5-2b-deal-reached-with-quantum Tue, 13 Sep 2022 20:32:31 +0000 http://houstonnewmedia.org/?guid=ce51b312c13c8b27e8c7dfdd414228b2 Year-to-date, EQT's shares are up 131% already amid a hot natural gas market and the company's improved financials.

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]]> 420355 EQT’s $5.2B deal marks 2022’s largest shale M&A and makes Quantum a big shareholder https://houstonnewmedia.org/eqts-5-2b-deal-marks-2022s-largest-shale-ma-and-makes-quantum-a-big-shareholder/?utm_source=rss&utm_medium=rss&utm_campaign=eqts-5-2b-deal-marks-2022s-largest-shale-ma-and-makes-quantum-a-big-shareholder Wed, 07 Sep 2022 18:59:35 +0000 http://houstonnewmedia.org/?guid=3a605a000407d77fd8a5c7ec0e6a644c EQT Corp.'s (NYSE: EQT) planned $5.2 billion acquisition of Tug Hill and XcL Midstream represents the largest shale M&A deal announced so far in 2022 and will make Houston-based Quantum Energy Partners either the largest or second-largest shareholder o...

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]]> 415417 EQT to acquire Appalachian shale producer, midstream company in $5.2B deal with Quantum https://houstonnewmedia.org/eqt-to-acquire-appalachian-shale-producer-midstream-company-in-5-2b-deal-with-quantum/?utm_source=rss&utm_medium=rss&utm_campaign=eqt-to-acquire-appalachian-shale-producer-midstream-company-in-5-2b-deal-with-quantum Wed, 07 Sep 2022 12:26:21 +0000 http://houstonnewmedia.org/?guid=db3db01fa18db7a5813cd6242b5c3957 EQT will pay $2.6 billion in cash and $2.6 billion in EQT stock, the latter worth about 55 million shares, to Houston-based Quantum Energy Partners.

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