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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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Lightning Systems introduces range of AC and DC fast charge charging stations for fleet electric vehicles

Green Car Congress

Lightning Systems, a global developer of zero-emission drivetrains, introduced “Lightning On Tap” charging solutions, a comprehensive offering of AC and DC fast charge charging stations.

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NIO and Sinopec enter strategic partnership; launch of inaugural Gen2 battery swap station

Green Car Congress

Over the next few years, Sinopec plans to deploy 5,000 battery charging and swapping stations. In March 2021, Nio announced that it had completed 2,000,000 battery swaps using its first-generation swapping stations.

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California oil producer applies for LCFS credits for producing crude oil using solar-generated power

Green Car Congress

Under California’s Low Carbon Fuel Standard (LCFS), crude oil producers may generate credits for oil that has been produced using innovative methods and delivered to California refineries for processing. Seneca Resource Corporation (Seneca) has applied for LCFS credits for producing crude oil using solar generated electricity.

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Oil Industry Faces Huge Worker Shortage

Green Car Congress

The rig count has rebounded from the lows seen in late May, a small indication that oil companies in the US could begin drilling anew. Because of this, the collective US shale industry has been likened to the new “swing producer”: low oil prices force quick cutbacks but higher prices trigger new supplies.

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Lima Energy signs 10-year synthetic crude supply contract with Husky Energy refinery in Ohio

Green Car Congress

Lima Energy Company, a subsidiary of USA Synthetic Fuel Corporation in Washington, DC, has signed a contract to supply up to 80 million barrels of oil equivalent (boe) of its “Ultra Clean Synthetic Crude” (UCSC) to Husky Energy’s Lima, Ohio Refinery over ten years.

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Shell to close 1,000 gas stations to focus on EV charging deployment

Teslarati

Gas and oil giant Shell is looking to close as many as 1,000 retail gas stations in the coming years, as it pivots toward deployment of electric vehicle (EV) charging stations. In its latest Energy Transition Strategy report , England-based Shell says it plans to close 500 retail sites per year in 2024 and 2025.

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