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• 🚨 ExxonMobil Acquires Denbury for $4.9 Billion
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• Aker Carbon Capture and Aramco to explore partnership opportunities to deploy CCUS modular solutions in Saudi Arabia

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Other articles in the issue

• ExxonMobil Announces Acquisition of Denbury

  Exxon Mobil Corporation (NYSE: XOM) today announced it has entered into a definitive agreement to acquire Denbury Inc. (NYSE: DEN), an experienced developer of carbon capture, utilization and storage (CCS) solutions and enhanced oil recovery. The acquisition is an all-stock transaction valued at $4.9 billion, or $89.45 per share based on ExxonMobil's closing price on July 12, 2023. Under the terms of the agreement, Denbury shareholders will receive 0.84 shares of ExxonMobil for each Denbury share.

• Avnos Inc. Secures Funding and Strategic Partnerships From ConocoPhillips, JetBlue Ventures and Shell Ventures, Totaling Over $80M

  Avnos, Inc. (Avnos), the Los Angeles-based company developing Hybrid Direct Air Capture (HDAC™) technology for carbon dioxide removal, today announced it has signed multi-year strategic and investment partnerships, in excess of $80 million in aggregate, with each of ConocoPhillips (NYSE: COP), JetBlue Ventures, the corporate venture capital division of JetBlue (NASDAQ: JBLU), and Shell Ventures LLC, the US corporate venture capital arm of Shell plc (NYSE: SHEL), to accelerate commercialization efforts. Avnos will use the capital to deliver commercial-ready HDAC units by the end of 2025.

• Marubeni Enters into a Share Subscription Agreement with Bison Low Carbon Ventures Inc.

  Bison Low Carbon Ventures Inc. (hereinafter, "Bison") is pleased to announce that Marubeni Corporation (hereinafter "Marubeni") has entered into a share subscription agreement with Bison, to facilitate development of Bison's carbon capture and storage (CCS) projects in Alberta, Canada.

• ACX Agrees MOU with Dubai's Blue Carbon to Develop Regional Carbon Markets

  ACX (formerly known as AirCarbon Exchange), operating its proprietary regulated environmental asset trading platform that is revolutionising the environmental markets, has signed a Memorandum of Understanding with Blue Carbon, the Dubai-based project developer, to develop carbon markets in the Middle East and North Africa region.

• Technip Energies Invests in Evok Innovation's Fund II, a Pioneering Cleantech Fund

  Technip Energies (Paris:TE) (ISIN:NL0014559478) announces its investment in Evok Innovation's Fund II, a tier-one cleantech fund that invests in and supports hard-tech development to accelerate the path toward net zero with a focus on next-generation sectors such as low carbon hydrogen, carbon capture and removal, electrification and critical minerals.

• NextDecade Announces Positive Final Investment Decision on Rio Grande LNG Phase 1

  NextDecade Corporation (NextDecade, the Company) (NASDAQ: NEXT) is proud to announce it has made a positive final investment decision (FID) to construct the first three liquefaction trains (Phase 1) at the Company's 27 million tonnes per annum (MTPA) Rio Grande LNG (RGLNG) export facility in Brownsville, Texas.