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• Sinclair finishes takeover of Holly Energy Partners
  HF Sinclair Corporation’s merger with Holly Energy Partners, L.P., a firm with pipeline operations...
  HF Sinclair Corporation’s merger with Holly Energy Partners, L.P., a firm with pipeline operations across Oklahoma, was completed over the weekend. The deal is valued at $1.44 billion, according to a BUSINESS WIRE report.
  
  The merger of HEP with a subsidiary of HF Sinclair became effective upon the filing of the certificate of merger with the Secretary of State of the State of Delaware, which occurred on Friday. As a result of the transaction, HEP Common Units will no longer be listed on the New York Stock Exchange, and HEP will cease to be a publicly traded partnership.
  
  HF Sinclair supplies high-quality fuels to more than 1,500 branded stations and licenses the use of the Sinclair brand at more than 300 additional locations throughout the country.
  
  
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• ⚡️Your home could be a virtual power plant.
  EVs, data centers, and air conditioning are driving electricity demand sky-high in the US, but the Department...
  EVs, data centers, and air conditioning are driving electricity demand sky-high in the US, but the Department of Energy predicts that half of the new juice the country needs could soon be provided by people and businesses with smart technology. By discharging unused power back to the grid or limiting consumption, incentivized industrial customers and individual electricity consumers who use green tech (solar panels, smart thermostats, etc.) function as virtual power plants. This can be a cleaner and cheaper alternative to building centralized energy-producing facilities, and the DOE estimates that it’ll grow threefold by 2030.
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• EQT CEO places US LNG at center of energy transition
  At a recent energy conference, EQT Corp. CEO Toby Rice advocated for an energy transition plan that involves...
  At a recent energy conference, EQT Corp. CEO Toby Rice advocated for an energy transition plan that involves a global shift from coal to natural gas and eventually to zero-carbon energy, using US liquefied natural gas as a transitional tool. However, insufficient pipeline capacity, geopolitical risks, cybersecurity threats and inadequate energy education could undermine the industry's ability to keep up with demand, Rice said, warning of a potential "train wreck" of an energy crisis unless practical solutions prevail over political agendas.
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• Headwinds buffet US Gulf of Mexico's drilling future
  US Gulf of Mexico oil production is approaching its highest level since 2019, but growing costs and risks...
  US Gulf of Mexico oil production is approaching its highest level since 2019, but growing costs and risks due to the Biden administration's decision to reduce oil and gas leasing frequency, coupled with a slowdown in new oil discoveries, cast a shadow over the region's long-term growth. One way companies are responding to these hurdles is by purchasing leases in bulk, a pricey strategy that could have operators spending up to $100 million to secure a single block.
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• Jerome Powell said rate cut talk is “premature.”
  With the Fed’s aggressive rate hikes to curb inflation looking like they’ve finally come to an end...
  With the Fed’s aggressive rate hikes to curb inflation looking like they’ve finally come to an end thanks to encouraging data on prices falling, investors are starting to look forward to when the central bankers start slashing rates again. But JPow sought to pour some cold water on the rate cut hype cycle during a speech at Spelman College yesterday, saying that it was too soon “to speculate on when policy might ease.” However, investors still think he’ll come around: Markets are putting the odds that the Fed will cut rates in March above 50% and are totally convinced it’ll happen by May, according to Bloomberg.
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