Honeywell Ventures to make investment in Electric Hydrogen
Honeywell announced that Honeywell Ventures, its venture arm that invests in early-stage, high-growth companies that have emerging and disruptive technologies, has contributed to Electric Hydrogen’s Series B round financing. Honeywell joins a select group of investors and banks to bring the total funding for the round to $198M. Electric Hydrogen (EH2) is developing a new […]
U.S. Energy Corp. announces East Texas bolt-on asset acquisition
U.S. Energy Corp. has entered into an agreement to acquire operated oil and gas producing properties in an all-cash transaction. The properties are located in Anderson and Henderson Counties, Texas adjacent to the company’s existing assets in the area. Acquisition Highlights Bolt-on acquisition of low-decline, core focus properties in East Texas for $11.8 million from a […]
CG Thermal LLC acquires AirBTU Thermal & Design Division
CG Thermal LLC of Twinsburg, Ohio, announced the acquisition of AirBTU Thermal and Engineering Division located in Columbus, Ohio. The acquisition follows the 5-year exclusive technical sales and marketing contract that already existed between the two companies. The President of AirBTU, Jim Shook, will be intimately involved with the engineering and design department of CG […]
Shareholders approve merger, Oasis and Whiting create $6B giant O&G producer
Houston-based Oasis Petroleum Inc. announced in early spring a pending merger with Whiting Petroleum Corp., which shareholders voted June 28 to approve, creating a $6 billion oil and gas producer focused on developing wells in the Williston Basin. The transaction, described by the companies as a merger of equals, is scheduled to close July 1. For […]
