Your Weekly Energy News Roundup Stay up to date with the latest energy news! US ENERGY UPDATE | May 30, 2024 View this email in your browser Big Oil’s Latest Megadeal Shows Industry’s US Premium  ConocoPhillips and Marathon Oil Corporation announced today that they have entered into a definitive agreement pursuant to which ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion, inclusive of $5.4 billion of net debt. Under the terms of the agreement, Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips common stock for each share of Marathon Oil common stock, representing a 14.7% premium to the closing share price of Marathon Oil on May 28, 2024, and a 16.0% premium to the prior 10-day volume-weighted average price. Read More  The Solar Breakthrough That Could Help the U.S. Compete With China The new technology comes from an Israeli startup that promises to simplify one of the most cumbersome steps in solar manufacturing and cut costs by reducing the amount of silver needed to capture sunlight on the panels. Read More  How to Help the Texas Grid With a Transmission System To protect the state’s economic future, fortify the grid, and keep electricity bills from skyrocketing, it’s time to invest in transmission improvements that can deliver the clean electricity Texans need and want. Read More What’s Up With Delays on Projects on Federal Lands? Utah is also home to an underground field laboratory project called FORGE,  which has attracted research partners from across the globe and is led by the University of Utah’s Energy & Geoscience Institute. Read More Florida Moves to Repeal Plan to Buy or Produce More Renewable Energy In a post last week on the social media platform X, DeSantis said state officials are "restoring sanity in our approach to energy and rejecting the agenda of the radical green zealots." Read More Subscribe to the US Energy Update The US Energy Update was created to keep the public informed about the wide range of energy news which comes from the diverse and fast-paced energy industry. Our mission is to provide a compendium of interesting and insightful news relevant to energy industry professionals and observers.   Subscribe Today Copyright © 2024 US Energy Update, All rights reserved. Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.