Calumet , Inc . has announced that the US Department of Energy ( DOE ) Loan Programs Office has awarded a loan guarantee of up to USD1.44 billion to fund the construction and expansion of a renewable fuels facility owned by Montana Renewables LLC , a subsidiary of Calumet . The expansion would position Montana Renewables as one of the largest Sustainable Aviation Fuel ( SAF ) producers globally with production capacity of approximately 300 million gallons of SAF and 330 million gallons of combined SAF and renewable diesel . “ We would like to thank the DOE LPO team for its dedication and

partnership during this process ,” said Bruce Fleming , CEO of Montana Renewables . MRL expects to execute a sequence of discrete individual projects including a second renewable fuels reactor ( allowing approximately half of the 300 million gallon SAF capability to be online by 2026 ); debottlenecking of the existing renewable fuels and feedstock pretreatment units ; installation of SAF blending and logistics assets ; increased renewable hydrogen production ; addition of cogeneration for renewable electricity and steam ; on-site water treatment and recycling capabilities ; and other site enhancements .

Equinor has signed an agreement with EQT Corporation to acquire additional non-operated interest in the Northern Marcellus formation in the US . Equinor will pay USD 1.25 billion to EQT in the transaction . Under the agreement , Equinor is acquiring 100 % of EQT ’ s remaining working interest in Northern Marcellus gas units primarily operated by Expand Energy . The transaction will increase cashflow from the international portfolio by adding natural gas volumes with low

carbon intensity emissions from production . Subject to closing , the acquisition will have economic effect from 31 December 2024 . The acquisition covers the same acreage included in the swap agreement with EQT announced earlier this year . With this transaction , Equinor is increasing its average working interest in the Northern Marcellus asset from 25.7 % to 40.7 %. The transaction adds approximately 80,000 barrels of oil equivalent per day ( boe / d ) to Equinor ’ s US production in the near-term .

Oliver Valvetek has announced the shipment of its 150,000th subsea valve , marking 30 years of operations in the subsea industry . The milestone highlights the company ’ s track record of

zero failures in high-pressure environments . The achievement reflects three decades of engineering development in subsea valve technology , with products

designed for deep-sea oil and gas fields and extended pipeline networks . Each valve is manufactured to meet industry safety and durability standards .

The company credits its engineering , design and production teams for maintaining precision manufacturing standards and building strong client relationships worldwide .

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