Chesapeake Energy, TotalEnergies: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

CORPORATE
Chesapeake to Buy Southwestern Energy - Chesapeake Energy Corporation (NASDAQ:CHK) (Oklahoma City, Oklahoma) said on Thursday it would buy smaller rival Southwestern Energy (NYSE:SWN) (Houston, Texas) in an all-stock transaction valued at $7.4 billion, a deal that would enable the second-largest U.S. natural gas producer to take the top spot. (Reuters)

TotalEnergies: No Plans to Sell Shares in NextDecade - TotalEnergies SE (NYSE:TTE) (Courbevoie, France) has no plans to sell its shares in U.S. liquefied natural gas company NextDecade Corporation (NASDAQ:NEXT) (Houston, Texas), the French energy group said on Thursday after market speculation over a potential sale. "TotalEnergies clarifies that it has no current plans to sell its shares in NextDecade and that it remains fully committed to the development of the Rio Grande LNG project together with operator NextDecade," it said in a statement. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for related reports. (Reuters)

POWER
IEA: Renewable Energy Growth Must Accelerate to Reach 2030 Goal - Global renewable energy capacity is expected to grow by two and a half times by 2030, but governments need to go further to achieve a goal of tripling it by then as agreed at United Nations' climate talks, the International Energy Agency (IEA) said. In its annual renewable energy outlook report, the IEA said new capacity added last year increased by 50% from the previous year to 510 gigawatts (GW). That takes installed capacity to 3,700 GW. Under current policies and market conditions, global renewables capacity is forecast to grow to a total of 7,300 GW by 2028. To reach the 2030 goal agreed last year, it will require reaching at least 11,000 GW. (Reuters)

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About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).