Editor's note: Dive headfirst into the new week with three quick things to catch up on in Houston's energy transition.
Events not to miss
Put these Houston-area energy-related events on your calendar.
- The 5th Texas Energy Forum 2024, organized by U.S. Energy Stream, will take place on August 21 and 22 at the Petroleum Club of Houston. Register now.
- Hart Energy's New Energies Summit is taking place on August 27 to 28 at the Hilton Americas - Houston. Register now.
- The inaugural Houston Energy and Climate Startup Week will take place September 9 to 13. Learn more.
- The inaugural Houston Energy and Climate Week will take place September 9 to 13. Learn more.
- Rice Alliance's Energy Tech Venture Forum is September 12. Register now.
- Gastech will be hosted in Houston this year. The event is September 17 to 20 at the George R Brown Convention Center. Register now.
Companies to know: Houston energy companies score big on annual Fortune 500 ranking
Houston-based energy companies have again held a sizable presence on the Fortune 500 ranking. Photo via Getty Images
Fourteen businesses with global or regional headquarters in the Houston area appear on Fortune’s new list of the world’s 500 biggest companies.
Click here for the rundown of Fortune Global 500 companies with global or regional headquarters in the Houston area.
Big deal: Woodside to acquire clean ammonia project outside of Houston for $2.4B
OCI broke ground on the project in 2022. Photo via oci-global.com
Woodside Energy has announced its acquiring a Beaumont, Texas, clean ammonia project that's slated to deliver its first ammonia by 2025 and lower carbon ammonia by 2026.
The agreement is for Woodside to acquire 100 percent of OCI Clean Ammonia Holding and its lower carbon ammonia project in Beaumont in an all-cash deal of approximately $2.35 billion. According to Woodside CEO Meg O’Neill, the acquisition positions Woodside as an early mover in clean ammonia within the energy transition.
“This transaction positions Woodside in the growing lower carbon ammonia market," O’Neill says in a news release. "The potential applications for lower carbon ammonia are in power generation, marine fuels and as an industrial feedstock, as it displaces higher-emitting fuels." Read more.