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Talen Energy Corporation acquires approval for stock repurchase program
By Houston Daily | Oct 24, 2023
Independent power producer and infrastructure company, Talen Energy Corporation, has received approval for a new stock repurchase program. The program will allow the company to repurchase up to $300 million of its outstanding common stock through the first quarter of 2025. Talen President and CEO, Mac McFarland, expressed the company's commitment to disciplined capital allocation and prioritizing the return of capital to shareholders.
Engineering, procurement, construction company Audubon relocates primary corporate office elsewhere in Houston
By Houston Daily | Oct 24, 2023
Engineering, procurement, construction (EPC), fabrication, and technical services provider Audubon Engineering Company has relocated its primary corporate office in Houston to accommodate long-term strategic growth. The new address is 3505 W. Sam Houston Parkway N.
EIV Capital hires new Energy PE Partner
By Houston Daily | Oct 21, 2023
EIV Capital has announced the hiring of Gary Levin as a Partner in their Houston office. With 20 years of energy private equity investment experience, Levin will play a crucial role in the firm's strategy and oversee investments within EIV Capital's designated sectors, according to a press release by EIV Capital.
Stewart Information Services Corporation celebrates 130th anniversary
By Houston Daily | Oct 18, 2023
Houston headquartered global real estate services company Stewart Information Services Corporation celebrated its 130th anniversary by ringing the closing bell at the New York Stock Exchange (NYSE) on Oct. 17. The company, founded in Galveston, TX in 1892, has grown to become a global leader in the mortgage and real estate services industry with over 7,000 employees spread across about a dozen countries.
ExxonMobil to acquire Pioneer
By Houston Daily | Oct 17, 2023
ExxonMobil has announced its plans to acquire Pioneer in an all-stock transaction valued at $59.5 billion, or $253 per share. According to a press release by ExxonMobil, Pioneer shareholders will receive 2.3234 shares of ExxonMobil for each Pioneer share at closing.
Exxon Mobil to acquire Pioneer
By Houston Daily | Oct 17, 2023
ExxonMobil has announced its plans to acquire Pioneer in an all-stock transaction valued at $59.5 billion, or $253 per share. According to a press release by Exxon Mobil, Pioneer shareholders will receive 2.3234 shares of ExxonMobil for each Pioneer share at closing.
Sysco to acquire Edward Don & Company
By Houston Daily | Oct 14, 2023
Sysco Corporation has announced its plans to acquire Edward Don & Company (DON), a prominent food service equipment and supplies distributor based in Chicago, IL. The acquisition is subject to regulatory approval and other customary closing conditions, according to a press release by Sysco.
Sysco 2023 annual report
By Houston Daily Report | Oct 13, 2023
Sysco has published its annual report for 2023, featuring detailed sections on various aspects of the company's business. This comprehensive report provides insights into Sysco's operations and financial performance during 2023.
Professional Janitorial Services Houston announces promotion of new human resources manager
By Houston Daily | Oct 11, 2023
Professional Janitorial Services Houston has recently announced the promotion of Fabiola Garcia to the position of human resources manager. Garcia, who previously served as an employee relations specialist, expressed great gratitude for the opportunity and is eager to take on the new responsibilities and challenges that come with her new role.
Mexican low-cost airline announces new Houston-Querétaro leg
By Houston Daily | Oct 10, 2023
Mexican low-cost airline Viva Aerobus has announced plans to launch a new route between George Bush Intercontinental Airport (IAH) in Houston and Querétaro City, Mexico, starting in early December. The nonstop route is part of the airline's expansion efforts into the United States.
Fifty Houston area entrepreneurs benefit from Clark Construction’s small business development program
By Houston Daily | Oct 9, 2023
Clark Construction Group has announced the launch of its Strategic Partnership Program (SPP) in the Greater Houston area, benefiting over fifty local small business owners and leaders. The program is aimed at nurturing and guiding small and diverse businesses, and it complements the firm's SDBE15 initiative. Clark Construction Group has a long history of delivering landmark projects in Houston and throughout Texas, including the William P. Hobby Airport New East Concourse and Main Terminal Expansion, 1500 Louisiana Avenue, and the George Bush International Airport Federal...
ExxonMobil and Mitsubishi Heavy Industries forge partership to lead the way in carbon capture and storage solutions
By Houston Daily | Oct 9, 2023
ExxonMobil's Senior Vice President of Low Carbon Solutions, Matt Crocker, recently discussed the company's efforts in carbon capture and storage (CCS), hydrogen, and cleaner fuels in a recent appearance on the ARC Energy Ideas podcast. ExxonMobil released a fact sheet outlining comprehensive solutions to reduce CO2 emissions in heavy industries.
Abbott announces launch of Texas Small Business Credit Initiative
By Houston Daily | Oct 9, 2023
Gov. Greg Abbott has announced the launch of the Texas Small Business Credit Initiative (TSBCI) and has invited all financial institutions in the state to participate. The application period for participation will begin on October 9th and run through December 9th. Loan enrollment is set to commence on January 15, 2024.
Energy and chemical companies unite for low-carbon ammonia production project on Houston Ship Channel
By Houston Daily | Oct 5, 2023
INPEX Corporation, Air Liquide Group, LSB Industries, Inc., and Vopak Moda Houston LLC have partnered to collaborate on a low-carbon ammonia production and export project along the Houston Ship Channel. The project's initial phase aims to produce over 1.1 million tonnes per annum (MTPA) of low-carbon ammonia by the end of 2027.
Parkway closes on two Houston office assets
By Houston Daily | Oct 2, 2023
Parkway, a privately owned real estate investment company, has recently closed an all-cash acquisition of two major office assets in Houston. The properties, Post Oak Central and CityWestPlace, were acquired from Parkway's former partners. According to a press release, the redevelopment of Post Oak Central and the ongoing development of CityWestPlace will be overseen by Parkway's development partner, Midway.
Iapetus Infrastructure Services welcomes utility veteran Sullivan as senior advisor
By Houston Daily | Oct 2, 2023
Houston-based energy services company, Iapetus Infrastructure Services (IIS), has announced the appointment of Tom Sullivan as a senior advisor. The addition of Sullivan to the team is part of Iapetus' efforts to expand its group of utility industry experts.
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Local Houston Ovarian Cancer Survivor Gives back to Judy’s Mission
By Houston Daily | Sep 28, 2023
Through Amica Mutual Insurance Company's Employee Community Involvement Program, ovarian cancer survivor, Blanca Svatek, presented a check to Judy's Mission on Sept. 26. This act of generosity was in recognition of her volunteer work with the Survivors Teaching Students (STS) program.
Fabiola Garcia-Fraga Named HR Manager at Professional Janitorial Services of Houston
By Houston Daily | Sep 27, 2023
Professional Janitorial Services Houston recently announced the promotion of Fabiola Garcia from employee relations specialist to human resources manager. Both the company and Garcia herself are excited about this new development.
Nextbase Dash Cams deems Houston most dangerous city for motorists
By Houston Daily | Sep 26, 2023
Nextbase Dash Cams, a leading provider of dash cameras, has released an interactive crash map that highlights the most dangerous cities for motorists in the United States. The map, which utilizes data from the National Highway Traffic Safety Administration (NHTSA), reveals that Texas, California, Florida, Georgia, and North Carolina are the states with the highest number of fatal crashes.
New production records set in August, Texas Oil and Gas Association says
By Houston Daily | Sep 22, 2023
According to a recent report by the Texas Oil and Gas Association (TXOGA), Texas has set new production records in the month of August. The report, prepared by TXOGA's Chief Economist Dr. Dean Foreman, stated that crude oil production in Texas rose to 43.2% of American oil production, while natural gas production reached 28.5% of natural gas marketed production.