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    Category: North America

    Devon and Coterra merger creates shale major

    Devon Energy has signed a definitive merger agreement with Coterra Energy. The companies say that the combination will create a leading shale operator with a high-quality asset base anchored by a premier position in the economic core of the Delaware Basin. The combined company will be named Devon Energy and will be headquartered in Houston while maintaining a significant presence in Oklahoma City. The companies say that they have identified $1 billion in annual pre-tax synergies which, together with technology-driven capital efficiency gains and optimised capital allocation will drive near and long-term per share growth.

    Florence Copper project begins operations

    Taseko Mines’ Florence Copper project, featuring Metso’s copper solvent extraction and electrowinning (SX-EW) technology, is ramping up its commercial operations in Arizona. The successful harvesting of the first copper cathodes at the end of February 2026 is an important milestone for Taseko Mines and Metso, marking the first new greenfield copper production in the United States since 2008. The project caters to the rapidly growing copper demand while supporting the transition towards more environmentally responsible copper production in North America.

    Canadian government underwrites phosphate feasibility study

    First Phosphate Corp. says that it has finalised an agreement for a C$16.7 million non-repayable contribution from the Government of Canada via Natural Resources Canada’s Global Partnerships Initiative. The company says that the funding will accelerate the development of its phosphate project in Bégin-Lamarche by developing the technical and engineering parameters – including processing circuits and equipment – needed to validate the ability to produce a phosphate concentrate that meets the quality requirements of the lithium iron phosphate (LFP) battery market. The work will be conducted based on parameters established under the contract between First Phosphate and its definitive offtaker.

    CF, Trafigura and TFG Marine to collaborate on low carbon marine fuels

    CF Industries has signed a memorandum of understanding with Trafigura and TFG Marine, a leading global marine fuel supplier, to facilitate the adoption of low-carbon ammonia as a marine fuel. Building on previous collaboration between CF Industries and Trafigura in the shipment of low-carbon ammonia, this agreement establishes a framework for the parties to work together on advancing low-carbon ammonia as a marine fuel, supporting the global shipping industry’s emissions-reduction efforts, including market development, stakeholder engagement, and bunkering logistics planning. The collaboration will initially focus on the U.S. Gulf Coast and Northwest Europe.