FID

NextDecade Provides First Quarter 2024 Business Update

Retrieved on: 
Giovedì, Maggio 9, 2024
Green Technology, Oil, Gas, Energy, Environment, Other Energy, DOE, Train, Investment, NTP, Federal Energy Regulatory Commission, FERC, Primary energy, Risk management, Engineering, Exercise, FID, MTPA, FEED, EPC, TotalEnergies

NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) today provided an update on developmental and strategic activities for the first quarter 2024 and early second quarter 2024.

Key Points: 
  • NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) today provided an update on developmental and strategic activities for the first quarter 2024 and early second quarter 2024.
  • Additionally, we are continuing to work with Bechtel on the EPC contracting process, which we expect will enable us to finalize the EPC contract for Train 4 by the end of the second quarter of 2024.
  • In January 2024, the Company's wholly-owned subsidiary NextDecade LNG, LLC entered into a credit agreement that provides for a $50 million senior secured revolving credit facility with additional capacity of $12.5 million to cover interest.
  • As of March 2024, progress on Trains 1 through 3 is in line with the schedule under the EPC Contracts.

Plug Announces First Quarter 2024 Financial Results

Retrieved on: 
Giovedì, Maggio 9, 2024
Hydrogen, Quarter, DOE, Yoy, Power purchase agreement, Partnership, Webcast, Impairment, Primary energy, Plant, Public expenditure, FID, Plug Power, EPS, Uline, TPD, Watt, Absorption, Electrolysis, Interest, Renewable energy

LATHAM, N.Y., May 09, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG) (the “Company”), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced its financial results and operational milestones for the first quarter of 2024.

Key Points: 
  • LATHAM, N.Y., May 09, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG) (the “Company”), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced its financial results and operational milestones for the first quarter of 2024.
  • Earnings-Per-Share (EPS) and Revenue: The Company reported revenue of $120.3 million and EPS loss of $0.46 for the quarter ended March 31, 2024.
  • Consistently with past seasonality and continued new product scaling, Plug expects that one-third of its full year revenue will be in the first half of 2024.
  • As of the Q1 2024 earnings date, Plug currently has 20 electrolyzer systems undergoing commissioning at third-party customer sites, with further deliveries to be made over the balance of 2024.

LanzaTech Announces First Quarter 2024 Financial Results and Reiterates Full Year 2024 Outlook

Retrieved on: 
Giovedì, Maggio 9, 2024
Momentum, Indian Oil Corporation, Prospectus, DOE, Carbon dioxide, Investment, Biorefining, Chairperson, Aviation biofuel, Research, ATM, Carbon, Growth, ArcelorMittal, Form, Engineering, FID, CO2, SAF, Ethanol, G&A, Municipal solid waste

CHICAGO, May 09, 2024 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (Nasdaq: LNZA) (“LanzaTech” or the “Company”), the carbon recycling company transforming waste carbon into sustainable raw materials, today reported its financial and operating results for the first quarter 2024 and reiterated its previously issued financial outlook for full year 2024.

Key Points: 
  • Cost of revenues in the first quarter of 2024 totaled $6.8 million, driving gross profit of $3.5 million, up 87% year-over-year.
  • Net loss totaled $(25.5) million for the first quarter of 2024, compared to a net loss of $(63.3) million in the prior year period.
  • The Company continues to expect its financial performance to be significantly back-end weighted to the second half of 2024.
  • LanzaTech will host a conference call today, May 9, 2024, at 8:30 A.M. EDT to review the Company's financial results, discuss recent events and conduct a question-and-answer session.

Carbon TerraVault Provides First Quarter 2024 Update

Retrieved on: 
Martedì, Maggio 7, 2024
Utilities, Environment, Oil, Gas, Alternative Energy, Green Technology, Energy, Climate Change, Carbon, Mergers and acquisitions, Carbon dioxide, EPA, Aera Energy, Golden State, CRC, CTV, CCS, Inglewood Oil Field, Hart–Scott–Rodino Antitrust Improvements Act, FID, Public opinion, South Belridge Oil Field, CO2, EIR, California Resources Corporation, MMT, Renewable energy

Carbon TerraVault (CTV) today provided an update on its first quarter 2024 operations.

Key Points: 
  • Carbon TerraVault (CTV) today provided an update on its first quarter 2024 operations.
  • California Resources Corporation (NYSE: CRC) conducts its carbon management business through CTV which pursues carbon capture and sequestration (CCS) projects that are directly sited or within close proximity to significant sources of carbon dioxide (CO2) emissions in California.
  • CTV anticipates that EPA and Kern County will deliver their final decisions on the permits in the second half of 2024.
  • On May 7, 2024, CRC filed the definitive proxy statement for the Aera Merger with the SEC.

Plug Signs MOU with Allied Green Ammonia for 3GW of Electrolyzer Supply at World-Class Green Ammonia Production Facility

Retrieved on: 
Venerdì, Maggio 3, 2024
Hydrogen, MOU, Natural gas, Electricity, Steam, Carbon, SMR, Oxygen, FID, Ammonia, PEM, TPD, Electrolysis

Following the MOU, Plug and AGA plan to enter an agreement, as outlined in the MOU, to initiate a Basic Engineering and Design Package (BEDP) for the 3GW capacity project.

Key Points: 
  • Following the MOU, Plug and AGA plan to enter an agreement, as outlined in the MOU, to initiate a Basic Engineering and Design Package (BEDP) for the 3GW capacity project.
  • “Ammonia producers have recognized the substantial advantages of cost and carbon reduction through electrolysis-based hydrogen,” said Plug CEO Andy Marsh.
  • AGA’s production facility will operate a 2500 metric ton-per-day (TPD) green ammonia process.
  • The facility is geographically positioned to meet AGA’s intended customers’ growing needs, providing them with a reliable and secure supply of green ammonia from the region.

Falcon Oil & Gas - Shenandoah South-1H well IP90 Day Flow Rates of 2.9 MMcf/d (normalised to 5.8 MMcf/d)

Retrieved on: 
Venerdì, Aprile 26, 2024
Sale, AIM, Pressure, FID, IP90, FEED, Front-end loading, FOG, BJV, Oil

On completion of the IP90 flow test, the well was delivering 2.7 MMcf/d, normalized to 5.4 MMcf/d over 3,281-feet (1,000 metres) at a pressure of 518 psi prior to being shut-in.

Key Points: 
  • On completion of the IP90 flow test, the well was delivering 2.7 MMcf/d, normalized to 5.4 MMcf/d over 3,281-feet (1,000 metres) at a pressure of 518 psi prior to being shut-in.
  • The SS-1H well has demonstrated steady gas flows and decline profiles in line with some of the most prolific regions of the Marcellus Shale in the US.
  • “The SS-1H IP90 flow rate announced today of 2.9 MMcf/d, normalised to 5.8 MMcf/d over 1,000 metres, demonstrates a steady low declining curve while holding its downhole pressure.
  • This augurs well for the initial development in the Shenandoah South area as these rates continue to track average flow rates seen in the Marcellus Shale basin in the US.”

Plug Signs Additional BEDP Contracts for a Total of 4.5GW of Electrolyzers Across Europe and the United States

Retrieved on: 
Giovedì, Aprile 25, 2024
Proton, EnergySolutions, Risk, OEM, Engineering, Proton-exchange membrane, FID, PEM, Growth

These agreements enhance Plug’s overall BEDP portfolio, bringing the company’s total amount of global BEDP contracts to 4.5 gigawatts (GW).

Key Points: 
  • These agreements enhance Plug’s overall BEDP portfolio, bringing the company’s total amount of global BEDP contracts to 4.5 gigawatts (GW).
  • Earlier this year, Plug finalized a 500MW contract in Europe, and with the addition of this 350MW contract, the company has now closed 850MW of BEDP contracts in just four months.
  • "Within just three years, we've significantly scaled our business and have successfully shipped and deployed electrolyzers across five continents.
  • Over the course of 2024, it plans to deliver an additional 40 systems for a cumulated total of 189MW.

Falcon Oil & Gas Ltd - Binding Term Sheet for Gas Sales Agreement to supply pilot gas to the Northern Territory Government

Retrieved on: 
Martedì, Aprile 23, 2024
APA, Consumer, Agreement, Binding, Amadeus Gas Pipeline, AIM, CPI, Oil, User experience, FID, GSA, AGP, FOG, BJV

Falcon Oil & Gas Ltd.

Key Points: 
  • Falcon Oil & Gas Ltd.
    23 April 2024 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that the Beetaloo Joint venture (BJV) has signed a Binding Agreement for a long-term Gas Sales Agreement (GSA) to supply the Northern Territory Government (Buyer) with 14.6 PJ (13.8 BCF) per annum from the proposed Shenandoah South Pilot Project for an initial term of nine years, with a Buyer’s option to extend for a further six-and-a-half years.
  • Details of the Binding Agreement are as follows:
    Gas will be delivered to the APA-owned Amadeus Gas Pipeline (AGP) on a take-or-pay basis at a market-competitive gas price, escalating at 100% of the Consumer Price Index (CPI).
  • The Buyer’s extension option is at a slightly discounted price.
  • Falcon Oil & Gas Australia Limited holds a 5% working interest in the 51,200-acre area that will include the wells required to deliver the proposed Pilot Project volumes.

Bacchus Capital Engaged as Strategic & Project Funding Adviser

Retrieved on: 
Giovedì, Aprile 18, 2024
PFS, XAM, Jefferies, TSX, ASX, Dionysus, FID, Feasibility study, FS, Investment, Construction, Management

TORONTO, April 18, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu, XAM or the Company) is pleased to announce that it has engaged Bacchus Capital Advisers Limited (Bacchus) as its strategic and project funding adviser in relation to the Kharmagtai Copper-Gold Project in the South Gobi region of Mongolia.

Key Points: 
  • TORONTO, April 18, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu, XAM or the Company) is pleased to announce that it has engaged Bacchus Capital Advisers Limited (Bacchus) as its strategic and project funding adviser in relation to the Kharmagtai Copper-Gold Project in the South Gobi region of Mongolia.
  • Bacchus is a well-respected adviser to the mining industry in the areas of project financing, transaction structuring and mergers & acquisitions.
  • Xanadu’s Executive Chairman & Managing Director, Colin Moorhead said
    “We are pleased to have Bacchus onboard as our strategic & project funding adviser.
  • “We believe that with Bacchus onboard, together with Jefferies our M&A adviser, we have the right team to create the most value for our shareholders from our world class Kharmagtai copper-gold project.”

SLB OneSubsea and Subsea7 Sign Long-Term Strategic Collaboration Agreement with Equinor; Commence Work on Wisting and Bay Du Nord Projects

Retrieved on: 
Giovedì, Maggio 2, 2024
Energy, Natural Resources, Other Natural Resources, Oil, Gas, Project, EPCI, Safety, Barents Sea, Risk management, OneSubsea, FID, Multimedia, Equinor, Snorre

SLB (NYSE: SLB) has announced the signing of a new long-term strategic collaboration agreement between Equinor ASA and the Subsea Integration Alliance (which comprises OneSubsea™ and Subsea7).

Key Points: 
  • SLB (NYSE: SLB) has announced the signing of a new long-term strategic collaboration agreement between Equinor ASA and the Subsea Integration Alliance (which comprises OneSubsea™ and Subsea7).
  • The agreement paves the way for exploratory work to begin on two projects: the Wisting field offshore Norway and Bay Du Nord, off Newfoundland and Labrador, Canada.
  • View the full release here: https://www.businesswire.com/news/home/20240501491687/en/
    The strategic collaboration agreement enables early information sharing, technology innovation and other collaborative benefits critical to unlocking more subsea projects by making them economically viable.
  • “Equinor is working hard to improve and mature the Wisting and Bay du Nord projects.