Petroleum

PyroGenesis Announces “Energy Transition” Contract with a Major European Multinational Chemical and Energy Conglomerate

Retrieved on: 
Thursday, January 12, 2023

The Client, headquartered in Southern Europe, has a 100-year history of success across the petroleum, energy, and chemical industries, with a recent focus on energy transition, green energy, and the decarbonization of both their own production processes and the sectors in which they serve.

Key Points: 
  • The Client, headquartered in Southern Europe, has a 100-year history of success across the petroleum, energy, and chemical industries, with a recent focus on energy transition, green energy, and the decarbonization of both their own production processes and the sectors in which they serve.
  • It is one of the largest companies of its kind worldwide, and they are active on multiple continents.
  • The first step requires a computational fluid dynamics (“CFD”) study to gather initial data to evaluate the use of plasma in the Client’s chemical production boilers.
  • “This Client has made a major public commitment to technology and innovation with the goal to help drive the transformation of the global chemical sector, with energy transition being a major part of that commitment.

K92 Mining Announces Record Annual Production, Achieves Guidance, Record Ore Mined, Ore Processed and Development

Retrieved on: 
Tuesday, January 10, 2023

VANCOUVER, British Columbia, Jan. 10, 2023 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) announces production results for the fourth quarter (“Q4”) of 2022 at its Kainantu Gold Mine in Papua New Guinea, of 35,538 oz AuEq or 31,204 oz gold, 1,827,085 lbs copper and 40,517 oz silver. Annual production achieved a record of 122,806 oz AuEq or 107,546 oz gold, 6,247,950 lbs copper and 126,043 oz silver, achieving the guidance range of 115,000 to 140,000 oz AuEq and increasing 18% year over year. Sales during the fourth quarter were 35,212 oz gold, 1,923,116 lbs copper and 44,828 oz silver. Annual sales were 110,654 oz gold, 6,072,879 lbs copper and 125,155 oz silver.

Key Points: 
  • Record quarterly ore processed of 121,686 tonnes or 1,323 tpd (“tonnes per day”), a 22% increase from Q4 2021.
  • During the fourth quarter, the process plant delivered record quarterly ore processed of 121,686 tonnes or 1,323 tpd, an increase of 22% from Q4 2021.
  • On an annual basis, a record 448 kt of ore was processed, increasing 33% from 2021.
  • On an annual basis, record overall underground development of 7.5 km was achieved, a 31% increase from 2021.

Targa Resources Corp. Completes Acquisition of 25% Interest in Grand Prix NGL Pipeline

Retrieved on: 
Monday, January 9, 2023

HOUSTON, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that it has completed the previously announced acquisition of Blackstone Energy Partners’ 25 percent interest in Targa’s Grand Prix NGL Pipeline (“Grand Prix”) for $1.05 billion in cash.

Key Points: 
  • HOUSTON, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that it has completed the previously announced acquisition of Blackstone Energy Partners’ 25 percent interest in Targa’s Grand Prix NGL Pipeline (“Grand Prix”) for $1.05 billion in cash.
  • The acquisition has an effective date of January 1, 2023, with Targa now owning 100 percent of Grand Prix.
  • Grand Prix has capacity to transport up to one million barrels per day of natural gas liquids (“NGL”) to the NGL market hub at Mont Belvieu, Texas.
  • Grand Prix connects Targa’s gathering and processing positions throughout the Permian Basin, North Texas, and Southern Oklahoma (as well as third-party positions) to Targa’s fractionation and storage complex at Mont Belvieu.

Hess Midstream LP Schedules Earnings Release Conference Call

Retrieved on: 
Monday, January 9, 2023

Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, January 25, 2023, at 12:00 p.m. Eastern Time to discuss its fourth quarter 2022 earnings release.

Key Points: 
  • Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, January 25, 2023, at 12:00 p.m. Eastern Time to discuss its fourth quarter 2022 earnings release.
  • To phone into the conference call, participants should register in advance using this link to receive a unique PIN and dial-in number.
  • This conference call and subsequent replay will also be accessible by webcast (audio only) on Hess Midstream’s website at www.hessmidstream.com .

EnCap Flatrock Midstream Promotes Brett Knowles to Managing Director

Retrieved on: 
Monday, January 9, 2023

EnCap Flatrock Midstream (“EnCap Flatrock”), a midstream energy investment manager, today announced the promotion of Brett Knowles to managing director from vice president.

Key Points: 
  • EnCap Flatrock Midstream (“EnCap Flatrock”), a midstream energy investment manager, today announced the promotion of Brett Knowles to managing director from vice president.
  • “In Brett’s 10 years with our firm, he has assisted with the formation of many new portfolio companies, helped execute several of the largest transactions in EnCap Flatrock’s history and has grown tremendously in his role,” said EnCap Flatrock Managing Partner Sam Pitts.
  • “Brett is an outstanding example of what it looks like to lead with humility, and he is a consummate team player.
  • He has established himself as an integral part of the EnCap Flatrock investment team, and we are excited for this next chapter of his career.”

Ivanhoe Mines' Executive Co-Chair Robert Friedland and President Marna Cloete Will Present at the Future Minerals Forum in Saudi Arabia, January 11-12

Retrieved on: 
Tuesday, January 3, 2023

Mr. Friedland and Ms. Cloete join a prestigious group of speakers, including:

Key Points: 
  • Mr. Friedland and Ms. Cloete join a prestigious group of speakers, including:
    H.R.H.
  • Kairbek Uskenbayev, Ministry of Industry and Infrastructure Development, Kazakhstan
    Mark Bristow, President and Chief Executive Officer, Barrick Gold
    H.E.
  • The inaugural Future Minerals Forum, held in 2022, brought together a global audience of over 3,500 participants that heard from more than 130 industry-leading speakers.
  • For more information on the 2023 Future Minerals Forum, and the full agenda, please visit the conference website: https://www.futuremineralsforum.com .

Mazda Production and Sales Results for November 2022

Retrieved on: 
Monday, December 26, 2022

Mazda's domestic sales volume in November 2022 increased 10.7% year on year due to increased sales of passenger vehicles.

Key Points: 

Mazda's domestic sales volume in November 2022 increased 10.7% year on year due to increased sales of passenger vehicles.
Mazda's export volume in November 2022 increased 1.6% year on year due to increased shipments to North America and other regions.

Nordic American Tankers Ltd (NYSE: NAT) – Some reflections at the start of the New Year

Retrieved on: 
Wednesday, January 4, 2023

The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business.

Key Points: 
  • The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business.
  • Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.
  • The words “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “will,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.
  • We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Devon Energy Appoints Michael Mears and Gennifer Kelly to Board of Directors

Retrieved on: 
Tuesday, January 3, 2023

OKLAHOMA CITY, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) announced today that Michael Mears and Gennifer Kelly have joined its board of directors.

Key Points: 
  • OKLAHOMA CITY, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) announced today that Michael Mears and Gennifer Kelly have joined its board of directors.
  • Gennifer Kelly previously held the role of chief operating officer and SVP of Western Midstream Partners.
  • “I am excited about the opportunity to work closely with Michael and Gennifer,” said Rick Muncrief, president and CEO.
  • Before Magellan, Mears worked in a range of management positions for its predecessor company, Williams Pipeline Co. Mears currently serves on the board of Sempra.

Vision Energy Expands Project Development Team

Retrieved on: 
Tuesday, December 27, 2022

JERSEY CITY, N.J., Dec. 27, 2022 (GLOBE NEWSWIRE) -- Vision Energy Corporation (OTCQB:VENG) (“Vision Energy” or the “Company”) is pleased to share an update on the expansion of its project management and development team.

Key Points: 
  • JERSEY CITY, N.J., Dec. 27, 2022 (GLOBE NEWSWIRE) -- Vision Energy Corporation (OTCQB:VENG) (“Vision Energy” or the “Company”) is pleased to share an update on the expansion of its project management and development team.
  • Vision Energy, through its wholly-owned Dutch subsidiary Evolution Terminals BV (“ETBV”), continues work to realize its project development objectives and has increased its core team of experienced commercial and engineering professionals.
  • In March 2021, ETBV engaged professionals from Riverlake Solutions, a specialist project development and engineering consultancy to the energy industry, based out of Rotterdam.
  • Mr. Hardenbol has a degree in Naval Architecture and Business Management and has spent over 20 years working in international upstream and midstream industries in both Project Development and Project Management of infrastructure and innovative energy projects.