Natural gas

Hess Corporation and the Government of Guyana Announce REDD+ Carbon Credits Purchase Agreement

Retrieved on: 
Friday, December 2, 2022

Hess Corporation (NYSE: HES) and the Government of Guyana today announced an agreement for Hess to purchase high quality carbon credits for a minimum of $750 million between 2022 and 2032 directly from the Government of Guyana.

Key Points: 
  • Hess Corporation (NYSE: HES) and the Government of Guyana today announced an agreement for Hess to purchase high quality carbon credits for a minimum of $750 million between 2022 and 2032 directly from the Government of Guyana.
  • Guyanas President, Dr. Irfaan Ali was joined today by Vice President, Dr. Bharrat Jagdeo and John Hess, CEO of Hess Corporation for a signing ceremony to commemorate this historic agreement.
  • The agreement adds to the companys ongoing and successful emissions reduction efforts, which are described in Hess annual Sustainability Reports .
  • And of course, I thank John Hess and the Hess Corporation for their continued partnership with and commitment to Guyana.

Global Aircraft Electrification Market Report 2022: A $7.6 Billion Market in 2026 - Long-term Forecast to 2031 with Breakdown by More Electric, Hybrid Electric, & Fully Electric

Retrieved on: 
Friday, December 2, 2022

DUBLIN, Dec. 2, 2022 /PRNewswire/ --The "Aircraft Electrification Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Dec. 2, 2022 /PRNewswire/ --The "Aircraft Electrification Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
  • The regions covered in aircraft electrification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
  • Electric aircraft use electricity instead of fuel, reducing the emission of harmful gases into the atmosphere, thereby reducing carbon footprint.
  • The countries covered in the aircraft electrification market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

Xfuels announces Cycle Oil & Gas Inc. Operational update

Retrieved on: 
Friday, December 2, 2022

Cycle Oil & Gas contracted OAG Consulting Inc. of Fort Wort, Texas to conduct due diligence prior to purchase & manage their Texas operations after the purchase and sale agreement was completed.

Key Points: 
  • Cycle Oil & Gas contracted OAG Consulting Inc. of Fort Wort, Texas to conduct due diligence prior to purchase & manage their Texas operations after the purchase and sale agreement was completed.
  • When Cycle was handed operational duties, they were met with a variety of challenges from the distressed assets.
  • Cycle will continue working over wells on a lease-by-lease basis until all 17 leases are operational.
  • To learn more about Cycle Oil & Gas, please visit:

Gulf Resources Announces Buy Back of shares from Company’s CEO, CFO and COO

Retrieved on: 
Friday, December 2, 2022

Despite the strong and above guidance earnings in the first nine months of 2022, Gulfs shares have not performed as well as the Company expected.

Key Points: 
  • Despite the strong and above guidance earnings in the first nine months of 2022, Gulfs shares have not performed as well as the Company expected.
  • Accordingly, each of the three senior executives agreed to sell 80,000 shares of stock at this time to the Company.
  • The retirement of these shares may also positively impact earnings and help to limited reduce some of the pressure from market.
  • Gulf Resources undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

UGI Provides Update on its French Energy Marketing Business; Reaffirms Fiscal 2023 Guidance

Retrieved on: 
Friday, December 2, 2022

UGI Corporation (NYSE: UGI ) announced today that it no longer expects to sell its French energy marketing business in the first quarter of Fiscal 2023, as extended negotiations with the potential buyer have been discontinued.

Key Points: 
  • UGI Corporation (NYSE: UGI ) announced today that it no longer expects to sell its French energy marketing business in the first quarter of Fiscal 2023, as extended negotiations with the potential buyer have been discontinued.
  • The delay in exiting this business will not have an impact on our previously announced Fiscal 2023 adjusted diluted EPS guidance of $2.85 - $3.15.
  • Roger Perreault, President and Chief Executive Officer of UGI said, While we are disappointed that the transaction will not close as anticipated, we are reaffirming our Fiscal 2023 guidance, which would have been 10 12 cents higher without the impact of the non-core European energy marketing business.
  • In fact, excluding the non-core European energy marketing business, the midpoint of our Fiscal 2023 guidance would be $3.10.

Owens Corning Announces Approximately 50% Dividend Increase, Authorization for Repurchase of Up to 10 Million Additional Shares

Retrieved on: 
Friday, December 2, 2022

Owens Corning (NYSE: OC) today announced that its Board of Directors has approved a quarterly dividend increase and new share repurchase authorization.

Key Points: 
  • Owens Corning (NYSE: OC) today announced that its Board of Directors has approved a quarterly dividend increase and new share repurchase authorization.
  • The Board has declared a quarterly cash dividend of $0.52 per common share, an approximately 50% increase compared with the prior quarterly dividend.
  • The dividend will be payable on January 19, 2023, to shareholders of record as of January 4, 2023.
  • In addition, the Board of Directors has approved a share repurchase authorization for up to 10 million shares of the companys common stock.

This Week in Energy News: 9 Stories You Need to See

Retrieved on: 
Friday, December 2, 2022

NEW YORK, Dec. 2, 2022 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists covering the energy and natural resources industry stay on top of the week's most newsworthy and popular releases, here's a roundup of stories from the week that shouldn't be missed.

Key Points: 
  • These are just a few of the recent press releases that consumers and the media should know about.
  • To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists .
  • Subject Matter Experts: Access ProfNet , a database of industry experts to connect with as sources or for quotes in your articles.
  • PR Newswire thoroughly researches and vets this community to verify their identity as a member of the press, blogger or influencer.

Babcock & Wilcox and Chart Industries to Collaborate on Hydrogen Innovation Utilizing B&W’s Brightloop™ Technology

Retrieved on: 
Thursday, December 1, 2022

Together, this solution provides economic generation of low-carbon hydrogen and supplies cost-effective, transportable forms of liquid hydrogen and carbon dioxide.

Key Points: 
  • Together, this solution provides economic generation of low-carbon hydrogen and supplies cost-effective, transportable forms of liquid hydrogen and carbon dioxide.
  • B&W and Chart will also work together to develop sales and marketing strategies for potential commercial hydrogen and carbon capture customers and projects.
  • This collaboration agreement with Chart offers tremendous opportunity to further deploy B&Ws advanced BrightLoop technology, said Kenneth Young, Chairman and Chief Executive Officer, B&W.
  • Chart cautions that this release contains forward-looking statements, including, without limitation, statements relating to an agreement to collaborate with Chart on the further deployment of B&Ws BrightLoop hydrogen generation technology, utilizing Charts integrated hydrogen liquefaction and cryogenic carbon capture equipment and expertise.

Just Energy Announces Recognition of Reverse Vesting Order

Retrieved on: 
Thursday, December 1, 2022

The Recognition Order was issued under Chapter 15 of Title 11 of the U.S. Code (the Chapter 15 Proceedings).

Key Points: 
  • The Recognition Order was issued under Chapter 15 of Title 11 of the U.S. Code (the Chapter 15 Proceedings).
  • About Just Energy Group Inc.
    Just Energy is a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions, carbon offsets and renewable energy options to customers.
  • Currently operating in the United States and Canada, Just Energy serves residential and commercial customers.
  • Just Energy is the parent company of Amigo Energy, Filter Group, Hudson Energy, Interactive Energy Group, Tara Energy, and Terrapass.

Pulse Oil Corp. Announces Q3 Results

Retrieved on: 
Thursday, December 1, 2022

In this news release, such statements include but are not limited to Pulses operations, the Bigoray EOR project, results, or contracts being signed already or in the future.

Key Points: 
  • In this news release, such statements include but are not limited to Pulses operations, the Bigoray EOR project, results, or contracts being signed already or in the future.
  • There can be no assurance that such forward-looking information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such forward-looking information.
  • This forward-looking information reflects Pulses current beliefs and is based on information currently available to Pulse and on assumptions Pulse believes are reasonable.
  • Although Pulse has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.