Natural gas

Fortuna discovers new Kingfisher prospect at Séguéla Mine and provides exploration update at the Diamba Sud Gold Project

Retrieved on: 
Monday, March 11, 2024

Paul Weedon, Senior Vice President of Exploration at Fortuna, commented, “Emphasizing the exploration potential at Séguéla, the team has continued their impressive run-rate of discoveries with the new Kingfisher prospect.

Key Points: 
  • Paul Weedon, Senior Vice President of Exploration at Fortuna, commented, “Emphasizing the exploration potential at Séguéla, the team has continued their impressive run-rate of discoveries with the new Kingfisher prospect.
  • Additional drilling at Kingfisher is scheduled in the second quarter of 2024 to further test its strike and depth potential.
  • Refer to Appendix 2 for full details of the Diamba Sud Gold Project drill holes and assay results.
  • Séguéla Mine, Côte d’Ivoire and Diamba Sud Gold Project, Senegal
    All drilling data completed by the Company utilized the following procedures and methodologies.

CHAR Tech Awarded $5 Million from Government of Canada

Retrieved on: 
Friday, March 8, 2024

THOROLD, Ontario, March 08, 2024 (GLOBE NEWSWIRE) -- CHAR Technologies (“CHAR Tech” or the “Company”) (TSXV:YES), a leader in sustainable energy solutions, is pleased to announce a contribution of approximately $5.2 million from the Government of Canada’s Natural Resources Canada Clean Fuels Fund .

Key Points: 
  • THOROLD, Ontario, March 08, 2024 (GLOBE NEWSWIRE) -- CHAR Technologies (“CHAR Tech” or the “Company”) (TSXV:YES), a leader in sustainable energy solutions, is pleased to announce a contribution of approximately $5.2 million from the Government of Canada’s Natural Resources Canada Clean Fuels Fund .
  • The Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources Canada delivered the announcement at CHAR Tech’s Thorold, Ontario facility.
  • “As we emphasize the pivotal role of low-carbon fuels in Canada’s cleaner energy future, I commend the Government of Canada for the Clean Fuels Fund.
  • We extend our gratitude to the Government of Canada and Minister Wilkinson for their unwavering commitment to environmental stewardship.

NCS Multistage Holdings, Inc. Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, March 7, 2024

HOUSTON, March 07, 2024 (GLOBE NEWSWIRE) -- NCS Multistage Holdings, Inc. (Nasdaq: NCSM) (the “Company,” “NCS,” “we” or “us”), a leading provider of highly engineered products and support services that facilitate the optimization of oil and natural gas well construction, well completions and field development strategies, today announced its results for the quarter and year ended December 31, 2023.

Key Points: 
  • Total revenues were $35.2 million for the quarter ended December 31, 2023, a decrease of 12% compared to the fourth quarter of 2022.
  • Gross profit was $12.3 million, or a gross margin of 35%, for the fourth quarter of 2023, compared to $15.6 million, or 39%, for the fourth quarter of 2022.
  • Other income was $0.4 million for the fourth quarter of 2023 as compared to $1.4 million for the fourth quarter of 2022.
  • Consequently, we reversed our previously recorded litigation provision of $40.8 million during the fourth quarter of 2023.

Oil-Dri Achieves Record Results for the Second Quarter and Triples its Net Income

Retrieved on: 
Thursday, March 7, 2024

Increased sales of renewable diesel and cat litter products pushed our revenues to record highs for the second quarter.

Key Points: 
  • Increased sales of renewable diesel and cat litter products pushed our revenues to record highs for the second quarter.
  • Our net income more than tripled in the second quarter of fiscal 2024, compared to the prior year.
  • In the second quarter of fiscal 2024, consolidated operating income more than doubled to $15.2 million from $7.3 million in the second quarter of fiscal 2023.
  • The Company set a record for the highest second quarter net income attributable to Oil-Dri of $12.4 million in fiscal 2024, more than triple the prior year’s second quarter bottom line of $3.9 million.

Aemetis Reports 2023 Fourth Quarter and Year-End Results

Retrieved on: 
Thursday, March 7, 2024

CUPERTINO, CA, March 07, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products, today announced its financial results for the fourth quarter and twelve months ended December 31, 2023.

Key Points: 
  • “Revenues were $70.8 million for the fourth quarter of 2023, an increase from $66.7 million for the fourth quarter of 2022.
  • Financial Results for the Three Months Ended December 31, 2023
    Revenues were $70.8 million for the fourth quarter of 2023, an increase from $66.7 million for the fourth quarter of 2022.
  • The ethanol gallons sold increased from 13.4 million gallons during the fourth quarter of 2022 to 15 million gallons during the fourth quarter of 2023.
  • Selling, general and administrative expenses rose from $7.5 million during the fourth quarter of 2022 to $9.8 million during the fourth quarter of 2023.

Berry Corporation Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, March 6, 2024

DALLAS, March 06, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) announced fourth quarter and full-year 2023 results.

Key Points: 
  • DALLAS, March 06, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) announced fourth quarter and full-year 2023 results.
  • The Company's average daily production in the fourth quarter 2023 increased 2% to 25,900 boe/d, compared to third quarter volumes.
  • Company-wide realized oil price, including hedging effects, was $72.65 per bbl for the fourth quarter 2023 compared to $73.13 per bbl in the third quarter 2023.
  • General and administrative expenses (“G&A”) remained flat in the fourth quarter 2023 compared to the third quarter 2023.

W&T Offshore Announces Fourth Quarter and Full Year 2023 Results Including Year-End 2023 Proved Reserves, Provides Guidance for 2024, and Declares Dividend for First Quarter of 2024

Retrieved on: 
Tuesday, March 5, 2024

Detailed guidance for the first quarter of 2024 and full year 2024 was also provided, and W&T announced its dividend for the first quarter of 2024.

Key Points: 
  • Detailed guidance for the first quarter of 2024 and full year 2024 was also provided, and W&T announced its dividend for the first quarter of 2024.
  • We remain committed to enhancing shareholder value and returning value to our shareholders through the quarterly dividend announced in November 2023.
  • The W&T year-end 2023 proved reserves do not include the 18.7 MMBoe of proved reserves acquired in early January 2024 for $72 million.
  • W&T’s reserve life ratio at year-end 2023, based on year-end 2023 proved reserves and 2023 production, was 9.7 years.

Robertshaw’s Master Gas Regulator Now Available for All OEM Gas Stoves

Retrieved on: 
Tuesday, March 5, 2024

Unlike gas regulators from other competitors, this lockout feature is integrated into the regulator itself, eliminating the necessity for OEMs to buy additional components to accomplish the same functionality.

Key Points: 
  • Unlike gas regulators from other competitors, this lockout feature is integrated into the regulator itself, eliminating the necessity for OEMs to buy additional components to accomplish the same functionality.
  • Moreover, OEMs have the flexibility to customize how the lockout feature is triggered on the Master Gas Regulator.
  • The Master Gas Regulator stops the flow of gas from entering the delivery system when the stove is turned off—which is when 76% of most methane emissions occur, according to a publication in Environmental Science and Technology .
  • When paired with the Master Gas Regulator, Robertshaw’s exclusive Dralo, Halo and G8 burners offer a significant reduction in GHG emissions, cutting them by 75%.

Aemetis Receives Authority to Construct Air Permits for Riverbank Sustainable Aviation Fuel Plant

Retrieved on: 
Tuesday, March 5, 2024

The Authority to Construct permits were issued by the San Joaquin Valley Air Pollution Control District following an extensive technical review and two public comment periods.

Key Points: 
  • The Authority to Construct permits were issued by the San Joaquin Valley Air Pollution Control District following an extensive technical review and two public comment periods.
  • Together, these permits are the key permits needed for Aemetis to proceed with engineering and financing to construct the plant.
  • “Building our sustainable aviation fuel business is a high priority to meet rapidly increasing global demand for SAF from airlines,” said Eric McAfee, Chairman and CEO of Aemetis.
  • The Aemetis Five Year Plan projects that the Aemetis sustainable aviation fuel and renewable diesel plant will generate $672 million of revenues with $195 million of adjusted EBITDA in 2027.

Copenhagen Infrastructure Partners announces investments and agreements with LOTTE Chemical Corporation

Retrieved on: 
Tuesday, March 5, 2024

COPENHAGEN, Denmark, March 05, 2024 (GLOBE NEWSWIRE) -- The memorandum of understanding between CIP and LOTTE is intended to support collaboration on clean ammonia projects.

Key Points: 
  • COPENHAGEN, Denmark, March 05, 2024 (GLOBE NEWSWIRE) -- The memorandum of understanding between CIP and LOTTE is intended to support collaboration on clean ammonia projects.
  • CIP and LOTTE also agree to initiate discussions regarding development of and investment in low carbon ammonia projects on a global basis.
  • The two companies also intend to discuss potential collaboration on projects in infrastructure bunkering and other sectors in connection with low carbon ammonia.
  • CEO & Head of Hydrogen Business Group of LOTTE Chemical Corporation JinKoo Hwang said, “We are delighted to cooperate with CIP, a global leader in greenfield renewable energy investments.