Natural gas

Proteum Energy and Istmo Energy Sign MOU For Production of Low Cost, Clean Hydrogen in the Permian Basin

Retrieved on: 
Friday, December 17, 2021
Oil, Gas, Alternative Energy, Energy, Other Energy, Utilities, Permian, Ethane, Advisory board, Delaware Basin, MOU, Principal, LLC, Transport, Landmark Tower (Fort Worth, Texas), Atlas, Energy, Memorandum of understanding, Regulation, Power, Carbon, Ethanol, Natural gas, Istmo de Tehuantepec, Hydrogen

Proteum Energy, LLC entered a binding Memorandum of Understanding (MOU) today with Istmo Energy LLC, headquartered in Fort Worth Texas, to negotiate the terms by which Proteum Energy will provide low cost, low carbon intensity hydrogen to Istmo for production of "ultra-low sulfur diesel" and clean hydrogen for delivery to offtake customers in the Permian Basin, Mexico and California markets.

Key Points: 
  • Proteum Energy, LLC entered a binding Memorandum of Understanding (MOU) today with Istmo Energy LLC, headquartered in Fort Worth Texas, to negotiate the terms by which Proteum Energy will provide low cost, low carbon intensity hydrogen to Istmo for production of "ultra-low sulfur diesel" and clean hydrogen for delivery to offtake customers in the Permian Basin, Mexico and California markets.
  • Istmo Energy is pleased to have the option to leverage our onsite de-ethanizers to produce hydrogen from ethane for our hydrotreaters, while at the same time offer additional clean hydrogen sales in the Permian region, said Alex Gutierrez, Principal and Co-Founder of Istmo Energy.
  • Proteum Energy is extremely pleased to be working with a strong partner like Istmo Energy providing innovative low emissions fueling solutions, said Proteums CEO, Laurence B.
  • About Proteum Energy Headquartered in Phoenix Arizona, Proteum is a producer of low carbon, low-cost clean hydrogen from renewable ethanol, ethane and NGLs.

Permianville Royalty Trust Announces Monthly Cash Distribution

Retrieved on: 
Friday, December 17, 2021
Energy, Professional Services, Oil, Gas, Finance, U.S. Securities and Exchange Commission, Internet, Securities Exchange Act of 1934, Sale, Public expenditure, COVID-19, Annual report, Capital expenditure, SEC, Sponsor, Security (finance), Trustee, Natural gas, Petroleum, Organization, Cryptocurrency, Trust

Recorded natural gas cash receipts from the Underlying Properties totaled $1.1 million for the current month on realized wellhead prices of $3.78/Mcf, up $0.2 million from the prior month distribution period.

Key Points: 
  • Recorded natural gas cash receipts from the Underlying Properties totaled $1.1 million for the current month on realized wellhead prices of $3.78/Mcf, up $0.2 million from the prior month distribution period.
  • Permianville Royalty Trust is a Delaware statutory trust formed to own a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from certain, predominantly non-operated, oil and gas properties in the states of Texas, Louisiana and New Mexico.
  • The anticipated distribution is based, in large part, on the amount of cash received or expected to be received by the Trust from COERT Holdings 1 LLC (the Sponsor) with respect to the relevant period.
  • Low oil and natural gas prices will reduce profits to which the Trust is entitled, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders.

Brigham Minerals, Inc. Announces Completion of DJ Basin Mineral and Royalty Interest Acquisition

Retrieved on: 
Friday, December 17, 2021
Energy, Natural Resources, Mining, Minerals, Oil, Gas, Permian, Method, EBITDA, Weather, Mineral, U.S. Securities and Exchange Commission, STACK, Company, Board, Pandemic, NYSE, Public expenditure, Income, COVID-19, Anadarko Basin, Acquisition, Annual report, DJ, Perception, Transport, Security (finance), Natural gas, Sumathi Best Television Current Reporting Award, NGL, Maintenance, GAAP, SCOOP, Mission statement, Organization, Bank, Bookkeeping, Risk management, Brigham

Brigham Minerals, Inc. (NYSE: MNRL) (Brigham Minerals or the Company), a leading mineral and royalty interest acquisition company, today announced that it has completed its previously announced acquisition of certain mineral and royalty interest in the DJ Basin for approximately $43 million of cash and 2.2 million shares of Class A common stock subject to certain post-closing adjustments (the DJ Acquisition).

Key Points: 
  • Brigham Minerals, Inc. (NYSE: MNRL) (Brigham Minerals or the Company), a leading mineral and royalty interest acquisition company, today announced that it has completed its previously announced acquisition of certain mineral and royalty interest in the DJ Basin for approximately $43 million of cash and 2.2 million shares of Class A common stock subject to certain post-closing adjustments (the DJ Acquisition).
  • Concurrent with the closing of the DJ Acquisition, the Company completed a borrowing base redetermination including the DJ Acquisition which resulted in a $230 million borrowing base with $137 million of undrawn capacity post funding the cash portion of the DJ Acquisition.
  • Future dividends may be adjusted at the Boards discretion based on market conditions and capital availability.
  • Brigham Minerals assets are located in the Permian Basin in Texas and New Mexico, the SCOOP and STACK plays in the Anadarko Basin of Oklahoma, the DJ Basin in Colorado and Wyoming, and the Williston Basin in North Dakota.

Howard Energy Partners Closes Financing Transactions to Position Company for Long-Term Growth and Value Creation

Retrieved on: 
Thursday, December 16, 2021
Oil, Gas, Energy, Diamond, Vinson & Elkins, Securities Act of 1933, Growth, NYSE, Sale, SEC Rule 144A, DAR, HEP, RBC Capital Markets, Sidley Austin, LLC, Holland & Knight, Security (finance), Natural gas, Â, Valero Energy, VLO, Bookrunner, Regulation, Transaction, Renewable energy

Howard Energy Partners (HEP) announced today that it has closed on a series of strategic financing transactions (the Transactions), including its inaugural senior unsecured notes offering and an extension of its $1 billion revolving credit facility.

Key Points: 
  • Howard Energy Partners (HEP) announced today that it has closed on a series of strategic financing transactions (the Transactions), including its inaugural senior unsecured notes offering and an extension of its $1 billion revolving credit facility.
  • Pro forma for the Transactions, the company has over $600 million of available liquidity and a long-term structure to prudently access institutional debt capital.
  • In a year where we achieved record-breaking operational and financial performance, the closing of these financing transactions marks another significant milestone for HEP as we continue to position the company for long-term growth and value creation, said HEP Chairman and Chief Executive Officer Mike Howard.
  • For more information on Howard Energy Partners and our mission to deliver positive energy, please visit our website at www.howardenergypartners.com .

High Energy Prices to Increase Costs for America’s Commercial and Industrial Companies by $41 Billion in 2022, CEA Analysis Finds

Retrieved on: 
Thursday, December 16, 2021
Trucking, Manufacturing, Environment, Transport, White House, Federal Government, State, Local, Public Policy, Other Policy Issues, Other Natural Resources, Congressional News, Views, Public Policy, Government, Utilities, Oil, Gas, Alternative Energy, Natural Resources, Energy, Other Manufacturing, Steel, Chemicals, Plastics, Federation, CEA, Foot, Policy, Milk, Egg, Solution, Electricity, Transport, Human, Farmer, Strategic Petroleum Reserve (United States), Strategic Petroleum Reserve, Natural gas, OPEC, Renewable energy

Americas businesses and manufacturers can expect to pay at least $41.4 billion more for business-related energy costs in 2022, according to analysis by Consumer Energy Alliance (CEA), the leading energy and environmental advocate for families and businesses.

Key Points: 
  • Americas businesses and manufacturers can expect to pay at least $41.4 billion more for business-related energy costs in 2022, according to analysis by Consumer Energy Alliance (CEA), the leading energy and environmental advocate for families and businesses.
  • Federal policies have discouraged U.S. energy production, cancelled critical infrastructure, created inconsistent and confusing regulations, and, often, impractical solutions leading to unreliable and more harmful environmental energy delivery.
  • These recent policy choices will leave American businesses and manufacturers to foot $41.4 billion more in energy costs next year, CEA President David Holt said.
  • As this analysis shows, domestic energy policies have real-world implications for Americas businesses, manufacturers, families and consumers.

Bloom Energy, Chantiers de l’Atlantique, and MSC Chart a Course for Cruise Ships Powered by Clean Energy

Retrieved on: 
Thursday, December 16, 2021
Utilities, Alternative Energy, Vacation, Energy, Cruise, Travel, Revolution, Bloom Energy Server, GT, Solution, MSC, Sulfur, Electricity, Cruise, Company, Education, Nitrogen, NYSE, Public, DNV, MSC World Europa, Industry, Wind, Bureau Veritas, Bloom Energy, Blue Horizon, CDA, Samsung Heavy Industries, MSC Cruises, Chantiers de l'Atlantique, Risk, SEC, Health, Atmosphere, Safety, Particulates, Natural gas, Principle, International Maritime Organization, Heart, Multimedia, Pollutant, Classification, Farm, Technology, Carbon, American Bureau of Shipping, SOFC, Fuel oil, Renewable energy, Tourism, LNG, Bloom, Bloom Energy, the Cruise Division of MSC Group, BLOOM ENERGY, THE CRUISE DIVISION OF MSC GROUP

The MSC World Europa , a new state-of the-art cruise liner currently under construction at the CdA shipyard, will be fitted with 150 kilowatts of Bloom fuel cells.

Key Points: 
  • The MSC World Europa , a new state-of the-art cruise liner currently under construction at the CdA shipyard, will be fitted with 150 kilowatts of Bloom fuel cells.
  • In 2019, CdA and the cruise division of MSC Group unveiled Blue Horizon; a ground-breaking initiative that integrates SOFC technology on LNG-powered cruise ships to decarbonize the maritime industry.
  • Bloom Energys product, the Bloom Energy Server, delivers highly reliable and resilient, always-on electric power that is clean, cost-effective, and ideal for microgrid applications.
  • Bloom Energy undertakes no obligation to revise or publicly update any forward-looking statements unless if and as required by law.

Clean Energy Widens Path for Carbon Reduction in Transportation; Signs Deals for More Renewable Natural Gas, New Stations

Retrieved on: 
Thursday, December 16, 2021
Fleet Management, Oil, Gas, Other Transport, Alternative Vehicles, Fuels, Automotive, Trucking, Alternative Energy, Rail, Energy, Maritime, Transport, Environment, Public Transport, Logistics, Supply Chain Management, Diamond, WA, PARTA, Time, Sacramento, California, Securities Act of 1933, NASDAQ, Atlantic County, New Jersey, Natural gas, Egg Harbor Township, New Jersey, ACUA, Atlantic City Jitney Association, Dallas Area Rapid Transit, Portage Area Regional Transportation Authority, Transport, Securities Exchange Act of 1934, Program, County, Partnership, CA, News, Republic Services, Port, Chevron, Atlas, Golden Empire Transit, Mortimer, Southern Pacific 9, SEC, Atmosphere, CEO, CNG, Multimedia, Contract, Twitter, Recycling, Energy Independence and Security Act of 2007, Atlantic County Utilities Authority, RNG, Pacific Green, Risk, Green bin, Goal, DART, Maintenance, Carbon, Renewable energy, Gasoline, Propane, City, Primary energy

Renewable natural gas creates a pathway for our customers to dramatically reduce their carbon emissions and turn their sustainability goals into reality, said Chad Lindholm, vice president, Clean Energy.

Key Points: 
  • Renewable natural gas creates a pathway for our customers to dramatically reduce their carbon emissions and turn their sustainability goals into reality, said Chad Lindholm, vice president, Clean Energy.
  • Republic Services has signed an agreement with Clean Energy for an expansion project in Huntington Beach, CA.
  • In the second phase of the expansion, Clean Energy will construct a new station at an adjacent address to fuel 30 additional RNG trucks.
  • Blue Diamond Disposal, a refuse and recycling company located in Mount Arlington, NJ has renewed a maintenance agreement with Clean Energy.

Sustaera Closes $10 million Series A Financing to Develop Low-Cost Direct Air Capture Technology

Retrieved on: 
Thursday, December 16, 2021
Oil, Gas, Coal, Alternative Energy, Energy, Finance, Nuclear, Professional Services, Other Natural Resources, Environment, Natural Resources, Science, Other Energy, Other Science, Utilities, Research, Carbon, Obsessions, Agriculture, Â, Electricity, Environment, Jeremy, Stripe, Growth, Breakthrough Energy, BEV, Soil, Entrepreneurship, Columbia University, Commerce, Research, Transport, Engineering, Climate change, DAC, U.S. Department of Defense Strategy for Operating in Cyberspace, NCO, DOE, Policy, Direct air capture, United States Department of Energy, CO2, Partnership, Technology, Health, Renewable energy, Coal, Natural gas, Sustaera, Breakthrough Energy Ventures, Grantham Trust’s Neglected Climate Opportunities, SUSTAERA, BREAKTHROUGH ENERGY VENTURES, GRANTHAM TRUST’S NEGLECTED CLIMATE OPPORTUNITIES

Sustaeras low-cost DAC technology has the potential to provide a real pathway to meet these global carbon dioxide removal targets.

Key Points: 
  • Sustaeras low-cost DAC technology has the potential to provide a real pathway to meet these global carbon dioxide removal targets.
  • These benefits combined with significantly lower land requirements than land-based or natural CO2 capture methods, makes Sustaera a true pioneer of DAC 2.0.
  • The Sustaera team is comprised of engineers who have experience building both small and commercial scale carbon capture plants in the past.
  • Based in Cary, North Carolina, Sustaera is a Direct Air Capture technology startup with deep expertise in carbon capture, separations chemistry and process scale-up.

Baker Hughes to Provide CO2 Compression Equipment for Santos Moomba Carbon Capture & Storage Project in Australia

Retrieved on: 
Thursday, December 16, 2021
Other Manufacturing, Environment, Engineering, Other Energy, Chemicals, Plastics, Oil, Gas, Manufacturing, Alternative Energy, Energy, Carbon, Solution, Turbomachinery, History, Carbon dioxide, Baker Hughes, MCL, CCS, Körber Process Solutions, Hughes, Moomba, NASDAQ, BCL, Transport, Natural gas, HRSG, CO2, Technology, Coal, Renewable energy

Baker Hughes (NASDAQ: BKR), an energy technology company, has been awarded a contract with Santos , a leading natural gas producer in Australia, to supply turbomachinery equipment for the Moomba Carbon Capture and Storage (CCS) project (Moomba CCS).

Key Points: 
  • Baker Hughes (NASDAQ: BKR), an energy technology company, has been awarded a contract with Santos , a leading natural gas producer in Australia, to supply turbomachinery equipment for the Moomba Carbon Capture and Storage (CCS) project (Moomba CCS).
  • Baker Hughes will provide gas turbine, compressor and heat recovery steam generator (HRSG) technologies to compress the carbon dioxide (CO2).
  • The contract follows a 35+ year history of Baker Hughes providing technology and services to Santos for its operations, including turbomachinery and offshore equipment and services.
  • Moomba CCS further progresses the companies relationship as Santos evolves its own operations across the energy transition and leverages Baker Hughes comprehensive portfolio of carbon capture, utilization, and storage (CCUS) solutions .

PG&E Restores More Than 350,000 Customers from Week’s First Storm

Retrieved on: 
Thursday, December 16, 2021
Energy, Other Energy, Utilities, Weather, PCG, Hand, Electricity, Pacific Gas and Electric Company, Ice, PG&E, NYSE, Animal, Sierra Nevada, Santa Cruz Mountains, Central Coast, The Electric Company, Risk, Gas, Water, Natural gas, PG, Mark (given name), Tree, Drinking water, Road, Online shopping, Mobile phone, Central California

Since the start of this series of storms on Sunday, PG&E has restored power to more than 350,000 customers.

Key Points: 
  • Since the start of this series of storms on Sunday, PG&E has restored power to more than 350,000 customers.
  • Through yesterday, power had been restored to more than 91 percent of customers in six hours or less.
  • Overall, about 15,000 customers remain out of power with about 11,000 of those related to outages that occurred with the arrival of todays second storm.
  • Additionally, the storm currently moving through Northern and Central California could hinder restoration efforts, and result in additional outage activity.