Midstream

SAULSBURY ANNOUNCES EXECUTIVE LEADERSHIP CHANGES, MATT SAULSBURY NAMED PRESIDENT

Retrieved on: 
Tuesday, February 28, 2023
Carbon, Battery, Chat, Business development, Sequestration, United Nations Office for Project Services, Management, Finance, Midstream

ODESSA, Texas, Feb. 28, 2023 /PRNewswire/ -- Today Saulsbury Industries announced executive leadership changes with Chat York, CEO, stating his departure from the company.

Key Points: 
  • ODESSA, Texas, Feb. 28, 2023 /PRNewswire/ -- Today Saulsbury Industries announced executive leadership changes with Chat York, CEO, stating his departure from the company.
  • The Saulsbury Board of Directors elected Matt Saulsbury President of Saulsbury Industries.
  • Matt has been with Saulsbury for 30 years and previously held the position of Vice President, Project Services, a role he has served in for the last 8 years.
  • Matt Saulsbury said, "I'm honored to step into this role as President of Saulsbury and look forward to continuing to work with the excellent team of talented individuals that Saulsbury is fortunate to have in place.

Kinetik Reports Fourth Quarter and Full Year 2022 Financial and Operating Results and Provides 2023 Guidance

Retrieved on: 
Monday, February 27, 2023
Energy, Other Energy, Oil, Gas, Storm, Diamond, Permian, APA Corporation, Natural gas, Ethane, December 2022 North American winter storm, Transport, Apache, Square, Repurchase agreement, Senior, NYSE, MVC, Share repurchase, DRIP, Blackstone, Growth, KNTK, Capital, Midstream, Capital expenditure, WTI, Rail transport by country, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., D-Link, British thermal unit, Welch, Common stock, PHP, Adjustment, Cryptocurrency, Petroleum, Fine chemical, Sales, Self storage, Kinetik

Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today reported financial results for the quarter and year ended December 31, 2022.

Key Points: 
  • Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today reported financial results for the quarter and year ended December 31, 2022.
  • “We are extremely proud of the results we achieved in 2022,” said Jamie Welch, Kinetik’s Chief Executive Officer and President.
  • At the same time, our full year 2022 Capital Expenditures5 were $284.0 million, near the bottom of our $280 million to $300 million revised guidance.
  • As a result, our 2023 Guidance does not include the $70 million of commodity price benefits that we realized in 2022.

UGI Reports Solid First Quarter Results

Retrieved on: 
Wednesday, February 1, 2023
Utilities, Energy, EPS, National accounts, RNG, EBIT, AmeriGas, UGI, Natural gas, UGI Corporation, Pennant, NYSE, Internet, Midstream, Interest, Weather, GAAP, Webcast, Mountaineering, Public utility, ESG, MSCI, LPG, Marketing, Growth, Cryptocurrency, Renewable energy

UGI Corporation (NYSE: UGI) today reported financial results for the fiscal quarter ended December 31, 2022.

Key Points: 
  • UGI Corporation (NYSE: UGI) today reported financial results for the fiscal quarter ended December 31, 2022.
  • Q1 reportable segments earnings before interest expense and income taxes1 ("EBIT") of $411 million compared to $348 million in the prior-year period.
  • UGI Utilities implemented new gas base rates and weather normalization in October and November, respectively.
  • "During the quarter, we made meaningful progress in executing on our renewables strategy with additional RNG projects announced in New York and South Dakota.

Hess Reports Estimated Results for the Fourth Quarter of 2022

Retrieved on: 
Wednesday, January 25, 2023
Energy, Natural Resources, Other Natural Resources, Oil, Gas, Destiny, Public expenditure, Water, JDA, Hess Corporation, Hess, Corporation, Midstream, NGL, Carbon, Weather, Prosperity, GAAP, Fangtooth, Barrel, Liza, Sale, ONE, Interest, FPSO Noble Seillean, Uaru, Video game, Airline, Petroleum, Pharmaceutical industry, Gulf of Mexico, Yellowtail

E&P net income was $667 million in the fourth quarter of 2022, compared with $309 million in the fourth quarter of 2021.

Key Points: 
  • E&P net income was $667 million in the fourth quarter of 2022, compared with $309 million in the fourth quarter of 2021.
  • Net production, excluding Libya, was 376,000 boepd in the fourth quarter of 2022, compared with 295,000 boepd in the fourth quarter of 2021, primarily due to higher production in Guyana.
  • After-tax expense for Corporate, Interest and Other was $107 million in the fourth quarter of 2022, compared with $118 million in the fourth quarter of 2021.
  • Net cash provided by operating activities was $1,252 million in the fourth quarter of 2022, up from $899 million in the fourth quarter of 2021.

Equinor fourth quarter and full year 2022 results

Retrieved on: 
Wednesday, February 8, 2023
Well, Policy, Marketing, Midstream, Tax, Norwegian State Educational Loan Fund, Hydrogen, Longevity, NYSE, Carbon, MMP, Wind, Bank account, Henry Hub, Dogger Bank, CO2, NCS, Kilowatt-hour, AGM, Exploration, Use, Investment, Growth, Natural gas, USD, Share repurchase, Video game, Bookkeeping, Holding company, Software, Renewable energy, Bank, Cryptocurrency, Equinor

Equinor (OSE:EQNR, NYSE:EQNR) delivered adjusted earnings* of USD 15.1 billion and USD 5.80 billion after tax in the fourth quarter of 2022.

Key Points: 
  • Equinor (OSE:EQNR, NYSE:EQNR) delivered adjusted earnings* of USD 15.1 billion and USD 5.80 billion after tax in the fourth quarter of 2022.
  • Equinor completed five exploration wells offshore with one commercial discovery in the quarter and four wells were ongoing at the quarter end.
  • Equinor realised a European gas price of USD 29 per mmbtu and realised liquids prices where USD 80.4 per bbl in the fourth quarter.
  • Although prices are comparatively higher than the corresponding quarter in 2021, European gas price weakened through the fourth quarter of 2022.

Global Water Cut Monitors Market to Reach $291.2 Million by 2027 at a 5.9% CAGR - ResearchAndMarkets.com

Retrieved on: 
Friday, December 2, 2022
Other Natural Resources, Natural Resources, Growth, Midstream, COVID-19, Pet

In the changed post COVID-19 business landscape, the global market for Water Cut Monitors estimated at US$194.7 Million in the year 2020, is projected to reach a revised size of US$291.2 Million by 2027, growing at a CAGR of 5.9% over the analysis period 2020-2027.

Key Points: 
  • In the changed post COVID-19 business landscape, the global market for Water Cut Monitors estimated at US$194.7 Million in the year 2020, is projected to reach a revised size of US$291.2 Million by 2027, growing at a CAGR of 5.9% over the analysis period 2020-2027.
  • Upstream, one of the segments analyzed in the report, is projected to record a 5.9% CAGR and reach US$123 Million by the end of the analysis period.
  • The U.S. Market is Estimated at $53 Million, While China is Forecast to Grow at 9.4% CAGR
    The Water Cut Monitors market in the U.S. is estimated at US$53 Million in the year 2020.
  • China, the world's second largest economy, is forecast to reach a projected market size of US$61.1 Million by the year 2027 trailing a CAGR of 9.3% over the analysis period 2020 to 2027.

CLEAResult Awarded $12.5 Million in Residential Efficiency Contracts with Energy Trust of Oregon

Retrieved on: 
Thursday, December 1, 2022
Electronic Design Automation, Data Management, Public Policy, Government, Technology, Other Retail, Logistics, Supply Chain Management, Other Construction & Property, Construction & Property, Entertainment, Other Energy, Retail, Utilities, Energy, Consulting, Supply Chain Management, Professional Services, Online Retail, Other Policy Issues, Home Goods, Transport, Online, Software, Online, Marketing, Energy, Organization, TPG, Inflation, City, Carbon footprint, TPG Capital, Growth, Midstream, Trust law, Ecosystem, Business, Forecasting, Renewable energy

CLEAResult, the largest energy efficiency solutions provider in the U.S. and Canada, was recently awarded contracts totaling $12.5 million in 2023 to holistically manage and deliver Energy Trust of Oregons Residential energy efficiency programs.

Key Points: 
  • CLEAResult, the largest energy efficiency solutions provider in the U.S. and Canada, was recently awarded contracts totaling $12.5 million in 2023 to holistically manage and deliver Energy Trust of Oregons Residential energy efficiency programs.
  • Were really excited to show the impact energy efficiency programs can have when everything is integrated, said CLEAResult CEO Rich McBee.
  • The awarded contracts continue CLEAResults management of Energy Trust of Oregons wide-ranging Residential portfolio and includes a new Midstream and Online program with a combined first-year budget estimated at $12.5 million.
  • CLEAResult is the largest provider of energy efficiency, energy transition, and decarbonization solutions in North America.

W&T Offshore Announces Management Promotions

Retrieved on: 
Thursday, December 1, 2022
BBA, Bruin, University, CMS Energy, MBA, Natural gas, Human, Business development, SHRM, Panhandle Eastern, Society for Human Resource Management, Society, Duke Energy, Georgia Southwestern State University, Terry College of Business, Senior, Moses Austin, NYSE, Business administration, Georgia Southern University, Market development, Human resources, PHR, Business, HR, Management, Southern Union State Community College, Gulf of Mexico, Marketing, Midstream

We are welcoming to our senior leadership team three well-respected leaders and wish them the best in their new positions.

Key Points: 
  • We are welcoming to our senior leadership team three well-respected leaders and wish them the best in their new positions.
  • Prior to that, Mr. Tate held various management positions in Marketing, Marketing Operations, Business Development and Supply and Gas Measurement with Duke Energy, PanEnergy, Panhandle Eastern Corporation and Hytech Energy.
  • She is a member of the Society for Human Resource Management (SHRM) and has earned both the PHR and SHRM-CP designations.
  • W&T Offshore, Inc. is an independent oil and natural gas producer with operations offshore in the Gulf of Mexico and has grown through acquisitions, exploration, and development.

RGC Resources, Inc. Reports 2022 Earnings

Retrieved on: 
Wednesday, November 16, 2022
Growth, MVP, Mountain Valley Pipeline, RGC Resources, SAVE, Midstream, GAAP, Bank

ROANOKE, Va., Nov. 16, 2022 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (NASDAQ: RGCO) announced a consolidated Company net loss of $31,732,602 or $3.48 per share for the fiscal year ended September 30, 2022.

Key Points: 
  • ROANOKE, Va., Nov. 16, 2022 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (NASDAQ: RGCO) announced a consolidated Company net loss of $31,732,602 or $3.48 per share for the fiscal year ended September 30, 2022.
  • Roanoke Gas continued executing its strategy of utility investment that increases system reliability and drives customer growth and earnings.
  • The overall underlying earnings decline was attributable to the lower non-cash MVP earnings and borrowing costs in the Midstream subsidiary.
  • RGC Resources, Inc. provides energy and related products and services to customers in Virginia through its operating subsidiaries Roanoke Gas Company and RGC Midstream, LLC.

Mizuho Americas Hires Nitin Kumar, CFA as Senior Energy Equity Research Analyst

Retrieved on: 
Monday, October 31, 2022
MFG, Marshall College, Gas, EMEA, Bank, Franklin & Marshall College, Columbia University, Economics, Research, Exploration, CFA, Mizuho, Public utility, Deutsche Bank, NYSE, Prize, MBA, BofA Securities, Public sector, GLOBE, Wells Fargo, Mizuho Financial Group, Credit Suisse, Senior, Midstream, Financial services

NEW YORK, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Mizuho Americas today announced the hiring of Nitin Kumar, CFA, as Managing Director and Senior Energy Equity Research Analyst.

Key Points: 
  • NEW YORK, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Mizuho Americas today announced the hiring of Nitin Kumar, CFA, as Managing Director and Senior Energy Equity Research Analyst.
  • Kumar joins an experienced, global energy and power research team, which includes Utilities Senior Analysts Paul Fremont and Anthony Crowdell, Midstream & MLP Senior Analyst Gabe Moreen and analyst Robert Mosca, with energy trader Andrew Hooker in the U.S., and Energy Senior Analyst Norimasa Shinya in Japan.
  • Kumar will report to Managing Director and Head of U.S. Equity Research, Susan Gilbertson.
  • Mizuho Americas is an integral part of the Japan-based Mizuho Financial Group, Inc. (NYSE: MFG).