Hydrocarbon | Jotup

Lummus and Employees Recognized for Achievement, Innovation and Technology Leadership

Retrieved on:

Thursday, October 12, 2023

Pipeline, Hydrocarbon, Sustainability, Culture, S-Oil, Lummus, Gulf Energy SAOC, Complex, Creative industries, Film industry, Petroleum

HOUSTON, Oct. 12, 2023 /PRNewswire/ -- Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced that it won three awards at Gulf Energy Information's Energy Excellence Awards event on Oct. 11. Lummus won the following awards: Best Petrochemical Technology, Net Zero Cracker; Energy Project of the Year, S-OIL's Shaheen Crude-to-Chemicals Complex; and Most Promising Engineer, Bianca Ulrich.

Key Points:

Lummus won the following awards: Best Petrochemical Technology, Net Zero Cracker; Energy Project of the Year, S-OIL's Shaheen Crude-to-Chemicals Complex; and Most Promising Engineer, Bianca Ulrich.
Lummus was also a finalist for three other awards including: Lifetime Achievement, Ujjal Mukherjee, Chief Technology Officer; Best Petrochemical Technology, Verdene™ Polypropylene; and Best Refining Technology, Chevron Lummus Global ISOTERRA.
It underscores Lummus' commitment to driving innovation, creating a culture that values technical excellence and providing the opportunities for its engineers to thrive."
In 2022, Lummus won Licensor of the Year, and in 2021, the company won the Sustainability, Executive of the Year and Best Refining Technology categories.

Carbon Credits Market Size to Grow USD 143.5 Billion By 2032, Growing at a CAGR of 55.5% | Valuates Reports

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Monday, October 9, 2023

- The global Lithium market size is projected to reach USD 6187.8 million by 2027, from USD 3483.5 million in 2020, at a CAGR of 8.1% during 2021-2027.

Key Points:

- The global Lithium market size is projected to reach USD 6187.8 million by 2027, from USD 3483.5 million in 2020, at a CAGR of 8.1% during 2021-2027.
- Battery Materials Market is projected to reach USD 53980 Million by 2026, from USD 40540 Million in 2020, at a CAGR of 4.9% during the forecast period 2021-2026.
- The global Electric Aircraft market size is projected to reach USD 9566 million by 2027, from USD 6753.8 million in 2020, at a CAGR of 4.6% during 2021-2027.
- The global electric motor market size was valued at USD 106.3 billion in 2020 and is expected to reach USD 207.3 billion by 2030, with a CAGR of 6.7% from 2021 to 2030.

Carbon Credits Market Size to Grow USD 143.5 Billion By 2032, Growing at a CAGR of 55.5% | Valuates Reports

Retrieved on:

Monday, October 9, 2023

- The global Lithium market size is projected to reach USD 6187.8 million by 2027, from USD 3483.5 million in 2020, at a CAGR of 8.1% during 2021-2027.

Key Points:

- The global Lithium market size is projected to reach USD 6187.8 million by 2027, from USD 3483.5 million in 2020, at a CAGR of 8.1% during 2021-2027.
- Battery Materials Market is projected to reach USD 53980 Million by 2026, from USD 40540 Million in 2020, at a CAGR of 4.9% during the forecast period 2021-2026.
- The global Electric Aircraft market size is projected to reach USD 9566 million by 2027, from USD 6753.8 million in 2020, at a CAGR of 4.6% during 2021-2027.
- The global electric motor market size was valued at USD 106.3 billion in 2020 and is expected to reach USD 207.3 billion by 2030, with a CAGR of 6.7% from 2021 to 2030.

Getech Confirms Geothermal Potential for Angus Energy demonstrating significant potential in a UK development

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Wednesday, October 4, 2023

3D, Geothermal energy, Weather, Heat, Hydrocarbon, Engineering, Professional, Renewable energy

LONDON, Oct. 4, 2023 /PRNewswire-PRWeb/ -- Getech, a world-leading locator of subsurface resources, has completed a geothermal study for Angus Energy, demonstrating significant potential in a UK development.

Key Points:

Getech, a world-leading locator of subsurface resources, has completed a geothermal study for Angus Energy, demonstrating significant potential in a UK development.
LONDON, Oct. 4, 2023 /PRNewswire-PRWeb/ -- Getech, a world-leading locator of subsurface resources, has completed a geothermal study for Angus Energy, demonstrating significant potential in a UK development.
Angus Energy is committed to leveraging its oil & gas drilling and engineering expertise to develop geothermal energy projects.
Geothermal energy is a low-carbon, pervasive and reliable energy source with vast potential in the UK.

'Do Not Ever Divest of Hydrocarbons' - Larry Fink; COP-28 in UAE Promises Energy Reality says Friends of Science Society

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Tuesday, October 3, 2023

CALGARY, Alberta, Oct. 3rd, 2023 /PRNewswire-PRWeb/ -- In a surprising Bloomberg interview of Sept. 29, 2023, at the Berlin Global Dialogue forum, Larry Fink, CEO of BlackRock, the world's largest asset manager and decarbonization advocate, said "Hydrocarbons are going to be with us for a long, long time and that's why we are working with energy companies, not against energy companies. That is why we said, 'do not ever divest of hydrocarbons'," bringing much-needed energy reality to the global conversation, says Friends of Science Society.

Key Points:

That is why we said, 'do not ever divest of hydrocarbons'," bringing much-needed energy reality to the global conversation, says Friends of Science Society.
Friends of Science says this message should hit home with the Canadian Senators for Climate who are trying to introduce a Climate Finance bill to choke off investment for fossil fuels .
This fear was confirmed by the Alberta Electric System Operator (AESO), at a press conference on Sept. 28, 2023.
Dr. Clark will be one of Friends of Science Society's guest speakers at their upcoming Oct. 17, 2023 event in Calgary - "Break Free from Climate Tyranny: Evidence Over Ideology."

Calfrac Announces Extension and Amendment of Credit Facilities

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Friday, September 29, 2023

Well, Calfrac Well Services, HSBC Bank, Canadian Western Bank, Face, Toronto Stock Exchange, Bank statement, HSBC Bank Canada, Primary Dealer Credit Facility, Sale, CFW, ATB Financial, EBITDA, Times interest earned, Toronto-Dominion Bank, Hydrocarbon, Security (finance), Bank

CALGARY, Alberta, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Calfrac Well Services Ltd. ("Calfrac" or “the Company”) (TSX-CFW) is pleased to announce that it has entered into an agreement with a syndicate of Canadian financial institutions which amends and extends its credit facilities (the “Credit Facilities”).

Key Points:

CALGARY, Alberta, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Calfrac Well Services Ltd. ("Calfrac" or “the Company”) (TSX-CFW) is pleased to announce that it has entered into an agreement with a syndicate of Canadian financial institutions which amends and extends its credit facilities (the “Credit Facilities”).
As at June 30, 2023 the Interest Coverage Ratio and Total Debt to EBITDA ratio from continuing operations would have been 7.93:1.00 and 1.04:1.00, respectively.
Calfrac’s Chief Financial Officer, Mike Olinek, commented: “We are pleased to report an extension of the Company’s Credit Facilities with a newly configured lending syndicate consisting of four major financial institutions.
Calfrac provides specialized oilfield services to exploration and production companies designed to increase the production of hydrocarbons from wells with continuing operations focused throughout western Canada, the United States and Argentina.

Join Industrial Info's Industry Experts at October 25 Baton Rouge Event

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Thursday, September 28, 2023

Researched by Industrial Info Resources -- As we look forward to 2024, the future of the North American industrial marketplace finds itself at a crossroads.

Key Points:

Researched by Industrial Info Resources -- As we look forward to 2024, the future of the North American industrial marketplace finds itself at a crossroads.
The future of the North American industrial market is teetering between the industrialized society that has successfully passed the test of time, and the modern ideology of eliminating carbon emissions.
Join Industrial Info's industry experts as they provide clarity at our 2024 North American Market Outlook being held at the White Oak Estate and Gardens in Baton Rouge, Louisiana, on October 25, 2023, at 4:00 PM.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence.

Expro Provides Update on Vessel-Deployed Lightwell Intervention Business

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Thursday, September 28, 2023

Alternative Energy, Energy, Other Energy, Oil, Gas, Failure, Lightwell, 8-K, Risk, LWI, SSM, Form, Security (finance), Environment, ROV, NYSE, Hydrocarbon, Risk management, Natural gas, Expro

In addition, an initial ROV survey has confirmed that the equipment has come to rest at a safe location on the seabed.

Key Points:

In addition, an initial ROV survey has confirmed that the equipment has come to rest at a safe location on the seabed.
Expro has suspended vessel-deployed LWI operations and is working with the relevant stakeholders and independent experts to assess the incident, and plan the recovery operation.
The Company’s extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well intervention and integrity solutions.
For more information, please visit expro.com and connect with Expro on X (formerly Twitter) @ExproGroup and LinkedIn @Expro.

Global 500 Energy Company Repsol Selects CardinalOps to Enhance Detection Posture and Reduce Risk of Breaches

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Wednesday, September 27, 2023

Face, TTP, CISO, EST, MITRE ATT&CK, Security information and event management, Wind, Organization, Risk, Entrepreneurship, MITRE, Ciso, ATT&CK, Hydrocarbon, SIEM, Renewable energy, Risk management, Cryptocurrency, Repsol

TEL-AVIV, Israel and BOSTON, Sept. 27, 2023 /PRNewswire/ -- CardinalOps, the detection posture management company, today announced that global multi-energy company Repsol has deployed the CardinalOps platform to continuously assess its MITRE ATT&CK coverage and eliminate security gaps caused by missing or misconfigured detections.

Key Points:

TEL-AVIV, Israel and BOSTON, Sept. 27, 2023 /PRNewswire/ -- CardinalOps , the detection posture management company, today announced that global multi-energy company Repsol has deployed the CardinalOps platform to continuously assess its MITRE ATT&CK coverage and eliminate security gaps caused by missing or misconfigured detections.
With over 24,000 employees and global operations, Madrid-based Repsol is a global multi-energy provider that strives to lead the energy transition.
"Our digital environment is vast and expanding, making it essential that our detection posture is resilient in the face of today's threat landscape," said Javier García Quintela, Global CISO of Repsol.
"CardinalOps delivers the breadth of security coverage that we need to fix our detection gaps, resulting in a more secure environment and efficient security operations."

The Industrial Refrigerants Market Size Is Expected To Grow At A Rate Of More Than 7% And Reach A Value Of $34.2 Billion By 2027 - By The Business Research Company

Retrieved on:

Monday, September 25, 2023

LONDON , Sept. 25, 2023 /PRNewswire/ -- As per The Business Research Company's Refrigerants Global Market Report 2023, the global refrigerants market has experienced significant expansion, reflecting a growing emphasis on sustainability and climate considerations. According to recent market research, the global refrigerants market size exhibited robust growth, surging from $22.93 billion in 2022 to $25.34 billion in 2023, boasting a commendable compound annual growth rate (CAGR) of 10.5%. Furthermore, the refrigerants market is poised to continue its upward trajectory, with expectations of reaching $34.23 billion in 2027, reflecting a CAGR of 7.8%.

Key Points:

According to recent market research, the global refrigerants market size exhibited robust growth, surging from $22.93 billion in 2022 to $25.34 billion in 2023, boasting a commendable compound annual growth rate (CAGR) of 10.5%.
Furthermore, the refrigerants market is poised to continue its upward trajectory, with expectations of reaching $34.23 billion in 2027, reflecting a CAGR of 7.8%.
Rising Global Temperatures: Escalating global temperatures are driving the need for efficient and effective cooling systems, contributing to the growth of the refrigerants market.
Asia-Pacific emerged as the largest region in the refrigerants market , with a market worth $9,425.6 million in 2022.