Wellhead

New Southern California Energy Storage Project Launches, Delivering Clean Power and Improved State Grid Resiliency

Retrieved on: 
Wednesday, December 6, 2023
Environment, Technology, Climate Change, Other Energy, Utilities, Alternative Energy, Sustainability, Energy, Batteries, Carbon, Energy Vault, STEM, Multimedia, Partnership, Southern California Edison, Electricity, Education, Renewable energy, Electric power, Wellhead

State and local energy leaders joined company representatives to celebrate the launch of the 68.8 MW/275.2 MWh system, one of the largest energy storage systems in Southern California.

Key Points: 
  • State and local energy leaders joined company representatives to celebrate the launch of the 68.8 MW/275.2 MWh system, one of the largest energy storage systems in Southern California.
  • View the full release here: https://www.businesswire.com/news/home/20231206351655/en/
    The facility’s state-of-the-art battery energy storage system marks a significant step forward in providing clean power and improved grid resiliency in Orange County and the Southern California Edison Southwest LA region, while also reducing the carbon footprint of the regional grid.
  • With enough storage capacity to power 65,000 homes, SBES is capable of delivering enough clean energy to keep the lights on for many in the region.
  • “SBES is a clean energy storage solution that will deliver greater resiliency and stability during times of peak energy demand while simultaneously moving California towards a more sustainable energy future."

Energy Vault Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 7, 2023
Alternative Energy, Energy, Other Energy, Utilities, Adjustment, Wellhead, Q&A, Sustainability, NYSE, Kilowatt-hour, EBITDA, GAAP, Wind, Energy management system, Southern California Edison, William W. Powers State Recreation Area, Growth, S&P, Energy Vault, Gravity-based structure, KV, Renewable energy, Electric battery

Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the third quarter ended September 30, 2023.
  • “The Energy Vault team executed well in delivering record revenue this past quarter across multiple customer sets in the US market while supporting strong regional demand for our gravity energy storage systems in China, India, South Africa and the US market,” said Robert Piconi, Chairman and CEO of Energy Vault.
  • Built using Energy Vault’s proprietary system design and Energy Management System, the Stanton Energy Storage System is one of the largest energy storage systems in Southern California.
  • Energy Vault will host a conference call today, November 7, 2023 at 4:30 PM ET to discuss the results, followed by a Q&A session.

Energy Vault, Wellhead and W Power Begin Commercial Operations of Stanton Battery Energy Storage System

Retrieved on: 
Tuesday, November 7, 2023
Utilities, Other Natural Resources, Sustainability, Alternative Energy, Consumer, Energy, Natural Resources, Environment, Green Technology, Engineering, Women, Manufacturing, NYSE, Carbon, Multimedia, William W. Powers State Recreation Area, Partnership, Energy Vault, EPC, BESS, Renewable energy, Construction, Wellhead

Energy Vault Holdings Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, along with Wellhead Electric Company, Inc. (“Wellhead”) and W Power, LLC, (“W Power”), a woman-owned business enterprise that develops and owns power generation facilities in California, today announced that the Stanton Battery Energy Storage System (SBES) is fully operational.

Key Points: 
  • Energy Vault Holdings Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, along with Wellhead Electric Company, Inc. (“Wellhead”) and W Power, LLC, (“W Power”), a woman-owned business enterprise that develops and owns power generation facilities in California, today announced that the Stanton Battery Energy Storage System (SBES) is fully operational.
  • View the full release here: https://www.businesswire.com/news/home/20231107122301/en/
    The 68.8 MW/275.2 MWh battery energy storage system (BESS) in Stanton, California, one of the largest energy storage systems in Southern California, has commenced full-scale operations.
  • The Stanton system is providing clean power and improved grid resiliency in Southern California Edison Southwest LA region by directly supporting and providing power for a high-demand load center.
  • “The Energy Vault team designed and deployed the optimal energy storage solution for our Stanton site,” said Hal Dittmer, Chief Executive Officer, Wellhead.

Park Energy Services Announces its Acquisition of Additional Compression Units

Retrieved on: 
Tuesday, July 27, 2021
Finance, Oil, Gas, Energy, Professional services, Other Energy, Petroleum production, Wellhead, Petroleum industry, Energy industry

Rock Hill Capital (Rock Hill) is pleased to announce that its portfolio company, Park Energy Services, LLC (Park), has completed the acquisition of certain lower horsepower operating assets from Archrock, Inc.

Key Points: 
  • Rock Hill Capital (Rock Hill) is pleased to announce that its portfolio company, Park Energy Services, LLC (Park), has completed the acquisition of certain lower horsepower operating assets from Archrock, Inc.
  • Furthermore, the transaction expands Parks customer base and bolsters the companys service capabilities throughout its operating footprint.
  • The transaction is the most recent acquisition by Park as it continues to serve the energy industry as a leading provider of wellhead and vapor recovery compression.
  • Park Energy Services ( www.parkenergyservices.com ), headquartered in Oklahoma City, Oklahoma, operates a fleet of compressor units focused on wellhead compression, gas lift and vapor recovery in major producing basins of Texas, Oklahoma, Pennsylvania, Ohio, New Mexico and Colorado.

Wellhead Equipment Market Report 2021-2026: Industry Trends, Share, Size, Growth, Opportunity and Forecasts - ResearchAndMarkets.com

Retrieved on: 
Wednesday, July 14, 2021
Other Manufacturing, Manufacturing, Oil wells, Petroleum production, Petroleum industry, Oil platforms, Wellhead, Energy industry

The "Wellhead Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Wellhead Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
  • The global wellhead equipment market reached a value of US$ 6.2 Billion in 2020.
  • Wellhead equipment refers to a device that is permanently installed at the surface of an oil and gas well.
  • What is the structure of the global wellhead equipment market and who are the key players?

CNOOC Limited Announces Liuhua 29-2 Gas Field Commences Production

Retrieved on: 
Thursday, May 6, 2021
Petroleum industry, China National Offshore Oil Corporation, Subsea, Wellhead, Energy industry

b'HONG KONG, May 6, 2021 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) today announced that Liuhua 29-2 gas field has commenced production.\nThe Liuhua 29-2 gas field is located in the eastern South China Sea, 300 kilometers southeast of Hong Kong, with water depth of about 750 meters.

Key Points: 
  • b'HONG KONG, May 6, 2021 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) today announced that Liuhua 29-2 gas field has commenced production.\nThe Liuhua 29-2 gas field is located in the eastern South China Sea, 300 kilometers southeast of Hong Kong, with water depth of about 750 meters.
  • A new subsea wellhead has been built, with 1 development well planned, which will fully utilize the existing production facilities of Liwan 3-1 gas field and other deepwater gas fields.
  • It is expected to reach a peak production of approximately 41 million cubic feet of natural gas per day in 2021.\nCNOOC Limited holds 100% interest of Liuhua 29-2gas field and acts as the operator.\nThis press release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, including statements regarding expected future events, business prospectus or financial results.
  • The words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify such forward-looking statements.

$ 1.65 Billion Growth in Global Offshore Oil and Gas Seismic Equipment and Acquisitions Market 2021-2025 | Featuring ARGAS, Fugro NV, and ION Geophysical Corp. among others| Technavio

Retrieved on: 
Tuesday, March 30, 2021
Petroleum production, Petroleum industry, Wellhead

The offshore oil and gas seismic equipment and acquisitions market is expected to grow by USD 1.65 billion during 2021-2025, according to Technavio.

Key Points: 
  • The offshore oil and gas seismic equipment and acquisitions market is expected to grow by USD 1.65 billion during 2021-2025, according to Technavio.
  • The report offers a detailed analysis of the impact of the COVID-19 pandemic on the offshore oil and gas seismic equipment and acquisitions market in optimistic, probable, and pessimistic forecast scenarios.
  • The offshore oil and gas seismic equipment and acquisitions market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic.
  • Key Considerations for Market Forecast:
    Related Report on Energy Include:
    GlobalWellhead Equipment Market- Global wellhead equipment market is segmented byapplication (onshore and offshore) and geography (APAC, Europe, MEA, North America, and South America).

Global Wellhead Equipment Market Procurement Intelligence Report with COVID-19 Impact Analysis | Global Market Forecasts, Analysis 2021-2025 | SpendEdge

Retrieved on: 
Thursday, March 25, 2021
Articles, Business, Dispute resolution, Negotiation, Personal selling, Procurement, Wellhead, Petroleum industry

This report also offers market impact and new opportunities created due to the COVID-19 pandemic.

Key Points: 
  • This report also offers market impact and new opportunities created due to the COVID-19 pandemic.
  • Download free sample report
    Key Highlights Offered in the Report:
    Information on how to identify strategic and tactical negotiation levels that will help achieve the best prices.
  • Insights into buyer strategies and tactical negotiation levers:
    Several strategic and tactical negotiation levers are explained in the report to help buyers achieve the best prices for the Wellhead Equipment market.
  • Some of the top Wellhead Equipment suppliers listed in this report:
    This Wellhead Equipment procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.

New Oil Discovery: Klean Finds Never Ending Renewable Oil Fields

Retrieved on: 
Thursday, January 21, 2021
Oil wells, Wellhead, Petroleum industry, Science and technology, Inventions

Additionally, Klean has further reinforced its current business initiatives by coupling its manufacturing capabilities with trade finance relationships.

Key Points: 
  • Additionally, Klean has further reinforced its current business initiatives by coupling its manufacturing capabilities with trade finance relationships.
  • Imagine that this oil field requires no exploration, no wellhead drilling & replenishes itself each year with more oil than you started with.
  • What if you actually got paid to process the oil field and got to keep the oil at the same time?
  • By comparison, Klean Industries can source refined oil without exploration, drilling or the production of additional carbon emissions in the environment.

Qatargas Awards Offshore Engineering Contract to McDermott

Retrieved on: 
Wednesday, January 6, 2021
Petroleum industry, Qatargas, Petroleum production, McDermott International, Qatar Petroleum, Wellhead, Energy

HOUSTON, Jan. 6, 2021 /PRNewswire/ --McDermott International, Ltd today announced it has been awarded a contract from Qatargas to deliver front-end engineering and design (FEED) work for Qatar Petroleum's North Field South (NFS) project.

Key Points: 
  • HOUSTON, Jan. 6, 2021 /PRNewswire/ --McDermott International, Ltd today announced it has been awarded a contract from Qatargas to deliver front-end engineering and design (FEED) work for Qatar Petroleum's North Field South (NFS) project.
  • The contract scope includes the replication of five offshore wellhead platforms.
  • McDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry.
  • Except to the extent required by applicable law, McDermott undertakes no obligation to update or revise any forward-looking statement.