Oxy

Axis Launches New Era in Well Services with Deployment of Axis EPIC RIG™

Retrieved on: 
Monday, March 11, 2024

DALLAS, March 11, 2024 /PRNewswire/ -- Axis Energy Services announces its successful deployment of the oil and gas industry's first fully electric well service rig on wells operated by Occidental. Axis' EPIC RIG™ provides improvements in safety and efficiency, as well as the ability to run on grid power for reduced emissions and increased fuel flexibility. Axis' EPIC RIG™ is currently reworking production wells for Occidental under a long-term contract in the Permian Basin.

Key Points: 
  • Axis' EPIC RIG™ provides improvements in safety and efficiency, as well as the ability to run on grid power for reduced emissions and increased fuel flexibility.
  • Axis' EPIC RIG™ is currently reworking production wells for Occidental under a long-term contract in the Permian Basin.
  • "The EPIC RIG™ is easily the biggest leap forward for well-service technology in decades," said Axis CEO Ryan Phillips.
  • "Its deployment by Occidental signals the arrival of a new generation of well service rigs built for tomorrow's oilfield."

EQS-News: Operational update: Record production in 2023 and promising start in 2024

Retrieved on: 
Wednesday, March 13, 2024

15,500 BOEPD

Key Points: 
  • 15,500 BOEPD
    The oil and gas production of Deutsche Rohstoff reached a new record of approx.
  • In 2023, the average oil price was USD 77.58/BBL, slightly above the price assumption of USD 75/BBL in the base scenario.
  • The completion and start of production of the 3 wells is still planned for summer 2024.
  • For the years 2024 and 2025, a total of around 2 million barrels have been hedged at around USD 75/BBL.

Response Plus Medical announces strategic acquisition of UK-based Prometheus as part of global expansion plans

Retrieved on: 
Monday, January 22, 2024

Prometheus is part of Safeguard Medical, a global provider of innovative emergency medical technologies and specialized training for first responders.

Key Points: 
  • Prometheus is part of Safeguard Medical, a global provider of innovative emergency medical technologies and specialized training for first responders.
  • RPM is part of Response Plus Holding PJSC, the largest pre-hospital medical services provider in the UAE and KSA, listed on the Abu Dhabi Securities Exchange.
  • This acquisition brings together two leading healthcare providers forming a credible Global healthcare platform for Energy and Defense companies.
  • Dr. Rohil Raghavan, CEO of Response Plus Medical, reinforced the importance of this acquisition in implementing the company's global expansion strategy.

EQS-News: Deutsche Roshtoff AG: Strong development in Wyoming & Bright Rock Energy drilling program

Retrieved on: 
Saturday, December 30, 2023

Deutsche Rohstoff AG (WKN A0XYG7/ISIN DE000A0XYG76) provides an update on the development in Wyoming.

Key Points: 
  • Deutsche Rohstoff AG (WKN A0XYG7/ISIN DE000A0XYG76) provides an update on the development in Wyoming.
  • In the last 14 months, 28 wells have started production, 23 of them in the Niobrara formation and five in the Turner formation.
  • The subsidiary Bright Rock Energy, which holds around half of the acreage in Wyoming and has only drilled one well to date, will begin a program of several wells in December to further develop the highly prospective acreage near the “Buster" well Bright Rock drilled in 2021.
  • We have extensive acreages for further development and have successfully demonstrated that we are in a position to develop them very economically.

NFWF and NOAA Announce $144 Million in Grants to Support Coastal Resilience Projects

Retrieved on: 
Wednesday, November 29, 2023

These grants will support design and implementation of projects to enhance the resilience of coastal communities and improve habitat for fish and wildlife across the U.S.

Key Points: 
  • These grants will support design and implementation of projects to enhance the resilience of coastal communities and improve habitat for fish and wildlife across the U.S.
  • The 109 grants announced today will generate more than $97 million in matching contributions for a total conservation impact of $242 million.
  • The grants were awarded through the National Coastal Resilience Fund (NCRF), a partnership between NFWF , NOAA , the Department of Defense (DOD) , Shell USA , TransRe , SalesForce and Oxy .
  • These grants are in addition to the 27 projects totaling $44.7 million announced in October funded through the Inflation Reduction Act .

EQS-News: Salt Creek closing marks successful completion of 2023

Retrieved on: 
Tuesday, December 26, 2023

Deutsche Rohstoff AG (WKN A0XYG7/ISIN DE000A0XYG76) today announced the successful closing of the divestment of all Utah assets by its 100% subsidiary Salt Creek Oil & Gas.

Key Points: 
  • Deutsche Rohstoff AG (WKN A0XYG7/ISIN DE000A0XYG76) today announced the successful closing of the divestment of all Utah assets by its 100% subsidiary Salt Creek Oil & Gas.
  • Salt Creek Oil & Gas was advised by Ten Oaks Energy Advisors.
  • Deutsche Rohstoff already reported in November that the significant shift of the operational focus to Wyoming has been very successful.
  • Jan-Philipp Weitz, CEO: "With the closing of this transaction, we are confident that 2023 will be another record year for Deutsche Rohstoff AG, following a successful 2022.

Titan Production Equipment Announces Major Facility Expansion in Columbus, Texas

Retrieved on: 
Tuesday, November 7, 2023

Just over five years since Titan Production Equipment was spun out of Exterran Corporation, Titan announced they have expanded their manufacturing footprint by 65 percent through the acquisition of a large facility in Central Texas.

Key Points: 
  • Just over five years since Titan Production Equipment was spun out of Exterran Corporation, Titan announced they have expanded their manufacturing footprint by 65 percent through the acquisition of a large facility in Central Texas.
  • View the full release here: https://www.businesswire.com/news/home/20231107333061/en/
    Titan Production Equipment announced they have acquired a large facility in Central Texas, expanding their manufacturing footprint by 65 percent.
  • The acquisition enhances Titan’s existing capabilities at its main production facility, one of the largest of its kind in the United States.
  • Titan, headquartered in The Woodlands, Texas, engineers, designs and manufactures equipment used to separate, process and treat hydrocarbon streams for the oil and gas industry.

NFWF’s National Coastal Resilience Fund Announces $44.7 Million to Support Projects Across the Nation

Retrieved on: 
Thursday, October 5, 2023

The grants announced today will leverage an additional $25.2 million from the grantees, creating a total conservation impact of nearly $70 million.

Key Points: 
  • The grants announced today will leverage an additional $25.2 million from the grantees, creating a total conservation impact of nearly $70 million.
  • These grants will support design and implementation of projects to enhance the resilience of coastal communities and improve habitat for fish and wildlife in states facing increasing impacts to their communities from storms and other coastal hazards.
  • The National Coastal Resilience Fund is a partnership between NFWF , NOAA , the U.S. Department of Defense (DoD), Shell USA , TransRe and Oxy .
  • NFWF launched the National Coastal Resilience Fund in 2018, in partnership with NOAA and joined initially by Shell USA and TransRe.

Occidental and ADNOC to commence preliminary engineering study of a Direct Air Capture facility in the UAE

Retrieved on: 
Tuesday, October 3, 2023

HOUSTON, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced that its subsidiary 1PointFive and ADNOC signed an agreement to commence a jointly funded preliminary engineering study for a 1 million tonne-per-year Direct Air Capture (DAC) facility in the United Arab Emirates.

Key Points: 
  • HOUSTON, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced that its subsidiary 1PointFive and ADNOC signed an agreement to commence a jointly funded preliminary engineering study for a 1 million tonne-per-year Direct Air Capture (DAC) facility in the United Arab Emirates.
  • 1PointFive is marketing carbon dioxide removal (CDR) credits to assist hard-to-abate industries and other companies achieve their net-zero targets.
  • ADNOC is in the testing phase of the world’s first fully sequestered CO2 injection well in a carbonate saline aquifer in Abu Dhabi.
  • “This agreement demonstrates how Oxy and ADNOC are committed to advancing direct air capture technology in the UAE and underscores the necessary urgency needed to deliver global-scale climate solutions,” said Vicki Hollub, Occidental President and CEO.

FileTrail Extends Support of ARMA with Upcoming Event Sponsorships

Retrieved on: 
Thursday, September 14, 2023

programming includes thought provoking and action-oriented discussions on the issues facing today’s information governance leaders.

Key Points: 
  • programming includes thought provoking and action-oriented discussions on the issues facing today’s information governance leaders.
  • ARMA International InfoCon 2023 – Detroit, MI – October 9-11, 2023
    FileTrail is a conference sponsor.
  • Attendees can visit FileTrail in the exhibit hall at booth 413, featuring an interactive demo station with self-navigation.
  • FileTrail is proud to support ARMA International, a not-for-profit professional association and the authority on records and information management.