CCS

California Resources Corporation to Combine with Aera Energy

Retrieved on: 
Wednesday, February 7, 2024
Other Energy, Environment, Oil, Gas, Alternative Energy, Green Technology, Energy, Climate Change, Carbon, Partnership, California Resources Corporation, CRC, CPP, Environmental issues, Carbon dioxide, G&A, Direct air capture, Philosophy, CUPS, Aera Energy, Investment, CCS, CO2, South Belridge Oil Field, Sale, MMT, EPA, DAC, CPP Investment Board, CTV, Renewable energy

California Resources Corporation (NYSE: CRC) today announced the signing of a definitive merger agreement to combine with Aera Energy, LLC (Aera) in an all-stock transaction.

Key Points: 
  • California Resources Corporation (NYSE: CRC) today announced the signing of a definitive merger agreement to combine with Aera Energy, LLC (Aera) in an all-stock transaction.
  • The transaction values Aera at approximately $2.1 billion, inclusive of Aera’s net debt and certain other obligations1, and is expected to be immediately accretive.
  • On behalf of CRC, we look forward to working with our new colleagues at Aera.
  • The combined company will own interests in five of the largest oil fields in California with opportunities to increase oil recovery.

Equinor fourth quarter and full year 2023 results

Retrieved on: 
Wednesday, February 7, 2024
Policy, Growth, Senior, Danske Commodities, Lindworm, RRR, Continental shelf, USD, Henry Hub, Dogger Bank, Tax, BP, Carbon, Use, Investment, NOK, New York Stock Exchange, EQNR, CCS, CO2, Forward, Kilowatt-hour, Sale, NCS, Energy, Empire Wind, Renewable energy

Equinor delivered strong production for the fourth quarter of 2,197 mboe per day, up from 2,046 in the same quarter of 2022, driving production growth for 2023 to 2.1%, above the updated guidance of 1.5%.

Key Points: 
  • Equinor delivered strong production for the fourth quarter of 2,197 mboe per day, up from 2,046 in the same quarter of 2022, driving production growth for 2023 to 2.1%, above the updated guidance of 1.5%.
  • Equinor delivered strong adjusted earnings* of USD 8.68 billion and USD 1.88 billion after tax in the fourth quarter.
  • In the fourth quarter, Equinor recognised net impairments of USD 328 million, mainly related to the announced sale of assets and exit from Azerbaijan.
  • Equinor paid two ordinary NCS tax instalments in the fourth quarter and an extra instalment in October, totalling at USD 7.9 billion.

Weatherford Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Tuesday, February 6, 2024
Well, Carbon, Petrobras, Partnership, ExxonMobil, Growth, Weatherford International, Senior, WFRD, PTTEP, Ageing, Note, QatarEnergy, Safety, Capital, MPD, Capital expenditure, Pump, CCS, Well services, Acquisition, Video game

HOUSTON, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced today its results for the fourth quarter of 2023 and full year 2023.

Key Points: 
  • Operating income was $216 million in the fourth quarter of 2023, compared to $218 million in the third quarter of 2023 and $169 million in the fourth quarter of 2022.
  • Basic income per share was $1.94, compared to $1.70 in the third quarter of 2023 and $1.01 in the fourth quarter of 2022.
  • Fourth quarter 2023 cash flows provided by operating activities were $375 million, compared to $172 million in the third quarter of 2023 and $193 million in the fourth quarter of 2022.
  • Capital expenditures were $67 million in the fourth quarter of 2023, compared to $42 million in the third quarter of 2023 and $49 million in the fourth quarter of 2022.

Top 5 Innovators to Watch

Retrieved on: 
Tuesday, February 6, 2024
Public policy, Biomedical Research, CCS, Entrepreneurship, Health, Research, Drug development, Organization, Drug discovery, Medical device

GAITHERSBURG, Md., Feb. 6, 2024 /PRNewswire/ -- Center for Contemporary Sciences (CCS) is announcing the selection of top 5 innovative companies to watch who are at the cutting edge of human biology-based methodologies for drug discovery and development. 

Key Points: 
  • To that end, CCS evaluated more than 150 companies and organizations developing or working with human-relevant technologies for biomedical research and drug development.
  • "I am especially excited to recognize the innovators going the extra mile and educating the public on this technology by including the community recognition criteria," says Public Policy Manager, Mikalah Singer.
  • "We are excited to share this "Top 5 Innovators to Watch" asset with the community to highlight the brilliant work of companies who are focused on human biology-based methodologies," says CEO and Co-Founder, Dr. Aysha Akhtar.
  • Dive into our "Top 5 Innovators to Watch" report to find out who the innovation winners are for human relevant research.

Fermata Energy Announces Groundbreaking Integration with BorgWarner Bidirectional Chargers to Enhance V2X Charging Capabilities for EV Fleets

Retrieved on: 
Tuesday, February 6, 2024
Automotive Manufacturing, Green Technology, Fleet Management, Manufacturing, Environment, Automotive, EV, Electric Vehicles, Sustainability, Software, Hardware, Data Management, Technology, Other Energy, Utilities, Alternative Vehicles, Fuels, Alternative Energy, Energy, General Automotive, Multimedia, GM, The Electric Company, History, V2X, Transport, Total cost of ownership, BWA, CCS, BorgWarner, UL, Original equipment manufacturer, EVS, Nissan, TCO, Toyota Motor North America, Renewable energy

Fermata Energy, a pioneer in intelligent bidirectional technology solutions, today announced the integration of its Vehicle-to-Everything (V2X) services platform with bidirectional EV chargers manufactured by BorgWarner Inc. (NYSE: BWA).

Key Points: 
  • Fermata Energy, a pioneer in intelligent bidirectional technology solutions, today announced the integration of its Vehicle-to-Everything (V2X) services platform with bidirectional EV chargers manufactured by BorgWarner Inc. (NYSE: BWA).
  • View the full release here: https://www.businesswire.com/news/home/20240206367637/en/
    Fermata Energy Integration with BorgWarner Bidirectional Chargers Enhances V2X Charging Capabilities for EV Fleets (Graphic: Business Wire)
    The integration of Fermata Energy’s software with BorgWarner’s hardware, includes both of their UL certified 60kW and 125kW chargers.
  • Fermata Energy is actively working with various automotive OEMs to embed bidirectional charging capabilities, showcasing its technological prowess and dedication to innovation in the bidirectional charging market.
  • "As two early market leaders in the V2X bidirectional charging space, we're thrilled to partner with BorgWarner,” said Tony Posawatz, CEO of Fermata Energy.

Direct Air Capture Market worth $1,727 million by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, February 6, 2024
Bioenergy, Market, Direct air capture, Superheater, Transport, Carbon sequestration, Carbon capture and storage, Climeworks, Commercial, CCS, CO2, Water, Region, Geothermal energy, Solvent, DAC, Heat pump, Capture, BECC

Based on technology, the Direct Air Capture Market has been split into solid-DAC (S-DAC), liquid-DAC, electrochemical-DAC and others.

Key Points: 
  • Based on technology, the Direct Air Capture Market has been split into solid-DAC (S-DAC), liquid-DAC, electrochemical-DAC and others.
  • This report segments the Direct Air Capture Market based on application into two segments: Carbon capture, and storage and Carbon capture, utilization, and storage.
  • Europe is expected to be the second largest Direct Air Capture Market during the forecast period.
  • The Direct Air Capture Market in Europe is primarily fueled by the significant supportive policies and ambitious climate goals.

Direct Air Capture Market worth $1,727 million by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, February 6, 2024
Bioenergy, Market, Direct air capture, Superheater, Transport, Carbon sequestration, Carbon capture and storage, Climeworks, Commercial, CCS, CO2, Water, Region, Geothermal energy, Solvent, DAC, Heat pump, Capture, BECC

Based on technology, the Direct Air Capture Market has been split into solid-DAC (S-DAC), liquid-DAC, electrochemical-DAC and others.

Key Points: 
  • Based on technology, the Direct Air Capture Market has been split into solid-DAC (S-DAC), liquid-DAC, electrochemical-DAC and others.
  • This report segments the Direct Air Capture Market based on application into two segments: Carbon capture, and storage and Carbon capture, utilization, and storage.
  • Europe is expected to be the second largest Direct Air Capture Market during the forecast period.
  • The Direct Air Capture Market in Europe is primarily fueled by the significant supportive policies and ambitious climate goals.

Tobacco plain packaging progress continues worldwide with 42 countries and territories moving forward with regulations

Retrieved on: 
Tuesday, February 6, 2024
Public, American Cancer Society, Tobacco industry, FCTC, Child, Publication, Lung cancer, Lung, CCS, World Health Organization, Party, Tobacco, Canadian Cancer Society, Human, Mouth, Smoking, Cancer, Conference, WHO, Deception

Presently, 42 countries and territories are actively moving ahead with plain packaging, with 25 having adopted the measure, 3 having it in practice, and 14 in the process of implementation.

Key Points: 
  • Presently, 42 countries and territories are actively moving ahead with plain packaging, with 25 having adopted the measure, 3 having it in practice, and 14 in the process of implementation.
  • progressing
    "There is a strong global trend for countries to implement plain packaging," says Rob Cunningham, Senior Policy Analyst, CCS.
  • There are now 25 countries and territories that have adopted plain packaging, up from only 9 countries in 2018 and 21 countries in 2021.
  • Guidelines under the international tobacco treaty, the World Health Organization (WHO) Framework Convention on Tobacco Control (FCTC), recommend that countries consider implementing plain packaging.

Tobacco plain packaging progress continues worldwide with 42 countries and territories moving forward with regulations

Retrieved on: 
Tuesday, February 6, 2024
Public, American Cancer Society, Tobacco industry, FCTC, Child, Publication, Lung cancer, Lung, CCS, World Health Organization, Party, Tobacco, Canadian Cancer Society, Human, Mouth, Smoking, Cancer, Conference, WHO, Deception

TORONTO, Feb. 6, 2024 /PRNewswire/ -- An international report released today by the Canadian Cancer Society (CCS) reveals ongoing advancements in tobacco plain packaging worldwide. Presently, 42 countries and territories are actively moving ahead with plain packaging, with 25 having adopted the measure, 3 having it in practice, and 14 in the process of implementation. The CCS report, titled Cigarette Package Health Warnings: International Status Report, details global progress on plain packaging, ranks 211 countries and territories on the size of their health warnings on cigarette packages, and lists the 138 countries and territories that now require graphic picture warnings.

Key Points: 
  • Presently, 42 countries and territories are actively moving ahead with plain packaging, with 25 having adopted the measure, 3 having it in practice, and 14 in the process of implementation.
  • progressing
    "There is a strong global trend for countries to implement plain packaging," says Rob Cunningham, Senior Policy Analyst, CCS.
  • There are now 25 countries and territories that have adopted plain packaging, up from only 9 countries in 2018 and 21 countries in 2021.
  • Guidelines under the international tobacco treaty, the World Health Organization (WHO) Framework Convention on Tobacco Control (FCTC), recommend that countries consider implementing plain packaging.

NOV Reports Fourth Quarter and Full Year 2023 Earnings

Retrieved on: 
Thursday, February 1, 2024
Energy, Other Energy, Oil, Gas, Carbon, Wind, DBS, NOV, Dehydration, Continental shelf, Excalibur, MWD, Safety, Telemetry, Corrosion, Acquisition, Seawater, Growth, IA Financial Group, Electronics, Eagle Ford, Dallas, ELS, MPD, CCS, Automation, CO2, NOVOS, IntelliServ, Carbon capture and storage, Adjustment, Completion, BPS, MEG, Thermal conductivity, Ethylene glycol, Video game

NOV Inc. (NYSE: NOV) today reported fourth quarter 2023 revenues of $2.34 billion, an increase of seven percent compared to the third quarter of 2023 and an increase of 13 percent compared to the fourth quarter of 2022.

Key Points: 
  • NOV Inc. (NYSE: NOV) today reported fourth quarter 2023 revenues of $2.34 billion, an increase of seven percent compared to the third quarter of 2023 and an increase of 13 percent compared to the fourth quarter of 2022.
  • Completion & Production Solutions generated revenues of $803 million in the fourth quarter of 2023, an increase of six percent from the third quarter of 2023 and an increase of nine percent from the fourth quarter of 2022.
  • Rig Technologies generated revenues of $766 million in the fourth quarter of 2023, an increase of 12 percent from the third quarter of 2023 and an increase of 24 percent from the fourth quarter of 2022.
  • NOV will hold a conference call to discuss its fourth quarter 2023 results on February 2, 2024 at 10:00 AM Central Time (11:00 AM Eastern Time).