O&G

Propel Global Berhad Confident of Expansion Plans on New Structure and Fresh Cash Injection

Retrieved on: 
Wednesday, April 27, 2022
Ventilation, Air conditioning, Multinational corporation, Plant, Main–Market Historic District, Group, EGM, Engineering, Daya, Technology, Heat, Solution, Maintenance, Investment, O&G, Industry, World Energy Outlook, End Use Energy Demand Centres, Digital technology, PGB, Renewable energy, Oil

Ms. Angeline Lee, Group Chief Executive Officer of Propel Global said, "We would like to thank stakeholders for keeping the faith with us on the corporate exercises that will conclude with the listing of Propel Global.

Key Points: 
  • Ms. Angeline Lee, Group Chief Executive Officer of Propel Global said, "We would like to thank stakeholders for keeping the faith with us on the corporate exercises that will conclude with the listing of Propel Global.
  • As a result of the funding from the private placement, Propel Global has a healthy cash balance and minimal debt as the gearing ratio has been reduced to 0.6 times."
  • Propel Global Berhad is the listing vehicle that will take over the listing of Daya Materials Berhad on 28 April 2022.
  • As part of the Group's listing, Propel Global will acquire Daya Materials' oil and gas ("O&G") and building technical services assets.

Koil Energy Solutions Hires Felipe Lunardini as Director of Projects & Engineering

Retrieved on: 
Thursday, April 21, 2022
Engineering, CEO, Future, GLOBE, Project, The Project of Engineer Prite, Company, Solution, Francesco Lunardini, FEED, O&G, Deep Down, Renewable energy

HOUSTON, April 21, 2022 (GLOBE NEWSWIRE) -- Koil Energy Solutions, an international leader and provider of full cycle subsea technology solutions, has announced the addition of Felipe Lunardini as Director of Projects and Engineering.

Key Points: 
  • HOUSTON, April 21, 2022 (GLOBE NEWSWIRE) -- Koil Energy Solutions, an international leader and provider of full cycle subsea technology solutions, has announced the addition of Felipe Lunardini as Director of Projects and Engineering.
  • Lunardini will be overall responsible for the execution of all Koil Energy projects.
  • Before joining Koil Energy Solutions, Lunardini was a Senior Project Manager for Doris, Inc. where he led pre-FEED and FEED engineering phases for multiple projects as well as oversaw subsea equipment and systems engineering.
  • Koil Energy is a leading energy services company offering subsea equipment and support services to the worlds energy and offshore industries.

Radix Shares Digital Transformation Expertise at TAPPICon 2022

Retrieved on: 
Wednesday, April 6, 2022
Advanced process control, Paulo, Engineering, Culture, Pulp and Paper, Partnership, HQ, Transport, Health care, Retirement, Foodservice, Metadata, O&G, Industrial, Radix, Food, APC, KPI-driven code analysis, Workforce, Pulp, Metal, Solution, Collection, GLOBE, AWS, Ruby, Education, Data-driven, Risk management, Book, Chemical substance, Software

HOUSTON, April 06, 2022 (GLOBE NEWSWIRE) -- Radix Engineering is pleased to be a Ruby sponsor and presenter at TAPPICon 2022, April 30 May 4, 2022, Charlotte, NC.

Key Points: 
  • HOUSTON, April 06, 2022 (GLOBE NEWSWIRE) -- Radix Engineering is pleased to be a Ruby sponsor and presenter at TAPPICon 2022, April 30 May 4, 2022, Charlotte, NC.
  • Founded in 2010, Radix Engineering & and Software (www.radixeng.com) is a global technology company that provides consulting, engineering, operations technology, and digital solutions.
  • Radix combines in one company the key capabilities and practices to enable our worldwide customers to thrive in their digital journey.
  • With strong focus on results, people, and long-term relationships, Radix has developed projects in more than 20 countries worldwide.

Mitsubishi Power Aero Provides Mobile, On-Demand, Aero-Derivative Power Units to Life Cycle Power To Strengthen Texas Electric Grid

Retrieved on: 
Monday, April 11, 2022
Utilities, Oil, Gas, Manufacturing, Alternative Energy, Energy, Other Manufacturing, Risk, ERCOT, LinkedIn, Natural gas, LCP, Mining, O&G, Plant, CEO, Carbon, Combined cycle power plant, Electricity, EPC, Solution, Weather, Renewable energy

Mitsubishi Power Aero LLC, a leading global provider of fast-track, on-demand power solutions, has signed an agreement with Life Cycle Power (Houston, Texas) to supply five FT8 MOBILEPAC gas turbine units, adding 155 megawatts of capability to LCPs fleet.

Key Points: 
  • Mitsubishi Power Aero LLC, a leading global provider of fast-track, on-demand power solutions, has signed an agreement with Life Cycle Power (Houston, Texas) to supply five FT8 MOBILEPAC gas turbine units, adding 155 megawatts of capability to LCPs fleet.
  • Mitsubishi Power Aeros multi-fuel, 31-megawatt mobile generators fulfill urgent requirements, including disaster relief and emergency power.
  • Life Cycle Power required prompt delivery and quick installation, and more importantly, dependable, flexible generating equipment that is designed to provide power fast.
  • Mitsubishi Power Aero is a group company of Mitsubishi Power Americas, Inc. Connect with us at aero.power.mhi.com and LinkedIn .

Mitsubishi Power Aero Provides Mobile, On-Demand, Aero-Derivative Power Units to Life Cycle Power To Strengthen Texas Electric Grid

Retrieved on: 
Monday, April 11, 2022
Energy, Other Energy, Utilities, Oil, Gas, Risk, ERCOT, LinkedIn, Natural gas, LCP, Mining, O&G, Plant, CEO, Carbon, Combined cycle power plant, Electricity, EPC, Solution, Weather, Renewable energy

Mitsubishi Power Aero LLC, a leading global provider of fast-track, on-demand power solutions, has signed an agreement with Life Cycle Power (Houston, Texas) to supply five FT8 MOBILEPAC gas turbine units, adding 155 megawatts of capability to LCPs fleet.

Key Points: 
  • Mitsubishi Power Aero LLC, a leading global provider of fast-track, on-demand power solutions, has signed an agreement with Life Cycle Power (Houston, Texas) to supply five FT8 MOBILEPAC gas turbine units, adding 155 megawatts of capability to LCPs fleet.
  • Mitsubishi Power Aeros multi-fuel, 31-megawatt mobile generators fulfill urgent requirements, including disaster relief and emergency power.
  • Life Cycle Power required prompt delivery and quick installation, and more importantly, dependable, flexible generating equipment that is designed to provide power fast.
  • Mitsubishi Power Aero is a group company of Mitsubishi Power Americas, Inc. Connect with us at aero.power.mhi.com and LinkedIn .

Hope for Haiti Kicks Off Fourth Annual Hike for Haiti Challenge Campaign to Provide Access to Education and Public Health

Retrieved on: 
Friday, April 1, 2022
Organization, Rehabilitation, Poverty, Citi Private Bank, Ambassador, Bank of America, Public health, Parent, Social innovation, O&G, BLT, School, Hike, Community, Charity Navigator, Quality of life, Bank, Travel, COVID-19, GLOBE, Grandparent, Platinum, SAN, Food, Coffee, Hope

SAN FRANCISCO, April 01, 2022 (GLOBE NEWSWIRE) -- Hope for Haiti announced today the kick-off of their fourth annual Hike for Haiti Challenge , a campaign which brings together the global community to hike or walk over the month of April in solidarity with children in Haiti who travel long distances to access education and public health.

Key Points: 
  • SAN FRANCISCO, April 01, 2022 (GLOBE NEWSWIRE) -- Hope for Haiti announced today the kick-off of their fourth annual Hike for Haiti Challenge , a campaign which brings together the global community to hike or walk over the month of April in solidarity with children in Haiti who travel long distances to access education and public health.
  • This year's campaign will also support the organization's $12M plan for school rebuilding and rehabilitation following the devastating 7.2 magnitude earthquake that struck southern Haiti last August.
  • In February, Hope for Haiti completed construction on one of the first schools to be built in southern Haiti post-earthquake .
  • The 2022 Hike for Haiti Challenge is supported by a number of high-profile ambassadors and brands.

Radix to Present Port of Açu Digital Growth Masterplan Case Study at Port of the Future 2022

Retrieved on: 
Thursday, March 31, 2022
Paulo, Engineering, Port of Antwerp, Partnership, HQ, Master, PDA, PMIS, Transport, Health care, Global Anglican Future Conference, Growth, University of Houston College of Technology, Foodservice, O&G, Industrial, Operation, Radix, HPC, Environment, Conference, CEO, Carbon, Food, Navy, Houston Community College, Metal, Software, Industry, Safety, Center, Supply, Paul Reynolds (commentator), Ecosystem, Antwerp Port Epic, GLOBE, Antwerp International Airport, Efficiency, Education, VTS, CORE, University, University of Houston, Video game console, Warehouse, Chemical substance, Technology

HOUSTON, March 31, 2022 (GLOBE NEWSWIRE) -- Radix Engineering will present a case study about a Digital Growth Masterplan it developed for the Port of Au (PdA) at the 3rd Annual Port of the Future Conference , April 5-7, 2022 in Houston, TX.

Key Points: 
  • HOUSTON, March 31, 2022 (GLOBE NEWSWIRE) -- Radix Engineering will present a case study about a Digital Growth Masterplan it developed for the Port of Au (PdA) at the 3rd Annual Port of the Future Conference , April 5-7, 2022 in Houston, TX.
  • Au is at the forefront of cutting-edge navigation, being the first port in Brazil to establish a Navy-approved VTS (Vessel Traffic Service Center).
  • To support the ports exponential growth with efficiency, transparency, predictability, safety and environmental protection, Port of Au will accelerate its digital and innovation journey, becoming a Smart Port.
  • The Digital Masterplan will include the proposal to digitize the different stages of the logistical process and attract new business to the productive port.

VFuels and EMCO Engineering Sign MOU to Develop Water Treatment Facilities Across Africa

Retrieved on: 
Wednesday, March 30, 2022
GLOBE, EMCO, Water resources, Solution, O&G, LLC, Engineering, Efficiency, MOU, Water, Automation, IOT, Renewable energy

HOUSTON, March 30, 2022 (GLOBE NEWSWIRE) -- VFuels, LLC and EMCO Engineering Inc. announced today that they have entered into a Memorandum of Understanding (MOU) to build upon each other's strengths and capabilities to develop water treatment facilities and deploy controls and digital solutions across various sectors in Africa.

Key Points: 
  • HOUSTON, March 30, 2022 (GLOBE NEWSWIRE) -- VFuels, LLC and EMCO Engineering Inc. announced today that they have entered into a Memorandum of Understanding (MOU) to build upon each other's strengths and capabilities to develop water treatment facilities and deploy controls and digital solutions across various sectors in Africa.
  • This MOU will initially focus on developing and/or improving water treatment systems in oil and gas infrastructure that will result in significant environmental benefits as well as improve the sustainable use of water resources.
  • This MOU will equally focus on bringing digitalization into O&G and water treatment systems, leading to increased efficiency and productivity.
  • We are certain that the talents shared between our respective companies will redefine the way O&G water treatment projects are developed."

Price Volatility and ESG Goals Boost Petroleum Market Activity, Pushing Stocks Upward

Retrieved on: 
Friday, April 1, 2022
Chevron, TSX Venture Exchange, CIVI, Kimmeridge, Natural gas, Climate change, NYSE, Overalls, Berkshire Hathaway, Atmosphere, CEO, Downstream, Technology, Acquisition, Occidental Petroleum, Attention, Solution, Seedling, Gulf Coast of the United States, Reuters, OTC, Partner (business rank), Offset, O&G, Carbon, Berkshire, Indian stock exchange, Interim, Board, CO2, Doctor of Philosophy, Taxodium ascendens, Chevron Corporation, CORT, Government, Hydrocarbon, Chief executive officer, Ecosystem, Renewable energy, Former, Holub, ESG, CVX, Plant, Dell, TSX, Interview, Movement, Rocky Mountains, Water, OTC Markets Group, Lithium, Environmental remediation, Life insurance, Management, Oil, Boilermaker, Civitas, Occidental, Petroteq Energy, BC

VANCOUVER, BC, April 1, 2022 /PRNewswire/ -- In 2021, shares of more eco-friendly companies known to appease ESG investors were outperformed by oil and gas stocks over the course of the year. Despite this apparent divergence, there's been a movement towards making O&G stocks more ESG friendly, such as the push to reincorporate Civitas Resources, Inc. (NYSE:CIVI) into ESG funds. Less phased by ESG peer pressure, billionaire investor Warren Buffett and his Berkshire Hathaway Inc. (NYSE:BRK-A) (NYSE: BRK-B) stacked up an investment worth ~$7.7 billion into Occidental Petroleum Corporation (NYSE:OXY) in March 2022, with speculation he could pay the remaining $50 billion to acquire the whole thing. Buffett's latest investment put Occidental in with Chevron Corporation (NYSE:CVX) as the only two O&G stocks in Berkshire's top 10 largest common stock holdings. Meanwhile, other ESG-friendly O&G deals are taking place, including the takeover of Petroteq Energy, Inc. (OTCPK: PQEFF) by Viston United Swiss AG.

Key Points: 
  • Buffett's latest investment put Occidental in with Chevron Corporation (NYSE:CVX) as the only two O&G stocks in Berkshire's top 10 largest common stock holdings.
  • Petroteq's development of proprietary oil extraction and remediation technologies made it stand out as part of an overall ESG strategy for Viston United Swiss AG.
  • The offer itself is valued at a considerable premium over the market price, with a 100% all-cash consideration of C$0.74 per common share.
  • At that price point, the C$0.74 still represents a potential 56% premium over the more current trading price.

Price Volatility and ESG Goals Boost Petroleum Market Activity, Pushing Stocks Upward

Retrieved on: 
Friday, April 1, 2022
Chevron, TSX Venture Exchange, CIVI, Kimmeridge, Natural gas, Climate change, NYSE, Overalls, Berkshire Hathaway, Atmosphere, CEO, Downstream, Technology, Acquisition, Occidental Petroleum, Attention, Solution, Seedling, Gulf Coast of the United States, Reuters, OTC, Partner (business rank), Offset, O&G, Carbon, Berkshire, Indian stock exchange, Interim, Board, CO2, Doctor of Philosophy, Taxodium ascendens, Chevron Corporation, CORT, Government, Hydrocarbon, Chief executive officer, Ecosystem, Renewable energy, Former, Holub, ESG, CVX, Plant, Dell, TSX, Interview, Movement, Rocky Mountains, Water, OTC Markets Group, Lithium, Environmental remediation, Life insurance, Management, Oil, Boilermaker, Civitas, Occidental, Petroteq Energy, BC

VANCOUVER, BC, April 1, 2022 /PRNewswire/ -- In 2021, shares of more eco-friendly companies known to appease ESG investors were outperformed by oil and gas stocks over the course of the year. Despite this apparent divergence, there's been a movement towards making O&G stocks more ESG friendly, such as the push to reincorporate Civitas Resources, Inc. (NYSE:CIVI) into ESG funds. Less phased by ESG peer pressure, billionaire investor Warren Buffett and his Berkshire Hathaway Inc. (NYSE:BRK-A) (NYSE: BRK-B) stacked up an investment worth ~$7.7 billion into Occidental Petroleum Corporation (NYSE:OXY) in March 2022, with speculation he could pay the remaining $50 billion to acquire the whole thing. Buffett's latest investment put Occidental in with Chevron Corporation (NYSE:CVX) as the only two O&G stocks in Berkshire's top 10 largest common stock holdings. Meanwhile, other ESG-friendly O&G deals are taking place, including the takeover of Petroteq Energy, Inc. (OTCPK: PQEFF) by Viston United Swiss AG.

Key Points: 
  • Buffett's latest investment put Occidental in with Chevron Corporation (NYSE:CVX) as the only two O&G stocks in Berkshire's top 10 largest common stock holdings.
  • Petroteq's development of proprietary oil extraction and remediation technologies made it stand out as part of an overall ESG strategy for Viston United Swiss AG.
  • The offer itself is valued at a considerable premium over the market price, with a 100% all-cash consideration of C$0.74 per common share.
  • At that price point, the C$0.74 still represents a potential 56% premium over the more current trading price.