NYSE:OXY

1PointFive and AT&T Announce Direct Air Capture Carbon Removal Agreement

Retrieved on: 
Wednesday, March 13, 2024
Direct air capture, Climate change, Organization, CDR, CCI, Carbon, CO2, DAC, AT&T, CCUS, AVP, Renewable energy

HOUSTON, March 13, 2024 (GLOBE NEWSWIRE) -- 1PointFive , a carbon capture, utilization and sequestration (CCUS) company, today announced that AT&T has agreed to purchase carbon dioxide removal (CDR) credits from STRATOS, 1PointFive’s first large-scale Direct Air Capture (DAC) facility that is currently under construction in Texas.

Key Points: 
  • HOUSTON, March 13, 2024 (GLOBE NEWSWIRE) -- 1PointFive , a carbon capture, utilization and sequestration (CCUS) company, today announced that AT&T has agreed to purchase carbon dioxide removal (CDR) credits from STRATOS, 1PointFive’s first large-scale Direct Air Capture (DAC) facility that is currently under construction in Texas.
  • The purchase, announced today, is a part of AT&T’s commitment to reduce carbon emissions and become carbon neutral in its global operations by 2035.
  • Under the agreement with AT&T, the captured CO2 underlying the removal credits will be stored through durable saline sequestration.
  • “AT&T’s carbon removal credit purchase is another proof point of the vital role that Direct Air Capture can play in providing a high-integrity and durable solution to help organizations address their emissions,” said Michael Avery, President and General Manager of 1PointFive.

1PointFive and Trafigura Announce Direct Air Capture Carbon Removal Credit Agreement

Retrieved on: 
Tuesday, January 16, 2024
Carbon footprint, CO2, Direct air capture, CDR, CCUS, DAC, Organization, Climate, Renewable energy

DAVOS, Switzerland, and HOUSTON, Jan. 16, 2024 (GLOBE NEWSWIRE) -- 1PointFive, a carbon capture, utilization and sequestration (CCUS) company, and Trafigura, a market leader in the global commodities industry, today announced that Trafigura has agreed to purchase carbon dioxide removal (CDR) credits to be produced from 1PointFive’s first industrial-scale Direct Air Capture (DAC) facility, STRATOS, which is currently under construction in Texas.

Key Points: 
  • The advance purchase of DAC credits from 1PointFive aligns with Trafigura’s commitment to support early-stage technologies to enable high-quality carbon removal credits for its customers.
  • It also marks the establishment of a relationship between 1PointFive and Trafigura to advance DAC as a practical, transparent and durable carbon removal solution.
  • The agreement paves the way for the broader adoption of 1PointFive’s CDR credits to help hard-to-abate industries address their emissions.
  • “Our work with Trafigura is rooted in a shared commitment to the climate and an understanding of the critical role that durable carbon removal, specifically Direct Air Capture, plays in helping organizations address their carbon footprint,” said Michael Avery, President and General Manager of 1PointFive.

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

Retrieved on: 
Tuesday, October 3, 2023
Carbon, Partnership, Carbon Engineering, All Nippon Airways, Carbon dioxide, ADNOC, DAC, Stratos, NYSE, Amazon, CDR, Investment, MOU, International Growth Centre, Oxy, CCS, PACE, CO2, United Arab Emirates, Renewable energy, Seaweed, Occidental

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.

NET Power and Rice Acquisition Corp. II Announce Upsized PIPE Commitments from Occidental and Rice Family

Retrieved on: 
Monday, April 24, 2023
Environment, Utilities, Oil, Gas, Alternative Energy, Green Technology, Energy, Exercise, SN1, Direct Air, NET Power Demonstration Facility, PIPE, NET, Carbon, FEED, NYSE, Rice, Transport, CO2, Renewable energy, Occidental

NET Power, LLC (“NET Power”) and Rice Acquisition Corp. II (NYSE: RONI) (“RONI”) today announced an additional $275 million of PIPE commitments in connection with their proposed business combination.

Key Points: 
  • NET Power, LLC (“NET Power”) and Rice Acquisition Corp. II (NYSE: RONI) (“RONI”) today announced an additional $275 million of PIPE commitments in connection with their proposed business combination.
  • In support of the plant, NET Power expects Occidental will be a key offtaker of the clean power generated by SN1.
  • Incoming NET Power CEO Danny Rice said, “We’re confident that NET Power’s patented power plant technology is the only technology that can deliver all-in-one clean, reliable and low-cost power, and the more time we spend with the NET Power team and the technology, the more excited we get.
  • The net proceeds above $200 million are expected to support SN1 capital needs and future commercial origination efforts.

Thinking about trading options or stock in Crowdstrike, Occidental Petroleum, Apple, Advanced Micro Devices, or General Electric?

Retrieved on: 
Wednesday, March 8, 2023
AMD, CRWD, Wall Street, GE, Report, AAPL, OXY, Retail

NEW YORK, March 8, 2023 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CRWD, OXY, AAPL, AMD, and GE.

Key Points: 
  • NEW YORK, March 8, 2023 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CRWD, OXY, AAPL, AMD, and GE.
  • Click a link below then choose between in-depth options trade idea report or a stock score report.
  • Options Report – Ideal trade ideas on up to seven different options trading strategies.
  • The report shows all vital aspects of each option trade idea for each stock.

Smead Capital Management Hosts Second Annual Investor Oasis

Retrieved on: 
Thursday, December 8, 2022
Consulting, Banking, Professional Services, Finance, Capital, Timeline of World War II, Oaktree Capital Management, The Forgotten Man: A New History of the Great Depression, CFA, Great Society, Face, Atmosphere, Oxy, Management, Security (finance), Occidental

Smead Capital Management announces their second annual Smead Investor Oasis on February 6th, 2023, in Scottsdale, AZ at the Hilton Scottsdale Resort.

Key Points: 
  • Smead Capital Management announces their second annual Smead Investor Oasis on February 6th, 2023, in Scottsdale, AZ at the Hilton Scottsdale Resort.
  • The event promises engaging presentations not only from Smead Capital, but luminaries in business and academics.
  • Attendance is open to investors of Smead Capital Management.
  • At Smead Capital Management, we are stock market investors.

Natural Resource Partners L.P. and Oxy Low Carbon Ventures Enter into CO2 Sequestration Agreement

Retrieved on: 
Thursday, October 27, 2022
Coal, Energy, Natural Resources, Mining, Minerals, Carbon, Coal, AIR, Mining, Security (finance), U.S. Securities and Exchange Commission, Environment, NRP, DAC, Low Carbon Innovation Centre, Natural Resources, Utilization, Oxy, Partnership, Multimedia, Natural resource, CO2, COVID-19, LLC, Gulf, NYSE, Carbon Engineering, Direct air capture, Perception, Oil, Agriculture, Occidental

Natural Resource Partners L.P. (NYSE: NRP) (NRP) and Occidentals (NYSE: OXY) Low Carbon Ventures (OLCV) subsidiary, today announced the execution of an agreement for the evaluation and potential development of a permanent carbon dioxide (CO2) sequestration hub located in southeast Texas.

Key Points: 
  • Natural Resource Partners L.P. (NYSE: NRP) (NRP) and Occidentals (NYSE: OXY) Low Carbon Ventures (OLCV) subsidiary, today announced the execution of an agreement for the evaluation and potential development of a permanent carbon dioxide (CO2) sequestration hub located in southeast Texas.
  • We continue to evaluate carbon sequestration opportunities on the approximately 3.3 million acres of additional carbon sequestration rights we own across the Gulf Coast.
  • We look forward to working with Natural Resource Partners L.P. as we advance our sequestration hubs that will provide industrial emitters with an economic and practical solution to capture and securely store CO2, said Dr. Doug Conquest, Vice President, Oxy Low Carbon Ventures.
  • Oxy Low Carbon Ventures, LLC (OLCV) is a subsidiary of Occidental (Oxy), an international energy company with assets primarily in the United States, the Middle East and North Africa.

Western Midstream and Occidental Sign Letter of Intent to Explore Carbon Capture, Transportation, Sequestration, and Utilization Opportunities

Retrieved on: 
Monday, October 3, 2022
Other Energy, Environment, Other Construction & Property, Oil, Gas, Sustainability, Energy, Construction & Property, Carbon, CO2, Carbon dioxide, Water, News, WES, Transport, Occidental Petroleum, Letter, Form 10-K, DCP Midstream Partners, Form, Atlas, COVID-19, Goal, Rocky Mountains, Partner, Partnership, U.S. Securities and Exchange Commission, NYSE, Security (finance), Organization, Oxy, Public expenditure, LOI, Contract, Natural gas, Petroleum, Renewable energy, Operation, LP

WES would explore providing CO2 transportation services from the WES and Oxy carbon capture facilities to Oxys CO2 offtake delivery locations.

Key Points: 
  • WES would explore providing CO2 transportation services from the WES and Oxy carbon capture facilities to Oxys CO2 offtake delivery locations.
  • Additionally, Oxy and WES intend to consider opportunities to provide these carbon management services to other point source emitters who are also interested in reducing their carbon emissions.
  • Western Midstream Partners, LP (WES) is a Delaware master limited partnership formed to acquire, own, develop, and operate midstream assets.
  • For more information about Western Midstream Partners, LP and Western Midstream Flash Feed updates, please visit www.westernmidstream.com .

Thinking about trading options or stock in Apple, Eli Lilly, General Mills, Activision Blizzard, or Occidental Petroleum?

Retrieved on: 
Friday, September 23, 2022
LLY, Wall Street, ATVI, OXY, AAPL, GIS, Retail

NEW YORK, Sept. 23, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AAPL, LLY, GIS, ATVI, and OXY.

Key Points: 
  • NEW YORK, Sept. 23, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AAPL, LLY, GIS, ATVI, and OXY.
  • Click a link below then choose between in-depth options trade idea report or a stock score report.
  • Options Report Ideal trade ideas on up to seven different options trading strategies.
  • The report shows all vital aspects of each option trade idea for each stock.

Thinking about trading options or stock in Zoom Video, Occidental Petroleum, MicroStrategy, Twitter, or JD.Com?

Retrieved on: 
Tuesday, August 23, 2022
TWTR, Wall Street, OXY, ZM, MSTR, JD, Retail

NEW YORK, Aug. 23, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ZM, OXY, MSTR, TWTR, and JD.

Key Points: 
  • NEW YORK, Aug. 23, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ZM, OXY, MSTR, TWTR, and JD.
  • Click a link below then choose between in-depth options trade idea report or a stock score report.
  • Options Report Ideal trade ideas on up to seven different options trading strategies.
  • The report shows all vital aspects of each option trade idea for each stock.