Ethane

Pembina Pipeline Corporation Reports Record Results for the Fourth Quarter 2023, Provides Business Update, and Declares Quarterly Common Share Dividend

Retrieved on: 
Thursday, February 22, 2024

Pembina reported record quarterly adjusted EBITDA of $1,033 million in the fourth quarter and record full year adjusted EBITDA of $3,824 million.

Key Points: 
  • Pembina reported record quarterly adjusted EBITDA of $1,033 million in the fourth quarter and record full year adjusted EBITDA of $3,824 million.
  • Results were impacted by higher incentive costs driven by Pembina's share price performance and increased shared service revenue.
  • On a per share (basic) basis, cash flow from operating activities was $1.60 per share for the fourth quarter and $4.79 per share for the full year.
  • ET) for interested investors, analysts, brokers and media representatives to discuss results for the fourth quarter of 2023.

General John W. Raymond Joins Board of Impulse Space; Company Recently Selected for Two SBIR Awards by SpaceWERX

Retrieved on: 
Wednesday, February 21, 2024

Impulse Space , a leader of in-space transportation services, has recently welcomed General John W. “Jay” Raymond to its board of directors, bringing decades of experience in government space operations to the Impulse team.

Key Points: 
  • Impulse Space , a leader of in-space transportation services, has recently welcomed General John W. “Jay” Raymond to its board of directors, bringing decades of experience in government space operations to the Impulse team.
  • As a board member, General Raymond will support and advise the Impulse team in its work with government partners and customers.
  • “I am honored to join the Impulse Space team,” said General Raymond.
  • With a vision to enable in-space transportation throughout the solar system, Impulse Space is poised to serve customers across industries.

H.E. Minister Al-Kaabi announces raising Qatar's LNG production capacity to 142 MTPA before the end of 2030

Retrieved on: 
Monday, February 26, 2024

Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, made the announcement during a press conference held today at QatarEnergy's Headquarters in Doha.

Key Points: 
  • Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, made the announcement during a press conference held today at QatarEnergy's Headquarters in Doha.
  • Minister Al-Kaabi announced that extensive appraisal drilling and testing have confirmed that productive layers of Qatar's giant North Field extend towards the west, which allows for developing a new LNG production project in Ras Laffan.
  • As such, the State of Qatar's total LNG production will reach about 142 MTPA when this new expansion is completed before the end of this decade.
  • With the completion of this project, the State of Qatar's total hydrocarbon production will exceed 7.25 million barrels of oil equivalent per day."

H.E. Minister Al-Kaabi announces raising Qatar's LNG production capacity to 142 MTPA before the end of 2030

Retrieved on: 
Monday, February 26, 2024

Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, made the announcement during a press conference held today at QatarEnergy's Headquarters in Doha.

Key Points: 
  • Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, made the announcement during a press conference held today at QatarEnergy's Headquarters in Doha.
  • Minister Al-Kaabi announced that extensive appraisal drilling and testing have confirmed that productive layers of Qatar's giant North Field extend towards the west, which allows for developing a new LNG production project in Ras Laffan.
  • As such, the State of Qatar's total LNG production will reach about 142 MTPA when this new expansion is completed before the end of this decade.
  • With the completion of this project, the State of Qatar's total hydrocarbon production will exceed 7.25 million barrels of oil equivalent per day."

Doble Engineering and Maschinenfabrik Reinhausen Collaborate to Enhance Online Condition Monitoring for Dissolved Gas Analysis

Retrieved on: 
Thursday, December 14, 2023

MARLBOROUGH, Mass., Dec. 14, 2023 /PRNewswire/ -- Doble Engineering, a leader in power grid diagnostic solutions, today announced its collaboration with Maschinenfabrik Reinhausen GmbH (MR), a leader in global energy technology. Through the collaboration, MR will act as a re-seller of Doble's Calisto® R9 Dissolved Gas Analysis (DGA) monitor, providing early fault detection and lifetime-accurate DGA diagnostics to more asset managers worldwide. The collaboration also enables customers to purchase MR's holistic transformer control, regulation and monitoring system ETOS® and the Calisto R9 as an integrated system.

Key Points: 
  • Through the collaboration, MR will act as a re-seller of Doble's Calisto® R9 Dissolved Gas Analysis (DGA) monitor, providing early fault detection and lifetime-accurate DGA diagnostics to more asset managers worldwide.
  • The collaboration also enables customers to purchase MR's holistic transformer control, regulation and monitoring system ETOS® and the Calisto R9 as an integrated system.
  • ETOS enables users to analyze, evaluate and record all relevant operating data of their power transformers based on the function Asset Intelligence.
  • For more information on the Calisto R9 online DGA monitor, please visit the website .

Natural Gas Liquids (NGLs) Market size to grow by USD 19.62 billion from 2023 to 2028; Growth Driven by Increasing renewable energy demand - Technavio

Retrieved on: 
Wednesday, December 6, 2023

NEW YORK, Dec. 6, 2023 /PRNewswire/ -- The natural gas liquids (NGLs) market is expected to grow by USD 19.62 billion from 2023 to 2028, according to Technavio.

Key Points: 
  • NEW YORK, Dec. 6, 2023 /PRNewswire/ -- The natural gas liquids (NGLs) market is expected to grow by USD 19.62 billion from 2023 to 2028, according to Technavio.
  • Increasing renewable energy demand is notably driving the natural gas liquids (NGLs) market.
  • The natural gas liquids (NGLs) market is fragmented, and companies are deploying organic and inorganic growth strategies to compete in the market.
  • The gasoline as a fuel market size is estimated to grow at a CAGR of 1.06% between 2022 and 2027.

Williams Reports Strong Third-Quarter Results

Retrieved on: 
Wednesday, November 1, 2023

In the third quarter, Williams sold its Bayou Ethane system for $348 million in cash, representing a last-twelve-month multiple over 14x Adjusted EBITDA.

Key Points: 
  • In the third quarter, Williams sold its Bayou Ethane system for $348 million in cash, representing a last-twelve-month multiple over 14x Adjusted EBITDA.
  • Williams has also agreed to purchase KKR’s 50 percent ownership interest in Rocky Mountain Midstream, resulting in 100 percent ownership of Rocky Mountain Midstream for Williams.
  • Williams' Third-Quarter 2023 Materials to be Posted Shortly; Q&A Webcast Scheduled for Tomorrow
    Williams' third-quarter 2023 earnings presentation will be posted at www.williams.com .
  • A webcast link to the conference call will be provided on Williams’ Investor Relations website.

ICE Announces Record Trading Activity and Open Interest in Natural Gas Liquids Markets

Retrieved on: 
Thursday, October 12, 2023

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, and home to the broadest range of benchmarks to support the liberalization of natural gas, today announced record trading activity across its natural gas liquids (NGLs) markets as customers manage exposure to the price of NGLs.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, and home to the broadest range of benchmarks to support the liberalization of natural gas, today announced record trading activity across its natural gas liquids (NGLs) markets as customers manage exposure to the price of NGLs.
  • Open interest (OI) across the complex is up 50% y/y, hitting a single day record of 334,553, equivalent to over 650 million barrels on September 29, 2023, with OI out to December 2026.
  • ICE’s NGL markets include futures based on Argus and OPIS price assessments for propane, butane, ethane and natural gasoline.
  • ICE is seeing record high participation in these markets, with new participants from the U.S. Gulf Coast, EMEA, and Singapore now trading these products.

VAST Selects Impulse Space for Haven-1 Space Station Propulsion

Retrieved on: 
Thursday, June 15, 2023

Vast , a pioneer in space habitation technologies, announced today that it selected Impulse Space , a leader in the development of in-space logistics services, to provide its Haven-1 Space Station propulsion system.

Key Points: 
  • Vast , a pioneer in space habitation technologies, announced today that it selected Impulse Space , a leader in the development of in-space logistics services, to provide its Haven-1 Space Station propulsion system.
  • Impulse Space and Vast will work closely to integrate the propulsion system as a key subsystem of Haven-1 , scheduled to launch on a SpaceX Falcon 9 rocket to low-Earth orbit in August 2025 and is expected to be the world’s first commercial space station.
  • View the full release here: https://www.businesswire.com/news/home/20230615589917/en/
    Illustration: Vast Haven-1 and SpaceX Dragon (Photo: Business Wire)
    “Impulse Space is excited to work with Vast on a project that will accelerate commercial activity in space,” said Tom Mueller, Founder and CEO of Impulse Space.
  • “We are thrilled that Tom and his team at Impulse Space agreed to provide their Saiph-based propulsion system for Haven-1.”
    After launch, Haven-1 will serve as an independent crewed space station with four crewed missions planned before connecting as a module to a larger Vast space station currently in development.

Global Ethylene Market Report 2023: Sector is Expected to Reach $194.7 Billion by 2030 at a CAGR of 6% - ResearchAndMarkets.com

Retrieved on: 
Tuesday, June 13, 2023

The global ethylene market is expected to grow at a significant rate due to the increasing demand from various end-use industries, such as packaging, automotive, construction, and textiles.

Key Points: 
  • The global ethylene market is expected to grow at a significant rate due to the increasing demand from various end-use industries, such as packaging, automotive, construction, and textiles.
  • Ethylene is a colorless, flammable gas that is widely used in the production of various chemicals, including polyethylene, ethylene oxide, and ethylene dichloride.
  • Based on Feedstock, the Global Ethylene Market is segmented as naphtha, ethane, propane, butane, and others.
  • Based on Application, the Global Ethylene Market is segmented as polyethylene, ethylene oxide, ethylene benzene, ethylene dichloride, ethylene glycol, vinyl acetate, alpha-olefins, and others.