Permian

Thiozen Awarded $1.18 Million from NSF for Breakthrough Clean Hydrogen Production Technology

Retrieved on: 
Thursday, February 29, 2024

PASADENA, Calif., Feb. 29, 2024 /PRNewswire/ -- Thiozen, the first company ever to produce clean hydrogen from "sour gas" waste streams, today announced that it has received $1.18 million in grants from the U.S. National Science Foundation (NSF) to help the company commercialize its breakthrough technology that replaces traditional hydrogen production methods. Having recently piloted its technology through the de-souring of associated gas in the Permian Basin, Thiozen will use the NSF grants to fund additional projects that advance the commercial readiness of the company's patented chemical process.

Key Points: 
  • PASADENA, Calif., Feb. 29, 2024 /PRNewswire/ -- Thiozen , the first company ever to produce clean hydrogen from "sour gas" waste streams, today announced that it has received $1.18 million in grants from the U.S. National Science Foundation (NSF) to help the company commercialize its breakthrough technology that replaces traditional hydrogen production methods.
  • "Thiozen offers the first-ever technology capable of producing hydrogen from sour gas waste streams, giving the energy industry the low-cost, low-emission hydrogen production method it needs," said Ryan Gillis, President of Thiozen.
  • Rising regulatory and societal pressure is currently limiting the construction of additional carbon-intensive hydrogen production infrastructure, creating further pressure on manufacturers.
  • "We believe Thiozen's patented chemical cycle will completely replace traditional hydrogen production methods with a new clean tech approach that utilizes 'sour gas' waste streams."

ECOPETROL S.A. reports United Kingdom court's decision and expected Dutch court's decision related to restructuring plans of McDermott's subsidiaries and Reficar's arbitral award

Retrieved on: 
Wednesday, February 28, 2024

BOGOTA, Colombia, Feb. 28, 2024 /PRNewswire/ -- Ecopetrol informs that on February 27, 2024 its subsidiary Refineria de Cartagena S.A.S.

Key Points: 
  • BOGOTA, Colombia, Feb. 28, 2024 /PRNewswire/ -- Ecopetrol informs that on February 27, 2024 its subsidiary Refineria de Cartagena S.A.S.
  • Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent  with more than 18,000 employees.
  • These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements.
  • You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Bechtel and Five Point Energy Announce Sustained Pilot Operations of Innovative Water Conservation Technology

Retrieved on: 
Wednesday, February 21, 2024

MIDLAND, Texas, Feb. 21, 2024 /PRNewswire/ -- Bechtel, a global leader in engineering, procurement, construction, and project management, today announced the sustained pilot operations of its proprietary Low Energy Ejector Desalination System (LEEDS) – a long-awaited economic solution that creates a valuable new supply of water for customers and communities, which in turn reduces stress on limited freshwater resources.

Key Points: 
  • LEEDS is an efficient, cost-effective, end-to-end solution that converts produced water from oil and gas fields into usable, end-marketable products.
  • By transforming a costly byproduct into a useful resource, LEEDS allows customers to handle produced water responsibly while also alleviating water scarcity.
  • LEEDS is Bechtel's resolute response, unlocking untapped water resources and transforming produced water into valuable products," said Paul Marsden, President of Bechtel Energy.
  • Bechtel expects that ongoing pilot operations will prove out further application opportunities and showcase LEEDS for customers who can benefit most from treating produced water.

Permianville Royalty Trust Announces Monthly Operational Update

Retrieved on: 
Friday, February 16, 2024

Recorded natural gas cash receipts from the Underlying Properties totaled $0.5 million for the current month on realized wellhead prices of $2.24/Mcf, down $0.1 million from the prior month.

Key Points: 
  • Recorded natural gas cash receipts from the Underlying Properties totaled $0.5 million for the current month on realized wellhead prices of $2.24/Mcf, down $0.1 million from the prior month.
  • Total accrued operating expenses for the period were $2.8 million, a $0.1 million decrease month-over-month.
  • The cumulative shortfall in net profits for the current month will be deducted from any net profits in next month’s net profits interest calculation.
  • The Trust will not receive proceeds pursuant to its net profits interest until the cumulative net profits shortfall is eliminated.

Modern palaeontology keeps unmasking fossil forgeries – and a new study has uncovered the latest fake

Retrieved on: 
Friday, February 16, 2024

This is a serious problem – counterfeited specimens can mislead palaeontologists into studying an ancient past that never existed.

Key Points: 
  • This is a serious problem – counterfeited specimens can mislead palaeontologists into studying an ancient past that never existed.
  • In a new study, my colleagues and I reveal a surprising truth about a fossil celebrated for decades as one of the best preserved fossils from the Alps.
  • The Tridentinosaurus antiquus was a small lizard-like reptile that lived during the Permian period (299-252 million years ago), where the Alps are today.
  • The fossil has been reported in books and articles but has never been studied in detail with modern techniques.


The circumstances behind this forgery are unknown, but we know that it took place before 1959 – the date of the official scientific description of the fossil. However, this discovery is a reminder of how important it is to report such specimens and combat fossil forgeries.

The history of fossil forgeries

  • The history of fossil forgery goes as far back as the dawn of palaeontology itself, with early reports dating back to the late 18th and 19th centuries.
  • This was mainly driven by the lucrative market of selling fossil specimens to private collectors and museums.
  • Scientists have discovered that natural history museums around the world have counterfeit specimens in their collections.
  • The fossil trade in Morocco alone is worth US$40 million (£32 million) a year and supplies fossil shows all over the world.
  • We might not be able to put an end to the making of fake fossils, but we are here and ready to unmask them and protect our marvellous fossil heritage.
  • Valentina Rossi is currently affiliated with the University College Cork.
  • 11/34; CUP H32F20000010003) awarded to Prof. Evelyn Kustatscher (Museum of Nature South Tyrol, Bolzano, Italy).

NOG Provides Fourth Quarter 2023 Operations Update and Preliminary 2024 Guidance

Retrieved on: 
Thursday, February 15, 2024

Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced a fourth quarter 2023 operations update, also highlighting elective Ground Game acquisitions, and preliminary 2024 guidance.

Key Points: 
  • Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced a fourth quarter 2023 operations update, also highlighting elective Ground Game acquisitions, and preliminary 2024 guidance.
  • Fourth quarter 2023 production estimated to be 114.4 Mboe per day, resulting in annual production toward the high end of NOG’s guidance range
    Production volumes in the fourth quarter of 2023 are estimated to have averaged 114.4 Mboe per day.
  • Consequently, NOG incurred approximately $50 million of capital in the fourth quarter that was previously planned for 2024.
  • NOG expects first quarter 2024 production volumes to be slightly lower than the fourth quarter of 2023.

Ecopetrol announces the dates for the publication of its fourth quarter 2023 and full year earnings report and conference call

Retrieved on: 
Thursday, February 15, 2024

Participants will be able to ask questions using the webcast platform once the transmission of the call starts.

Key Points: 
  • Participants will be able to ask questions using the webcast platform once the transmission of the call starts.
  • The earnings release, slide presentation, live webcast and recording of the conference call will be available on Ecopetrol's website: www.ecopetrol.com.co .
  • Please verify the functioning of the webcast platform in your browser in advance of the call.
  • We do not intend and do not assume any obligation to update these forward-looking statements.

Riley Permian Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

Retrieved on: 
Thursday, February 15, 2024

OKLAHOMA CITY, Feb. 15, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), plans to release financial and operating results for its fourth quarter and full year 2023 on March 6, 2024 after the U.S. financial markets close.

Key Points: 
  • OKLAHOMA CITY, Feb. 15, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), plans to release financial and operating results for its fourth quarter and full year 2023 on March 6, 2024 after the U.S. financial markets close.
  • In connection with the earnings release, Riley Permian management will host a conference call for investors and analysts on March 7, 2024 at 9:00 a.m. CT to discuss the Company's results and to host a Q&A session.
  • Interested parties are invited to participate by calling:
    An updated company presentation, which will include certain items to be discussed on the call, will be posted prior to the call on the Company's website ( www.rileypermian.com ).
  • A replay of the call will be available until March 21, 2024 by calling:

NuStar Energy L.P. Reports Solid Fourth Quarter and Full-Year 2023 Earnings Results

Retrieved on: 
Thursday, February 15, 2024

NuStar reported net income of $70 million for the fourth quarter of 2023, or $0.37 per unit, compared to net income of $92 million, or $0.18 per unit, for the fourth quarter of 2022.

Key Points: 
  • NuStar reported net income of $70 million for the fourth quarter of 2023, or $0.37 per unit, compared to net income of $92 million, or $0.18 per unit, for the fourth quarter of 2022.
  • Results for the fourth quarter of 2022 include a gain from insurance proceeds to rebuild tanks at its Selby terminal.
  • Distributable Cash Flow (DCF) was $87 million for the fourth quarter of 2023, compared to fourth quarter of 2022 adjusted DCF of $89 million.
  • The Permian Crude System’s fourth quarter of 2023 volumes averaged 528,000 BPD, down compared to the fourth quarter of 2022 but up slightly from the third quarter of 2023.

Milestone Appoints Josh King as Chief Financial Officer; Announces Retirement of Frank W. Schageman

Retrieved on: 
Wednesday, February 14, 2024

Mr. King joins Milestone’s executive leadership team and replaces Frank W. Schageman, who will retire from the Company after a transition period at the end of the first quarter of 2024.

Key Points: 
  • Mr. King joins Milestone’s executive leadership team and replaces Frank W. Schageman, who will retire from the Company after a transition period at the end of the first quarter of 2024.
  • View the full release here: https://www.businesswire.com/news/home/20240214483841/en/
    Josh King joins Milestone Environmental Services as Chief Financial Officer and as a member of the Executive Leadership Team, effective January 18, 2024.
  • (Photo: Business Wire)
    In his new role, Mr. King is responsible for the financial aspects of Milestone and its subsidiaries.
  • “I am thrilled to welcome Josh to Milestone,” said Milestone President and CEO Gabriel Rio .