California Resources Corporation

California Resources Corporation Achieves MiQ “Grade A” Certification for its Los Angeles Basin Assets

Retrieved on: 
Thursday, April 11, 2024
Utilities, Oil, Gas, Environment, Alternative Energy, Environmental, Social and Governance (ESG), Energy, Professional Services, Green Technology, Climate change, Methane, ICG, City, Certification, Rocky Mountains, MIQ, CRC, THUMS, Carbon, Wilmington Oil Field, ESG, Bolsa Chica Ecological Reserve, Tidelands, California Resources Corporation, Methane emissions, Coal

California Resources Corporation (NYSE: CRC) received a “Grade A” certification through MiQ’s Methane Emissions Performance Standard for its operating assets in Los Angeles and Orange Counties.

Key Points: 
  • California Resources Corporation (NYSE: CRC) received a “Grade A” certification through MiQ’s Methane Emissions Performance Standard for its operating assets in Los Angeles and Orange Counties.
  • This is the first “Grade A” independently certified gas (ICG) designation that MiQ has presented to oil and natural gas operating assets in California and the Rocky Mountain region.
  • “We are very pleased with our ‘Grade A’ ICG certification from MiQ which is further evidence of CRC’s strong environmental, social and governance efforts while supporting energy transition in California.
  • MiQ certification is conducted by accredited, third-party auditors, and assessed against the MiQ Standard to assign an A to F grade for methane emissions performance.

Vast Renewables Limited Announces Operational and Financial Results for First Half of Fiscal 2024

Retrieved on: 
Thursday, March 28, 2024
Hydrogen, Smith International, FEED, Bank of Montreal, Electricity, Financial management, General Electric, Solar, VS1, SM1, Électricité de France, CFO, Partnership, CSIRO, Oil Search, ARENA, California Resources Corporation, Aviation, Carbon, Eye, Investment, Convertible, Research and development, Occidental Petroleum, BMO Capital Markets, CSP, Business, Calendar, Government, Engineering, Renewable energy

SYDNEY, Australia, March 28, 2024 (GLOBE NEWSWIRE) -- Vast Renewables Limited (“Vast” or the “Company”) (Nasdaq: VSTE), a renewable energy company specializing in concentrated solar thermal power (“CSP”) energy systems that generate zero-carbon, utility-scale electricity and industrial process heat today announced operational and financial results for the first half of the Company’s fiscal 2024, comprising the six months ended December 31, 2023.

Key Points: 
  • During the first half of fiscal year 2024, Vast announced several funding commitments from strategic partners.
  • “The support Vast has received from our strategic partners has been very meaningful to the progress of our company, both from a financial as well as operational standpoint,” said Craig Wood, CEO of Vast.
  • During the first half of fiscal year 2024, Vast continued to make progress on its first utility-scale project for power generation, known as VS1, located in Port Augusta in South Australia.
  • As of December 31, 2023, Vast had total diluted common shares outstanding of 29,291,884.

California Resources Corporation Schedules First Quarter 2024 Earnings Conference Call

Retrieved on: 
Monday, April 8, 2024
Oil, Gas, Alternative Energy, Energy, Other Energy, Utilities, International, Webcast, PIN, California Resources Corporation, CRC

California Resources Corporation (NYSE: CRC) plans to release its first quarter 2024 financial results on Tuesday, May 7th after market close.

Key Points: 
  • California Resources Corporation (NYSE: CRC) plans to release its first quarter 2024 financial results on Tuesday, May 7th after market close.
  • The Company will hold a conference call to discuss these financial results on Wednesday, May 8th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time).
  • We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10187009/fbc013eb9d .
  • To participate in CRC’s conference call, either dial (877) 328-5505 (International callers please dial +1-412-317-5421) or access the webcast at www.crc.com .

California Resources Corporation Announces the Nomination of Christian S. Kendall to Its Board of Directors

Retrieved on: 
Tuesday, March 19, 2024
Oil, Gas, Alternative Energy, Energy, Other Energy, Utilities, American Heart Association, Natural gas, Growth, Shareholder, Triple accreditation, Harvard Business School, California Resources Corporation, Mobil, Advanced Management Program, Engineering, Noble Energy, Senior, Carbon, National Petroleum Council, CRC, CTV, Management

California Resources Corporation (NYSE: CRC) announced today that the Board of Directors has nominated Christian S. (Chris) Kendall to stand for election as a director at CRC’s 2024 Annual Meeting of Stockholders.

Key Points: 
  • California Resources Corporation (NYSE: CRC) announced today that the Board of Directors has nominated Christian S. (Chris) Kendall to stand for election as a director at CRC’s 2024 Annual Meeting of Stockholders.
  • “Mr.
  • Kendall has a strong and proven record of accomplishments in the new and always evolving energy sector,” added Tiffany (TJ) Thom Cepak, CRC’s Chair of the Board of Directors.
  • Prior to that, Mr. Kendall served in several other executive and management roles of increasing responsibility with Noble beginning in 2001.

Carbon TerraVault Provides 2023 Update

Retrieved on: 
Tuesday, February 27, 2024
Other Energy, Utilities, Environment, Oil, Gas, Alternative Energy, Energy, Climate Change, Carbon, Engineering, DAC, MMT, Inglewood Oil Field, Carbon dioxide, Research, Class, FEED, Natural gas, CRC, Government, Golden State, CCS, CDMA, Climate change, Mergers and acquisitions, CTV, California Resources Corporation, CO2, EPA, Primary energy, Economics, EIR, Aera Energy, DOE, Comment, South Belridge Oil Field, Renewable energy

Carbon TerraVault (CTV) today provided an update on its 2023 operations.

Key Points: 
  • Carbon TerraVault (CTV) today provided an update on its 2023 operations.
  • California Resources Corporation (NYSE: CRC) conducts its carbon management business through Carbon TerraVault which pursues carbon capture and sequestration projects that are directly sited or within close proximity to significant sources of carbon dioxide (CO2) emissions in California.
  • “During 2023, our team meaningfully advanced the expansion of our carbon management business by announcing new Carbon Dioxide Management Agreements (CDMAs)1, submitting new permits to the EPA and attracting new greenfield project capital to California,” said Francisco Leon, CRC’s President and Chief Executive Officer.
  • The CDMA provides a path for the parties to reach final definitive documents and final investment decision.

SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates DOOR, CRC, GLT, ZFOX

Retrieved on: 
Saturday, February 10, 2024
Owens Corning, Masonite, ZeroFox, Fraud, Masonite International, Sale, Advertising, Glatfelter, Specialty, California Resources Corporation, Aera Energy, Hygiene, Security (finance)

If you are a Masonite shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a Masonite shareholder, click here to learn more about your rights and options .
  • If you are a California Resources shareholder, click here to learn more about your rights and options .
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

CRC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of California Resources Corporation Is Fair to Shareholders

Retrieved on: 
Wednesday, February 7, 2024
Class Action Lawsuit, Professional Services, Legal, Fraud, California Resources Corporation, CRC, Advertising, Aera Energy

Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of California Resources Corporation (NYSE: CRC) and Aera Energy, LLC is fair to California Resources shareholders.

Key Points: 
  • Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of California Resources Corporation (NYSE: CRC) and Aera Energy, LLC is fair to California Resources shareholders.
  • Upon completion of the proposed transaction, California Resources shareholders will own approximately 77.1% of the combined company.
  • The investigation concerns whether California Resources and its board violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for California Resources shareholders; and (2) disclose all material information necessary for California Resources shareholders to adequately assess and value the merger consideration.
  • On behalf of California Resources shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

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.

California Resources Corporation Expecting Strong Fourth Quarter 2023 Results; Schedules Fourth Quarter and Full Year 2023 Earnings Conference Call

Retrieved on: 
Thursday, January 4, 2024
Oil, Gas, Energy, Natural gas, Investment, Webcast, Carbon, International, California Resources Corporation, CRC, GAAP, CCS, PIN, Pharmaceutical industry

California Resources Corporation (NYSE: CRC) updated select guidance ranges for the fourth quarter of 2023 in conjunction with its participation in various investor conferences later this month.

Key Points: 
  • California Resources Corporation (NYSE: CRC) updated select guidance ranges for the fourth quarter of 2023 in conjunction with its participation in various investor conferences later this month.
  • This free cash flow1 update exceeds the previously announced fourth quarter 2023 guidance range of ($5) to $30 million.
  • Reduced capital spend in the fourth quarter of 2023 was primarily related to timing of key projects and continued efficiency gains.
  • CRC plans to release its fourth quarter and full year 2023 financial results on Tuesday, February 27th after market close.

U.S. EPA Releases Draft Class VI Permits to CRC’s Carbon TerraVault for CO2 Injection and Storage in California

Retrieved on: 
Wednesday, December 20, 2023
Environment, Climate Change, Environmental Issues, Other Energy, Environmental Health, Utilities, Oil, Gas, Alternative Energy, Green Technology, Energy, Carbon, CRC, Inglewood Oil Field, CCS, California Resources Corporation, EPA, CO2, CTV, Comment, Renewable energy

California Resources Corporation (NYSE:CRC) and its carbon management business, Carbon TerraVault (CTV), today announced that the U.S. Environmental Protection Agency (EPA) released draft Class VI well permits for underground carbon dioxide (CO2) injection and storage in CTV’s 26-R reservoir located within the CTV I carbon capture and storage (CCS) vault at the Elk Hills Field in Kern County, California.

Key Points: 
  • California Resources Corporation (NYSE:CRC) and its carbon management business, Carbon TerraVault (CTV), today announced that the U.S. Environmental Protection Agency (EPA) released draft Class VI well permits for underground carbon dioxide (CO2) injection and storage in CTV’s 26-R reservoir located within the CTV I carbon capture and storage (CCS) vault at the Elk Hills Field in Kern County, California.
  • The reservoir is part of CTV I which has a total estimated storage of up to 46 million MT.
  • These projects are expected to generate new jobs in new clean energy industries that will rely on the CTV I storage reservoirs.
  • The draft EPA permits are available for public review and comment for the next 90 days.