About
Rommel Oates is a value ‘creationist’ who currently serves as Chairman and CEO for…
Services
Articles by Rommel
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Title: A 'Front-Line' Hydrogen Expert's Opinion: A Cautious Look at New Electrolytic Hydrogen
Title: A 'Front-Line' Hydrogen Expert's Opinion: A Cautious Look at New Electrolytic Hydrogen
𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 𝗦𝘂𝗽𝗽𝗹𝗶𝗲𝗿𝘀 The hydrogen economy has been a hot topic in recent years, with promises of…
Activity
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Fulton Jeang PLLC is wishing everyone peace and joy this holiday season! Photo credit to Huma Kabakci via Unsplash.
Fulton Jeang PLLC is wishing everyone peace and joy this holiday season! Photo credit to Huma Kabakci via Unsplash.
Liked by Rommel Oates
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From our Linde family to yours, wishing you a Merry Christmas and all of the joy, peace and love that this time of year brings. #MerryChristmas
From our Linde family to yours, wishing you a Merry Christmas and all of the joy, peace and love that this time of year brings. #MerryChristmas
Liked by Rommel Oates
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Happy to share that NovoHydrogen has signed its subrecipient agreement with the Pacific Northwest Hydrogen Association (PNWH2)! Thank you to all who…
Happy to share that NovoHydrogen has signed its subrecipient agreement with the Pacific Northwest Hydrogen Association (PNWH2)! Thank you to all who…
Liked by Rommel Oates
Experience
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Education
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Overseas study program in Guatemala City, Guatemala to obtain education in the areas of negotiations, cross cultural communications and doing business in Latin America. Also included, field studies to various Latin American businesses.
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Activities and Societies: Varsity Football, National Honor Society, IPLE, PRIME
Licenses & Certifications
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Six Sigma Black Belt
Praxair Inc.
Volunteer Experience
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Advisory Board Member
International Association for Hydrogen Energy
- Present 10 years 2 months
Science and Technology
www.iahe.org
The Association strives to advance the day when HYDROGEN ENERGY will become the principal means by which the world will achieve its long-sought goal of Abundant Clean Energy for Mankind. Toward this end, the Association stimulates the exchange of information in Hydrogen Energy field through its publications and sponsorship of international workshops, short courses and conferences. In addition, the Association endeavors to inform the general public of the important role of…www.iahe.org
The Association strives to advance the day when HYDROGEN ENERGY will become the principal means by which the world will achieve its long-sought goal of Abundant Clean Energy for Mankind. Toward this end, the Association stimulates the exchange of information in Hydrogen Energy field through its publications and sponsorship of international workshops, short courses and conferences. In addition, the Association endeavors to inform the general public of the important role of Hydrogen Energy in the planning of an inexhaustible and clean energy system. -
Advisory Board Member
Hysata
- Present 3 years
Science and Technology
Helping the world transition to a Hydrogen Economy using best in class electrolysis
www.hysata.com -
Independent Board Member
Sovereign Energy Services
- Present 2 years 11 months
Science and Technology
Commercializing disruptive torch reforming technology to enable waste feedstocks that can be turned into valuable chemicals
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Advisory Board Member
Verde CO2
- Present 2 years 2 months
Environment
Helping the world capture carbon and store it in an economical and environmentally friendly way!
https://www.verdeco2.com/
Publications
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Help is On the Way for Diesel Supply
Industrial Info Resources Inc. and Refinery Calculator Inc.
The supply-side squeeze for distillates has been a growing concern in the run-up to the busy holiday shopping and shipping season, but a resurgence of refinery activity suggests a major crisis will be averted.
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Hydrogen Benchmark
Gas World
See publicationWhat future for merchant hydrogen and what can the hydrogen economy learn from it? Here in this exclusive feature for gasworld, hydrogen pioneer Rommel Oates explains all.
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Gas World: Hydrogen Hope
Gas World
As Rommel Oates (Oates Energy Solutions) explains in an upcoming feature in our hydrogen edition, it is the road travelled in grey hydrogen that has paved the way for our low-carbon path forward; that expertise learned in the production, handling and storage of hydrogen. And he knows, because he spent years in the gases industry and played a major role in helping Linde (formerly Praxair, Inc.) commercialise the industry’s first high purity underground 2.5 BCF hydrogen storage facility and…
As Rommel Oates (Oates Energy Solutions) explains in an upcoming feature in our hydrogen edition, it is the road travelled in grey hydrogen that has paved the way for our low-carbon path forward; that expertise learned in the production, handling and storage of hydrogen. And he knows, because he spent years in the gases industry and played a major role in helping Linde (formerly Praxair, Inc.) commercialise the industry’s first high purity underground 2.5 BCF hydrogen storage facility and business. In fact, his novel ideas and inventions generated over 16 patents in the area of hydrogen storage technology.
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OPPORTUNITIES FOR AUSTRALIA FROM HYDROGEN EXPORTS
Australian Renewable Energy Agency
Countries around the world are under increasing pressure to decarbonise their economies. There is
growing interest in the production and use of hydrogen as a potential scalable and versatile
mechanism for achieving this aim. If the global demand for hydrogen increases as a consequence,
then it is likely that a global market in hydrogen will emerge to satisfy that demand.
The Australian Renewable Energy Agency (ARENA) engaged ACIL Allen Consulting (ACIL Allen) to
prepare a report…Countries around the world are under increasing pressure to decarbonise their economies. There is
growing interest in the production and use of hydrogen as a potential scalable and versatile
mechanism for achieving this aim. If the global demand for hydrogen increases as a consequence,
then it is likely that a global market in hydrogen will emerge to satisfy that demand.
The Australian Renewable Energy Agency (ARENA) engaged ACIL Allen Consulting (ACIL Allen) to
prepare a report to identify the opportunities for Australia to export hydrogen to help meet the potential
global demand for hydrogenOther authors -
Patents
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Methods for storing hydrogen in a salt cavern
Issued US 10315846
See patentA novel method for storing high purity hydrogen into a salt cavern is provided. Particularly, the storage process involves confining the high purity hydrogen at a certain pressure in a salt cavern without seepage or leakage of the stored hydrogen through the salt cavern walls. The pressure in the cavern is maintained during storage of the high purity hydrogen.
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System for operating a hydrogen storage salt cavern
Issued US US10173840B2
See patentA novel system for operating a hydrogen storage cavern is provided. Particularly, the system involves storing high purity hydrogen into a salt cavern without seepage or leakage of the stored hydrogen through the salt cavern walls, by confining the high purity hydrogen gas within the storage cavern under certain pressure conditions.
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Method of supplying hydrogen through an integrated supply system
Issued US US9950927B2
The present invention relates generally to a method for supplying high purity hydrogen through a hydrogen supply system comprising in fluid communication one or more storage caverns, multiple hydrogen production sources, and a pipeline distribution system capable of delivering hydrogen to a plurality of hydrogen demand points which coordinates the operation of the cavern, hydrogen plants, and pipeline distribution system to meet the real time dynamic demand profile.
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METHOD AND SYSTEM FOR STORING HYDROGEN IN A SALT CAVERN WITH A PERMEATION BARRIER
Issued CA CA2874745
See patentA method and system for storing high purity hydrogen into a salt cavern is provided. Particularly, the storage process involves storing high purity hydrogen into a salt cavern (3) without seepage or leakage of the stored hydrogen (4) through the salt cavern walls (203), by creating a permeation barrier (206) along the salt cavern walls (203). The cavern pressure is monitored and controlled to ensure formation and maintenance of the permeation barrier (206). Optional temperature treatments may…
A method and system for storing high purity hydrogen into a salt cavern is provided. Particularly, the storage process involves storing high purity hydrogen into a salt cavern (3) without seepage or leakage of the stored hydrogen (4) through the salt cavern walls (203), by creating a permeation barrier (206) along the salt cavern walls (203). The cavern pressure is monitored and controlled to ensure formation and maintenance of the permeation barrier (206). Optional temperature treatments may also be incorporated as desired.
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Hydrogen supply method and system
Issued US 9651199
See patentA method and system for supplying additional hydrogen from a reservoir of stored hydrogen in a salt cavern to a hydrogen pipeline to assist in meeting customer demand for hydrogen is provided. Contaminants introduced while the stored hydrogen stream is in the salt cavern may cause the crude hydrogen stream to not have the required product purity specification. The stored hydrogen is removed from the salt cavern as a crude hydrogen stream and thereafter diluted with higher purity hydrogen formed…
A method and system for supplying additional hydrogen from a reservoir of stored hydrogen in a salt cavern to a hydrogen pipeline to assist in meeting customer demand for hydrogen is provided. Contaminants introduced while the stored hydrogen stream is in the salt cavern may cause the crude hydrogen stream to not have the required product purity specification. The stored hydrogen is removed from the salt cavern as a crude hydrogen stream and thereafter diluted with higher purity hydrogen formed from the pipeline to form a hydrogen product stream at or below the product purity specification. The hydrogen product can be formed without removal of any of the contaminants in the crude stream, thereby creating a more cost effective and simplified supply process compared to conventional processes employing a salt cavern for hydrogen supply.
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Hydrogen supply method and system
Issued US US9574715
See patentA method and system for supplying additional hydrogen from a reservoir of stored hydrogen in a salt cavern to a hydrogen pipeline to assist in meeting customer demand for hydrogen is provided. Contaminants introduced while the stored hydrogen stream is in the salt cavern may cause the crude hydrogen stream to not have the required product purity specification. The stored hydrogen is removed from the salt cavern as a crude hydrogen stream and thereafter diluted with higher purity hydrogen formed…
A method and system for supplying additional hydrogen from a reservoir of stored hydrogen in a salt cavern to a hydrogen pipeline to assist in meeting customer demand for hydrogen is provided. Contaminants introduced while the stored hydrogen stream is in the salt cavern may cause the crude hydrogen stream to not have the required product purity specification. The stored hydrogen is removed from the salt cavern as a crude hydrogen stream and thereafter diluted with higher purity hydrogen formed from the pipeline to form a hydrogen product stream at or below the product purity specification. The hydrogen product can be formed without removal of any of the contaminants in the crude stream, thereby creating a more cost effective and simplified supply process compared to conventional processes employing a salt cavern for hydrogen supply.
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Method and system for storing hydrogen in a salt cavern with a permeation barrier
Issued EU EP2855306B1
See patentThe present invention relates to a novel method and system for storing hydroged product into a salt cavern according to the preamble of claims 1, 14 and to a method for forming and maintaining a permeation barrier according to the preamble of claim 10. Particularly, the storage process involves storing high purity hydrogen into a salt cavern without seepage or leakage of the stored hydrogen through the salt cavern by creating a permeation barrier.
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Methods for storing hydrogen in a salt cavern with a permeation barrier
Issued US US9284120
See patentNovel method for storing high purity hydrogen in an underground salt cavern
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Hydrogen Supply Method and System
Issued US 8,950,419
A method and system for supplying additional hydrogen from a reservoir of stored hydrogen in a salt cavern to a hydrogen pipeline to assist in meeting customer demand for hydrogen is provided. Contaminants introduced while the stored hydrogen stream is in the salt cavern may cause the crude hydrogen stream to not have the required product purity specification. The stored hydrogen is removed from the salt cavern as a crude hydrogen stream and thereafter diluted with higher purity hydrogen formed…
A method and system for supplying additional hydrogen from a reservoir of stored hydrogen in a salt cavern to a hydrogen pipeline to assist in meeting customer demand for hydrogen is provided. Contaminants introduced while the stored hydrogen stream is in the salt cavern may cause the crude hydrogen stream to not have the required product purity specification. The stored hydrogen is removed from the salt cavern as a crude hydrogen stream and thereafter diluted with higher purity hydrogen formed from the pipeline to form a hydrogen product stream at or below the product purity specification. The hydrogen product can be formed without removal of any of the contaminants in the crude stream, thereby creating a more cost effective and simplified supply process compared to conventional processes employing a salt cavern for hydrogen supply.
Other inventors -
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Method and system for storing hydrogen in a salt cavern with a permeation barrier
Issued US US8690476
See patentA novel method and system for storing high purity hydrogen into a salt cavern is provided. Particularly, the storage process involves storing high purity hydrogen into a salt cavern without seepage or leakage of the stored hydrogen through the salt cavern walls, by creating a permeation barrier along the salt cavern walls. The cavern pressure is monitored and controlled to ensure formation and maintenance of the permeation barrier. Optional temperature treatments may also be incorporated as…
A novel method and system for storing high purity hydrogen into a salt cavern is provided. Particularly, the storage process involves storing high purity hydrogen into a salt cavern without seepage or leakage of the stored hydrogen through the salt cavern walls, by creating a permeation barrier along the salt cavern walls. The cavern pressure is monitored and controlled to ensure formation and maintenance of the permeation barrier. Optional temperature treatments may also be incorporated as desired.
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Hydrogen Supply Method and System
Issued US US 20130213479 A1
A method and system for supplying additional hydrogen from a reservoir of stored hydrogen in a salt cavern to a hydrogen pipeline to assist in meeting customer demand for hydrogen is provided. Contaminants introduced while the stored hydrogen stream is in the salt cavern may cause the crude hydrogen stream to not have the required product purity specification. The stored hydrogen is removed from the salt cavern as a crude hydrogen stream and thereafter diluted with higher purity hydrogen formed…
A method and system for supplying additional hydrogen from a reservoir of stored hydrogen in a salt cavern to a hydrogen pipeline to assist in meeting customer demand for hydrogen is provided. Contaminants introduced while the stored hydrogen stream is in the salt cavern may cause the crude hydrogen stream to not have the required product purity specification. The stored hydrogen is removed from the salt cavern as a crude hydrogen stream and thereafter diluted with higher purity hydrogen formed from the pipeline to form a hydrogen product stream at or below the product purity specification. The hydrogen product can be formed without removal of any of the contaminants in the crude stream, thereby creating a more cost effective and simplified supply process compared to conventional processes employing a salt cavern for hydrogen supply.
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Method for Storing and Supplying Hydrogen to a Pipeline
Issued US 7078011
See patentA method of storing and supplying a gaseous hydrogen product to a pipeline under a product purity specification in which a hydrogen stream made up of gaseous hydrogen is compressed to form a compressed hydrogen stream and introduced into a salt cavern for storage. A crude hydrogen stream, contaminated from storage in the salt cavern is recovered and purified by sufficiently removing at least carbon dioxide and water vapor to produce a hydrogen product stream having an impurity level at or below…
A method of storing and supplying a gaseous hydrogen product to a pipeline under a product purity specification in which a hydrogen stream made up of gaseous hydrogen is compressed to form a compressed hydrogen stream and introduced into a salt cavern for storage. A crude hydrogen stream, contaminated from storage in the salt cavern is recovered and purified by sufficiently removing at least carbon dioxide and water vapor to produce a hydrogen product stream having an impurity level at or below the product purity specification. The hydrogen product stream is supplied back to the pipeline. Alternatively, during periods of low demand, hydrogen produced by a production facility is both purified and supplied to the pipeline and stored in the salt cavern. During high demand period, both the output of the production facility and hydrogen retrieved from the salt cavern are purified and supplied to the pipeline
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System and method for purging contaminants from a salt cavern
Filed CA CA 2906250 A1
See patentA novel system and method for removing contaminants in a salt cavern is provided. A purge fluid is used to purge one or more contaminants from the cavern on a continuous or intermittent basis before or during operation of the cavern. The cavern can be cycled one or more times with purging operations to create a cleaner cavern less susceptible to contaminating stored hydrogen during the operational lifetime of the cavern.
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System and method for purging contaminants from a salt cavern
Filed EU EP 3002233 A1
See patentA novel system and method for removing contaminants in a salt cavern is provided. A purge fluid is used to purge one or more contaminants from the cavern on a continuous or intermittent basis before or during operation of the cavern. The cavern can be cycled one or more times with purging operations to create a cleaner cavern less susceptible to contaminating stored hydrogen during the operational lifetime of the cavern.
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System and method for treating hydrogen to be stored in a salt cavern and supp
Filed EU EP 3018093 A2
See patentA novel system and method for storing hydrogen in a salt cavern and supplying therefrom is provided. Hydrogen product withdrawn from a hydrogen pipeline may be chilled prior to being introduced into a cavern in order to cool at least a portion of the walls of the salt cavern so that one or more layers of the localized portion of the walls attains a stabilized state whereby contaminant release from the walls is suppressed. The present invention anticipates and strategically plans for contaminant…
A novel system and method for storing hydrogen in a salt cavern and supplying therefrom is provided. Hydrogen product withdrawn from a hydrogen pipeline may be chilled prior to being introduced into a cavern in order to cool at least a portion of the walls of the salt cavern so that one or more layers of the localized portion of the walls attains a stabilized state whereby contaminant release from the walls is suppressed. The present invention anticipates and strategically plans for contaminant intrusion form a salt cavern in order to reduce the degree of contaminant intrusion from a salt cavern while also allowing the stored hydrogen to have more absorption capacity for water vapor by virtue of entering the salt cavern in a sufficiently drier state. Alternatively, or in addition thereto, a crude hydrogen stream may be withdrawn from the cavern and chilled prior to introducing to the hydrogen pipeline.
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System and method for purging contaminants from a salt cavern
Filed US US 20160089705 A1
See patentA novel system and method for removing contaminants in a salt cavern is provided. A purge fluid is used to purge one or more contaminants from the cavern on a continuous or intermittent basis before or during operation of the cavern. The cavern can be cycled one or more times with purging operations to create a cleaner cavern less susceptible to contaminating stored hydrogen during the operational lifetime of the cavern.
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System and method for treating hydrogen to be stored in a salt cavern and supplying therefrom
Filed US US 20160060038 A1
See patentA novel system and method for storing hydrogen in a salt cavern and supplying therefrom is provided. Hydrogen product withdrawn from a hydrogen pipeline may be chilled prior to being introduced into a cavern in order to cool at least a portion of the walls of the salt cavern so that one or more layers of the localized portion of the walls attains a stabilized state whereby contaminant release from the walls is suppressed. The present invention anticipates and strategically plans for contaminant…
A novel system and method for storing hydrogen in a salt cavern and supplying therefrom is provided. Hydrogen product withdrawn from a hydrogen pipeline may be chilled prior to being introduced into a cavern in order to cool at least a portion of the walls of the salt cavern so that one or more layers of the localized portion of the walls attains a stabilized state whereby contaminant release from the walls is suppressed. The present invention anticipates and strategically plans for contaminant intrusion form a salt cavern in order to reduce the degree of contaminant intrusion from a salt cavern while also allowing the stored hydrogen to have more absorption capacity for water vapor by virtue of entering the salt cavern in a sufficiently drier state. Alternatively, or in addition thereto, a crude hydrogen stream may be withdrawn from the cavern and chilled prior to introducing to the hydrogen pipeline.
Courses
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Boardroom Bound
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Honors & Awards
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North America President's Award for Productivity
President of North America
• 2012 Recipient of North America’s President Award for demonstrating commercial leadership excellence by generating > $30MM in operating profit through various productivity efforts
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Chairman's Award
Steve Angel CEO Praxair Inc.
Recipient of Chairman’s Global Productivity Award (1 of 9 out of 27,000 employees): generated over $4.5 MM in operating profit through six sigma, general productivity and lean manufacturing techniques : Executive member of PX’s Productivity Solutions Team
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Coca Cola National Scholar
Coca Cola
Drink Happiness
Languages
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English
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Organizations
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Calibr
General Member
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Recommendations received
11 people have recommended Rommel
Join now to viewMore activity by Rommel
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Trust is everything in industrial gas sales. Keep reading 👇 A powerful reminder - "People Buy from People they Know, Trust." In Industrial gas…
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With holidays approaching, our thoughts turn gratefully to those who have made our success possible. Thank you for your support and…
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Your headshot should work as hard as you do. 💼 Bright, approachable, and polished—this is the kind of photo that leaves a lasting impression…
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𝗜𝗻 2009, 𝗜 𝗰𝗮𝗺𝗲 𝘁𝗼 𝘁𝗵𝗲 𝗨𝗦𝗔 𝘄𝗶𝘁𝗵𝗼𝘂𝘁 𝘀𝗽𝗲𝗮𝗸𝗶𝗻𝗴 𝗘𝗻𝗴𝗹𝗶𝘀𝗵. In 2011, some people, including friends, made fun of…
𝗜𝗻 2009, 𝗜 𝗰𝗮𝗺𝗲 𝘁𝗼 𝘁𝗵𝗲 𝗨𝗦𝗔 𝘄𝗶𝘁𝗵𝗼𝘂𝘁 𝘀𝗽𝗲𝗮𝗸𝗶𝗻𝗴 𝗘𝗻𝗴𝗹𝗶𝘀𝗵. In 2011, some people, including friends, made fun of…
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Chief Product & Technology Officer Artem Fishman shared his 2025 prediction with Nieman Journalism Lab, predicting the media industry will become…
Chief Product & Technology Officer Artem Fishman shared his 2025 prediction with Nieman Journalism Lab, predicting the media industry will become…
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RWE has secured planning approval for a green hydrogen plant in Pembroke! The Pembroke Green Hydrogen plant aims to facilitate green hydrogen…
RWE has secured planning approval for a green hydrogen plant in Pembroke! The Pembroke Green Hydrogen plant aims to facilitate green hydrogen…
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https://lnkd.in/ejEgbjni
https://lnkd.in/ejEgbjni
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Happy 1 week of being a #CaneGrad! 🎉🎓 Meet Betty Srour, a New Jersey native, who recently earned her Bachelor’s in Public Relations and Political…
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ITM Power secures FEED contract for 50MW green hydrogen project: ITM Power has been selected as the technology provider and awarded a front-end…
ITM Power secures FEED contract for 50MW green hydrogen project: ITM Power has been selected as the technology provider and awarded a front-end…
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We have been selected as the technology provider and awarded a Front-End Engineering Design (FEED) contract for a planned 50MW green hydrogen…
We have been selected as the technology provider and awarded a Front-End Engineering Design (FEED) contract for a planned 50MW green hydrogen…
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🌟 It has been a truly fabulous 2024 at Vortexa! 🎉 As we reflect on an incredible year of growth, innovation, and success, we're filled with…
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HSAPAY
**Only put off until tomorrow what you are willing to die having left undone** **Don't Miss Out on Maximizing Your HSA Growth Potential!** 💼💰🌱 **Summary:** Dynagas LNG Partners LP, a leading provider of liquefied natural gas (LNG) transportation services, is set to release its highly anticipated Q3 2024 financial results on November 22, 2024. This vital update will provide valuable insights into the company's performance for the third quarter ending on September 30, 2024. Notably, no conference call will be held in conjunction with this release. As an experienced Investment Advisor dedicated to helping investors grow their Health Savings Account (HSA), I encourage you to stay informed about your investment choices. Dynagas LNG Partners LP's financial results can offer significant opportunities for HSA growth within the healthcare sector. Don't miss out on maximizing your HSA's potential! Stay ahead of the curve and make informed decisions to secure a healthier financial future for you and your family. Act now to ensure you're taking full advantage of the benefits that investing in your health can bring. #hsa #investing #healthcare #health #family #wellness
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RBN Energy, LLC
In just a few years, the U.S. has become a critically important global supplier of crude oil, natural gas and NGLs, with infrastructure rushing to keep up and industry players simultaneously exploring alternative energy possibilities. How all these moving parts interconnect was one of the key themes of RBN’s 18th School of Energy last week and it’s the subject of today’s blog. https://lnkd.in/gDV6umpE
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Oil & Gas Journal
In addition to providing #naturalgas transportation capacity out of the #Permianbasin, Energy Transfer said its Hugh Brinson #pipeline project is expected to aid the company in becoming a 'premier option' to support #powerplant and #datacenter growth in #Texas. https://lnkd.in/gKUvMTj5 #OGJ #oilandgas #natgas #Permian #EnergyTransfer
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Sunya
Apollo Global Management, Inc. acquires Freedom CNG, a leading provider of Renewable Natural Gas fueling infrastructure - Apollo-managed funds have acquired a majority interest in Freedom CNG, a provider of compressed natural gas and renewable natural gas fueling infrastructure in Texas. - Freedom CNG operates a network of high-capacity fueling stations in the Houston Metro area, catering to various customers including logistics companies, municipalities, and school districts. - Apollo Partner Scott Browning highlighted Freedom's growth potential, emphasizing established relationships with customers and new development opportunities. - Freedom's Managing Partners expressed enthusiasm for partnering with Apollo, aiming to meet the growing demand for low carbon alternative fuels. - Transportation currently accounts for over 25% of U.S. energy consumption, necessitating practical solutions for sustainable energy migration. - The use of compressed natural gas, particularly renewable natural gas sourced from landfills, provides a cost-effective solution with significant emissions reductions. - The demand for renewable natural gas is expected to accelerate due to increased adoption and bipartisan regulatory support, positioning Freedom favorably in the market. - Over the past five years, Apollo has invested approximately $40 billion in energy transition and sustainability initiatives, reflecting its commitment to clean energy. - Legal and financial advisory services for the acquisition were provided by multiple firms including Raymond James & Associates and Vinson & Elkins LLP. - Apollo is a global alternative asset manager with a focus on providing investment strategies across various risk-reward spectrums, currently managing approximately $696 billion in assets. https://lnkd.in/gNShE2iC
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World Oil and Gas Industry News
Kimmeridge to reduce its stake in Commonwealth LNG project due to Biden's ban. Kimmeridge wants to reduce its stake in the Commonwealth LNG plant in Louisiana from 100% to 51%, but is waiting for a final investment decision and, most importantly, for the US government to lift the ban on new LNG projects. Energy investment company Kimmeridge Energy Management wants to reduce its stake in the Commonwealth LNG project from 100% to 51%, Kimmeridge Managing Partner Ben Dell said, as quoted by Reuters. The decision will be made after Commonwealth LNG makes its final investment decision (FID). According to Kimmeridge's plans, they will be determined by May, and they will announce the sale in October, although it is not clear what year, since the FID for the project is expected in the fourth quarter of 2025. And everything will depend on the actions of the US authorities. Kimmeridge does not specify why it is reducing its stake in the project, but draws attention to the fact that Commonwealth LNG did not receive an export license (like many other LNG projects) due to a moratorium on their issuance, introduced by the Biden administration, recall, in January of this year. According to investors, the moratorium will be lifted early next year. Kimmeridge has already invested $1 billion of its own funds in the project and found investors and creditors for the project who are ready to participate, the main thing now is to obtain an export permit. In addition, the investment company can attract the income it receives from the gas production business to finance the project, and EBITDA, according to Dell, is in the amount of $400-500 million annually. Commonwealth LNG is implementing a project to build an LNG plant with a capacity of 9.5 million tons of LNG per year in Cameron (Louisiana), with 8 million tons planned for investors, the rest for its own trade and the trade of its owners. The project applied for an export license to the US Department of Energy, but then there was a moratorium, so there is still no license. https://lnkd.in/epxVmPxH
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EnergyNow.com
US LNG Natural Gas Demand Nears Record Level - Read More: https://hubs.la/Q02ZVh9n0 Gas demand from the U.S. largest liquefied natural gas producers soared on Friday to near-record levels on cooler weather and fewer outages, according to preliminary data from financial firm LSEG. LNG export plants were expected to draw 14.6 billion cubic feet on Friday, the highest for the year and just shy of the U.S. record of 14.7 bcf, recorded in December 2023, and up from the 14.5 bcf recorded on Thursday, LSEG data showed. #usa #naturalgas #lng #oilgas #oilandgascompanies
1 Comment -
Western States and Tribal Nations
Great article last week by Tristan Abbey. Policymakers must recognize the vast potential global LNG markets provide, especially in rapidly developing Asian regions with limited energy resources. U.S. LNG can offset higher-emission fuels, mitigating carbon emissions while stabilizing energy-intensive economies. Amid rising geopolitical tensions and environmental concerns, we must remind ourselves of the decades of progress that allowed American LNG to play a major role in global security. “But now the White House incumbents are playing with fire. Their decision in January 2024 to pause most export approvals until the completion of duplicative economic and environmental studies has already damaged the trustworthiness of American natural gas supplies. Japan, one of our closest allies and most important customers for LNG, was the first to sound the alarm. That damage will be compounded if these studies provide an excuse for the federal government to extract concessions from the U.S. natural gas industry before approvals resume.” Regulatory support is crucial to ensuring a reliable and low-emission energy future that supports both allies and American interests. Stalling U.S. LNG capacity today could prove detrimental tomorrow. Read more here: https://lnkd.in/gimxZmGa
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Gelber & Associates
LNG Feedgas Drops Further, Haynesville Companies Position for Anticipated Demand: NYMEX natural gas futures are down -$0.04, last trading at $2.15/MMBtu. The recent bounce in natural gas futures has not seen much of an increase in trading activity, with total open interest on the forward curve having now dropped by 90,000 since the beginning of the month. Price weakness at Henry Hub has been felt in other regions, including the Haynesville. That said, midstream firms in the region are expanding capacity in anticipation of increased demand once the Plaquemines and Golden Pass LNG export terminals begin ramping up. Momentum Midstream’s NG3 pipeline, with a capacity of 1.7 Bcf/d, is now on track for a Q4 2025 start after resolving legal issues. Williams’ Louisiana Energy Gateway is under construction and also targeting a 2025 in-service date as announced in its earnings call last week. LNG feedgas dropped by 0.7 Bcf/d today down to recent lows of 12 Bcf/d, with Sabine Pass primarily responsible. The terminal has dropped low enough in recent days to suggest that an entire train may be offline. While today’s early data suggests production to be unchanged on the day, late-cycle nominations revised yesterday’s initial estimates down about 0.5 Bcf/d to 101.7 Bcf/d. Flows data out of Appalachia indicates that the region is still the culprit for recent weakness in production; if levels remain stagnant there well beyond expected maintenance timelines, it may indicate that producers have made more permanent cuts to output. Crude Drops as Middle East Geopolitical Risk Premium Shows Signs of Decay: WTI crude oil futures are down -$1.60, last trading at $78.46/bbl. The recent rally has been supported by fears that Iran would become directly involved in Middle East conflict; that said, the prevalence of Middle East news in headlines coupled with their failure to result in real supply risk in recent months has greatly increased participants’ thresholds for alarm and general skepticism. As a result, the passage of time is not on the side of an Iran-driven rally without meaningful further developments to the story. Unrelated factors, however, could do the trick; equities have retraced about 50% of the leg down from mid-July’s all-time highs, as hope remains for a Federal Reserve interest rate cut in about 5 weeks’ time. #Oilandgas #Commodities #NYMEX #HenryHub #Trading #Hedging #Gelber #markets #LNG #OPEC #oil #EIA #gas #gelber #WTI #Energy #Haynesville #Appalachia #Williams #LouisianaEnergyGateway #MomentumMidstream #Midstream
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Justin Singletary
The recent wave of M&A activity could point to a resurgence in the oil & #gasindustry. Matador Resources' $1.9bn acquisition of Permian Basin properties and Noble Corp.'s $1.6bn acquisition of Diamond #OffshoreDrilling are examples of companies taking bold steps to expand their operations. With their strong asset bases and solid financial prospects that can capitalize on the #oil industry's recovery, these companies could attract investors. But as always, it's still important to conduct thorough research before making any decisions. https://loom.ly/95l4g6k
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EnergyNow.com
U.S. CRUDE STOCKS FALL U.S. Crude Stocks Fall, Gasoline and Distillate Inventories Rise – EIA https://hubs.la/Q02z5nvl0 U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration said on Thursday. #crudestocks #crude #stocks #gasoline #inventories #distillate #oilandgasindustry #energyindustry
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247Update News
The Oil and Gas Regulatory Authority (OGRA) has announced a reduction in the prices of Re-gasified Liquefied Natural Gas (RLNG) for September 2024. In a recent notification, OGRA outlined the new rates for both Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC). According to the notification, the price of RLNG for consumers of Sui Northern has been reduced by $0.15 per million British thermal units (mmbtu), bringing the new price to $12.92 per mmbtu. Similarly, RLNG prices for Sui Southern customers have also seen a decrease of $0.15 per mmbtu, with the new rate now set at $11.75 per mmbtu for the month of September. This price cut aims to provide relief to consumers by reducing energy costs and supporting economic activity during the month. #OGRA #reduces #RLNG #prices #September2024 #clarification #247newsupdate
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Richtv.io
CNX Resources #CNX is navigating natural gas dynamics with agility! Partnering with NuBlu Energy to innovate CNG and LNG production, and adjusting production to address oversupply, showcases adaptability. Analysts predict a price stabilization and demand upticks, favoring CNX. A bullish outlook above $21.00-$22.00, targeting $31.00-$32.00. #Energy #Stocks
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HSAPAY
Merger and Acquisition Activity in U.S. Oil and Gas Sector Reaches $200 Billion! 🚀 Summary: In recent years, the U.S. oil and gas sector has experienced an unprecedented surge in merger and acquisition activity, with transactions totaling close to a staggering $200 billion in the past year alone. The epicenter of this M&A frenzy has been the Permian Basin, the country's richest shale area. As much of the prime Permian acreage is already spoken for, Conoco's latest deal emerges as a clear winner. Why Conoco's Latest Deal Sparkles ✨ ConocoPhillips, the renowned multinational energy corporation, has struck a remarkable deal that promises substantial returns for investors. With access to coveted assets in the Permian Basin, Conoco has secured a strategic advantage over its competitors. This move further strengthens the company's foothold in the oil and gas industry, positioning it for even greater success. Don't Miss Out on a Winning Opportunity! 🏆 Investors, it's time to take action and seize this golden chance to grow your wealth. By capitalizing on Conoco's latest deal, you can tap into the tremendous potential of the oil and gas sector. Through wise investing in your Health Savings Account, you can align both your financial well-being and your focus on health, wellness, and family. Let's Invest in Our HSA Wealth Journey Together! 💪💰 #HSA #Investing #Healthcare #Health #Family #Wellness
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Sunya
Latest Scoop - TPG scores 1.25 bil Marubeni Corporation and Ozona CCS LLC strike joint development agreement for CCS in South Texas New Frontier Markets launches carbon marketplace Eion to deliver carbon removal credits to Microsoft UNDO signs enhanced rock weathering carbon removal deal with Microsoft TPG The Rise Fund announces initial $1.25 billion for Global South Initiative, anchored by ALTÉRRA Climate Asset Management raises over $1 billion for nature based carbon projects Dandelion Energy closes $40mm Series C Cyclic Materials raises $53mm Series B David Energy raises $23mm AIR COMPANY raises $69mm in Series B Sage Geosystems Inc. and California Resources Corporation announce geothermal partnership United States Air Force awards geothermal contract to Sage Geosystems Inc. Oklo Inc finalizes agreement with U.S. Department of Energy (DOE) to advance to next phase of siting BKV Corporation announces pricing of Initial Public Offering Vickery Energy Partners gets backed by Quantum Capital Group Chesapeake Energy and Southwestern Energy to close in Oct and renamed to Expand Energy Corporation https://lnkd.in/gDAcr8-y
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Energy News Bulletin
Upstream M&A deals reach $54 billion in the US alone in 2024 ENB’s Rueben Hale reports how the global upstream energy sector is boasting M&A deals amounting to $150 billion, with North America claiming a lion’s share of the pie with $54bn in deals on the table. ExxonMobil #shale #mergers #oil #gas
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Kore Energy
Kore Energy Market Report - November 27, 2024 NBP gas prices declined Tuesday in a volatile session, with Q1-25 settling at 120.13p/th, down 1.0% day-on-day after trading as much as 3.4% lower. Rumors of a potential Israel-Hezbollah ceasefire pressured European gas markets. Brent crude also slipped despite initial support from proposed U.S. import tariffs and a possible OPEC+ production delay. UK baseload prices followed weak gas and carbon markets downward. Read Full Report Here: https://lnkd.in/ecyRfRZ6
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Energy & Power - Business Research Insights
Natural Gas Weekly Update Today in Energy Recent Today in Energy analysis of natural gas markets is available on the EIA website. Market Highlights: (For the week ending Wednesday, September 4, 2024)PricesHenry Hub spot price: The Henry Hub spot price rose 17 cents from $1.89 per million British thermal units (MMBtu) last Wednesday to $2.06/MMBtu yesterday. Henry Hub futures price: The price of the October 2024 NYMEX contract increased 4.8 cents, from $2.097/MMBtu last Wednesday to $2.145/MMBtu yesterday. The price of the 12-month strip averaging October 2024 through September 2025 futures contracts increased 8.2 cents to $2.934/MMBtu. Select regional spot prices: Natural gas spot prices rose at all major pricing locations this report week (Wednesday, August 28, to Wednesday, September 4). Price increases ranged from 14 cents at FGT Citygate to $3.57 at the Waha Hub. Prices increased in the Northeast this report week. At the Algonquin Citygate, which serves Boston-area consumers, the price rose 40 cents from $1.48/MMBtu last Wednesday to $1.88/MMBtu yesterday. At Transco Zone 6 NY, the price increased 16 cents from $1.43/MMBtu last Wednesday to $1.59/MMBtu yesterday. Maintenance on Algonquin Gas Transmission beginning September 4 reduced available pipeline capacity by approximately 0.3 billion cubic feet per day (Bcf/d) at the Cromwell Compressor Station in Middlesex County, Connecticut, and 0.5 Bcf/d at the Chaplin Compressor Station in Windham County, Connecticut. The price at Eastern Gas South in southwest Pennsylvania, near Appalachia region production activities, increased 18 cents from $1.36/MMBtu last Wednesday to $1.54/MMBtu yesterday. Natural gas production in the Appalachia region decreased by 1% (0.3 Bcf/d) to 34.1 Bcf/d this report week, according to data from S&P Global Commodity Insights, which is down 2% (0.7 Bcf/d) from the average for July and August combined. #energy #electricity #power #windpower #electricpower #transmission #electricenergy Source: https://lnkd.in/d-fqq6h
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American Pipeline Contractors Association
Check out this spot-on commentary on the Biden LNG permit freeze from the Marcellus Shale Coalition's David Callahan in the Williamsport Sun-Gazette. "Pennsylvania’s natural gas industry generated more than $41 billion in economic activity in a year and supports approximately 123,000 jobs. Through royalty payments, impact fees, and direct community investments, the industry contributes billions to family farms, small businesses, critical municipal projects, economic development, and conservation efforts. In fact, nearly $200 million in Pennsylvania royalties alone are tied to LNG exports, according to the American Exploration & Production Council. "Simply put — the natural gas industry provides unparalleled economic benefits for communities across Pennsylvania in addition to the energy and resources that power every aspect of modern life." #LNG #permitting #lngindustry #naturalgas #naturalgasindustry #NatGas #Exports #pipelineindustry #energy #pipeline #infrastructure #pipelineconstruction #cleanenergy #energysecurity #economicdevelopment #economicimpact #EnergyIndependence #lngshipping #criticalinfrastructure #APCA https://lnkd.in/eZybCgw4
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