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Fusion Fuel Announces Over $2.7 Million in New Contracts and Substantial Utility Growth through Al Shola Gas
Globenewswire· 2025-05-22 12:00
Core Viewpoint - Fusion Fuel Green PLC's subsidiary, Al Shola Al Modea Gas Distribution LLC, has secured significant new contracts and expanded its service portfolio, indicating strong growth potential in the energy services sector, particularly in the UAE market [1][7]. Overview of New Contracts – Engineering Projects - Al Shola Gas has signed engineering contracts valued at approximately $2.7 million since March 2025, covering design, supply, installation, maintenance, and operations [2]. Overview of New Contracts – Residential Utilities - The company has added over 1,800 residential service contracts for LPG utility solutions across 16 buildings in Dubai, projecting an annual recurring revenue of about $0.9 million, increasing its customer base to over 12,000 [4]. Overview of New Contracts – Commercial Utilities - Al Shola Gas has also secured two commercial LPG supply and maintenance contracts for food and beverage facilities, now managing monthly billing for over 170 outlets [5]. Overview of Bulk LPG Supply - The bulk LPG supply has consistently exceeded 600 metric tons (MT) monthly, with an organic growth rate of 10 to 20 MT per month. The company anticipates reaching 800 MT per month by year-end due to new fleet additions [6].
燃情守护,中国石油天然气销售山东公司筑牢五一用气安全防线
Qi Lu Wan Bao· 2025-05-07 08:44
Group 1 - The article emphasizes the importance of gas safety during the May Day holiday, highlighting the proactive measures taken by China National Petroleum Corporation (CNPC) to ensure safe gas supply for residents [1][10] - Various subsidiaries, including Linyi and Dezhou, conducted thorough safety inspections of gas facilities, focusing on valves, pipelines, and pressure regulators to ensure operational safety during the holiday [3][5] - Public safety awareness campaigns were implemented, distributing safety manuals and conducting demonstrations on emergency responses to gas leaks, enhancing community knowledge on safe gas usage [5][9] Group 2 - The article details the increased frequency of inspections and monitoring in key areas, particularly in densely populated regions and commercial users, to maintain a "zero blind spot" approach to gas safety [3][9] - Employees at gas stations, such as in Jinan, engaged in comprehensive checks of critical equipment, ensuring all systems were functioning correctly to provide uninterrupted gas supply during the holiday [10] - The commitment of CNPC employees to prioritize safety and operational readiness during peak usage times reflects the company's dedication to maintaining a reliable gas supply for the public [10]
Ecopetrol S.A. Board of Directors Announcement
Prnewswire· 2025-04-24 14:15
Core Points - Ecopetrol S.A. has confirmed the continuation of Guillermo García Realpe and Mónica de Greiff Lindo as Chairperson and Vice-Chairperson of the Board of Directors respectively [1] - The Board of Directors has approved the formation of several support committees, including Audit and Risk Committee, Business Committee, Corporate Governance and Sustainability Committee, Remuneration, Appointments, and Culture Committee, HSE Committee, and Technology and Innovation Committee [2] Company Overview - Ecopetrol is the largest company in Colombia and a major integrated energy company in the Americas, employing over 19,000 people [2] - The company is responsible for more than 60% of hydrocarbon production in Colombia and has significant roles in transportation, logistics, and hydrocarbon refining systems [2] - Ecopetrol holds a 51.4% stake in ISA, which allows it to participate in energy transmission and manage real-time systems [4] - The company has international operations in strategic basins across the Americas, including drilling and exploration in the United States (Permian basin and Gulf of Mexico), Brazil, and Mexico [4] - Through ISA and its subsidiaries, Ecopetrol has leading positions in power transmission in Brazil, Chile, Peru, and Bolivia, as well as road concessions in Chile and involvement in the telecommunications sector [4]
SoCalGas Announces First Renewable Natural Gas Contract Approved Under California Program
Prnewswire· 2025-03-18 12:45
Core Insights - Southern California Gas Company (SoCalGas) has signed a contract with Organic Energy Solutions (OES) to procure renewable natural gas (RNG) from organic waste, marking the first contract approved under California's Senate Bill 1440 [1][2][3] - The RNG will be sourced from a project in San Bernardino and aims to help California reduce methane emissions from agriculture and waste while advancing energy decarbonization [1][2] - SoCalGas plans to replace approximately 12% of its traditional natural gas supply with RNG by 2030, contributing to California's goal of reducing methane emissions by 40% by the same year [2][3] Company Initiatives - The RNG project is expected to prevent approximately 15,300 tons of greenhouse gases from entering the atmosphere annually, equivalent to the energy usage of 2,984 homes or 1.7 million gallons of gasoline [3] - SoCalGas has been replacing traditional compressed natural gas with RNG at its fueling stations since 2019, with RNG classified as carbon negative by the California Air Resources Board since 2020 [4] - The company has delivered approximately 5% RNG to customers since 2023, supporting California's clean air and climate goals [4][5] Industry Impact - The RNG procurement project is seen as a significant milestone for the RNG industry and is expected to set a precedent for similar agreements in other U.S. states [5] - RNG is recognized as an innovative climate solution that converts methane emissions from organic waste into a low-carbon alternative to fossil fuels, aiding long-term decarbonization efforts [5] - The California Integrated Energy Policy Report indicates that RNG can significantly reduce greenhouse gases and pollutant emissions compared to conventional diesel trucks [5]