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01.04.25 - 03:06
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TG Natural Resources Acquires Majority Stake in Chevron′s East Texas Gas Assets, Strengthening Leadership in the Haynesville Play (Business Wire)
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HOUSTON--(BUSINESS WIRE)--TG Natural Resources LLC (“TGNR”), a company indirectly owned by Tokyo Gas Co., Ltd. (“Tokyo Gas”) and Castleton Commodities International LLC (“CCI”), announced that it has closed on a transaction to acquire a 70% interest in the East Texas gas assets of Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (“Chevron”), for $525 million, with $75 million paid in cash and $450 million as a capital carry to fund Haynesville development, prior to customary adjustments (the “Transaction”).
With this transaction, TGNR will add over 250 gross locations to its existing Haynesville inventory (assuming four wells per section). This will extend TGNR's inventory life beyond 20 years at the current development pace, not counting the Bossier and Cotton Valley plays which are commercial at current prices. The Haynesville acreage in this transaction is relatively undrilled and held by shallower production, allowing parent-child effects between wells to be mitigated.
Cra...
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27.03.25 - 07:01
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Commissioning of Wärtsilä power plant boosts Japan′s transition to renewable energy (Cision)
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Wärtsilä Corporation, Press release, 27 March 2025 at 7:30 EET
The 100 MW Sodegaura power plant in Japan, operating with ten Wärtsilä 34SG engines, has been successfully handed over to Tokyo Gas Engineering Solutions (TGES). The Wärtsilä engines provide the needed flexibility to enable critical grid balancing as Japan strives to increase its share of renewable energy.
The plant was built by TGES on behalf of its parent company Tokyo Gas, who will own and operate the facility. The plant is located in Sodegaura city in the Chiba Prefecture, and it will play a key role in supporting the...
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