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Good Morning. This is the Sunya Scoop. The newsletter that takes energy transition news and turns it into an easy-to-read email for you.
Here’s what we have for you today:
Aramco has awarded contracts worth $25 billion to expand its gas operations, targeting over 60% growth in sales gas production by 2030 from 2021 levels.
Phase two of the Jafurah gas field development, valued at $12.4 billion, includes gas compression facilities and pipelines.
Phase three of the Master Gas System expansion, costing $8.8 billion, will add 3.15 billion standard cubic feet per day (bscfd) capacity by 2028 with 4,000km of pipelines and 17 compression trains.
Additionally, $2.4 billion is allocated for 23 gas rig contracts, $612 million for directional drilling, and $1.63 billion for 13 well tie-ins at Jafurah.
Jafurah aims for two billion standard cubic feet per day sales gas by 2030, alongside significant ethane, NGL, and condensate output, supported by $100 billion lifecycle investment.
Cedar LNG, a partnership between the Haisla Nation and Pembina Pipeline Corporation, has announced a positive Final Investment Decision (FID) for the Cedar LNG Project, a floating LNG facility in British Columbia.
The facility will have a nameplate capacity of 3.3 million tonnes per annum (mtpa) and will be powered by renewable electricity from BC Hydro, making it one of the world’s lowest emitting LNG facilities.
The Haisla Nation becomes the world’s first Indigenous community to develop an LNG facility as majority owners, marking a historic milestone in economic reconciliation.
The Project is expected to be funded with 60% asset-level debt financing and 40% equity contributions from both partners, with the Haisla Nation securing capital through the First Nations Finance Authority.
Commercial agreements include 20-year liquefaction tolling services agreements with ARC Resources Ltd. and Pembina, supporting economic benefits and job creation in the region.
Aether Fuels has secured $34 million in Series A financing led by AP Ventures, with participation from Chevron Technology Ventures, CDP Venture Capital, Zeon Ventures, and other investors.
The funding will accelerate Aether's Aether Aurora™ technology, aimed at producing sustainable fuels for aviation and ocean shipping industries.
Aether Aurora™ enhances Fischer-Tropsch (FT) processes, reducing plant investment and operating costs while increasing yield and flexibility in converting various carbon feedstocks into jet fuel and liquid hydrocarbons.
Plans include scaling up a 100 gallon-per-day (gpd) demonstration plant and developing commercial-scale production facilities in the U.S. and Southeast Asia.
Aether collaborates with GTI Energy for R&D, leveraging innovations for feedstock flexibility and cost efficiency, critical for e-fuels, biofuels, and recycled carbon fuel projects.
Google announces partnership with BlackRock's Climate Infrastructure business to develop a 1 GW pipeline of solar capacity in Taiwan.
Investment in New Green Power (NGP), a Taiwanese solar developer, to facilitate the buildout of large-scale solar projects.
Focus on advancing clean energy on Taiwan's electricity grid to support regional decarbonization efforts.
Aim to procure up to 300 MW of solar energy from the NGP pipeline through power purchase agreements (PPAs) and Taiwan Renewable Energy Certificates (T-RECs) for local operations.
Commitment to achieve net-zero emissions across all operations and value chain by 2030.
DOE and EPA announced $850 million in federal funding to reduce methane emissions from the oil and gas sector.
Targets oil and gas facilities, the largest industrial source of methane.
Aims for significant emissions reductions through monitoring, measuring, quantifying, and mitigating methane emissions.
Supports small operators and promotes innovative methane emissions reduction technologies.
Open to industry, academia, NGOs, Tribes, and state/local governments.
Applications due by August 26, 2024, with a focus on measurable environmental and social outcomes.
Ascent Resources, LLC released its 2023 Sustainability Report, highlighting efforts in environmental, social, and governance (ESG) areas.
Environmental achievements include maintaining low Scope 1 GHG emissions intensity for three years and achieving ultra-low Scope 1 methane emissions intensity of 0.02%.
Social impacts involve generating over $580 million in local economic impact, paying more than $510 million to landowners, contributing over $60 million in taxes, and investing approximately $10 million in Ohio road repairs.
Sustainability metrics are integrated into employee and management compensation, aligning with the company's commitment to responsible corporate citizenship.
The full 2023 Sustainability Report can be accessed at Ascent Resources Sustainability Report.
The U.S. Department of Energy (DOE) has allocated $2.7 billion from President Biden’s Investing in America agenda to enhance the domestic nuclear fuel supply chain.
This initiative aims to purchase low-enriched uranium (LEU) from domestic sources, fostering uranium enrichment capacity within the United States.
The RFP supports market diversity and aims to secure a reliable supply of nuclear fuel, reducing dependency on Russian imports.
The initiative will support current and future U.S. nuclear reactors, ensuring a stable fuel supply and advancing clean energy goals.
California Resources Corporation Completes Combination with Aera Energy
Gunvor and Quercus announce landmark solar development partnership in Italy
Sunya Stories podcast - Capturing Carbon with Carbonvert CEO Alex Tiller
You can subscribe via Spotify or Apple Podcasts as well.
Last Thursday’s edition - Shell’s Alberta ambition
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
