Eased US Sanctions on Venezuelan Oil Provide Weak Supply Boost
(FT.com, 30.Nov.2022) — The ports of the US Gulf of Mexico coast will soon resume shipments that have been absent for more than three years: tankers full of Venezuela’s heavy...
Ormat Supports Taiwan Geothermal Development
(Ormat, 30.Nov.2022) — Following the commercial transfer of the 4.2MW Yilan Qingshui Geothermal Power Plant in 2021, Taiwan will have more geothermal energy. Jieyuan Energy Development, Fengyu Green Energy and...
Election to Equinor’s Board of Directors
(Equinor, 30.Nov.2022) — On 30 November 2022 the corporate assembly of Equinor ASA (OSE:EQNR, NYSE:EQNR) elected Haakon Bruun-Hanssen as new member to Equinor ASA’s board of directors. Haakon Bruun-Hanssen is...
Energy Analytics Institute’s NRGBriefs: November 2022
(Energy Analytics Institute, 30.Nov.2022) — Energy briefs as well as others related to finance and politics during November 2022 including Brazilian oil giant Petrobras launching its strategic plan for 2023-27;...
Petrobras on Petrobras Day
(Petrobras, 30.Nov.2022) — Petrobras will hold Petrobras Day on 1 December 2022. There will be two webcasts, the first in Portuguese and the second in English, with presentations about our...
Petrobras Concludes REMAN Divestment
(Petrobras, 30.Nov.2022) — Petrobras, following up on the release disclosed on 25 Aug. 2021, 10 Mar. 2022, 13 May 2022 and 30 Aug. 2022, informs that it has today finalized...
Petrobras Concludes Transfer of Interest in Búzios
(Petrobras, 30.Nov.2022) — Petrobras, following up on the releases disclosed on 29 Sep. 2021, 4 Oct. 2021, 4 Mar. 2022 and 24 Nov. 2022 informs that it concluded today the...
Petrobras on Petros Plan
(Petrobras, 30.Nov.2022) — Petrobras informs that it was disclosed by the Fundação Petrobras de Seguridade Social (Petros) that its Deliberative Council approved the Deficit Equalization Plan (PED) for the year...
Petrobras on Sale of Thermal Power Plant
(Petrobras, 30.Nov.2022) — Petrobras, following up on the releases disclosed on 14 Aug. 2020 and 15 Jun. 2020, informs that its Executive Board has approved the termination of the competitive...
Petrobras Approves Strategic Plan 2023-27
(Petrobras, 30.Nov.2022) — Petrobras informs that its Board of Directors approved, in a meeting held today, the Strategic Plan for the five-year period 2023-2027 (SP 2023-27). Throughout 2022, Petrobras delivered...
Maduro Calls for ‘Complete Lifting’ of Oil Sanctions
(AFP, 30.Nov.2022) — Venezuelan President Nicolas Maduro said the easing of an oil embargo on his country by the United States was not enough, and called Wednesday for the total...
Interoil Releases 3Q:22 Details
(Interoil, 29.Nov.2022) — In July 2022 Interoil Exploration and Production ASA successfully closed its share offering. The final number of shares that were subscribed and issued in the Share Issue...
Global Deepwater Production to Increase 60% by 2030: WoodMac
(WoodMac, 29.Nov.2022) — Global deepwater production will increase 60% by 2030, reaching 17 million barrels of oil equivalent per day (boe/d), according to a new report from Wood Mackenzie, a...
bpTT Starts Production from Cassia C Facility
(bpTT, 29.Nov.2022) — bp Trinidad and Tobago LLC (bpTT) today confirms its Cassia C development has safely delivered first gas.Cassia C is bpTT’s first offshore compression platform and its biggest...
ConocoPhillips and QatarEnergy to Provide Reliable LNG Supply to Germany
(ConocoPhillips, 29.Nov.2022) — ConocoPhillips (NYSE: COP) and QatarEnergy signed two agreements to supply long-term liquefied natural gas (LNG) to Germany. The suppliers are joint venture companies established between ConocoPhillips and...
Trinidad Launches Roadmap for a Green Hydrogen Economy
(MEEI, 29.Nov.2022) — Today, the Ministry of Energy and Energy Industries (MEEI) launched “The Roadmap for a Green Hydrogen Economy in Trinidad and Tobago” which is the summary findings of...
Suriname: Demerara Bid Round 2022/2023
(SHI, 28.Nov.2022) — Staatsolie Hydrocarbon Institute (SHI), a wholly owned subsidiary of Staatsolie Maatschappij Suriname N.V., announced the launch of a competitive bid round of six new blocks in the...
Shell to Acquire Renewable Natgas Producer Nature Energy
(Shell, 28.Nov.2022) — Shell Petroleum NV, a wholly owned subsidiary of Shell plc, has reached an agreement with Davidson Kempner Capital Management LP, Pioneer Point Partners and Sampension to acquire...
Frontera and CGX to Spud Wei-1 Offshore Guyana by Jan. 2023
(Frontera, 28.Nov.2022) — Frontera Energy Corporation (TSX: FEC) and CGX Energy Inc. (TSXV: OYL), joint venture partners in the Petroleum Prospecting License for the Corentyne block offshore Guyana, announce its continued...
APA Corp. Deems Awari Well on Block 58 Non-commerical
(APA Corp., 28.Nov.2022) — APA Corporation (Nasdaq: APA) provided an update on exploration activities in Block 58 offshore Suriname. Drilling operations have concluded at the Awari exploration prospect in the...
Petrobras on Shareholder Remuneration Policy, Gross Debt
(Petrobras, 27.Nov.2022) — Petrobras, regarding the news in the media about the Shareholder Remuneration Policy, approved by the Board of Directors in 2019 and improved in 2020 and 2021, clarifies...
OFAC Authorizes Certain Chevron Transactions in Venezuela
(Energy Analytics Institute, 26.Nov.2022) — The US Department of Treasury’s Office of Foreign Assets Control (OFAC) issued General License No. 41 which authorizes certain transactions related to Chevron Corporation’s joint...
US State Department: Joint Statement on Venezuela Negotiations
(US Department of State, 26.Nov.2022) — The following statement was released by Secretary of State Antony J. Blinken, the EU High Representative for Foreign Affairs and Security Policy Josep Borrell...
US Eases Venezuela Oil Sanctions After Gov’t, Opposition Ink Deal
(Al Jazeera, 26.Nov.2022) — The Biden administration on Saturday eased some oil sanctions on Venezuela after the government of Nicolas Maduro and the opposition signed a broad ‘social accord’ to...
Chevron Can Resume Key Role in Venezuela’s Oil Output
(Reuters, 26.Nov.2022) — Chevron Corp on Saturday received a U.S. license allowing the second-largest U.S. oil company to expand its production in Venezuela and bring the South American country's crude...
CGG Wins Multi-Year Extension of Dedicated Imaging
(CGG, 24.Nov.2022) — CGG has been awarded a multi-year contract extension by Brunei Shell Petroleum Company Sdn Bhd (BSP) to continue operating a dedicated seismic imaging center at its head...
Petrobras on $1.9bn Payment by CNOOC for Búzios Field Participation
(Petrobras, 24.Nov.2022) — Petrobras, following up on the releases of 29 Sep. 2021, 4 Oct. 2021 and 04 Mar. 2022, informs that it has received today the amount of R$...
US Prepared to Authorize Chevron to Boost Venezuela’s Oil Output
(Reuters, 23.Nov.2022) — Chevron Corp could soon win U.S. approval to expand operations in Venezuela and resume trading its oil once the Venezuelan government and its opposition resume political talks,...
Sempra Announces Strategic Partnership with ConocoPhillips for Port Arthur LNG
(Sempra, 22.Nov.2022) — Sempra (NYSE: SRE) (BMV: SRE) announced that its subsidiary, Sempra Infrastructure, and ConocoPhillips (NYSE: COP) have executed a 20-year Sale and Purchase Agreement (SPA) for 5 million tonnes per annum...
South Africa: TotalEnergies Responds to Bloom and The Green Connection
(TotalEnergies, 22.Nov.2022) — In response to an open letter from Bloom dated 17 October 2022 concerning TotalEnergies' gas exploration project in South Africa, Patrick Pouyanné, Chairman and Chief Executive officer...
Irpa: More Gas to Europe and Extended Life for Aasta Hansteen
(Equinor, 22.Nov.2022) — On behalf of the Irpa partnership, Equinor has submitted a plan for development and operation (PDO) for the Irpa gas discovery, formerly known as Asterix, to the...
NFE Finalizes Deals with Pemex Regarding Lakach Offshore Gas Field
(New Fortress Energy, 22.Nov.2022) — New Fortress Energy Inc. (NASDAQ: NFE) has finalized its agreements with Petróleos Mexicanos (Pemex), Mexico’s state-owned oil company, to develop and operate an integrated upstream and natural...
SLB on Award for bp’s Cypre Project
(SLB, 22.Nov.2022) — SLB announced today an award to its OneSubsea® business and Subsea Integration Alliance of a large contract by bp for its Cypre gas project offshore Trinidad and Tobago. The contract scope...
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Gaming Out the Proposed Price Cap on Russian Oil: KAPSARC [PDF Download]
(KAPSARC, 21.Nov.2022) — In a June 29, 2022, communique, the G7 countries agreed to explore ways to impose a price cap on Russian oil exports. The main mechanism would be...
Waiving a Law May Help New England Get Easier Access to NatGas
(Connecticut Public Radio, 21.Nov.2022) — On Oct. 27, Eversource Energy President and CEO, Joe Nolan, wrote a letter to President Joe Biden warning him of the potential power shortages across...
QatarEnergy, Sinopec Ink 27-year 4 MTPA LNG Supply Deal to China
(QatarEnergy, 21.Nov.2022) — QatarEnergy entered into a 27-year Sale and Purchase Agreement (SPA) with China Petroleum & Chemical Corporation (Sinopec) for the supply of 4 million tons per annum (MTPA)...
Lula to Start Job Interviews for Petrobras Overhaul, Sources Say
(Reuters, 21.Nov.2022) — Brazilian President-elect Luiz Inacio Lula da Silva begins interviews this week with candidates to run oil firm Petrobras, people familiar with the talks said, kicking off what...
KAPSARC 4Q:22 Oil Market Outlook (KOMO)
(KAPSARC, 21.Nov.2022) — Highlights from KAPSARC's fourth quarter of 2022 Oil Market Outlook (KOMO) follow. Declining gross domestic product (GDP) growth in Q4 2022 will add downward pressure to the...
Janet L. Yellen on Election of IADB President
(US Treasury, 20.Nov.2022) — Statement by Secretary of the Treasury Janet L. Yellen on Election of the President of the Inter-American Development Bank. On behalf of the United States, I...
ExxonMobil Guyana Renews Sponsorship in 2023 for the 2nd Edition of IECEG 2023
(IECEG, 18.Nov.2022) — The International Energy Conference and Expo Guyana 2023 (IECEG 2023) today announced ExxonMobil Guyana as the premier sponsor of the second edition of the Conference & Expo....
Petrobras on Shareholder Remuneration Distribution Method
(Petrobras, 18.Nov.2022) — Petrobras, following up on the releases disclosed on 3 November 2022, informs that the distribution of the second installment of the remuneration to shareholders, approved by the...
Fitch Ratings Maintains Ecopetrol’s Rating at BB+, with a Stable Outlook
(Ecopetrol, 18.Nov.2022) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that the rating agency Fitch Ratings maintained the company's credit rating at "BB+", with a stable outlook, and the company's individual credit...
Saudi Arabia, Led By The Crown Prince And New Prime Minister, Is Greening Up
(Forbes, 18.Nov.2022) — With oil production at 11 million bpd (barrels per day) Saudi Arabia is the second top oil producer – a country of population only 35 million. The...
NextEra Energy to Acquire 1,080-MW Net Interest in Portfolio
(NextEra, 18.Nov.2022) — NextEra Energy Partners, LP (NYSE: NEP) has entered into an agreement with subsidiaries of NextEra Energy Resources, LLC to acquire a 49% interest in an approximately 1.5-gigawatt renewables...
Freeport LNG Updates on Restart of Liquefaction Facility
(Freeport LNG, 18.Nov.2022) — Freeport LNG Development, L.P. provided an update on the ongoing reconstruction and resumption of operations at its natural gas liquefaction and LNG export facility. As of...
Simon Bolivar Foundation Support Health Programs for Venezuelan, Other Migrants
(Simón Bolívar Foundation Inc., 17.Nov.2022) — Simón Bolívar Foundation Inc., the 501(c)(3) nonprofit private foundation of Citgo Petroleum Corporation, is awarding up to $1.68mn in grant funding to seven qualified charitable organizations...
Höegh LNG Partners LP Reports 3Q:22 Financial Results
(Höegh LNG Partners, 17.Nov.2022) — Höegh LNG Partners LP (NYSE: HMLP-PA) reported its financial results for the quarter ended September 30, 2022. Highlights Reported for the third quarter of 2022 total time charter...
CNOOC Says Jinzhou 31-1 Gas Field Project Commences Production
(CNOOC, 17.Nov.2022) — CNOOC Limited (SEHK: 00883, SSE: 600938) announced that Jinzhou 31-1 gas field development project commenced production. Jinzhou 31-1 gas field locates in Liaodong Bay of Bohai Sea,...
Eni and PASQAL to Develop Quantum Solutions for the Energy Sector
(Eni, 17.Nov.2022) — Eni and PASQAL announced the establishment of a collaboration to develop next-generation HPC solutions for the energy sector through quantum computing Eni, the Italian energy company, and...
Eni and Sonatrach Inaugurate Solar Lab, Lay First Stone of PV Facility in BRN, Algeria
(Eni, 17.Nov.2022) — The CEO of Eni Claudio Descalzi and the CEO of Sonatrach Toufik Hakkar have inaugurated the Solar Lab and laid the first stone of a 10MW photovoltaic...
Chevron to Acquire Full Ownership of Beyond6 CNG Fueling Network
(Chevron, 17.Nov.2022) — Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), announced today it signed a definitive agreement to acquire full ownership of Beyond6, LLC (B6) and its...
Earthquake in Texas Oil Country Highlights Environmental Concerns
(Barrons, 16.Nov.2022) — A 5.3 magnitude earthquake hit a key oil basin in West Texas on Wednesday afternoon, and was strong enough to be felt in Austin and other parts...
Ecopetrol Announces Creation of Ecopetrol US Trading LLC
(Ecopetrol, 16.Nov.2022) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) has completed the formal process for establishing a new subsidiary, Ecopetrol US Trading LLC, domiciled in Delaware, USA. The main focus of the...
QatarEnergy Takes $8.5bn FID on World’s Largest Polymers Facility
(QatarEnergy, 16.Nov.2022) — QatarEnergy and Chevron Phillips Chemical Company LLC (CPChem) announced that they have taken a Final Investment Decision (FID) on the Golden Triangle Polymers Plant, an $8.5bn world-scale...
DENSO Announces North America Energy Policy Statement
(DENSO, 16.Nov.2022) — DENSO, a mobility supplier, has created a North America Energy Policy Statement as part of its efforts to contribute to a green and sustainable world. The policy...
QatarEnergy, Qatargas Celebrate 30,000th Shipment from Ras Laffan
(Qatargas, 16.Nov.2022) — Marking a historic milestone for the State of Qatar's energy industry, QatarEnergy and Qatargas celebrated the safe and successful loading of the 30,000th Ship from Qatargas-operated terminals in...
Nucor Joining the UNs 24/7 Carbon-Free Energy Global Compact
(Nucor, 15.Nov.2022) — Nucor Corporation (NYSE: NUE) is joining the United Nations 24/7 Carbon-Free Energy Global Compact ("Compact"). Nucor is the first major industrial company to join this global effort, which...
JinkoSolar’s 182mm TOPCon Module Reaches Conversion Efficiency of 23.86%
(JinkoSolar, 15.Nov.2022) — JinkoSolar Holding Co., Ltd. (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, announced that following the record of maximum solar conversion...
Frontera to Host Investor Open House on 15 Nov. 2022
(Frontera, 15.Nov.2022) — Frontera Energy Corporation (TSX: FEC) will host an Investor Open House for analysts, investors, shareholders and bondholders today from 9:30 a.m. to 5:00 p.m. Col time, Frontera at its office...
APA Corp. Achieves Goal of Reducing Upstream Routine Flaring in Egypt by 40%
(APA Corp., 14.Nov.2022) — APA Corporation (Nasdaq: APA) today announced the achievement of a compensation-linked environmental, social and governance (ESG) goal to reduce upstream routine flaring across Egypt operations by...
IDB and IDB Invest Provided $26bn in Climate Financing over Five Years
(IDB, 14.Nov.2022) — The Inter-American Development Bank (IDB) and IDB Invest, the IDB Group's private-sector arm, provided more than $26bn in climate financing for Latin America and the Caribbean between 2016 and 2021. This figure represents...
Holland & Knight Strengthens its Global Energy Practice
(Holland & Knight, 14.Nov.2022) — Holland & Knight announced a nationally recognized team of nine partners with extensive experience in the energy industry have joined the firm from Eversheds. The team...
Aris Mining Provides 3Q:22 Financial, Operating Highlights
(Aris Mining, 14.Nov.2022) — Aris Mining Corporation, formerly GCM Mining Corporation (TSX: ARIS) (OTCQX: TPRFF) announces financial and operating results for the three and nine months ended 30 September 2022 ("Q3 2022 and...
bp Begins Shipping LNG from Mozambique’s First LNG Project
(bp, 14.Nov.2022) — bp has successfully loaded the first LNG cargo from Mozambique’s offshore Coral Sul FLNG facility, the country’s first LNG project and first floating LNG facility ever deployed in the deep waters...
Mozambique’s First LNG Cargo Departs from Coral Sul FLNG
(Eni, 13.Nov.2022) — Eni, as Delegated Operator of the Coral South project on behalf of its Area 4 Partners (ExxonMobil, CNPC, GALP, KOGAS and ENH), informs that the first shipment...
ENGIE Energy to Establish New Class of Technology-based Carbon Credits
(ENGIE Energy Marketing, 11.Nov.2022) — ENGIE Energy Marketing NA, Inc (EEMNA), a subsidiary of ENGIE North America, announces it will develop a framework and marketing platform for sourcing measured Sequestrated...
Bechtel-led Coalition to Support Egypt’s Decarbonization Strategy
(Bechtel, 11.Nov.2022) — Egyptian LNG has awarded a feasibility study contract to the Bechtel-led Coalition for Decarbonization that includes Enppi, Petrojet, Baker Hughes, GE Digital, HSBC and NBE. The study will...
bp Commends EPA for Advancing Methane Rules
(bp, 11.Nov.2022) — bp commends the EPA for advancing new rules aimed at reducing methane emissions. This is a critical step toward helping the US reach net zero by 2050...
Citgo Announces 3Q:22 Financial Results
(Citgo, 10.Nov.2022) — Citgo Petroleum Corporation reported 2022 third quarter net income of $477mn and EBITDA of $804mn, compared to net income of $1.29bn and EBITDA of $1.86bn in the second quarter of 2022. Highlights: Reported third quarter...
Citgo Holdings Offers to Acquire up to $237.4mn of its Senior Notes Due 2024
(Citgo, 10.Nov.2022) — Citgo Holding, Inc., a Delaware corporation, announced its offer to purchasefor cash an aggregate principal amount of up to $237.391mn (the "Excess Cash Flow Offer Amount") of its 9.25% Senior...
Horizon Petroleum Confirms European Natgas Focus
(Horizon Petroleum, 10.Nov.2022) — Horizon Petroleum Ltd. (NEX: HPL.H) provided a corporate update and share its strategy and focus in Europe. Our vision is to build a profitable, intermediate sized energy...
Maxeon Solar Technologies Reveals 3Q:22 Financial Results
(Maxeon Solar, 10.Nov.2022) — Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) announced its financial results for the third quarter ended 2 October 2022. Maxeon's Interim Chief Executive Officer Mark Babcock noted, "Maxeon delivered Q3 financial...
YPF Sociedad Anónima 3Q22 Earnings Call Transcript
(Seeking Alpha, 10.Nov.2022) — Executives with Argentina’s state oil giant YPF Sociedad Anónima (NYSE:YPF) held a third quarter of 2022 earnings conference call with analysts. What follows is a transcript...
Vermilion Energy Announces Third Quarter Results
(Vermilion Enegy, 9.Nov.2022) — Vermilion Energy Inc. (TSX: VET) (NYSE: VET) is pleased to report operating and condensed financial results for the three and nine months ended September 30, 2022. The unaudited interim...
Pan American Silver Reports 3Q:22 Results
(Pan American Silver, 9.Nov.2022) — Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) reported unaudited results for the quarter ended 30 September 2022 ("Q3 2022"). "Our Q3 results reflect the industry-wide challenge...