(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 underlying seasonality of oil demand trends in several countries, playing an important role in oil demand declines this quarter. OECD […]
Year: 2022
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 wish to extend my congratulations to Ilan Goldfajn on his election as President of the IDB. The IDB plays a […]
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. Commenting on the sponsorship, President of ExxonMobil Guyana, Alistair Routledge said, “The event’s theme, ‘Harnessing Energy for Development’, aligns with our […]
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 Board of Directors on that date, to be paid on 19 January 2022, in the amount of R$ 1.67445, will […]
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 rating (Stand-Alone, excluding the Government’s support) at “bbb”. The rating agency highlighted Ecopetrol’s liquidity profile, which is supported by cash […]
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 US is the top producer at over 12 million bpd and a population of 350 million. Russia comes in third. […]
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 portfolio and approximately 100% of the indirect membership interests in an approximately 345-megawatt (MW) portfolio of operating wind assets. Immediately […]
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 14 November the reconstruction work necessary to commence initial operations, including utilization of all three liquefaction trains, two LNG storage […]
Simon Bolivar Foundation Support Health Programs for Venezuelan, Other Migrants
(Simón BolÃvar Foundation Inc., 17.Nov.2022) — Simón BolÃvar 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 as part of its Colombia-Ecuador-Peru Humanitarian Health Grants program. The call for grant applications for this charitable program, recognizing the vulnerable […]
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 revenues of $36.9 mn (Q3 2021: $35.6 mn). Generated for the third quarter of 2022 operating income of $18.2 mn (Q3 2021: $27.1 mn), net income […]
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, with an average water depth of about 30 meters. The main production facilities include 1 subsea production system, 1 submarine transportation […]
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 PASQAL, leader in neutral atoms quantum computing, today announced the establishment of a collaboration to develop next-generation HPC (high performance […]
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 plant in the Bir Rebaa North (BRN) production complex, in the Berkine basin, south-eastern Algeria, today. The event took place […]
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 network of 55 compressed natural gas (CNG) stations across the United States from Chevron’s current B6 co-owners, a subsidiary of […]
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 of the state. It wasn’t immediately clear whether the quake affected oil companies’ operations, but it could add to concern […]
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 new subsidiary is the international marketing of refined, petrochemical and industrial products as well as crude oil and natural gas […]
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 integrated polymers facility in the Texas Gulf Coast area in the United States of America. Located about 180 kilometers east […]
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 statement demonstrates DENSO’s commitment to reducing energy use and decarbonizing operations at its North American locations, with each pushing the company closer to […]
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 Ras Laffan Port. The LNG cargo was loaded on board the Qatargas-chartered Q-Max LNG carrier “Mekaines.” Commenting on this occasion, […]
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 is aimed at accelerating the decarbonization of the world’s electricity systems to mitigate climate change and ensure access to clean […]
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 efficiency of 26.1% recently set by its 182 mm and above large-size monocrystalline silicon TOPCon solar cell, the maximum solar […]
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 at Calle 110 N° 9 – 25 Piso 16, Bogotá, Colombia. Members of Frontera’s executive team will provide in-depth presentations and […]
Aquaterra Unveils New Tool for Long-term Integrity of CCS Sites
(Aquaterra, 15.Nov.2022) — Aquaterra Energy unveiled a new CO2 management platform that will allow for long-term monitoring and sustained integrity of underwater carbon capture and storage (CCS) sites. The integrated solution provides monitoring of both sub-surface fibre optic seismic arrays, as well as dissolved CO2 gas detection via self-powered (solar or wave), […]
APA Corp. Reduces 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 40%. The goal was reached ahead of schedule and is the result of numerous emissions reduction projects executed in Egypt […]
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 approximately 60% of all climate financing in the region from multilateral development banks during this period. Of the total, $8.3bn went to […]
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 is led by energy and renewables partner Ram Sunkara in Houston and tax partner Amish Shah in Washington, D.C. The group also includes […]
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 YTD 2022”). All amounts are in US dollars unless otherwise indicated. Q3 2022 Highlights: Cash and cash equivalents of $326mn and access […]
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 of the African continent. Under its long-term contract, bp will purchase 100% of LNG output from Coral Sul FLNG which has the […]
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 of liquefied natural gas (LNG) produced from the Coral gas field, in the ultra-deep waters of the Rovuma Basin, has […]
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 Carbon in establishing a new class of differentiated technology-based Carbon Credits. Key Highlights: ENGIE Energy Marketing NA, Inc and BKV Corporation […]
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 assess implementation of a zero-flaring system at the Egyptian LNG export terminal (ELNG) in Idku, east of Alexandria. H.E. Tarek El-Molla, Egyptian […]
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 or sooner. Regulating methane will help prevent leaks throughout the industry and protect the environment. That’s why bp supports the […]
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 net income of $477mn and EBITDA 1 of $804mn Continued strong health, safety and environmental performance Successful and safe turnaround execution and start-up at the […]
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 Secured Notes due 2024 at a purchase price equal to 100% of the principal amount of the Notes to be […]
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 company that produces natural gas and oil in a manner that meets the environmental standards in the jurisdictions in which […]
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 results consistent with guidance and achieved key strategic milestones in both our distributed generation (DG) and utility-scale businesses. In Europe, DG […]
YPF Sociedad Anónima 3Q:22 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 of the call. Company Participants Pablo Calderone – Investor Relations Pablo Iuliano – Chief Executive Officer Alejandro Lew – Chief […]
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 financial statements and management discussion and analysis for the three and nine months ended September 30, 2022 will be available on the […]
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 of softening precious metal prices combined with inflationary cost pressures,” said Michael Steinmann, President and Chief Executive Officer. Added Mr. Steinmann: […]
Ecopetrol S.A.’s 3Q:22 Earnings Call Transcript
(Seeking Alpha, 9.Nov.2022) — Ecopetrol S.A.’s (NYSE:EC) third quarter of 2022 earnings conference call on 9 November 2022 follows including the question & answer session with analysts. Company Participants Felipe Bayon – Chief Executive Officer Yeimy Baez – Vice President of Low Emission Solutions Alberto Consuegra – Chief Operating Officer […]
Pan American and Agnico Terminate Gold Fields Transaction
(Pan American Silver, 8.Nov.2022) — Pan American Silver Corp. (TSX: PAAS) (Nasdaq: PAAS) and Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) announced that the arrangement agreement with Yamana Gold Inc. which Yamana entered into earlier today (the “Pan American-Agnico Arrangement Agreement“) has become effective upon the termination today by Gold Fields […]
Occidental Reveals 3Q:22 Results
(Oxy, 8.Nov.2022) — Occidental (NYSE: OXY) announced net income attributable to common stockholders for the third quarter of 2022 of $2.5bn, or $2.52 per diluted share, and adjusted income attributable to common stockholders of $2.5bn, or $2.44 per diluted share. This is compared to net income attributable to common stockholders […]
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Ecopetrol Reports Strong 3Q:22 Results [PDF Downloads]
(Ecopetrol, 8.Nov.2022) — Ecopetrol Group figures for September 2022 undoubtedly indicate an outstanding operating and commercial performance that supports our historical financial results. During the first nine months of 2022, the company reached pre-pandemic production levels and obtained net income of COP 26.6tn. These achievements are the result of: i) […]
CEPM to secure a Green Loan from BofA and Eyes Goal of Net Zero by 2030
(Bank of America, 7.Nov.2022) — InterEnergy Group, a clean energy project developers, operators and owners in the Caribbean, Central and South America, and Bank of America, one of the world’s leading financial institutions, announced today in Sharm el-Sheikh, Egypt at the COP27 United Nations Climate Change Conference, that InterEnergy’s Dominican Republic-based utility, Consorcio Energetico Punta Cana Macao […]
Sandstorm Gold Royalties Reveals Record 3Q:22 Results
(Sandstorm, 7.Nov.2022) — Sandstorm Gold Ltd. (NYSE: SAND) (TSX: SSL) has released its results for the third quarter ended 30 September 2022 (all figures in U.S. dollars). THIRD QUARTER HIGHLIGHTS Record attributable gold equivalent ounces of 22,606 ounces (Q3 2021—15,514 ounces); Record revenue of $39mn (Q3 2021—$27.6mn); Cash flows from operating activities, excluding changes in non-cash […]
Bristow Launches Helicopter Services for Netherlands Coastguard
(Bristow Group, 4.Nov.2022) — Bristow Group Inc. (NYSE: VTOL), the leading global provider of innovative and sustainable vertical flight solutions, today embarks on a new 10-year relationship with the Netherlands Coastguard, delivering critical helicopter SAR operations for people and communities across the country through its affiliate, Bristow Netherlands B.V. Highlights: — […]
AES Sees FY:22 Adj. EPS at or Near High End of Guidance Range
(AES, 4.Nov.2022) — The AES Corporation (NYSE: AES) today reported financial results for the quarter ended September 30, 2022. “With our strong year-to-date performance, we now expect our full year Adjusted EPS1 to come in at or near the high end of our guidance range of $1.55 to $1.65. Our renewables business continues to grow, and […]
Trinidad asks US to Allow Venezuelan Gas Imports for LNG Plant
(Reuters, 4.Nov.2022) — The government of Trinidad and Tobago is asking the United States to authorize Venezuelan gas imports to restart an idled liquefaction train in the Caribbean nation, four sources close to the talks said. Under U.S. sanctions, companies and governments must obtain authorization from the U.S. Department of […]
Astra to Buy SQM’s Remaining 20% in the Pampa Paciencia Gold Project
(Astra Exploration, 3.Nov.2022) — Astra Exploration Inc. (TSXV: ASTR) (OTCQB: ATEPF) has entered into a definitive purchase agreement with Sociedad Quimica y Minera de Chile S.A. (the “Seller”) with respect to the acquisition of a 20% interest and title to the Pampa Paciencia project located in Northern Chile. Astra Exploration Inc. currently […]
New Companies Apply to Qualify for Open Uruguay Round
(ANCAP, 3.Nov.2022) — In the 2nd Instance of 2022, ANCAP received the documentation from CNOOC, OXY, Qatar Energy, TotalEnergies and YPF to qualify in the Open Uruguay Round. All these companies have excellent operational record, a corporate environmental policy committed to the reduction of emissions in their operations, and take […]