(TotalEnergies, 16.Sep.2022) — TotalEnergies, along with its partners, has signed an Exploration and Production Sharing Agreement (EPSA) with the Ministry of Energy and Minerals (MEM) of the Sultanate of Oman in the onshore Block 11. The first stage of the EPSA activities will see seismic acquisition in late 2022, with […]
Year: 2022
CGG and University of Edinburgh Start Hydrogen Storage Research
(CGG, 16.Sep.2022) — CGG and the University of Edinburgh commenced an industry-leading project to undertake research into the subsurface storage of hydrogen in depleted gas fields. Hydrogen can be generated from electrolysis using renewable energy sources (‘green hydrogen’) and can help to alleviate the intermittent nature of renewable energy such […]
Petrobras Closes Offering of Commercial Notes
(Petrobras, 16.Sep.2022) — Petrobras, continuing the notices released on 19 August 2022 and 9 September 2022, hereby informs that the public offering of public distribution, with restricted distribution efforts, of the first (1st) issuance of book-entry commercial notes (Issuance), without collateral and personal guarantee, in two series (Book-entry Commercial Notes) […]
Seaspan Updates on Dual-Fuel LNG Newbuilds Orders
(Energy Analytics Institute, 15.Sep.2022) — Seaspan Corporation, a wholly-owned subsidiary of Atlas Corp. ( NYSE: ATCO), revealed details related to Atlas’ 17 May 2022 press statement regarding contracts for four 7,700 TEU dual-fuel LNG containership newbuildings, subject to certain closing conditions. “Due to certain conditions in the contracts not being […]
Air Liquide Joins Fight Against Climate Change
(Air Liquide, 15.Sep.2022) — As a sign of the success of our efforts, Air Liquide has been awarded by the CDP (former Carbon Disclosure Project), with an “A-” rating in two categories, climate change and water management. This score recognizes the highest level (“Leadership Level”) of the Group’s commitment to […]
Iraq: TotalEnergies Sells Interest in Sarsang Oil field
(TotalEnergies, 15.Sep.2022) — TotalEnergies completed the divestment of its 18% interest in the onshore Sarsang oil field in the Kurdistan region of Iraq, to ShaMaran Petroleum Corp., a company listed in Canada and Sweden and focused on oil exploration and development in Kurdistan, for a firm consideration of $155mn. An […]
Maersk Secures Five-well Drilling Work Scope with Petrogas
(Maersk, 15.Sep.2022) — Maersk Drilling and Petrogas E&P Netherlands B.V. agreed to an amendment of the previously entered contract for the provisioning of the harsh-environment jack-up rig Maersk Resolute, under which an option included in that contract will be replaced by a newly entered five-well drilling contract which will employ Maersk […]
Trinidad PM Rowley Engages in Energy Talks with US VP Harris
(Office of the PM of Trinidad and Tobago, 15.Sep.2022) — Prime Minister Dr the Hon. Keith Rowley joined other regional leaders at a meeting with US Vice President, Kamala Harris today (Thursday 15 September, 2022) in Washington, DC. The CARICOM leaders had open discussions with Vice President Harris on matters […]
TechnipFMC Inks Subsea Deal for Lapa North East Development
(Energy Analytics Institute, 14.Sep.2022) — TechnipFMC (NYSE: FTI) was awarded a significant engineering, procurement, construction and installation (EPCI) contract valued between $75mn-$250mn by TotalEnergies for the French company’s Lapa North East field in the pre-salt Santos Basin offshore Brazil. Under the deal TechnipFMC will reconfigure and install umbilicals and flexible […]
US Energy Development Corp. Buys Permian Assets
(US Energy, 13.Sep.2022) — US Energy Development Corporation, an exploration and production (E&P) company focused on the development of energy projects throughout North America, announced the acquisition of three separate asset packages totaling more than $60mn in the core of the Permian/Delaware Basin region. The new acquisitions involve partnering with […]
GoldMining Extends Mineralization At La Mina Project, Colombia
(GoldMining Inc., 13.Sep.2022) — GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) announced additional assay results from its recently completed five hole 3,485 metre (m) drilling program on the La Garrucha target, located less than one kilometre to the east of existing mineral resources on the company’s 100% owned La Mina […]
Major Shareholder Announcement from Maersk
(Maersk, 13.Sep.2022) — Pursuant to Sections 30 and 38 of the Danish Capital Markets Act and Section 55 of the Danish Companies Act, The Drilling Company of 1972 A/S (“Maersk Drilling”) hereby announces receipt of the following notifications following the announcement of the preliminary results of the recommended voluntary public […]
Rowley: TT Must Secure Energy Future Now
(Trinidad and Tobago Newsday, 13.Sep.2022) — The Prime Minister is warning that unless investments are secured, declining natural gas levels could have dire consequences for the future of TT’s economy. Dr Rowley gave this grim warning at a media conference on Monday at the Diplomatic Centre, St Anns where he […]
Trinidad and Tobago PM’s Gas Warning
(Trinidad Express, 13.Sep.2022) — Prime Minister Dr Keith Rowley says if Trinidad and Tobago’s natural gas prospects do not improve in the next few years, this will have far-reaching consequences for Government revenues and for the quality of life of all citizens. Rowley said yesterday that this was why his […]
Voltus Helps Prevent Blackouts During California’s Heat Wave
(Voltus, 13.Sep.2022) — Voltus, Inc., a distributed energy resource (DER) software platform, today announced its efforts to support the California Independent System Operator (“CAISO”) during the record-breaking September heat wave. Across more than 80 discrete events between 31 August and 9 September, Voltus dispatched its entire portfolio, comprising nearly 430 […]
Guyana’s First Innovation Village at the Heart of Silica City
(Guyana Innovation Group, 13.Sep.2022) — The Innovation Village hopes to prepare citizens for a knowledge-based economy, foster a new tech startup scene, host innovative organizations from around the world and deliver the country a non-oil economy “sandbox” that will provide local and global solutions. In recent times, Guyana discovered one […]
Llano-6 Well, Gulf of Mexico, Achieves First Production
(Hess, 13.Sep.2022) — The Llano-6 well in the Gulf of Mexico delivered first production on 4 Augustm 2022. The well is a tieback to Shell’s Auger facility. This latest achievement builds upon Hess’ Gulf of Mexico (GoM) business, which is planning increased activity based on the success of the well, […]
Interoil’s August 2022 Production Report
(Interoil, 12.Sep.2022) — In August 2022, the average daily operated production from fields in Argentina and Colombia combined decreased by 48 boepd representing a decline of less than two percent compared with July. This is explained by some operational changes in Argentina especially in the Santa Cruz operation. In Argentina, […]
Hornbeck Offshore Releases Inaugural Sustainability Report
(Hornbeck, 12.Sep.2022) — Hornbeck Offshore Services, Inc. has released its inaugural sustainability report, highlighting the company’s environmental, social and governance accomplishments, and establishing a baseline for its future sustainability reporting. The inaugural report, entitled, “Taking Stock,” recognizes Hornbeck Offshore’s long-standing commitment to operating responsibly and outlines the company’s existing programs […]
ADNOC and Eni Exploring Options to Boost Gas Supply
(Eni, 12.Sep.2022) — His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Abu Dhabi National Oil Company (ADNOC) Managing Director and Group CEO, and Claudio Descalzi, Eni‘s Chief Executive Officer, met in Abu Dhabi today to discuss the progress of the company’s activities in […]
Sercel Finalizes Acquisition of ION’s Software Business
(CGG, 12.Sep.2022) — CGG announced that Sercel, its Sensing & Monitoring division, has completed the acquisition of ION Geophysical Corporation’s software business. ION’s software business includes: – Orca: a navigation system dedicated to streamers – Gator: a navigation system dedicated to OBN – Mesa: a set of tools for optimizing […]
Trinidad PM Rowley’s Statement on Chats with Proman, BP & Shell
(Office of the PM of Trinidad and Tobago, 12.Sep.2022) — Ministerial interaction with oil, gas and petrochemical majors (Proman, BP & Shell) based in Europe. Proman – Zurich and Düsseldorf Proman is heavily invested in the oil and gas sector of Trinidad and Tobago in both the upstream and downstream. […]
Petrobras Downplays UFN-III Sale
(Energy Analytics Institute, 9.Sep.2022 — Brazil’s state owned Petrobras said rumors that it’s about to close the divestment process related to Nitrogen Fertilizer Unit III (UFN-III) with Yara Fertilizers were untrue. “As disclosed to the market on 29 August 2022, the project is in the binding phase, and has not […]
Petrobras on Commercial Notes Bookbuilding
(Petrobras, 9.Sep.2022) — Petrobras, in continuation of the notice released on 19 August 2022, hereby informs that it was concluded, on this date, the bookbuilding procedure of the 1st issuance of book-entry commercial notes (Issuance), without collateral and personal guarantee, in up to two series (Book-entry Commercial Notes), subject to […]
US DOE Distributes $13.5mn to Support Hydroelectric Facilities
(US DOE, 9.Sep.2022) — The U.S. Department of Energy (DOE) announced the distribution of $13.5mn in incentive payments to 55 hydroelectric facilities through the Hydroelectric Production Incentive Program. The Hydroelectric Production Incentive Program supports hydropower development by providing funding for electricity generated and sold from dams and other water infrastructure throughout […]
Pattern Closes Financing of Japan’s Largest Offshore Project
(Pattern Energy, 9.Sep.2022) — Pattern Energy Group LP and its affiliate in Japan, Green Power Investment Corporation (GPI), has completed financing and begun full construction of its 112 megawatt (MW) Ishikari Offshore Wind project, located approximately three kilometers from the shore of the Ishikari Bay in Hokkaido, Japan. Ishikari Wind will feature […]
EXMAR Reveals Half-year 2022 Results
(EXMAR, 9.Sep.2022) — The Board of Directors of EXMAR approved the interim accounts for the period ending June 30, 2022. The interim condensed consolidated financial statements have not been subjected to an audit or a review by the statutory auditor. ____________________
Equinox Gold Reports on Illegal Blockade, Suspension of Operations at Los Filos Mine
(Energy Analytics Institute, 8.Sep.2022) — Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) announced mining activities at its Los Filos Mine in Mexico have been temporarily suspended due to an illegal blockade by members of the nearby Mezcala community. Equinox said 8 September 2022 in an official statement that the […]
Pemex Acknowledges Releasing Methane Plume
(The Associated Press, 8.Sep.2022) — Mexico’s state-owned Petroleos Mexicanos oil company acknowledged Thursday it released a plume of methane, a potent greenhouse gas, in the Gulf of Mexico late last year, but said it was far smaller than Spanish researchers said. A report published in June by Spanish university researchers in the […]
Petrobras to Maintain Albacora Concession
(Petrobras, 8.Sep.2022) — Petrobras, following up on the release disclosed on 5 November 2021, informs that its Executive Board approved today the end of the competitive process for the sale of the Albacora concession, which will be maintained in its entirety in Petrobras’ portfolio. The company was negotiating with PetroRio […]
Petrobras on Divestment of Potiguar Basin Exploration Assets
(Petrobras, 8.Sep.2022) — Petrobras, following up on its release from 16 August 2022, informs the extension of the deadlines, contained in items AA and AC of the teaser, for the expression of interest in participating in the opportunity to sell 40% of its interest in the BM-POT-17 exploratory concessions, where […]
Maersk Secures Extension with Shell for Maersk Voyager Drillship
(Maersk Drilling, 8.Sep.2022) — Shell has exercised an option to extend the provisioning of the 7th generation drillship Maersk Voyager for drilling services offshore Mexico. The contract extension is expected to commence in April 2023, in direct continuation of the rig’s current contract, with a firm duration of six months. The contract […]
Sempra Declares Common and Preferred Dividends
(Energy Analytics Institute, 7.Sep.2022) — The board of directors of Sempra (NYSE: SRE) (BMV: SRE) declared a $1.145 per share quarterly dividend on the company’s common stock, which is payable 15 October 2022 to common stock shareholders of record at the close of business on 23 September 2022. The board also […]
Bristow Awarded Multi-Year Search and Rescue Contract
(Bristow, 7.Sep.20220 — Bristow Group Inc. (NYSE: VTOL), a global provider of innovative and sustainable vertical flight solutions, announced an award from Equinor to provide search and rescue services offshore at the Johan Sverdrup and Statfjord B platforms, located in the Norwegian North Sea off the west coast of Norway. […]
Park Systems Opens Applications Lab at Northeastern University
(Park Systems, 7.Sep.2022) — Park Systems, a supplier of Atomic Force Microscopes announced the opening of their new Eastern Regional Lab at Northeastern University‘s 14-acre Innovation Campus in Burlington, MA. The new facility is located on Boston’s Route 128 high-tech corridor, 15 miles north of the city in Building V, a new $70mn, mixed-research building with 40,000+ […]
GoGold Reports Additional Positive Drilling at El Favor East
(Energy Analytics Institute, 7.Sep.2022) — GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) revealed results of 7 drill holes from the El Favor East deposit within Los Ricos North property. Hole LRGF-22-136 intersected 1.1m of 1,625 g/t silver equivalent (“AgEq”) contained within 47.6m of 147 g/t AgEq, and hole LRGF-22-124 intersected 0.9m of 1,835 g/t AgEq contained […]
Colombia Government, Civil Society Talk Energy Transition
(Fossil Fuel Treaty.Org, 6.Sep.2022) — A unique and historic breakthrough is happening in Colombia where local and international experts, national government, and civil society are coming to the table to discuss Colombia’s energy transition within 15 years. Given the global energy crises and the climate emergency, Colombia’s ambitious plans make […]
Argentina Eyes Record Output from Vaca Muerta
(Reuters, 6.Sep.2022) — Argentina is on track to hit record oil output this year from its massive shale deposits, which are already responsible for record natural gas production, a key local official said on Tuesday, amid a national push to grow domestic energy supplies. Located in western Neuquen province, the […]
Reminder of Expiry of Offer Period: Maersk Drilling
(Maersk Drilling, 5.Sep.2022) — Reference is made to company announcement no. 10/2022 regarding the recommended voluntary public share exchange offer (the “Exchange Offer”) by Noble Corporation plc (“Topco”) to the shareholders of The Drilling Company of 1972 A/S (“Maersk Drilling”) and company announcement no. 11/2022 regarding the offer document setting […]
Petrobras on Chief Digital Transformation, Innovation Officer
(Petrobras, 5.Sep.2022) — Petrobras announced its CEO Caio Mário Paes de Andrade has appointed Paulo Palaia for the position of Chief Digital Transformation and Innovation Officer, replacing Juliano Dantas. The nomination will be submitted to the internal corporate governance procedures, including the respective compliance and integrity analyses required for the […]
Web Influencers Visit Yangtze River Ecological Conservation
(Chinese Sturgeon Research Institute, 2.Sep.2022) — Recently, the ambassadors to China from Brazil, Georgia, Guatemala, Italy, Mexico, Pakistan, South Korea, Spain, and the United Kingdom, as well as online influencers and journalists from foreign media organizations, visited the Yangtze River Rare Fish Conservation Center (Chinese Sturgeon Research Institute) and the Yangtze River Rare Plant Research Institute in […]
Petronas Expands Strategic Alliance with YPF in Argentina
(Petronas, 1.Sep.2022) — Petronas signed a Memorandum of Understanding (MoU) with Argentina’s largest integrated oil and gas company YPF to pursue collaboration in Argentina in an integrated LNG project and other areas, including upstream oil, petrochemicals and clean energy solutions. The MoU was formalised by Petronas President and Group Chief […]
Canadian Solar Awarded Battery Storage Project in Chile
(Canadian Solar, 1.Sep.2022) — Canadian Solar Inc. (NASDAQ: CSIQ) was awarded a 253 MWp solar plus 1,000 MWh battery energy storage project (“Zaldivar Project”) in Chile’s public tender CNE 2022/01 held by Chile’s Energy National Commission (CNE) in July 2022. The CNE awarded a total of 777 GWh/year of new generation backed by three different new […]
CSI Compressco 2021 K-3 Investor Tax Packages Available Online
(CSI Compressco, 1.Sep.2022) — CSI Compressco LP (NASDAQ: CCLP) announced that the Partnership’s 2021 Schedule K-3 investor tax packages reflecting items of international tax relevance are now available online. They may be accessed through CSI Compressco’s website through the Investor Relations K-1 Tax Support link or directly through the K-1 Tax […]
Maverix Bolsters Growth with Purchase of Barrick Gold Portfolio
(Maverix Metals, 1.Sep.2022) — Maverix Metals Inc. (NYSE American: MMX) (TSX: MMX) has acquired a portfolio of 22 royalties from Barrick Gold Corp. for upfront cash consideration of $50mn and contingent consideration of up to $10mn depending on certain events occurring (the “Transaction”). The Royalty Portfolio includes royalties on development, advanced exploration and exploration stage […]
Seadrill Limited (SDRL) – Second Quarter 2022
(Seadrill, 1.Sep.2022) — Seadrill Limited (XOAS: SDRL), a leader in offshore drilling, provides financial results for the three months ended June 30, 2022. 2Q 2022 Highlights Strong operational performance in 2Q 2022, resulting in 98% technical utilization. Total operating revenues of $284mn, operating profit of $25mn and adjusted EBITDA[1] of $75mn, representing 26.4% EBITDA margin. Cash […]
IKAV acquires Aera Energy from Shell and ExxonMobil
(IKAV, 1.Sep.2022) — IKAV, the international asset management group, has agreed to acquire Aera Energy LLC, through two separate transactions with the joint venture subsidiaries of ExxonMobil and Shell respectively. The transactions are subject to regulatory approval. Aera is one of California’s largest oil and gas producers, accounting for nearly 25% of […]
Ryerson Acquires Howard Precision Metals
(Ryerson Holdings Corp., 1.Sep.2022) — Ryerson Holding Corporation (NYSE: RYI), a value-added processor and distributor of industrial metals, announced today its acquisition of Howard Precision Metals, Inc., one of the largest aluminum distributors in the Midwest. Based in Milwaukee, Wisconsin, Howard specializes in value-added processing services including high-quality precision cut aluminum plate and […]
Vizsla Silver Advances ESG Initiatives, Provides Corporation Update
(Vizsla Silver, 1.Sep.2022) —Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) anounced continued progression on its environmental, social and governance (“ESG”) initiatives through a newly formed partnership with MetaVu and Blockhead Technologies who are creating a bespoke ESG reporting platform for all Inventa Capital companies. Vizsla Silver will be the first […]
Chevron Applies for Venezuela License Renewal
(Reuters, 1.Sep.2022) — Chevron Corp has asked the U.S. government to expand its license to operate in Venezuela after the oil major agreed with state-run PDVSA to revamp joint ventures in the sanctioned country, six people close to the matter said. Chevron’s authorization request is the California-based company’s latest attempt to have […]