(Energy Analytics Institute, 1.Nov.2024) — MDU Resources Group, Inc. successfully completed the spinoff of its construction services subsidiary, Everus Construction Group. As a result of [more…]
Month: October 2023
Marathon’s SVP Heppner Says Company Not Interested in Citgo Assets
(Energy Analytics Institute, 31.Oct.2023) — Marathon Petroleum Corporation’s senior vice president of strategy and business development, Dave Heppner, responded to questions from analysts during the [more…]
Mainstream’s JV Applies for 2.5 GW Wind Permit off Sweden’s East Coast
(Mainstream, 31.Oct.2023) — Freja Offshore, a 50-50 joint venture between Mainstream Renewable Power and Hexicon, has submitted a planning application for the up-to 2.5 GW [more…]
Petronas FutureTech 3.0 Accelerates Growth of Startups in Sustainable Innovations
(Petronas, 31.Oct.2023) — Petronas’ accelerator programme, Petronas FutureTech 3.0 selected at its Demo Day today 10 technology-driven startups that have shown the most potential in [more…]
Petronas Makes Oil Find in Suriname’s Offshore Block 52
(Petronas, 2.Nov.2023) — Petronas’ subsidiary, Petronas Suriname E&P B.V., has made an oil discovery at the Roystonea-1 exploration well in Suriname’s Block 52. The well, [more…]
Petrobras Comments on Extraordinary General Meetings
(Petrobras, 31.Oct.2023) — The Board of Directors of Petróleo Brasileiro S.A. (Petrobras) invites the company’s shareholders to meet at the Extraordinary General Meeting, to be [more…]
EAI’s NRGBriefs: Oct. 2023
(Energy Analytics Institute, 31.Oct.2023) — Energy briefs as well as others related to finance and projects during October 2023 including Vista‘s third quarter 2023 earnings [more…]
bp’ 3Q:23 Results: Focused on Delivery [PDF Downloads]
(bp, 31.Oct.2023) — Our results this quarter show how we are making progress on our strategy to transform from an international oil company to an [more…]
IMF on Staff-Level Agreement with the Democratic Republic of the Congo
(IMF, 31.Oct.2023) — End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed [more…]
Noble Corp. Reports 3Q:23 Results [PDF Download]
(Noble, 31.Oct.2023) — Noble Corporation plc (NYSE: NE, CSE: NOBLE) reported third quarter 2023 results. Highlights: Increasing quarterly dividend to $0.40 per share in the fourth [more…]
Denbury Shareholders Approve Merger with Exxon Mobil
(Reuters, 31.Oct.2023) — (DEN.N) said on Tuesday its shareholders approved the company’s merger with Exxon Mobil (XOM.N), with the deal closing expected on Nov. 2. Exxon Mobil [more…]
Venezuelan Oil Sanctions Relief at Risk as Court Suspends Opposition Primary Results
(S&P Global, 30.Oct.2023) — The Supreme Court of Justice (TSJ) in Venezuela ordered the suspension of the results of the opposition’s primary elections which was [more…]
JinkoSolar Announces 3Q:23 Financial Results
(JinkoSolar, 30.Oct.2023) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced its unaudited financial results for the third quarter ended 30 September 2023. Third Quarter 2023 Business Highlights Leveraging [more…]
Chevron, Angola Gov’t to Collaborate on Low-Carbon Opportunities
(Chevron, 30.Oct.2023) — Cabinda Gulf Oil Company Limited (CABGOC), a Chevron’s subsidiary in Angola, hosted in Luanda a signature of a Memorandum of Understanding (MOU) [more…]
Perenco Vietnam: Block 15-1 Reaches 400 MMbbl Production Milestone
(Perenco Vietnam, 30.Oct.2023) — Perenco Vietnam announced that as Block 15-1 marks its 25th anniversary, it has reached the significant production milestone of 400 million [more…]
Asia May Have Little to Cheer from Lifting of Venezuelan Oil Sanctions
(S&P Global, 30.Oct.2023) — Asia may have little to cheer following the lifting of the sanctions on Venezuelan oil as increased competition for those Latin [more…]
Tetra Reports 3Q:23 Results, Updates on Lithium Brine Unit
(TETRA, 30.Oct.2023) — TETRA Technologies, Inc. (NYSE:TTI) today announced third quarter 2023 financial results. Brady Murphy, TETRA President and Chief Executive Officer, stated, “In addition to [more…]
Azure Sustainable Fuels Solidifies Strategic Partnership with Savage
(Azure, 30.Oct.2023) — Azure Sustainable Fuels Corp. has formed a strategic partnership with global supply chain company, Savage, and its agribusiness, Bartlett. Together with the [more…]
Eni CFO Gattei Says Venezuela ‘Clearly Is Now An Opportunity’
(Energy Analytics Institute, 27.Oct.2023) — The CFO of Eni S.p.A., Francesco Gattei, commented on the situation in Venezuela during the Italian company’s third quarter 2023 [more…]
Rowley: LNG Restructuring Saving T&T
(Trinidad Guardian, 27.Oct.2023) — Prime Minister Dr Keith Rowley yesterday described the signing in early December of the agreements to restructure the shareholding in Atlantic [more…]
Guyana Greenlights Oil Drilling in Waters Claimed by Venezuela
(AFP, 27.Oct.2023) — The new find, as well as some of the drilling concessions, are in a disputed area whose possible annexation Venezuela is putting to a [more…]
ExxonMobil Announces 3Q:23 Results [PDF Downloads]
(ExxonMobil, 27.Oct.2023) — Exxon Mobil Corporation announced third-quarter 2023 earnings of $9.1bn, or $2.25 per share assuming dilution. Cash flow from operations was $16bn, up [more…]
Chevron Reveals 3Q:23 Results, Comments on Hess Deal [PDF Downloads]
(Chevron, 27.Oct.2023) — Chevron Corporation (NYSE: CVX) reported earnings of $6.5bn ($3.48 per share – diluted) for third quarter 2023, compared with $11.2bn ($5.78 per [more…]
Pemex Reports 3Q:23 Results [PDF Downloads]
(Pemex, 27.Oct.2023) —In the third quarter of 2023 (3Q23), Petróleos Mexicanos‘ operating performance was positive, supported by a responsible financial policy. In exploration and production, [more…]
bp Boosts EV Charging Network with $100mn Order from Tesla
(bp, 26.Oct.2023) — Today bp (NYSE: bp) announced a deal in which bp pulse, bp’s EV charging business, will acquire ultra-fast charging hardware units from [more…]
Repsol CEO Josu Jon Imaz Comments on Venezuelan Opportunities
(Energy Analytics Institute, 26.Oct.2023) — Repsol SA CEO Josu Jon Imaz updated the analyst community on the Spanish company’s situation in Venezuela during a recent [more…]
Petrobras Releases 3Q:23 Production and Sales Report [PDF Download]
(Petrobras, 26.Oct.2023) — In 3Q23, average production of oil, NGL and natural gas reached 2.88 MMboed, 9.1% higher than in 2Q23, mainly due to the [more…]
Petrobras on CARF Judgment Result
(Petrobras, 26.Oct.2023) — Petrobras informs that, in a session held today, the Second Panel of the Superior Chamber of Tax Appeals (CSRF), a body of [more…]
Petronas Forms Integrity Alliance with Industry Players
(Petronas, 26.Oct.2023) — Petronas has formed an Integrity Alliance with its vendors to push for a greater governance and integrity culture within the oil and [more…]
Eni Inks Deal to Ensure Further LNG Volumes from Indonesia
(Eni, 26.Oct.2023) — Eni signed a 0.8 billion cubic meters (bcm) LNG sales and purchase agreement with Merakes LNG Sellers, starting from January 2024 for [more…]
Eni’s BODs on Distribution
(Eni, 26.Oct.2023) — Eni’s Board of Directors, chaired by Giuseppe Zafarana, resolved to distribute to Shareholders the second of the four tranches of the provision [more…]
Petrobras on Talks with Bolivia’s YPFB
(Petrobras, 26.Oct.2023) — Petróleo Brasileiro S.A. (Petrobras), regarding the pieces of news published in the media, informs that a mission of Petrobras executives was carried [more…]
France’s TotalEnergies Reports 3Q:23 Results [PDF Download]
(TotalEnergies, 26.Oct.2023) — Paris-based TotalEnergies reported its financial and operational details for the third quarter of 2023. ____________________
TotalEnergies on Interim Dividend of €0.74/share for Fiscal Year 2023
(TotalEnergies, 26.Oct.2023) — The TotalEnergies‘ Board of Directors meeting on 25 October 2023 under the chairmanship of Mr. Patrick Pouyanné, Chairman and Chief Executive Officer, [more…]
TotalEnergies Pursues Its Integrated Power Strategy in Germany
(TotalEnergies, 26.Oct.2023) — TotalEnergies has signed agreements with the Aloys Wobben Foundation (AWS) to acquire the entire share capital of the German company Quadra Energy. [more…]
TotalEnergies Commissions its LNG Floating Terminal in the Port of Le Havre
(TotalEnergies, 26.Oct.2023) — TotalEnergies announces the commissioning of the Cape Ann, its floating storage and regasification unit (FSRU) for liquefied natural gas (LNG) located in [more…]
ExxonMobil Deal a Sign of Strength for US Oil Production
(WoodMac, 16.Oct.2023) — On the day last week that ExxonMobil announced it had reached a deal to pay US$64.5bn for Pioneer Natural Resources, there was a curiously [more…]
Big Oil: Upstream M&A Gets Serious
(WoodMac, 26.Oct.2023) — ExxonMobil’s and Chevron’s belief in the durability of upstream could hardly be better demonstrated by the game-changing acquisitions of two flagship US [more…]
Marathon Declares 3Q:23 Dividend
(Marathon, 25.Oct.2023) — Marathon Oil Corporation‘s (NYSE: MRO) board of directors has declared a dividend of 11 cents per share on Marathon common stock. The dividend is payable [more…]
Hess Reports 3Q:23 Operational Highlights [PDF Download]
(Hess, 25.Oct.2023) — Hess Corporation (NYSE: HES) reported net income of $504mn, or $1.64 per share, in the third quarter of 2023, compared with net [more…]
Baker Hughes Reports 3Q:23 Results [PDF Downloads]
(Baker Hughes, 25.Oct.2023) — Baker Hughes Company (Nasdaq: BKR) announced results today for the third quarter of 2023. Highlights: Orders of $8.5bn for the quarter, up 40% year-over-year. Revenue of $6.6bn for [more…]
TotalEnergies Awarded 25-year Renewable Deal in New York
(TotalEnergies, 25.Oct.2023) — TotalEnergies and its partners, Corio Generation and Rise Light & Power announce that New York State selected their Attentive Energy One project for a [more…]
CARICOM Comments on Guyana-Venezuela Board Dispute
(CARICOM, 25.Oct.2023) — The Caribbean Community (CARICOM) notes the decision of the Venezuelan National Assembly to conduct a popular referendum on defending Venezuela’s claim of [more…]
Nabors Reports 3Q:23 Results
(Nabors, 25.Oct.2023) — Nabors Industries Ltd. (NYSE: NBR) reported third quarter 2023 operating revenues of $734mn, compared to operating revenues of $767mn in the second quarter. The net loss [more…]
BP Fair Fund to Compensate Certain Investors in BP plc Ordinary Shares
(RCB Fund, 24.Oct.2023) — RCB Fund Services LLC, the Distribution Agent for the BP plc Fair Fund, announces the opening of the claims process for [more…]
Venture Global Closes $4bn Senior Secured Notes Offering
(Venture Global LNG, 24.Oct.2023) — Venture Global LNG, Inc. closed its offering of $4bn aggregate principal amount of senior secured notes which have been issued in two [more…]
CGG Joins Phase 3 of HNET Seismic Monitoring Network
(CGG, 24.Oct.2023) — CGG has joined Phase 3 of the HNET Horda Platform Region Project led by industry partners to monitor background seismicity at the [more…]
CNOOC Limited Releases 3Q:23 Operating Results
(CNOOC, 24.Oct.2023) — CNOOC Limited (SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announced its operating results for the third quarter of [more…]
Range Announces 3Q:23 Results [PDF Download]
(Range Resources, 24.Oct.2023) — Range Resources Corporation (NYSE: RRC) announced its third quarter 2023 financial results. ____________________
FMC Updates to 3Q:23 and YE:23 Outlook
(FMC, 23.Oct.2023) — FMC Corporation (NYSE:FMC) provided an update on third quarter expectations compared to its previously provided outlook. Revenue in the third quarter is [more…]
Argentina Lithium Engages Resource Stock Digest for Marketing Contract
(Argentina Lithium & Energy Corporation, 23.Oct.2023) — Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) has entered into a services agreement with Resource [more…]
Eni Inks LNG Deal Related to Qatar’s North Field East Expansion Project
(Eni, 23.Oct.2023) — Eni signed a long-term contract with QatarEnergy LNG NFE (5), the JV between Eni and QatarEnergy for the development of the North [more…]
Nucor Corp. Reports 3Q:23 Results
(Nucor, 23.Oct.2023) — Nucor Corporation (NYSE: NUE) announced consolidated net earnings attributable to Nucor stockholders of $1.14bn, or $4.57 per diluted share, for the third quarter of 2023. By [more…]
Venezuelan Oil-Sanctions Relief Was Just Announced. It Could Be Tested Soon
(Barron’s, 23.Oct.2023) — The U.S. administration’s new oil sanctions relief toward Venezuela is broad-ranging and impactful. It’s unlikely to have any immediate effect on international oil prices, [more…]
Welligence Says Hess Gives Chevron Atlantic Margin Exposure
(Energy Analytics Institute, 23.Oct.2023) — US-based Chevron Corporation will acquire Hess Corporation for US$60bn (including net debt), the second giant transaction of Oct. 2023 following [more…]
Venezuela’s Heavy Oil Output Rises Limited Following US Sanctions Relief: EIA
(EIA, 23.Oct.2023) — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) effectively lifted most U.S. sanctions on Venezuela’s energy sector on October 18 [more…]
Petrobras on Proposal to Revise its Bylaws to be Submitted to EGM
(Petrobras, 23.Oct.2023) — Petrobras informs that its Board of Directors has approved, by majority vote, the submission of a proposal to revise its Bylaws to [more…]
Chevron to Acquire Hess in $53bn All-Stock Deal
(Chevron, 23.Oct.2023) — Chevron Corporation (NYSE: CVX) has entered into a definitive agreement with Hess Corporation (NYSE: HES) to acquire all of the outstanding shares [more…]
Colombia Eyes Country’s First Offshore Wind Auction
(Energy Analytics Institute, 22.Oct.2023) — Colombia government expects to reveal detail about the first offshore wind energy auction in Colombia and Latin America. The Colombian [more…]
Eni Reports Sail Away of the Tango FLNG, Excalibur FSU Vessels to Congo
(Eni, 21.Oct.2023) — In the presence of Bruno Jean Richard Itoua, Minister of Hydrocarbons of the Republic of the Congo, Maixent Raoul Ominga, Managing Director [more…]
Fast Output Recovery Still Challenging in Venezuela
(WoodMac, 20.Oct.2023) — Addressing the US Treasury Department’s partially lifted sanctions on Venezuela’s oil and gas sector, Adrian Lara, principal research analyst, Latin America Upstream Oil [more…]
Nucor Exploring Potential Sites in the Pacific Northwest to Build New Rebar Micro Mill
(Nucor, 20.Oct.2023) — Nucor Corporation (NYSE: NUE) is exploring potential sites in the Pacific Northwest to build a new rebar micro mill with an annual capacity [more…]
Silver Viper Further Amends Rubi-Esperanza Option Agreement
(Silver Viper Minerals, 20.Oct.2023) — Silver Viper Minerals Corp. (TSXV: VIPR) (OTC: VIPRF) announced that, further to its press release April 6, 2023, it has amended [more…]
AG&P Group Announces Exciting Changes in Leadership
(AGP, 20.Oct.2023) — AGP international Holdings Pte Ltd. (AGPIH/AG&P Group) announced several changes in its leadership team. At the Group level, effective 15 October 2023, [more…]
SLB Reports Strong 3Q:23 Results [PDF Downloads]
(SLB, 20.Oct.2023) — SLB (NYSE: SLB) announced results for the third-quarter 2023 and SLB CEO Olivier Le Peuch commented: “Our third-quarter results continue to reflect strong year-to-date [more…]
Canacol On Canceling EPM Sales Contract, Strategic Entrance into Bolivia
(Canacol, 19.Oct.2023) — Canacol Energy Ltd. (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) announces that the long term take or pay gas sales contract with Empresas Publicas de Medellin [more…]
Glaucus-1 Well Confirms Extension of Gas Province Offshore Colombia
(Ecopetrol, 19.Oct.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) confirms that the Glaucus-1 well has verified the presence of natural gas in the deep waters of the [more…]
Enilive’s Diesel from 100% Renewable Raw Materials Powers Lannutti’s Fleet
(Eni, 19.Oct.2023) — Enilive (Eni Sustainable Mobility), through the Eni Fuel company, and Lannutti Group, a leading operator in the logistics and road transport sector, [more…]
Frontera on 3Q:23 Financial Results and Conf. Call
(Frontera, 19.Oct.2023) — Frontera Energy Corporation (TSX: FEC) announces that its third quarter 2023 results will be released after markets close on Thursday, 9 November 2023. [more…]
Trinidad Approved to Pay PDVSA
(Welligence, 19.Oct.2023) — Trinidad & Tobago (T&T) has received approval from the US government to pay PDVSA, the Venezuelan NOC, in cash for gas from Venezuela. [more…]
CNOOC Says Train 3 of Tangguh LNG Commences Production
(CNOOC, 19.Oct.2023) — CNOOC Limited (SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces that the first LNG cargo from the newly-built liquefaction train [more…]
CSI Compressco Reveals Quarterly Distribution, Schedules 3Q:23 Earnings Call
(CSI Compressco, 19.Oct.2023) — CSI Compressco LP (NASDAQ: CCLP) announced that the board of directors of its general partner has declared a cash distribution attributable to [more…]
FACTBOX: Top Candidates in Venezuela’s Opposition Primary
(Reuters, 19.Oct.2023) — Voters in Venezuela will on Sunday choose a unity candidate from among 10 hopefuls to represent the country’s opposition in 2024 presidential elections, when [more…]
Jinko Solar Reveals Some Estimates of Preliminary Financial Results
(JinkoSolar, 18.Oct.2023) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced that its majority-owned principal operating subsidiary Jinko Solar Co., Ltd. (Jiangxi Jinko) published estimates of certain [more…]
GITEX Impact Raises the Bar for Climate Tech and Sustainability Leadership
(GITEX, 18.Oct.2023) — Building on the momentum of COP28, GITEX GLOBAL debuted GITEX Impact, the region’s largest climate tech catalyst for sourcing clean energy solutions towards tackling [more…]
Biden Eases Sanctions on Venezuelan Oil, Republicans Howl
(Politico, 18.Oct.2023) — The Biden administration said Wednesday it will ease sanctions against companies that trade in oil produced in Venezuelan or invest in the [more…]