Year: 2023

Braskem Records Quarterly Recurring EBITDA of $140mn

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(Braskem, 9.Aug.2023) — Braskem S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest resin producer in the Americas and the world’s leading biopolymers producer, presents its 2Q23 Earnings Release. 2Q23 HIGHLIGHTS  CONSOLIDATED Recurring EBITDA of US$140 MM, about R$703 million. Lower than 1Q23 (US$205 MM) and 2Q22 (US$802 MM). Liquidity of US$2.9 bi, return on cash flow of […]

COP28 President-Designate Stands with Brazil’s Lula da Silva

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(COP28, 9.Aug.2023) — Following talks at the Amazon Cooperation Treaty Organization (ACTO) Summit in the city of BelĂ©m, COP28 President-Designate Dr. Sultan Al Jaber and Brazil’s President Lula da Silva have expressed their joint commitment to deliver a more equitable climate future, by putting nature at the core of the climate agenda at  COP28. COP28 President-Designate Dr. Sultan Al Jaber commends […]

Petrobras on Strategic Plan 2024-2028

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(Petrobras, 7.Aug.2023) — Petrobras, in relation to the news released in the media and as disclosed to the market on 06/01/2023, informs that the Strategic Plan 2024- 2028 will have as a driver, among others, the forecast of low-carbon CAPEX for the range between 6% and 15% of the total […]

CSI Continues Leverage Reduction

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(CSI, 7.Aug.2023) — CSI Compressco LP (NASDAQ: CCLP) announced second quarter 2023 results. Second Quarter 2023 Results: Total revenues were $96.8mn compared to $84.5mn in the second quarter 2022. Contract services revenue increased to $70.5mn compared to $64.3mn in the second quarter 2022. Net loss was $2.6mn compared to a net loss of $6.8mn in the second quarter 2022. Adjusted EBITDA was $32.5mn compared to $26.4mn in […]

Scala Data Centers Enables New Hyperscale Market in Chile

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(Scala Data Centers, 7.Aug.2023) — Scala Data Centers, the leading Latin American platform of sustainable data centers in the Hyperscale market, announces the start of the SSCLCR01 data center operations, located in Curauma, ValparaĂ­so region, Chile. Scala’s new data center, boasting an investment of $65mn and a robust 5MW of IT capacity, has […]

Authorities Approve JV between Aker Solutions, SLB and Subsea7

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(Aker, 4.Aug.2023) — Reference is made to the stock exchange release 30 August 2022 regarding the agreements to form a subsea joint venture with SLB and Subsea 7. Closing is subject to regulatory approvals.  Following clearance as of today by antitrust authorities in Brazil, all regulatory approvals/clearances required to close the transactions have […]

Hot Chili Starts Drill Program At Costa Fuego Project

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(Hot Chili Limited, 3.Aug.2023) ) — Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) announced that drilling has re-commenced across the western extension of the Cortadera porphyry resource, part of the Company’s Costa Fuego Copper-Gold Project located 600 km north of Santiago, at low elevation (<1,000 m) in the coastal range […]

Eni Revokes Force Majeure on Three Exploration Assets in Libya

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(Eni, 3.Aug.2023) — Eni formalized with its Libyan counterpart NOC the revocation of force majeure status on exploration areas A and B (onshore), and C (offshore), where Eni is the operator with a 42.5% stake, along with BP, 42.5%, and the Libyan Investment Authority with 15%. Force Majeure, declared in […]

Noble Reports 2Q:23 Results

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(Noble, 2.Aug.2023) — Noble Corporation plc (NYSE: NE, CSE: NOBLE) reported second quarter 2023 results. Robert W. Eifler, President and Chief Executive Officer of Noble Corporation plc, stated “Our second quarter results reflected solid operational and financial performance. Our recent initiation of a quarterly dividend starting at $0.30 per share, combined with $60mn of share […]

Bristow Group Reports 2Q:23 Results

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 (Bristow, 2.Aug.2023) — Bristow Group Inc. (NYSE: VTOL) reported net loss attributable to the company of $1.6mn, or $0.06 per diluted share, for its quarter ended June 30, 2023 (the “Current Quarter”) on operating revenues of $311.5mn compared to net loss attributable to the company of $1.5mn, or $0.05 per diluted share, for the quarter ended 31 March 2023 (the “Preceding […]

MPC Energy on Developments in Panama and El Salvador

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 (MPC Energy, 31.Jul.2023) — MPC Energy Solutions (MPCES, Company) announced its H1 2023 results today. MPCES generated 40.4 GWh of electricity from its power-generating projects in the first six months of 2023, corresponding to USD 3.5 million in revenues and USD 2.3 million EBITDA. The total revenue and EBITDA, including the Company’s trading activities […]

Ecopetrol on Operation to Sanction Hydrocarbon Theft and Smuggling

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 (Ecopetrol, 31.Jul.2023) — Considering the information known to public, the Board of Directors of Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reiterates the press release issued by the company yesterday, which stated that Ecopetrol, Cenit and Oleoducto de Colombia have actively collaborated with the different authorities for the execution of the “Bunkering Imperio” operation. In […]

TotalEnergies Named Most-admired Explorer in WoodMac Survey

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(WoodMac, 27.Jun.2023) — French major TotalEnergies has been named the upstream industry’s most-admired explorer and received the Discovery of the Year award in Wood Mackenzie’s industry-leading annual Exploration Survey. Dr. Andrew Latham, Senior Vice President, Energy Research, at Wood Mackenzie, said “For the third time in our industry-leading survey, TotalEnergies […]

Petrobras 2Q:23 Results [PDF Downloads]

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(Petrobras, 26.Jul.2023) — In 2Q23, average production of oil, NGL and natural gas reached 2.64 MMboed, 1.5% lower compared to 1Q23, mainly due to higher volume of losses from stoppages and maintenance, the natural decline of mature fields and divestments. Those effects were partially offset by the ramp-up of P-71, […]

Vietnam Aims to Raise Raw Rare Earths Output to 2 MMt/y by 2030

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(Reuters, 24.Jul.2023) — Vietnam aims to raise its rare earths production to 2.02 million tonnes a year by 2030, according to a government plan reviewed by Reuters, as it seeks to tap one of the world’s largest reserves of key industrial metals. The Southeast Asian country has the world’s second-largest […]

Eni’s Chairman Welcomes Visit of Minister of Economy

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(Eni, 21.Jul.2023) — Eni’s Chairman, Giuseppe Zafarana, and CEO Claudio Descalzi welcomed the Minister of Economy and Finance, Giancarlo Giorgetti, the President of Lombardy, Attilio Fontana, the Councillor for Economic Development of Lombardy, Guido Guidesi, and the Mayor of San Donato Milanese, Francesco Squeri, to Eni’s Research Centre in Bolgiano to […]

Equinor Buys Rio Energy Including Selected Assets

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(Equinor, 21.Jul.2023) — Equinor signed an agreement with Denham Capital to acquire Rio Energy, a leading onshore renewables company in Brazil. The transaction includes selected assets and the team, while Denham Capital will retain certain assets. With the acquisition, Equinor strengthens its position as a broad energy company in the Brazilian market. […]

TGS Announces 2Q:23 Results

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(TGS, 20.Jul.2023) — TGS reported interim financial results for Q2 2023. The quarter reflected a continued improvement in market conditions, with strong growth in both POC revenues (1) and contract inflow. Financial highlights: POC revenues (1) were 241mn compared to 136mn in Q2 2022 POC EBITDA of USD 132mn versus USD 103mn […]

BW Energy Starts Third Well in Hibiscus Development

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(BW Energy, 20.Jul.2023) — BW Energy announced that production has safely started from the third well of the Hibiscus / Ruche Phase 1 development in the Dussafu licence offshore Gabon. Well performance is in line with expectations with current production at approximately 6,000 barrels per day.  The DHIBM-5H well was drilled […]

Who are Venezuela Creditors Seeking to Seize Citgo?

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(Reuters, 19.Jul.2023) — The U.S. on Wednesday approved a three-month extension to a license protecting Citgo Petroleum from creditors seeking to seize the oil refiner’s assets. The document comes as a negotiation team representing Venezuela progresses in talks with bondholders and creditors with arbitration awards from expropriation claims, a move to avoid a breakup […]

Transocean Reveals $518mn Ultra-Deepwater Contract

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(Transocean, 18.Jul.2023) — Transocean Ltd. (NYSE: RIG) announced that an independent operator awarded a 1,080-day contract for a high-specification seventh-generation, ultra-deepwater drillship in the Gulf of Mexico offshore Mexico. One of three drillships will be selected by Transocean from among Deepwater Invictus, Deepwater Thalassa, and Deepwater Proteus no later than one year prior to the earliest date in the commencement window. […]

Jubilee Field Producing Over 100,000 B/D

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(Tullow, 17.Jul.2023) — Tullow provided an update on production from its Jubilee field following the recent start-up of the Jubilee South East (JSE) Project, offshore Ghana. Gross production from the field has surpassed 100,000 bopd, after a second JSE production well was brought onstream. Both of the JSE wells are performing […]

DNO ASA Provides 2Q:23 Trading Update

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(DNO ASA, 17.Jul.2023) — DNO ASA, the Norwegian oil and gas operator, will publish its Q2 2023 operating and interim financial results on 17 August at 07:00 (CET). A videoconference call with executive management will follow at 10:00 (CET). The company issues below an update on production and sales volumes for […]

Chesapeake Achieves Grade “A” MIQ

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(Chesapeake, 17.Jul.2023) — Chesapeake Energy Corporation (NASDAQ: CHK) today announced that it has achieved recertification of its natural gas production across the entirety of its Marcellus operations, which averaged approximately 4.4 billion cubic feet (bcf) of gross natural gas per day during the first quarter of 2023. The company received a grade A […]

TotalEnergies, Aramco and SABIC Process Oil from Plastic Waste

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(TotalEnergies, 17.Jul.2023) — TotalEnergies, Aramco and SABIC have for the first time in the Middle East and North Africa successfully converted oil derived from plastic waste into ISCC+ certified circular polymers. The plastic pyrolysis oil, also called plastic waste derived oil (PDO), was processed at the SATORP refinery jointly owned by […]

Tethys Provides Oman Production Update June 2023

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(Tethys Oil, 17.Jul.2023) — Tethys Oil’s share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman, in June 2023 amounted to 262,861 barrels of oil, corresponding to 8,762 barrels of oil per day. The Official Selling Price (OSP) for Oman Export Blend Crude Oil for the […]

Shell Signs 12-Year Deal to Supply Morocco with LNG

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(Morocco World News, 14.Jul.2023 ) —  has entered into a 12-year agreement to provide the country with 0.5 billion cubic meters (bcm) of liquefied natural gas (LNG) annually. The deal was signed by the National Electricity and Drinking Water Office (ONEE) and Shell and it aims to support Morocco’s energy needs […]

Wintershall Dea Spuds Bergknapp Discovery Well

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(Energy Analytics Institute, 13.Jul.2023) ) — Wintershall Dea spud an appraisal well at the Bergknapp discovery in the Norwegian Sea. With estimated resources of between 38 MMboe and 72 MMboe in the Garn and Tilje formations, the discovery is one of the biggest in Norway this decade.  “The appraisal will test if it could […]

ExxonMobil Reveals $4.9bn Purchase of Denbury

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(Exxon Mobil, 13.Jul.2023) — Exxon Mobil Corporation (NYSE: XOM) entered into a definitive agreement to acquire Denbury Inc. (NYSE: DEN), an experienced developer of carbon capture, utilization and storage (CCS) solutions and enhanced oil recovery. The acquisition is an all-stock transaction valued at $4.9bn, or $89.45 per share based on ExxonMobil’s closing […]

NextDecade Takes RGLNG Phase 1 $18.4bn FID [PDF Download]

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(NextDecade, 12.Jul.2023) — NextDecade Corporation (NASDAQ: NEXT) has made a positive final investment decision (FID) to construct the first three liquefaction trains (Phase 1) at the company’s 27 million tonnes per annum (MTPA) Rio Grande LNG (RGLNG) export facility in Brownsville, Texas. Today, the company: Executed and closed a joint venture agreement […]

Tullow’s Provides Operations Update

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(Tullow, 12.Jul.2023) — Tullow issues the following statement in advance of the Group’s 2023 Half Year Results scheduled for 13 September 2023. The information contained herein has not been audited and may be subject to further review and amendment. Rahul Dhir, Chief Executive Officer of Tullow, commented today: “This is an exciting […]

Petro Victory Energy Corp Appoints New COO

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(Petro-Victory, 11.Jul.2023) — Petro-Victory Energy Corp. (TSXV: VRY) announced the appointment of Mr. Andre Naslausky as Chief Operating Officer. With a distinguished international career in the oil and gas industry, Mr. Naslausky has consistently demonstrated his ability to drive profitable growth and operational excellence. Highlights Former Vice President of Schlumberger […]

Shipowners’ Associations and Eni to Decarbonize Maritime Sector

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(Eni, 11.Jul.2023) — Eni presented a document titled “The route to net zero. Decarbonizing the maritime sector” in collaboration withAssarmatori and Confitarma as well as three of the largest companies in the maritime sector (Wärtsilä, WinGD and MAN Energy Solutions) and Unem, Federchimica/Assogasliquidi, Assocostieri and RINA. The contributors oversaw the work of […]

Technip and LanzaTech Join Forces on CO2-to-Ethylene

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(Technip Energies, 11.Jul.2023) — Technip Energies and LanzaTech Global, Inc. signed a joint collaboration agreement to create a new pathway to sustainable ethylene utilizing their combined technologies. Together LanzaTech’s carbon capture and utilization technology with Technip Energies’ Hummingbird® technology transform waste carbon into ethylene, the most common building block in petrochemicals. Ethylene is a building block […]

Rio Grande Valley LNG Projects Hit with Legal Lawsuits

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(Sierra Club, 11.Jul.2023) — Today, groups filed two federal lawsuits challenging the decision by the Federal Energy Regulatory Commission (FERC) to approve two liquified gas (LNG) export terminals, Texas LNG, Rio Grande LNG, and the associated Rio Bravo Pipeline. These projects are proposed at the Port of Brownsville in Texas and on lands […]

Norway Reports Largest Hydrocarbon Find in a Decade

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(DNO ASA, 10.Jul.2023) — DNO ASA, the Norwegian oil and gas operator, announced a significant gas and condensate discovery on the Carmen prospect in the Norwegian North Sea license PL1148 in which the company holds a 30 percent interest. Preliminary evaluation of comprehensive data, including cores and fluid samples, acquired from the discovery well and a follow-on extended sidetrack indicates gross recoverable resources […]

Dominion Energy to Divest Remaining Interest in Cove Point

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(Dominion Energy, 10.Jul.2023) — Dominion Energy (NYSE: D) concluded a robust and competitive sale process and executed a definitive agreement to sell its 50% noncontrolling limited partner interest in Cove Point LNG, LP, to Berkshire Hathaway Energy, which currently operates the facility and owns a 100% general partner and 25% limited partner […]