(Desert Mountain Energy, 19.Jun.2023) — Desert Mountain Energy Corp. (TSXV: DME) (U.S. OTC: DMEHF) (Frankfurt: QM01) has signed a binding letter of intent to purchase the Pecos Slope West Abo Gas Field and gas gathering system located in Chaves County, New Mexico. The company will close the purchase on 30 June 2023, from a privately […]
Year: 2023
Pamesa Group to Launch Hydrogen-Based Fuel
(Pamesa Group, 15.Jun.2023) — The Pamesa Group has become the first company worldwide to use a hydrogen-based fuel to replace natural gas in its production process in partnership with eCombustible Energy. This fuel is completely free of carbon emissions. Going forward, the Pamesa Group plans to implement this fuel in all its operations. eCombustible is […]
TotalEnergies Nigerian Find Largest in a Decade
(WoodMac, 16.Jun.2023) — Addressing TotalEnergies discovery at Ntokon in the shallow water Niger Delta, Gail Anderson, director of upstream research at Wood Mackenzie, said “Ntokon is likely to be Nigeria’s biggest shallow water discovery in a decade. Despite the lack of exploration in recent times, this discovery shows that there is still […]
Ecopetrol Requests Disbursement of Financing Line
(Ecopetrol, 16.Jun.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, as part of its strategy of integral debt management and refinancing of the 2023 maturities, it requests the disbursement of the resources associated to the financing line for an amount of COP 1tn, contracted with Bancolombia, that was announced to the market on 17 March […]
Guyana Postpones Offshore Auction to mid-August
(Reuters, 16.Jun.2023) — Guyana will postpone by about one month its first offshore oil blocks auction as the country finalizes new terms of the country’s oil and gas regulatory framework, Vice President Bharrat Jagdeo told Reuters on Friday. The South American nation has three times before delayed the offer of 14 offshore […]
Ecopetrol Informs Resignation of VP of Corporate Affairs
(Ecopetrol, 16.Jun.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that the Vice President of Corporate Affairs and General Secretary, MarĂa Paula Camacho Rozo, resigned from her position effective 5 July 2023, to assume a new professional challenge in another company. The company appreciates the management and achievements of Maria Paula during her 25 years of work […]
Petrobras on Remuneration Payment to Shareholders
(Petrobras, 16.Jun.2023) — Petrobras, following up on the Material Facts disclosed on 03/01/2023, 04/27/2023 and 06/12/2023, informs that today it has paid 2nd installment of complimentary dividends approved in the Annual General Meeting (AGM) held on 04/27/2023. The gross amount distributed today was adjusted by the Selic interest rate from […]
EverWind Supports Nova Scotia’s Offshore Wind Roadmap
(EverWind Fuels, 16.Jun.2023) — EverWind Fuels Company, Canada’s most advanced large-scale green hydrogen project, is supportive of Nova Scotia’s Offshore Wind Roadmap and the Province’s continued efforts to become a global leader in renewable energy. Nova Scotia is home to some of the world’s best offshore wind resources, with the potential to turn the province into a […]
NexGen on Voting Results from its 2023 Annual Meeting
(NexGen, 16.Jun.2023) — NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) announced the voting results from its Annual General and Special Meeting of Shareholders, held on 15 June 2023. Shareholders voted in favour of all matters of business before the Meeting. Each of those matters is set out in detail in the […]
WCI Charity to Support Communities in SE Asia
(WCI, 16.Jun.2023) — International non-profit organization Wildlife Conservation International (WCI) has announced the public launch of Forests for People, a new charitable entity in New Zealand to support and enhance the welfare of indigenous communities in Southeast Asia. The new charity can receive tax-deductible donations from individuals, businesses and philanthropic organizations in New Zealand and direct them to projects […]
Venezuela’s Dictator Maduro is Shameless
(Miami Herald, 16.Jun.2023) — It’s official: The Venezuelan regime will pick a new electoral tribunal to oversee the 2024 presidential elections, and — guess what! — its members will be effectively picked by none other than dictator Nicolás Maduro’s wife. The dictatorship apparently decided to rig next year’s elections ahead of […]
Should Gas Resource Holders Target LNG Exports or Blue Ammonia?
(WoodMac, 15.Jun.2023) — As Europe moves away from Russian gas and Asia reduces its dependency on coal, demand and investment in liquefied natural gas (LNG) continues to rise. But according to “Stick or twist: Should gas resource holders target LNG exports or blue ammonia?”, a new Horizons report from Wood Mackenzie, the acceleration of the energy transition […]
Patterson-UTI and NexTier Enter Merger Deal Valued at $5.4bn
(Patterson-UTI Energy, 15.Jun.2023) — Patterson-UTI Energy, Inc. (NASDAQ: PTEN) and NexTier Oilfield Solutions Inc. (NYSE: NEX) have entered into a definitive merger agreement to combine in an all-stock merger of equals transaction. The combined company, with an enterprise value of approximately $5.4bn, will be an industry leading drilling and completions services provider with operations in […]
Northstar on Execution of $8.75mn Term Sheet
(Northstar, 15.Jun.2023) — Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) entered into a term sheet with the Business Development Bank of Canada (BDC) for project financing of up to C$8.75mn in non-revolving senior secured debt. Proceeds from the BDC Financing will be used for the development and construction of the company’s planned asphalt shingle reprocessing facility […]
Canadian Solar Announces Manufacturing Facility in Texas
(Canadian Solar, 15.Jun.2023) — Canadian Solar Inc. (NASDAQ: CSIQ), headquartered in Guelph, Ontario, is establishing a solar PV module production facility in Mesquite, Texas. Canadian Solar is building a state-of-the-art solar photovoltaic module manufacturing plant with an annual output of 5 GW, equivalent to approximately 20,000 high-power modules per day. The new facility represents […]
Lithium South Enhanced Resource Update
(Lithium South, 15.Jun.2023) — Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) is providing an update on the recently completed exploration program and status of the updated Mineral Resource Estimate that is currently underway for the Hombre Muerto North Lithium Project (HMN Li Project) in Salta Province, Argentina. All core samples have been […]
FlexCharging Launches EVision Managed Charging Solution
(FlexCharging, 15.Jun.2023) — FlexCharging, a provider of Electric Vehicle (EV) managed charging, announced the release of its EV grid integration and demand response software solution, EVision. The cloud-based application enables electric utility cooperatives (co-ops) and municipal utilities to launch their own managed charging programs. Tim Ellis, Energy Resources Director at Poudre Valley REA, a […]
Phillips 66 Completes Acquisition of DCP Midstream Units
(Phillips 66, 15.Jun.2023) — Phillips 66 (NYSE: PSX) and DCP Midstream, LP (NYSE: DCP) completed the previously announced acquisition by Phillips 66 of all the publicly held common units representing limited partner interests in DCP Midstream for $41.75 per common unit in cash at a total value of approximately $3.8bn, increasing […]
Frontera to Conserve, Restore and Grow 1 Trillion Trees by 2030
(Frontera, 15.Jun.2023) — Frontera Energy Corporation (TSX: FEC) has joined the One Trillion Trees (1t.org) movement launched by the World Economic Forum in Davos, Switzerland, in January 2020, with the global goal of conserving, restoring and growing one trillion trees by 2030. It is estimated that six trillion trees covered the planet. Now only […]
FleetZero and EVoke Systems to Provide Zero Emission Fleets
(Evoke Systems, 15.Jun.2023) — A new partnership facilitates open and scalable platform solutions for energy management challenges that fleets face when adopting and utilizing EVs and EV charging infrastructure. EVoke Systems and FleetZero Inc. announced a strategic partnership that enables FleetZero to distribute EVoke System’s open and scalable cloud platform for electric vehicle (EV) charging, energy […]
Pattern Energy Opens New Houston Location in Montrose
(Pattern Energy, 14.Jun.2023) — Pattern Energy Group LP, a leader in renewable energy and transmission infrastructure, moved the location of its Houston office to the Montrose neighborhood. The new office, in the Montrose Collective at 888 Westheimer Road, is now home to Pattern Energy’s growing workforce of 150 employees in Houston in a space designed to […]
JinkoSolar Launches G2 Battery into the European Market
(JinkoSolar, 14.Jun.2023) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) officially launched its Second Generation of the High Voltage Energy Storage Battery into the European market. The upgraded product, JKR-B1250~2750-A (high voltage G2 battery) is a high-performance energy storage system designed for residential and small commercial applications. It features a self-developed Jinko HV battery […]
Canadian Solar Launches  Residential Energy Storage System EP Cube
(Canadian Solar, 14.Jun.2023) — Canadian Solar unveils its first residential energy storage system EP Cube, a self-designed-and-developed product by Eternalplanet, at Intersolar Europe 2023, marking another milestone in the European market. One of EP Cube’s remarkable advantages lies in its stylish design. The all-in-one design allows EP Cube to apply various […]
Mantra Closes Purchase of Bolivian PropertiesÂ
(Mantra, 13.Jun.2023) — Mantaro Precious Metals Corp. (TSXV: MNTR) (OTCQB: MSLVF) (FSE: 9TZ) closed its acquisition of two highly prospective licenses, being the East Trend and Media Sur properties, in the San Ramon Greenstone belt in Bolivia. Under the share purchase agreement with Jacob Garland (the “Vendor”), the company acquired all of the shares of […]
TotalEnergies Reveals Discovery Offshore Nigeria
(TotalEnergies, 13.Jun.2023) — TotalEnergies announces the Ntokon oil and gas discovery on OML102 offshore Nigeria. Located in shallow waters, 60 km off the southeast coast of Nigeria, the Ntokon-1AX discovery well encountered 38 meters of net oil pay and 15 meters of net gas pay, while its side-track Ntokon-1G1 encountered 73 meters […]
Air Products’ Equipment Selected for North Field South Project
(Air Products, 12.Jun.2023) — Air Products (NYSE: APD), the world’s leader in liquefied natural gas (LNG) technology and equipment, has been selected to provide its proprietary AP-X® LNG Process technology and equipment to Qatargas for the North Field South (NFS) Project in Ras Laffan, the State of Qatar. It includes the supply of two […]
Aker Awarded first SWIFT™ Contract by Equinor
(Aker Solutions, 12Jun.2023) — Aker Solutions has been awarded a contract by Equinor to deliver the first Submersible Wireless Installer for Tubing (SWIFT™) for 18 tubing hanger installations on the Johan Castberg field, an assignment expected to continue for two years, starting June 2024. Aker Solutions is thrilled to announce […]
Halliburton Wins Well Completion Contract for CCS Project
(Halliburton, 12.Jun.2023) — Halliburton Company (NYSE: HAL) has been awarded a contract to provide completions, liners, and monitoring products and services for the carbon capture and storage (CCS) system within the HyNet North West project in the Liverpool Bay (U.K.). The first CCS project commissioned in the U.K, the HyNet project […]
Mexico City Mayor Sheinbaum to Step Down Ahead of 2024 Elections
(Bloomberg, 12.Jun.2023) — Mexico City Mayor Claudia Sheinbaum will resign from her post on June 16 to start her presidential campaign ahead of next year’s election. “I have made the decision to permanently resign from my post on June 16 with the purpose of becoming the first female in the history of […]
Tethys Oil’s May 2023 Production Update
(Tethys Oil, 12.Jun.2023) — Tethys Oil’s share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman, in May 2023 amounted to 278,831 barrels of oil, corresponding to 8,995 barrels of oil per day. The Official Selling Price (OSP) for Oman Export Blend Crude Oil for the month […]
OCI Global Fuels First Ever Green Methanol Powered Container VesselÂ
(OCI Global, 12.Jun.2023) — OCI Global (Euronext: OCI) has announced it is fueling the first ever green methanol-powered container ship in a new partnership with A.P. Moller-Maersk. OCI will provide ISCC certified biomethanol to power the maiden voyage of Maersk’s first dual-fueled container ship, in a pioneering step towards the […]
COP28 Must Deliver for the Most Vulnerable:Â Al Jaber
(COP28 UAE, 11.Jun.2023) — COP28 President-Delegate, Dr. Sultan Al Jaber, met with heads of delegations and key negotiating groups including those from the Least Developed Countries (LDC) and Small Island Developing States (SIDS) at the Bonn UN Climate Change Conference, being held in the run up to COP28, emphasizing the need to engage and […]
TotalEnergies Inks 25-year PPA for a 1 GW Wind Project in Kazakhstan
(TotalEnergies, 9.Jun.2023) — TotalEnergies confirms its commitment to the energy transition in Kazakhstan with the signature of a Power Purchase Agreement (PPA) for the Mirny project. This will be the first PPA signed in the country for a wind project of such scale. Located in the Zhambyl region, the project aims to […]
The 1.5-degree Ambition is Becoming Increasingly Difficult to Achieve:Â Equinox
(Equinor, 8.Jun.2023) — Energy Perspectives paints the outcome space for the long-term development of the world’s energy markets. Driven by factors such as geopolitics, technology, climate and energy policy, and company and consumer behaviour, energy demand projections are made, but become increasingly uncertain the further out in time we forecast. The world […]
Ecopetrol on Arbitration Issued in Favor of Reficar
(Ecopetrol, 8.Jun.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that the International Chamber of Commerce decided in favor of RefinerĂa de Cartagena S.A.S (Reficar), a subsidiary company of Ecopetrol, in the framework of an arbitration proceeding against Chicago Bridge & Iron Company N.V., CB&I (UK) Limited and CBI Colombiana S.A. (collectively “CB&I”), […]
Petrobras on Potiguar ClusterÂ
(Petrobras, 7.Jun.2023) — Petrobras, following up on the releases disclosed on 01/31/2022 and 05/19/2023, informs that, after compliance with all the precedent conditions provided for in the binding contract signed on 01/31/2022, concluded today the transfer of its total stake (100%) in the set of 20 concessions of onshore and shallow water […]
Sercel Delivers Additional 508 XT System in North Africa
(CCG, 7.Jun.2023) — CGG announced that Sercel has confirmed a major sale and the imminent delivery of a 60,000-channel 508 XT land acquisition system and 25 VE464 advanced digital vibrator control sets to a major North African geophysical services provider. The equipment will be deployed on a 3D mega-crew project […]
TotalEnergies Steps up Sustainable Aviation Fuel Production at Grandpuits
(TotalEnergies, 7.Jun.2023) — Ahead of the Paris Air Show held in Le Bourget, TotalEnergies is stepping up production of sustainable aviation fuel (SAF) and low carbon energies of its Grandpuits site. These investments reflect the Company’s ambition to develop low carbon energies and the circular economy, and consist of: The doubling […]
End Reports on Purchase of Treasury Shares
(Eni, 7.Jun.2023) — During the period from 29 May to 2 June 2023, Eni acquired on the Euronext Milan no. 5,786,201 shares, at a weighted average price per share equal to 12.8663 euro, for a total consideration of 74,447,190.76 euro within the authorization to purchase treasury shares approved by the Shareholders’ […]
Perenco and Bloom Energy to Deploy Oxide Fuel Cells
(Bloom Energy, 7.Jun.2023) — Bloom Energy (NYSE:BE) has signed an agreement with Perenco to install 2.5 megawatts (MW) of Bloom’s solid oxide fuel cells at a site in England. Perenco is a leading independent hydrocarbon company, producing 500,000 BOE of oil and gas per day from its operations in 14 partner […]
Power Cuts Hit Venezuela’s West
(Reuters, 7.Jun.2023) — Daily power cuts have returned to west-central Venezuela, shutting air conditioners during a heat wave and hitting factories, households and utilities as poorly maintained thermal plants fail to compensate for weak hydroelectric generation, residents, engineers and analysts said. “It is inhumane that in a city like this they […]
Trinidad to Restart Idled LNG Unit by Early 2027
(Reuters, 7.Jun.2023) — Trinidad and Tobago aims to restart an idled liquefied natural gas (LNG) unit by the first quarter of 2027 after agreeing to restructure the facility’s ownership and negotiate new gas supplies, according to three people with knowledge of the plans. Trinidad is Latin America’s largest LNG exporter, but its joint venture […]
Petrobras on Unigel Discussions
(Petrobras, 6.Jun.2023) — Petrobras has initiated discussions with Unigel Participações S.A. to analyze joint business involving opportunity development in the areas of fertilizers, green hydrogen and low-carbon projects, in line with the revision of the strategic elements for Petrobras’ Strategic Plan 2024-2028 (SP 2024-28), as disclosed to the market on 1 June […]
PDVSA Bondholders Dismiss Claims Citgo-backed Notes are Invalid
(Reuters, 6.Jun.2023) — Holders of bonds issued by Venezuelan state-owned oil company Petroleos de Venezuela that are backed by a majority stake in refiner Citgo Petroleum urged New York state’s highest court to reject claims that the bonds are invalid. Lawyers for Venezuela’s opposition, which has controlled PDVSA’s U.S. assets including Citgo since 2019 […]
Election to Equinor’s Board of Directors
(Equinor, 6.Jun.2023) — In a meeting on 6 June 2023 the corporate assembly of Equinor ASA (OSE:EQNR, NYSE:EQNR) re-elected all the shareholder-elected members of Equinor ASA’s board of directors. The corporate assembly re-elected Jon Erik Reinhardsen as chair and Anne Drinkwater as deputy chair of the board in addition to re-election […]
QatarEnergy on First Korean LNG Vessel for Fleet Expansion
(QatarEnergy, 3.Jun.2023) — QatarEnergy celebrated the steel cutting of the first of its new generation of chartered liquefied natural gas (LNG) vessels to be constructed in a Korean shipyard. Building upon an already successful global maritime initiative, QatarEnergy joined Samsung Heavy Industries, and JP Morgan Asset Management in a special ceremony […]
QatarEnergy Inks PSC for Agua-Marinha Block
(QatarEnergy, 3.Jun.2023) — QatarEnergy, and its joint-venture partners TotalEnergies, Petrobras, and PETRONAS PetrĂłleo Brasil Ltda. (PPBL) signed the Production Sharing Contract (PSC) for the Agua-Marinha block which was awarded to the consortium on 19 December 2022 in the 1st Cycle Permanent Offer round, by Brazil’s National Agency of Petroleum, Natural Gas, […]
New Fortress Gets Export Approval for Altamira Fast LNG
(New Fortress Energy, 2.Jun.2023) — New Fortress Energy Inc. (NASDAQ: NFE) has received an export permit for its Altamira Fast LNG facility from Mexico’s Ministry of Energy (SecretarĂa de EnergĂa (SENER)). Under the permit granted by SENER, NFE is now authorized to export up to 7.8 million metric tons through […]
Petrobras Confirms Talks with Apollo and Adnoc
(Petrobras, 1.Jun.2023) — Petrobras, regarding the pieces of news released in the media, confirms that it met with executives from the Apollo fund and Adnoc, in which occasion it discussed Petrobras’ position in the Brazilian petrochemical sector, which is currently under analysis as part of the preparation of its Strategic Plan 2024-28. […]
Petrobras on Elements of Strategic Plan 2024-2028
(Petrobras, 1.Jun.2023) — Petrobras informs that its Board of Directors approved yesterday the revision of the strategic elements for the 2024-2028 Strategic Plan (2024-28 SP), as well as the low carbon CAPEX driver for the range between 6% and 15% of total CAPEX for the first five years of the new Plan, […]