2023 - Page 14 of 22 - Energy Analytics Institute (EAI)

Nucor Enters Into CCS Agreement with ExxonMobil

(Nucor, 1.Jun.2023) — Nucor Corporation (NYSE: NUE) signed an agreement with ExxonMobil to capture, transport, and store carbon from the company’s direct reduced iron (DRI) plant in Convent, Louisiana. ExxonMobil will capture up to 800,000 metric tons per year of CO2 from the DRI plant and store the CO2 at an ExxonMobil-owned […]

Petrobras on Start-up of Almirante Barroso FPSO

(Petrobras, 31.May.2023) — Petrobras started the production of the FPSO Almirante Barroso platform, in the Búzios field, with capacity to produce daily up to 150 thousand barrels of oil and 6 million m3 of gas. FPSO Almirante Barroso will contribute to the oil production of the Búzios field, which currently averages 560,000 […]

Petrobras on PSCs with TotalEnergies, QatarEnergy, Petronas and Shell

(Petrobras, 31.May.2023) — Petrobras signed the Production Sharing Contracts (PSC) of the 1st Cycle of the Permanent Offer Bidding Round, held through a public session on 12/16/2022, for the blocks of (i) Água Marinha, in partnership with TotalEnergies (30%), QatarEnergy (20%) and Petronas (20%), (ii) Norte de Brava, where Petrobras acquired the block […]

EAI’s NRGBriefs: May 2023

(Energy Analytics Institute, 31.May.2023) — Energy briefs as well as others related to finance and politics during May 2023 including Venezuela planning to issue a license next month to Eni SpA and Repsol SA to export natural gas, Petrobras receiving an arbitration award that fully rejected the claims made by […]

GoGold Intercepts High Grade at Los Ricos South

(GoGold Resources, 31.May.2023) — GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) announced additional drilling results from Los Ricos South, within the Eagle Deposit, including an exceptionally wide, high-grade intercept from hole LRGAG-22-165. The hole intercepted 50.0m of 1,126 g/t silver equivalent (“AgEq”), including 7.8m of 6,334 g/t AgEq which also included a very high-grade interval of 46,822 g/t […]

SOLEK Closes $379mn Financing for PV Projects in Chile

(SOLEK, 31.May.2023) — Solar energy group SOLEK closed a $379mn financing for its portfolio in Chile, consisting of solar photovoltaic utility-scale and PMGD plants located in the Central Region. The fast-growing company in the renewable and solar energy sector owns a portfolio of approximately 284MWdc in Chile and has more than 400MW of projects in […]

Vaca Muerta Could Produce 1 MMb/d by 2030, Rystad Says

(Rystad Energy, 31.May.2023) — Crude oil production from Argentina’s burgeoning shale patch, Vaca Muerta, could surge in the coming years and top 1 million barrels per day (bpd) by the end of the decade – but only if takeaway capacity and rig availability do not limit growth. Rystad Energy’s modeling […]

Equinox Says Gas Leak at Melkøya Stopped

(Equinor, 31.May.2023) — The gas leak that occurred at the Hammerfest LNG plant at Melkøya on 31 May has been stopped and normalisation is under way. Equinor’s emergency response organisation has been demobilised and the emergency services have left Melkøya. The leak occurred in connection with a valve in one of […]

England
UK

Bristow Preferred Bidder for Irish Coast Guard Aviation Service

(Bristow, 30.May.2023) — Bristow Ireland Ltd., a subsidiary of Bristow Group Inc. (NYSE: VTOL), a provider of innovative and sustainable vertical flight solutions, has been announced by the Irish Department of Transport as the preferred bidder for the next Irish Coast Guard (IRCG) search & rescue aviation (SAR) contract. Following the announcement […]

Petrobras on Natural Gas Commercial Portfolio

(Petrobras, 29.May.2023) — Petrobras approved new natural gas sales products and is participating in the competitive public call processes for state distributors with the new commercial portfolio. With the opening of the natural gas market, which already has contracts with more than 14 suppliers, the company has developed a new commercial portfolio […]

bpTT Adds Mango Field Production

(bpTT, 29.May.2023) — bpTT today announces the successful completion of the first phase of its “small pools” drilling campaign which began in October 2022. The campaign includes three wells in the Mango field, one well in the Savonette field and 3 wells in the Angelin field. The first phase of […]

Colombia Needs New Oil Drilling, Former Finance Chief Says

(Bloomberg, 27.May.2023) — Colombia needs new oil exploration after a drop in the nation’s proven reserves as the government seeks to accelerate its energy transition, according to former Finance Minister Jose Antonio Ocampo. The Andean nation had proven crude reserves equivalent to 7.5 years of output as of the end […]

Asia
China

New EVs in Guigang City Enter ASEAN “Blue Ocean” Market

(The Publicity Department of Gangbei District, Guigang Municipality, 26.May.2023) — Recently, Guangxi Guigang Fushuai Electric Vehicle Co., Ltd. and PT. DFU INTERNATIONAL INDONESIA signed the first batch of directional purchase contracts for 20,000 new energy electric vehicles in Jakarta, Indonesia. Crystal Huang, CEO of PT. DFU INTERNATIONAL INDONESIA, said that driven by the global green […]

Petrobras Not Participating with Previ

(Petrobras, 26.May.2023) — Petrobras, regarding the news published in the media, informs that it is not participating in any coordinated action with Previ or any other institution with the objective of acquiring the shares issued by Vibra Energia and that the reports on the subject are untrue. Petrobras clarifies that eventual actions […]

Venture Global Closing $4.5bn Senior Secured Notes

(Venture Global, 26.May.2023) — Venture Global LNG, Inc. closed its inaugural offering of $4,500mn aggregate principal amount of senior secured notes which have been issued in two series: (i) a series of 8.125% senior secured notes due 2028 in an aggregate principal amount of $2,250 mn (the “2028 Notes”) and (ii) a series of […]

PGS Data Reveals Untapped Potential in Harstad Basin APA 2023 Blocks

(PGS, 25.May.2023) — PGS has 3D GeoStreamer PSDM data available to assess prospective Western Barents Sea areas in this year’s APA round. The Harstad Basin has a very complex burial history, including subsidence, uplift, and chemical reaction. Using an integrated workflow on the PGS17011NBS dataset, PGS quantitative interpretation experts have […]

Chevron Launches Sale of Congo Oil Assets

(Reuters, 25.May.2023) — Chevron (CVX.N) has launched a sale process for its oil and gas assets in Congo as the U.S. energy giant continues to focus operations on newer and more profitable production, industry sources said. The Congo assets could fetch up to $1.5 billion, according to two sources close to the […]

Talos Energy announces Mexico transaction, including stake in Zama

MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 25.May.2023, Words: 337) — Talos Energy Inc. announced that Zamajal, S. A. de C.V., a wholly owned subsidiary of Grupo Carso, agreed to acquire a 49.9% interest in Talos’s Mexican subsidiary (Talos Mexico), which holds the company’s 17.4% interest in Zama. Carso […]

Blue Sky Updates on Amarillo Grande Uranium Project, Argentina

(Blue Sky, 24.May.2023) — Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), “Blue Sky” or the “Company”) is pleased to provide an update on exploration and development work carried out at its wholly owned Amarillo Grande Uranium-Vanadium Project in Rio Negro Province, Argentina (“AGP”), which includes the Ivana uranium-vanadium deposit. Ivana Process Design Testwork […]

Argentina Asks Oil Firms to Fund Their Own Imports Amid Forex Shortage

(Reuters, 24.May.2023) — The Argentine government has asked oil companies to finance their own imports for 90 days due to the shortage of foreign currency at the country’s central bank, an official source familiar with the matter said on Wednesday. The request follows a decision from the government to request […]

Petrobras on Licensing in Amapá

(Petrobras, 24.May.2023) — Petrobras announces that later this week it will file a request with Ibama to reconsider the decision to deny the environmental license to drill an exploratory well in block FZA-M-059, located in deep waters in Amapá, in accordance with the procedure provided for in the regulations. The […]

Ecopetrol Reaches Deal for new Collective Bargaining Agreement

(Ecopetrol, 23.May.2023 — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that on 22 May 2023, it reached an agreement with the Unión Sindical Obrera (USO) for a new Collective Bargaining Agreement. The new Collective Bargaining Agreement will be retroactively effective from 1 January 2023, and will be valid for a four-year term. […]

Asia

ECV on Approval of Vietnamese Power Development Plan VIII (PDP8)

(ECV, 23.May.2023) — Energy Capital Vietnam (ECV), a project development and holding company established as a platform for direct investment into energy and infrastructure within Vietnam, applauds the approval of PDP8 by the Vietnamese government led by Prime Minister Pham Minh Chinh. PDP8, developed by the Ministry of Industry and Trade (MOIT), […]

England
UK

IKM Testing UK Inks Project for Methane Emissions Qualification (MEQ)

(IKM Testing, 23.May.2023) — Independent integrated solutions provider IKM Testing UK has secured a second contract with Bumi Armada to deliver a drone-based methane emissions survey on the Kraken Floating Production Storage and Offloading (FPSO) vessel in the North Sea. The project follows a successful aerial survey in November 2022 […]

Uranium Advances S-K 1300 Assessment

(Uranium Energy, 23.May.2023) — Uranium Energy Corp (NYSE American: UEC) has selected SLR Consulting (Canada) Ltd. and Wood (Canada) Ltd. to conduct an S-K 1300 Initial Assessment Economic Study (“S-K 1300 IAES”) for the Company’s 100% owned Roughrider Project. Additionally, the company has selected Canada North Environmental Services (CanNorth) to conduct […]

CGG Awarded OMV Contract for Multi-Year Dedicated

(CGG, 23.May.2023) — CGG has been awarded a new contract by OMV to continue operating a dedicated center at its head office in Vienna for an initial three-year period. During this time, OMV will continue to benefit from in-house access to CGG’s advanced seismic imaging and reservoir characterization technology, as […]

Johan Sverdrup Produces at Increased Plateau

(Equinor, 23.May.2023) — This week a successful capacity test has been performed confirming that the field can produce up to 755,000 barrels of oil per day. During a capacity test at Johan Sverdrup, the field reached a record-high production level of 755,000 barrels of oil per day. This equals six to […]

Latin America and the Caribbean

Tecpetrol Announces Deal to Buy Alpha Lithium Corporation

(Tecpetrol, 22.May.2023) — Tecpetrol Investments S.L., a member of the Techint Group of Companies, has made a non-binding proposal (the “Offer“) to acquire all of the issued and outstanding common shares (“Shares“) of Alpha Lithium Corporation (NEO: ALLI) (OTC: APHLF) (German WKN: A3CUW1) (“Alpha” or the “Company“) a Canadian incorporated, […]

Killing of Indigenous Ecuador Anti-oil Activist Spurs Questions

(Al Jazerra, 22.May.2023) — It was a Sunday in late February, and Eduardo Mendúa was doing what he was famous for: organising against the oil drilling that had transformed his ancestral lands in Ecuador. A member of the Indigenous Cofán people, Mendúa had seen pipelines and wells spring up throughout the […]

Interoil’s Production Report, April 2023 [PDF Download]

(Interoil, 22.May.2023) — In March 2023, unfortunately Interoil’s average daily operated production decreased by 271 boepd where most of the lost production is related with operational issues in Argentina where the austral winter arrived sooner than expected. Fortunately, Colombia community distress situation was solved, and operations are slowly recovering to its […]

SQM Inks Lithium Supply Deal with Ford Motor Company

(SQM, 22.May.2023) — Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) and Ford Motor Company have announced a long-term strategic agreement to secure the supply of high-quality lithium products for production of electric vehicles. The agreement between Ford and SQM will ensure the supply […]

Europe
Spain

TotalEnergies Obtains Favorable EIA for 3 GW of Solar Projects

(TotalEnergies, 22.May.2023) — TotalEnergies has obtained from the Spanish authorities (Ministry of Energy Transition and Autonomous Communities) a favorable Environmental Impact Assessment for an estimated 3 GW of installed capacity. Large-scale solar projects throughout the country This favorable result relates to the 48 power plants that TotalEnergies will develop in […]

Equinor on 4Q:22 Dividend

(Equinor, 22.May.2023) — Equinor (OSE: EQNR, NYSE: EQNR) announced on 8 February 2023 an ordinary dividend per share of USD 0.30 and an extraordinary dividend per share of USD 0.60 for fourth quarter 2022. The NOK dividend per share is based on average USDNOK fixing rate from Norges Bank in […]

Equinor puts Trollvind on Hold

(Equinor, 22.May.2023) — Equinor will postpone a further development of the Trollvind offshore wind initiative indefinitely. This decision is based on several challenges facing the project, including technology availability, rising cost and a strained timetable to deliver on the original concept. The authorities have been informed about the decision. Equinor […]

Brazil

Petrobras on Bahia Terra Production

(Petrobras, 22.May.2023) — Petrobras, in continuity with the announcements of 03/31/2023, 03/14/2023, 04/13/2023, 05/02/2023, 05/05/2023 and 05/11/2023 informs that it obtained authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to resume production from eight more facilities of the Bahia Terra Pole (Itariri River Collector Station, Jandaia […]

Chevron Buys PDC Energy in $7.6bn Deal

(Chevron, 22.May.2023) — Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with PDC Energy, Inc. (NASDAQ: PDCE) to acquire all of the outstanding shares of PDC in an all-stock transaction valued at $6.3bn, or $72 per share. Based on Chevron’s closing price on May 19, […]

Petrobras on Payment of Remuneration to Shareholders

(Petrobras, 19.May.2023) — Petrobras, following up on the Material Facts disclosed on 03/01/2023 and 04/24/2023 and Notice to the Market of 05/15/2023, informs that today it has paid 1st installment of complimentary dividends approved in the Annual General Meeting (AGM) held on 04/27/2023. The gross amount distributed today was adjusted by […]

Petrobras on Answer to Letter from the Ministry of Mines and Energy

(Petrobras, 19.May.2023) — Petrobras answered, on today’s date, to the requests contained in Official Letter nr. 386/2023/GM-MME, from the Ministry of Mines and Energy (MME), in the terms below: Regarding the denial by IBAMA of the environmental licensing process for Block FZA-M-59 in Amapá Águas Profundas, Petrobras understands that it […]

DOE Announces $187mn to Accelerate Transportation Sector Electrification

(US DOE, 19.May.2023) — The U.S. Department of Energy (DOE) announced a new $99.5mn funding opportunity in addition to the selection of 45 projects totaling $87mn to advance production of next-generation electric vehicle (EV) technologies, train the future electrified transportation workforce, and ensure the equitable deployment of clean mobility options […]

Petrobras on Potiguar Cluster

(Petrobras, 19.May.2023) — Petrobras informs that on today’s date IBAMA issued the operational license for the Ubarana, Ubarana Oeste and Cioba fields, in the Potiguar basin, which are part of the Potiguar Cluster, in favor of 3R Potiguar S.A. The license was a precedent condition for the closing of the […]

Petrobras on Letter from Ministry of Mines and Energy

(Petrobras, 19.May.2023) — Petrobras received Official Letter No. 386/2023/GM-MME, through which the Ministry of Mines and Energy (MME) requests that Petrobras, within its rules of governance and in compliance with strict legality, reiterate the request for licensing of the activity with the Brazilian Institute of Environment and Natural Resources (IBAMA), […]

Petrobras on Human Rights, Corporate Citizenship

(Petrobras, 19.May.2023) — Petrobras published the first edition of the Human Rights and Corporate Citizenship Supplement for the year 2022. The supplement presents the company’s indicators, goals, and actions related to human rights and corporate citizenship. The document provides annual accountability and reinforces the commitments made by the company: UN […]

Petrobras on Braskem

(Petrobras, 19.May.2023) — Petrobras received a letter from Apollo Management X, L.P. and ADNOC International Limited with information about the non-binding proposal for the acquisition of Novonor S.A.‘s interest in Braskem. The information was forwarded to Petrobras due to the fact that the company is Braskem’s second largest shareholder and […]

Intel Dives into the Future of Cooling

(Intel, 19.May.2023) — Extending Moore’s Law means putting more transistors on an integrated circuit and, increasingly, adding more cores. Doing so improves performance but requires more energy. Over the past decade, Intel estimates it has saved 1,000 terawatt hours of electricity through the improvements its engineers have made to processors. These […]

PGS Secures Barents Sea Contract

(PGS, 19.May.2023) — PGS has executed the final contract* with an independent energy company for a 3D survey in the Barents Sea to be acquired by the Ramform Hyperion. The project is about to start and duration is approximately 40 days. PGS announces contract awards and MultiClient projects as stock […]

Petrobras on Environmental Licensing Process

(Petrobras, 18.May.2023) — Petrobras has received news about IBAMA’s rejection, yesterday, of the environmental licensing process for Block FZA-M-59 in Amapá Águas Profundas. The company also informs that it has not been officially notified by the agency, and as soon as it is notified it will formulate a request for […]

Golden Arrow Expands Program at San Pietro Iron-Copper-Gold-Cobalt Project, Chile

(Golden Arrow, 18.May.2023) — Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) has increased the size of its first diamond drilling program at the Company’s flagship San Pietro Iron-Copper-Gold-Cobalt Project in Chile from 2,650-metre in 7 holes, to approximately 3,500 metres in 10 holes. Drilling is now anticipated to be completed by the end […]

Aediles Supports BlackRock with Chilean Solar Energy Purchase

(Aediles Capital Inc., 18.May.2023) — AEDILES supported BlackRock GRP III in the closing of the acquisition of 97MWp of Distributed Solar Energy Projects in Chile, which was developed by RRG Capital Management (“RRGCM”) in collaboration with local partners. “We look forward to continuing to provide top tier asset management for this […]

Norfolk Southern Launches Rail Emissions Report [Video]

(Norfolk Southern, 18.May.2023) — Norfolk Southern Corporation (NYSE: NSC) Thursday launched a tailored Rail Emissions Report tool for customers. The Rail Emissions Report provides customers with comprehensive data on the positive environmental impact of shipping by rail, including total carbon dioxide emissions, fuel consumption, and train miles traveled. Mode of transportation […]

Port of Corpus Christi CEO Announces Departure

(Port of Corpus Christi, 17.May.2023) — Port of Corpus Christi Commissioners Tuesday accepted the resignation of Chief Executive Officer Sean Strawbridge, effective 2 June. Strawbridge will continue to serve as CEO until that time. An interim chief executive, as well as plans to identify a new CEO, will be announced […]