Year: 2023

Petrobras on Product Price Adjustments

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(Petrobras, 17.May.2023) — Petrobras, regarding the pieces of news released in the media, clarifies that product price adjustments are made in the normal course of its business, due to the continuous monitoring of the markets, which includes, among other procedures, the daily analysis of the behavior of our prices relative […]

North American Gas Market to Expand by 25% Over Next Decade: WoodMac

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(WoodMac, 17.May.2023) — Near-term gas market expansion continues to be driven by global demand for US LNG exports, which will largely be supplied through continued growth in Permian associated gas and Haynesville production, according to a recent report from Wood Mackenzie. “LNG export growth will drive the market for many […]

Osaka Gas USA Buys Interest in Texas PV Project

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(Osaka Gas, 16.May.2023) ​— Osaka Gas USA Corporation (OGUSA), a wholly owned subsidiary of Osaka Gas Co., Ltd. has entered into an agreement with EE North America, LLC, a wholly owned subsidiary of European Energy A/S, to acquire a 350MW, utility-scale solar project in Texas. This mid-stage solar farm will have a […]

QatarEnergy Awards EPC Contract for North Field South Project

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(QatarEnergy, 16.May.2023) — QatarEnergy announces the award of the engineering, procurement, and construction (EPC) contract for the North Field South (NFS) project, which comprises two LNG mega trains with a combined capacity of 16 million tons per annum (MTPA). NFS, together with the North Field East (NFE) project, will increase […]

Exmar on Dividend [PDF Download]

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(Exmar, 16.May.2023) — Today 16 May 2023, the General Meeting of Shareholders approved a gross dividend of EUR 1.00 (EUR 0.70 net per share), as proposed by the Board of Directors. The net dividend will be payable on 24 May 2023 to the holders of registered shares and to the […]

Technip Energies Awarded LNG Deal for the North Field South Project

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(Technip Energies, 16.May.2023) — Technip Energies (Paris:TE) (ISIN:NL0014559478) announced that a joint venture (T.ENCCC JV), led by Technip Energies (T.EN) in partnership with Consolidated Contractors Company (CCC), has won a major (1) Engineering, Procurement, Construction and Commissioning (EPCC) contract by QatarEnergy for the onshore facilities of the North Field South Project (NFS). This award will cover the […]

Petrobras on Commercial Strategy for Diesel and Gasoline

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(Petrobras, 16.May.2023) — Petrobras informs that its Executive Board approved yesterday, 15 May 2023, the commercial strategy to define Petrobras’ diesel and gasoline prices, replacing the pricing policy for gasoline and diesel commercialized by its refineries. The commercial strategy uses market references such as: (a) the customer’s alternative cost, as […]

Petrobras on Dividend Payment

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(Petrobras, 15.May.2023)  — Petróleo Brasileiro S.A. or Petrobras, following up on the press releases published on 03/01/2023 and 04/27/2023, informs that it will pay, on Friday, 05/19/2023, the first installment of the complementary dividends referred to the 2022 fiscal year, based on shareholding position as of 04/27/2023, in connection to […]

TotalEnergies Launches Largest Battery Storage Project in Europe

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(TotalEnergies, 15.May.2023) — TotalEnergies has launched at its Antwerp refinery (Belgium), a battery farm project for energy storage with a power rating of 25 MW and capacity of 75 MWh, equivalent to the daily consumption of close to 10,000 households. A First Flagship Energy Storage Project in Belgium After commissioning […]

Petrobras on Price Policy

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(Petrobras, 14.May.2023) — Petrobras clarifies that it is discussing internally changes in its pricing policies for diesel and gasoline, which will be analyzed by the company’s executive board early this week and may result in a new commercial strategy to define diesel and gasoline prices. In this sense, the company […]

PGS Enters Carbon Storage Acquisition Contract

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(PGS, 11.May.2023) — PGS has entered into a seismic acquisition contract* for carbon storage offshore Norway by an independent energy company. The project is scheduled to start in September and has a duration of approximately one month. “In 2022 we established a strong position in the carbon storage geo-services market, and successfully completed four carbon […]

Aris Mining Announces Results of Special Meeting

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(Aris Mining, 11.May.2023) — Aris Mining Corporation (TSX: ARIS) (OTCQX: TPRFF) reports voting results from its annual general and special meeting of shareholders held earlier today. AGM Voting Results Shareholders holding 66,380,109 shares or 48.72% of the outstanding shares of the company were represented by proxy at the meeting. The voting results […]

ICIS launches Energy Foresight 

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(ICIS, 11.May.2023) — ICIS, a global source of Independent Commodity Intelligence Services, launches Energy Foresight, an integrated platform which provides one single view and understanding of gas, power and carbon markets in Europe. The launch will come in two parts, with power and carbon capabilities accessible as of today and gas to launch […]

Citgo Reports First Quarter 2023 Results

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(Citgo, 10.May.2023) — Citgo Petroleum Corporation reported its 2023 first quarter financial and operational results. Favorable refining margins and product yields combined with strong asset reliability contributed to first quarter net income of $937mn and EBITDA of $1.4bn, compared with net income of $806mn and EBITDA of $1.2bn for the fourth quarter of 2022. Highlights: […]

Pampa Energía Reveals First Quarter 2023 Results

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(Pampa Energía, 10.May.2023) — Pampa Energía S.A. (NYSE: PAM; Buenos Aires Stock Exchange: PAMP), an independent company with active participation in Argentina’s electricity and gas value chain, announces the results for the quarter ended on 31 March 2023. Pampa’s financial information adopts US$ as functional currency, expressed in AR$ at transactional nominal exchange rate (‘FX’). […]

Petrobras on Contracting for Block BM-C-33

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(Petrobras, 10.May.2023) — Petrobras, following up on the release disclosed on 05/08/2023, informs that Equinor, on behalf of the consortium formed to develop block BM-C-33, has signed the contracts with MODEC Inc. for the supply of the production platform and TechnipFMC for the Submarine Systems. The platform to be built […]

Petrobras on Product Price Adjustments

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(Petrobras, 10.May.2023) — Petrobras, regarding the pieces of news released in the media, clarifies that product price adjustments are made in the normal course of its business, due to the continuous monitoring of the markets, which includes, among other procedures, the daily analysis of the behavior of our prices relative […]

Occidental Announces 1Q:23 Results

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(Oxy, 9.May.2023) — Occidental (NYSE: OXY) announced net income attributable to common stockholders for the first quarter of 2023 of $983mn, or $1.00 per diluted share, and adjusted income attributable to common stockholders of $1.1bn, or $1.09 per diluted share.  Highlights: Strong operational performance drove cash flow from operations of $2.9bn […]

Saudi Aramco Reports 1Q:23 Earnings of $31.9bn [PDF Download]

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(Saudi Aramco, 9.May.2023) — Global crude oil prices declined in the first quarter of 2023 mainly driven by macroeconomic events contributing to market volatility. Aramco believes it is well positioned to withstand fluctuating commodity prices through its low-cost upstream production and strategically integrated downstream operations, and continued to deliver robust […]

Chile Signs Oil Import Deal with YPF 

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(Reuters, 8.May.2023) — Chilean state oil company National Petroleum Company (ENAP) said on Monday it has signed a temporary agreement with Argentine oil firm YPF (YPFD.BA) to import crude through the Trasandino pipeline, a key step for both countries’ trade. The Trasadino pipeline, known as OTA-OTC or OTASA, connects the huge Vaca […]

MODEC’s Uaru FPSO Proceeds to EPCI Phase

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(MODEC, 8.May.2023) — MODEC, Inc. will proceed with engineering, procurement, and construction on the Uaru Floating Production, Storage, and Offloading (FPSO) vessel following a final investment decision on the Uaru project by ExxonMobil Guyana and its co-venturers on 27 April 2023. Uaru is a significant addition to MODEC’s portfolio and it covers […]

Petrobras on Development of Block BM-C-33

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(Petrobras, 8.May.2023) — Petrobras has approved, together with its partners Equinor and Repsol Sinopec Brasil, the final investment decision (Phase III) of block BM-C-33, operated by Equinor, located in the pre-salt of Campos Basin, in the state of Rio de Janeiro. The block is about 200 km offshore and has […]

AES Outlines Long-Term Strategy for Growth in Renewables & US Utilities

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(AES, 8.May.2023) — The AES Corporation (NYSE: AES) outlined its long-term strategy for growth, including substantial growth in renewables and US utilities, and fully exiting coal by year-end 20253. Strategic Highlights Through 2027 — Expect to triple renewables capacity by adding 25 to 30 GW of solar, wind and energy storage — Investing to […]

GECF Unveils 4th Annual Gas Market Report [PDF Download]

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(GECF, 5.Apr.2023) — The Gas Exporting Countries Forum (GECF) announced the launch of the fourth edition of its Annual Gas Market Report (AGMR). The report provides an in-depth analysis of natural gas markets, covering recent developments and providing prospects for 2023-2024. Eng. Mohamed Hamel, Secretary General of the GECF said: […]

Petrobras on Bahia Terra Production

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(Petrobras, 5.May.2023) — Petrobras, following up on the releases disclosed on 03/31/2023 , 03/14/2023 and 04/13/2023 and 05/02/2023, informs that it obtained authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to resume production at 9 more Bahia Terra Cluster facilities (Nova Tororó Collector Station, Pereira Collector […]

Sempra on 1Q:23 Earnings Results [PDF Download]

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(Sempra, 4.May.2023) — Sempra (NYSE: SRE) (BMV: SRE) today announced first-quarter 2023 earnings of $969mn, or $3.07 per diluted share, compared to first-quarter 2022 earnings of $612mn, or $1.93 per diluted share. On an adjusted basis, the company’s first-quarter 2023 earnings were $922mn, or $2.92 per diluted share, compared to $924mn, or $2.91 per diluted share, in 2022.  “At Sempra, our strategy is […]

Enbridge on Tolling Deal on Mainline Liquids System

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(Enbridge, 4.May.2023) — Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced that it has reached an agreement in principle on a negotiated settlement (the settlement) with shippers for incentive tolls on its Mainline liquids system, which moves over 3 million barrels a day of crude oil and liquids […]

AES On Track to Meet 2023 Guidance

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(AES, 4.May.2023) — The AES Corporation (NYSE: AES) reported financial results for the quarter ended March 31, 2023. Highlights: Strategic Accomplishments On track to complete 2023 construction projects of more than 3 GW of renewables AES Ohio signed a comprehensive settlement for its Electric Security Plan (ESP4), providing the regulatory foundation necessary to […]

Marathon Reports 1Q:23 Results

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(Marathon, 3.May.2023) — Marathon Oil Corporation (NYSE: MRO) reported first quarter 2023 net income of $417mn or $0.66 per diluted share, which includes the impact of certain items not typically represented in analysts’ earnings estimates and that would otherwise affect comparability of results. Adjusted net income was $420mn or $0.67 per diluted share. Net operating cash flow was $865mn or $942 million before […]

Frontera Reveals 1Q:23 Results

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(Frontera, 3.May.2023) — Frontera Energy Corporation (TSX: FEC) reported financial and operational results for the first quarter ended March 31, 2023. All financial amounts in this news release are in United States dollars unless otherwise stated. Gabriel de Alba, Chairman of the Board of Directors, commented: “Frontera’s first quarter results were in-line with […]

Tellurian Reports Weak 1Q:23 Financial Results [PDF Download]

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(Tellurian, 3.May.2023) — Tellurian Inc. (NYSE American: TELL) continued making progress on Driftwood LNG phase one construction, added to natural gas acreage, production and sales, and repaid $166.7mn in principal balance of borrowing obligations in the first quarter 2023. Subsequent to the quarter end, Tellurian also advanced Driftwood project funding […]

Nacero to Submit Part II Application for Texas SAF Facility

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(Nacero, 5.May.2023) — Nacero, Inc. announced that its Nacero TX subsidiary has been invited by the U.S. Department of Energy (DOE) to submit a Part II application for a loan guarantee through the Loan Programs Office’s (LPO) Title XVII Innovative Clean Energy Loan Program for 75% of the capital needed for its […]

Vespene and Viridi Launch Pilot Using Landfill Methane Emissions

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(Vespene, 2.May.2023) — Vespene Energy, a biogas renewable energy developer, and Viridi Energy, a full-service renewable natural gas (RNG) platform, today announced the launch of their first joint pilot site with a municipal landfill in Marathon County, Wisconsin. Vespene and Viridi are using highly-efficient energy generation equipment to convert the naturally […]

SBM Offshore Inks Deal for its Guyana FPSO Fleet

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(SBM, 2.May.2023) — SBM Offshore has signed a 10-year Operations and Maintenance Enabling Agreement with Esso Exploration & Production Guyana Ltd (aka “ExxonMobil Guyana”) for the Operations and Maintenance of FPSOs Liza Destiny, Liza Unity, Prosperity and ONE GUYANA. This framework agreement establishes the new terms related to the operations of the Guyana FPSO fleet […]

bp’s First Quarter 2023 Results [PDF Downloads]

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(bp, 2.May.2023) — bp reported strong financial results in the first quarter of 2023 and the underlying replacement cost profit for the quarter was $5bn, compared with $4.8bn for the previous quarter. Highlights Underlying replacement cost profit* $5bn Underlying replacement cost profit for the quarter was $5bn, compared with $4.8bn […]

Alaska Airlines and ZeroAvia Developing Zero-emission Aircraft

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(ZeroAvia, 1.May.2023) — Alaska Airlines presented a Bombardier Q400 regional turboprop to ZeroAvia that will be retrofitted with a hydrogen-electric propulsion system in an effort to expand the reach and applicability of zero emissions flight technology. At an event, held at ZeroAvia’s Paine Field research and development site, the companies were joined […]