Year: 2023

Fitch Affirms Freeport LNG Investments, LLLP of ‘B-‘

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(Fitch Ratings, 1.May.2023) — Fitch Ratings has affirmed Freeport LNG Investments, LLLP‘s (FLNGI) Long-Term Issuer Default Rating (IDR) at ‘B-‘ and secured debt rating at ‘B’/’RR3’. The ratings were removed from Rating Watch Negative (RWN) where they were placed on 22 June 2022 and assigned a Negative Rating Outlook. The RWN resolution […]

Exxon Mobil not Quitting Exploration in Brazil

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(Reuters, 1.May.2023) — Exxon Mobil Corp (XOM.N) is not giving up on oil exploration in Brazil, the company’s country chief Alberto Ferrin said on Monday during the Offshore Technology Conference (OTC) in Houston. “I would say very crystal clear that Exxon Mobil is not quitting exploration in Brazil at all,” Ferrin said, […]

EAI’s NRGBriefs: Apr. 2023

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(Energy Analytics Institute, 30.Apr.2023) — Energy briefs as well as others related to finance and politics during April 2023 including the US not blocking the court-ordered sale of shares of Citgo Petroleum Corp.’s parent company, PDV Holding, to pay off creditors who have sought payment from the Venezuelan state; OFAC authorizing […]

Venture Global Inks 20-Year LNG SPA with JERA Co.

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(Venture Global, 28.Apr.2023) — Today, Venture Global LNG announced the execution of a long-term Sales and Purchase Agreement (SPA) with JERA Co., Inc. for the sale of 1 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from CP2 LNG for 20 years. CP2 LNG is Venture Global’s third […]

Pampa EnergĂ­a Files Form 20-F

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(Pampa EnergĂ­a, 28.Apr.2023) Pampa EnergĂ­a S.A. (NYSE: PAM; Buenos Aires Stock Exchange: PAMP), an independent energy integrated companies in Argentina, with participation in the electricity and gas value chain, announces that on 28 April 2023 it has filed its annual report on Form 20-F for the fiscal year ended 31 December 2022 (the ‘2022 annual report’) before […]

ExxonMobil Advances Fifth Offshore Guyana Development

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(ExxonMobil, 27.Apr.2023) — ExxonMobil made a final investment decision for the Uaru development offshore Guyana after receiving required government and regulatory approvals. The company expects Uaru, the fifth project on Guyana’s offshore Stabroek block, to add approximately 250,000 barrels of daily capacity after a targeted startup in 2026. Highlights: Uaru […]

Hess Sanctions Uaru Development Offshore Guyana

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(Hess, 27.Apr.2023) — Hess Corporation (NYSE: HES) has made a final investment decision to proceed with Uaru, the fifth development on the Stabroek Block, after receiving government and regulatory approvals. Uaru will have a production capacity of approximately 250,000 gross barrels of oil per day with production targeted to startup […]

Petrobras on Annual General Meeting

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(Petrobras, 27.Apr.2023) — Petrobras informs that the Annual General Meeting, held today, exclusively under the digital format, analyzed and approved, by majority vote, the following: ANNUAL GENERAL MEETING I. Assessing the Management’s accounts, examining, discussing and voting on the Management’s Report and the Company’s Financial Statements, with the report from the […]

MPC Energy Solutions 1Q:23 Results Show Rise in Revenues and EBITDA

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(MPC Energy, 27.Apr.2023) — MPC Energy Solutions (MPCES) announces its 1Q:23 results. The quarter was marked by several milestones including connecting three more projects to the power grid and signing long-term off-take agreements for new projects. Revenues and operating profits increased significantly compared to 1Q:22.   “The results of the […]

ENAP Starts Cash Tender Offer

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 (ENAP, 26.Apr.2023) — Empresa Nacional del PetrĂłleo (ENAP) has commenced a cash tender offer, on the terms and subject to the conditions set forth in the company’s offer to purchase and consent solicitation statement dated 26 April 2023, for any and all of its outstanding 4.375% Notes due 2024. Capitalized terms […]

Eni Inaugurates Congo LNG Project in the Republic of the Congo

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(Eni, 25.Apr.2023) — The President of the Republic of the Congo, Denis Sassou Nguesso, and the Chief Executive Officer of Eni, Claudio Descalzi, today laid the foundation stone of Congo LNG, the country’s first natural gas liquefaction project and one of Eni’s core supply diversification initiatives. The project is expected […]

Argentina Lithium Delineates Concentrated Lithium Brine Zone

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 (Argentina Lithium, 24.Apr.2023) — Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) reports continued positive lithium brine results at its Rincon West Project in Salta Province, Argentina, including a 178 m* section with results ranging from 241 to 340 mg/l lithium (*no sample was collected from 30 m of this interval) from the seventh […]

Glenfarne Energy’s Texas LNG Receives Order on Remand from FERC

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(Texas LNG, 24.Apr.2023) — Texas LNG, a four million tonnes per annum (“mtpa”) liquefied natural gas (LNG) export terminal to be constructed in the Port of Brownsville, Texas, owned by Texas LNG Brownsville LLC, an affiliate of Glenfarne Energy Transition, LLC, a global energy transition leader providing critical solutions to lower […]

Nabors Industries Reports 1Q:23 Revenues of $779mn

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(Nabors, 24.Apr.2023) — Nabors Industries Ltd. (NYSE: NBR) today reported first quarter 2023 operating revenues of $779mn, an increase of 2.5%, compared to operating revenues of $760mn in the fourth quarter of 2022. The net income attributable to Nabors shareholders for the quarter was $49mn, or $4.11 per diluted share. This compares to a loss of $69mn, or $7.87 per […]

NatGas in Transition to Low-Carbon Economies [PDF Download]

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(IGU, OLADE, ARPEL, 17.Apr.2023) — The world needs to transition to low-carbon economies to reduce global warming while continuing to promote sustainable socioeconomic development for a growing global population. Achieving this massive goal requires a radical transformation in how energy is supplied and used worldwide, as 73% of global greenhouse […]

Sintana Retains Carried Indirect Interest in Namibia

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(Sintana Energy, 21.Apr.2023) — Sintana Energy Inc. (TSX-V: SEI, OTCQB: SEUSF) confirmed that over fifty per cent of the 6,872 square kilometers of 3D seismic survey data has been gathered from Petroleum Exploration License 87 (“PEL 87”) and the surrounding area in the Orange Basin in Namibia. Initial processed results […]

Nucor Reports 1Q:23 Results

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(Nucor, 20.Apr.2023) — Nucor Corporation (NYSE: NUE) announced net earnings attributable to Nucor stockholders of $1.14bn, or $4.45 per diluted share, for the first quarter of 2023. By comparison, Nucor reported net earnings attributable to Nucor stockholders of $1.26bn, or $4.89 per diluted share, for the fourth quarter of 2022 and $2.10bn, or $7.67 per diluted share, for the […]

Frontera on 1Q:23 Results and Webcast Dates

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(Frontera, 19.Apr.2023) — Frontera Energy Corporation (TSX: FEC) announces that its first quarter 2023 results will be released after markets close on Wednesday 3 May 2023. A conference call for investors and analysts will be held on Thursday, 4 May 2023 at 11 a.m. Eastern Time. Participants will include Gabriel de Alba, Chairman of the […]

Port of Corpus Christi Sees Record 1Q:23 Tonnage

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(Port of Corpus Christi, 18.Apr.2023) — The Port of Corpus Christi Authority closed its first quarter of 2023 (Q1-2023) with record tonnage of 49.6 million tons, surpassing the year-over-year (YOY) period in 2022 by more than six million tons and nudging past the previous quarterly record of 49.5 million tons […]

Golden Arrow Options Espota Project in Argentina

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(Golden Arrow, 18.Apr.2023) — Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) reportws that it recently entered into an option agreement to acquire a 100% interest in the Espota Gold Project covering nearly 30km2 in San Juan Province, Argentina (see Figure 1). Golden Arrow has commenced a reconnaissance surface exploration program throughout the property and has already identified a […]

Avino Reports Steady Production in 1Q:23

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(Avino, 18.Apr.2023) — Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE: ASM) (FSE: GV6) reports another quarter of strong production results of 678,247 silver equivalent ounces, bringing the 12-month trailing total to 2.9 million silver equivalent ounces from the Avino Mine. Production Highlights – Q1 2023 (Compared to Q1 2022) Silver equivalent production […]

ForeFront Power and HASI Expand Equity Investment Across California

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(ForeFront Power, 18.Apr.2023) — ForeFront Power, a developer and asset manager of commercial and industrial-scale (C&I) solar energy and battery storage projects, and HASI (NYSE: HASI), an investor in climate solutions, have entered into a follow-on equity investment for a portfolio of distributed solar and solar-plus-storage projects located across California. The transaction, […]

Petrobras on BioRefining Program

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(Petrobras, 17.Apr.2023) — Petrobras, regarding the pieces of news published in the media, clarifies that as part of its BioRefining Program it is conducting new project studies to expand the production of Diesel R, Petrobras fuel produced by co-processing mineral diesel with vegetable oil, which contains a portion of green […]

Petrobras on Natural Gas Prices for Distributors

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(Petrobras, 17.Apr.2023) — Petrobras, announces that as of 05/01/23, according to the contracts agreed upon by the company with the distributors, the updated natural gas sales prices will have an average reduction of 8.1% in R$/mÂł, in relation to the February-March-April quarter, considering the variation in the price of the […]

Venture Global Raises Roof of Second Plaquemines Storage Tank

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(Venture Global, 17.Apr.2023) — Venture Global LNG announced the successful raising of the roof of the second LNG storage tank at the Plaquemines LNG export facility in Plaquemines Parish, Louisiana. This major project milestone was completed ahead of schedule and comes just seven weeks after the roof raising for tank […]

CSI Compressco on Cash Distribution, 1Q:23 Webcast

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(CSI Compressco, 17.Apr.2023) — CSI Compressco LP (NASDAQ: CCLP) announced today that the board of directors of its general partner has declared a cash distribution attributable to the quarter ended 31 March 2023 of $0.01 per outstanding common unit, or $0.04 per outstanding common unit on an annualized basis. This cash distribution will be paid on 15 May 2023 to […]

Equinor: The Bauge field on Stream

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(Equinor, 17.Apr.2023) — On 8 April production started from the Bauge subsea field in the Norwegian Sea. Bauge is tied back to the recently upgraded Njord platform. Recoverable reserves in Bauge are estimated at 50 million barrels of oil equivalent, mainly oil. Bauge consists of two oil producers in a […]

bp Starts Oil Production at Argos Platform in the Gulf of Mexico

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(bp, 13.Apr.2023) — bp has successfully started oil production at its Argos offshore platform, delivering more energy at a critical time and strengthening bp’s position as a leading producer in the deepwater US Gulf of Mexico. With a gross production capacity of up to 140,000 barrels of oil per day, Argos is […]

GSI Enhances Renewable Platform with Saturn Power Acquisition

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(GSI, 13.Apr.2023) — Greenwood Sustainable Infrastructure (GSI), the North American renewable energy subsidiary of Libra Group, has announced the strategic acquisition of the solar and battery development portfolios of Saturn Power, including its team of seasoned developers and an approximate 1.4-gigawatt (GW) pipeline of early to late-stage solar and energy storage projects in five U.S. states […]

Petrobras on Official Letter from the CVM

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(Petrobras, 13.Apr.2023) — Petrobras has received an official letter from the Superintendence of Corporate Relations (SEP), from the Securities and Exchange Commission (CVM), in which it announces that, considering the information available up to the present moment and in line with the understanding of the Eligibility Committee and the Board […]

Greenwood Sustainable Infrastructure (GSI) Acquires Saturn Power

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(Greenwood Sustainable Infrastructure, 13.Apr.2023) — Greenwood Sustainable Infrastructure (GSI), the North American renewable energy subsidiary of Libra Group, has announced the strategic acquisition of the solar and battery development portfolios of Saturn Power, including its team of seasoned developers and an approximate 1.4-gigawatt (GW) pipeline of early to late-stage solar and energy storage projects in five […]

Petrobras on Norte Capixaba Cluster

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(Petrobras, 12.Apr.2023) — Petrobras, following up on the release disclosed on 23 February 2022, informs that the fulfillment of all precedent conditions has been concluded, regarding the transfer of its total interest (100%) in a set of 4 onshore production field concessions, with integrated facilities, located in the State of […]

Chipotle Pilots New Responsible Restaurant, Launches Sustainability Campaign

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(Chipotle, 11.Apr.2023) — Chipotle Mexican Grill (NYSE: CMG) today announced a new all electric restaurant design that works to maximize energy efficiency in its equipment and systems and utilizes 100% renewable energy from wind power and solar through the purchase of certified renewable energy credits. The company recently opened restaurants with the new […]