Year: 2023

Kootenay Silver Reveals Term Amendments for the Columba Option Agreement

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(Kootenay, 6.Apr.2023) — Kootenay Silver Inc. (TSXV: KTN) has amended the terms for the Columba option agreement to allow for 50% of the April 2023 payment of US$430,000 plus 16% IVA to be paid in common shares of the company. The payment is due on 12 April 2023, and will be paid as follows US$215,000 cash and US$215,000 (plus […]

Petrobras on Organizational Adjustment

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(Petrobras, 6.Apr.2023) — Petrobras announces that its Executive Board, in a meeting held today, approved an organizational adjustment proposal to be submitted to the Board of Directors as part of a continuous improvement process. The proposal has three objectives: (i) prepare the company for the energy transition with the creation […]

Tellurian Enters into Material Definitive Agreement

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(Tellurian, 6.Apr.2023) — On 4 April, 2023, Tellurian Inc. entered into a binding letter of intent (the “LOI”) with a New York-based institutional investor with approximately $120bn in assets under management regarding the sale and leaseback of approximately 800 acres of land owned and/or leased by Driftwood LNG LLC, a […]

Collaborating for Clean Energy at Toyota’s North Alabama Engine Plant

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(Toyota, 5.Apr.2023) — More than 70 percent of Toyota Motor Manufacturing, Alabama’s power will soon be generated by the sun. Today, Huntsville Utilities, Toyota Alabama and Toyota Tsusho America, Inc. (TAI) announced a power purchase agreement (PPA) to support a 168-acre, $49mn solar project. The 30-megawatt solar-generated system will be located in the North Huntsville Industrial […]

Agreement Between Iraq and TotalEnergies

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(Total, 5.Apr.2023) — While confirming all the terms of the Development & Production Contract signed in 2021, TotalEnergies and the Iraqi government have, through exchanges in the past months, including in 4 occasions between Prime Minister Al-Sudani and Chairman & CEO Patrick PouyannĂ©, jointly defined the necessary conditions and mutual […]

Fitch Upgrades Saudi Arabia to ‘A+’; Outlook Stable

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(Fitch Ratings, 5.Apr.2023) — Fitch Ratings upgraded Saudi Arabia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘A+’ from ‘A’. The Outlook is Stable. A full list of rating actions is at the end of this rating action commentary. KEY RATING DRIVERS Balance Sheet Strength Drives Upgrade: The upgrade of Saudi Arabia’s […]

Petrobras on Pricing Policy

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(Petrobras, 5.Apr.2023) — Petrobras reaffirms its commitment to the practice of competitive prices and in balance with the national market, while avoiding the immediate pass-through of external volatility and exchange rate caused by circumstantial events and confirms that it has received no proposal from the Ministry of Mines and Energy […]

Riley Permian Closes New Mexico Acquisition

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(Riley Exploration, 4.Apr.2023) — Riley Exploration Permian, Inc. (NYSE American: REPX) completed its previously announced acquisition of New Mexico oil and natural gas assets from Pecos Oil & Gas, LLC, an affiliate of Cibolo Energy Partners LLC. Consideration for the New Mexico acquisition was $330mn before customary purchase price adjustments. In conjunction with the […]

Canadian Pacific on Results of Early Tenders of Kansas City Southern Notes

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(Canadian Pacific, 3.Apr.2023) — Canadian Pacific (TSX: CP) (NYSE: CP) today announced that as of 5:00 p.m. ET on 31 March 2023 (the “Early Participation Date”), the aggregate principal amounts listed below of seven series of notes, each issued by Kansas City Southern (“KCS”, and such notes, the “Old Notes”), had been validly tendered and […]

Venezuela Opposition Envoy Urges Biden to Ease Oil Sanctions

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(AP, 3.Apr.2023) — The new representative of Venezuela’s opposition in the U.S. is urging the Biden administration to relax crippling oil sanctions on Nicolas Maduro’s government or risk seeing the socialist-run country turn into another Cuba with Washington scapegoated for increasing authoritarianism and economic hardships. Fernando Blasi’s comments to The […]

BidOut Reveals American Energy Management Partnership

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(BidOut, 3.Apr.2023) — Virtually every sector has experienced supply chain disruptions and the oil and gas industry is no exception. One company, BidOut, has developed a solution to streamline those disruptions and has added American Energy Management as a client. BidOut is the leading SaaS procurement platform for oil and […]

Venture Global Supplies First LNG Cargo to Finland

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(Venture Global, 3.Apr.2023) — Vitol announced the delivery of the first LNG cargo to ever arrive in Finland. The tanker, which can hold 174,062 m3 of liquefied natural gas (LNG) was loaded at Venture Global’s Calcasieu Pass LNG export terminal and arrived at the new Inkoo terminal in Finland. “Venture […]

Aker BP Awarded Power from Shore Licence for Yggdrasil 

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(Aker BP, 31.Mar.2023) — Today, the Ministry of Petroleum and Energy (MPE) awarded Aker BP a licence to connect the platforms in the Yggdrasil area to the power grid in Samnanger in Vestland County. The licence was granted pursuant to the Energy Act and the Ocean Energy Act. The power […]

Noble Announces Changes to Share Capital

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(Noble, 31.Mar.2023) — Noble Corporation plc (CSE: NOBLE, NYSE: NE) today announces changes to its share capital. During the period since February 28, 2023, 3,776,358 new A ordinary shares each with a nominal value of USD 0.00001 have been issued. 3,771,978 new A ordinary shares have been issued to certain […]

Petrobras on Bahia Terra Production

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(Petrobras, 31.Mar.2023) — Petrobras, following up on the release disclosed on 14 March 2023, informs that it obtained, on Friday 31 March, authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to resume production from the Araçás field, located in the Bahia Terra Cluster. Thus, the company […]

Petrobras on Strategic Planning

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(Petrobras, 31.Mar.2023) — Petrobras informs that its CEO, Jean Paul Prates, submitted to the Executive Board, which in turn, discussed and validated the following proposals, to be considered in the Strategic Planning, in compliance with current governance practices, the commitment to create value and the company’s long-term financial sustainability: 1) […]

Forbes Names TechnipFMC in its World’s Top 400 Female-Friendly Companies List

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(TechnipFMC, 31.Mar.2023) — TechnipFMC was recognized by Forbes as one of the World’s Top 400 Female-Friendly Companies in 2022 in an independent study conducted in partnership with market research company Statista. To compile this ranking, Statista surveyed around 85,000 women working at multinational institutions in 36 countries. Its analysts sifted […]

Aker BP and OMV Awarded Licence for CCS in Norwegian Continental Shelf

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(Aker BP ASA, 31.Mar.2023) — Aker BP (OSE: AKRBP) (OTCQX: AKRBF) (OTCQX: AKRBY) and OMV (Norge) AS have entered into a collaboration agreement for carbon capture and storage (CCS) and have been awarded a licence in accordance with the CO2 Storage Regulations on the Norwegian Continental Shelf (NCS). RELATED: Award of two […]

Award of Two New CO2 Storage Licences on the Norwegian Continental Shelf

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(Les pĂĄ norsk, 31.Mar.023) — Today the Norwegian Ministry of Petroleum and Energy publishes offers for two new exploration licences related to CO2 storage under the storage regulations on the Norwegian continental shelf in the North Sea. — The establishment of commercial capture and storage of CO2 is imporant for the […]

Global Gas Flaring Tracker Report [PDF Download]

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(The World Bank, 31.Mar.2023) — After a decade of little progress, global gas flaring volumes fell by around 3% in 2022. However, despite this welcome reduction, greater and sustained efforts are needed to end this wasteful and polluting practice. The growing sense of urgency in tackling global gas flaring is […]

EAI’s NRGBriefs: Mar. 2023

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(Energy Analytics Institute, 31.Mar.2023) — Energy briefs as well as others related to finance and politics during March 2023 including Staatsolie Hydrocarbon Institute (SHI), a wholly owned subsidiary of Staatsolie Maatschappij Suriname N.V., and launch of a competitive bid round of six new blocks in the currently sparsely explored Demerara […]

Marathon Oil to Further Develop Equatorial Guinea Gas Mega Hub

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(Marathon Oil Corp., 30.Mar.2023) — Marathon Oil Corporation (NYSE: MRO), through its affiliated company Marathon E.G. Holding Limited, has signed a Heads of Agreement (HOA) with the Republic of Equatorial Guinea (E.G.) and Noble Energy E.G. Ltd, a Chevron company, to progress the next phases (Phases II and III) in the development of the […]

Uranium Energy on Uranium Producers of America

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(Uranium Energy, 29.Mar.2023) —Uranium Energy Corp (NYSE American: UEC) announced that Scott Melbye, UEC’s Executive Vice President, has been re-elected to serve another term as President of the Uranium Producers of America (UPA). Amir Adnani, President and CEO stated: “We congratulate Scott on his re-election to the position of President of […]

Petrobras on Climate Supplement

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(Petrobras, 29.Mar.2023) — Petrobras released the new edition of its Climate Supplement. The document details information regarding Petrobras’ emissions performance in 2022, in addition to the progress made in indicators related to climate change commitments. The Climate Supplement also presents how the challenges of climate change are reflected in the […]

MPC Energy Expands Further into Puerto Rico

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(MPC Energy, 28.Mar.2023) — MPC Energy Solutions (MPCES) invests in a 2.6 MW grid-tied combined-heat-and-power plant (CHP) development project in Puerto Rico. This is the second project in Puerto Rico for MPC Energy Solutions, following the investment in its Neol CHP plant last year. The new plant will generate electricity using liquefied natural […]

Frontera Refinances Existing Puerto BahĂ­a Debt, Enters Into Credit Agreement

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(Frontera, 27.Mar.2023) — Frontera Energy Corporation (TSX: FEC) announces that Frontera’s wholly-owned subsidiary, Pipeline Investment Limited (PIL), which owns a 35% equity interest in Oleoducto de los Llanos Orientales S.A. (ODL), and Macquarie Group (the “Lender”) have entered into a credit agreement through which the Lender will provide a $120mn loan […]

Baker Hughes to Supply Trains for Port Arthur LNG Phase 1 Project

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(Baker Hughes, 27.Mar.2023) — Baker Hughes (NASDAQ: BKR), an energy technology company, has been awarded an order by Bechtel to supply two Main Refrigerant Compressors (MRCs) for Sempra Infrastructure’s Port Arthur LNG Phase 1 project in Jefferson County, Texas, following the positive Final Investment Decision (FID) announced March 20. Through the […]

ONE GUYANA FPSO Reaches Drydock [Video]

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(Energy Analytics Institute, 24.Mar.2023) — The ONE GUYANA FPSO has arrived in drydock at Keppel shipyard. This marks a key milestone in the project, this phase will include work on the vessel, installation of the mooring structures and riser balcony, SBM Offshore announced 24 March 2023 in an official statement […]

Petrobras on Route 3 Integrated Project 

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(Petrobras, 24.Mar.2023) — Petrobras, following up on the release disclosed on 09/23/22, has signed a contract with the company Toyo Setal Empreendimentos Ltda. to conclude the works on the Natural Gas Processing Unit (UPGN) of the ItaboraĂ­ Gaslub Cluster, which had been halted since June 2022. With the resumption of […]

TotalEnergies Publishes its Full Response to Le Monde French Newspaper

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(TotalEnergies, 23.Mar.2023) — Contrary to Le Monde French newspaper’s assertion that TotalEnergies refused to respond to so-called accusations, we are publishing the exhaustive answers we gave to Le Monde in the context of the preparation of its article on the Adani Group. 1) Indian stock market regulations require that publicly listed companies […]

Petrobras Comments on Its Price Policy

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(Petrobras, 23.Mar.2023) — Petrobras, regarding the pieces of news published in the media about the company’s Price Policy, clarifies that product price adjustments are made in the normal course of its business. Petrobras reiterates its commitment to the practice of competitive prices and in balance with the market, while avoiding […]