2023 - Page 18 of 22 - Energy Analytics Institute (EAI)

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Paratus Energy Services Ltd Announces 4Q:22 Trading Update

(Paratus Energy, 21.Mar.2023) — Paratus Energy Services Ltd. announced a trading update for the fourth quarter 2022 and updates on Paratus, its subsidiaries and associated companies. 1. Key Financial Highlights 1.1 Paratus In the fourth quarter ending 31 December 2022, Paratus generated $52mn in revenue and $24mn in EBITDA[1]. In the third quarter ending 30 September 2022, Paratus […]

CGG, TGS and BGP Complete Phase IV of 3D Multi-Client Survey Offshore Suriname

(CGG, 21.Mar.2023) — CGG, a global technology and HPC leader, in a consortium with TGS and BGP, announced the completion of Phase IV of the deepwater 3D seismic survey offshore Suriname. Fast-track products for this recently completed Phase IV will be ready for review towards the middle of this year, […]

Sempra Launches Port Arthur LNG with $13bn FID [Video + PDF Download]

(Sempra, 20.Mar.2023) — Sempra (NYSE: SRE) (BMV: SRE) announced that its 70%-owned subsidiary, Sempra Infrastructure Partners, LP, reached a positive final investment decision (FID) for the development, construction and operation of the Port Arthur LNG Phase 1 project in Jefferson County, Texas. Sempra Infrastructure closed its joint venture with an affiliate of ConocoPhillips (NYSE: COP), as […]

Ecopetrol Obtains Authorization to Borrow One Trillion Pesos from Bancolombia

(Ecopetrol, 17.Mar.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, as part of its integral debt management strategy and the refinancing of the debt maturing on 2023, through Resolution 0655 of 16 March 2023, it received the authorization of the Ministry of Finance and Public Credit to enter into a one […]

Petrobras on Letter from the Ministry of Mines and Energy (MME)

(Petrobras, 17.Mar.2023) — Petrobras, following up on the release disclosed on March 1, 2023, informs that its Executive Board has forwarded for the appreciation of the Board of Directors the following proposal for response to Letter 166/2023/GM-MME from the Ministry of Mines and Energy (MME): we carried out a preliminary […]

Convening of Annual Shareholders’ Meeting of 26 May 2023

(Petrobras, 16.Mar.2023) — The Board of Directors of TotalEnergies SE, met on 15 March 2023 under the chairmanship of Patrick Pouyanné, Chairman and Chief Executive Officer. It has decided to convene the Ordinary and Extraordinary Shareholders’ Meeting of the company on Friday, 26 May 2023. The Notice of Meeting will […]

Petrobras on Nominations to Board of Directors and Fiscal Council

(Petrobras, 15.Mar.2023) — Petrobras, following up on the press releases of 02/28/2023, 03/01/2023 and 03/08/2023, informs that it received an official letter from the Ministry of Mines and Energia (MME) presenting, in a supplementary manner, three nominations of candidates for the slate of the Federal Government, as controlling shareholder, for […]

Shell Takes FID at Dover in US Gulf of Mexico

(Shell, 15.Mar.2023) — Shell Offshore Inc., a subsidiary of Shell plc, announced the Final Investment Decision (FID) for Dover, a planned subsea tieback to the Shell-operated Appomattox production hub in the US Gulf of Mexico (GoM). Dover is expected to start production in late 2024-early 2025 and produce up to […]

Guyana Gov’t Releases Draft Model Petroleum Agreements [PDF Downloads]

(Ministry of Natural Resources, 14.Mar.2023) — The Ministry of Natural Resources, on behalf of the Government of Guyana, is pleased to announce the release of the draft Model Petroleum Agreements for both the deepwater and shallow-water area, and the commencement of a fourteen-day consultation period before finalisation. The draft Model Petroleum Agreements embody rigorous […]

Petrobras on Bahia Terra Production Stoppage

(Petrobras, 14.Mar.2023) — Petrobras, following up on the release disclosed on 13 December 2022, clarifies that it is taking all necessary steps to resume production at the Bahia Terra Cluster by April. The cluster had its operations halted at the request of the National Agency of Petroleum, Natural Gas and […]

Interoil Releases Feb. 2023 Production Report

(Interoil, 13.Mar.2023) — In February 2023, Interoil’s average daily operated production increased by 573 boepd recovering most of the lost production from previous months. During February the production growth is explained by the recovering of shut-in wells in Argentina whilst Colombia’s production still faces community’s issues causing the mobilization of […]

Petrobras Says No BOD Decision Regarding Bahia Terra Cluster Divestment

(Petrobras, 13.Mar.2023) — Petrobras, regarding the pieces of news released in the media, informs that the divestment process of the Bahia Terra Cluster is in the negotiation phase with the consortium of companies Petrorecôncavo and Eneva, and no decision has been taken by the Executive Board and the Board of […]

Citgo Offers to Purchase $407mn in Senior Notes

(Citgo, 13.Mar.2023) — Citgo Holding, Inc., a Delaware corporation, today announced its offer to purchase (the “Offer”) for cash an aggregate principal amount of up to $406.645mn (the “Excess Cash Flow Offer Amount”) of its 9.25% Senior Secured Notes due 2024 (the “Notes”) at a purchase price equal to 100% of the principal amount […]

Venture Global Announces FID for Phase II of Plaquemines LNG facility

(Venture Global, 13.Mar.2023) — Venture Global LNG is announcing a final investment decision (FID) and successful closing of the $7.8bn project financing for the second phase of the Plaquemines LNG facility. Together, phase one and phase two represent approximately $21bn of investment, the largest project financing ever done. The proceeds of the debt […]

Energy Minister Meets with Shell Execs in Texas

(Trinidad Guardian, Chester Sambrano, 10.Mar.2023) — Minister of Energy and Energy Industries, Stuart Young MP, has held talks with Shell Executives in Houston, Texas, this week. Minister Young is attending CERAWeek. CERAWeek is hosted by S&P Global and is considered one of the world’s premier energy conferences. In a statement, […]

Petrobras and Shell Ink MOU during CERAWeek

(Petrobras, 9.Mar.2023) — Petrobras announces that its CEO Jean Paul Prates, and Wael Sawan, Shell‘s CEO, signed today a Memorandum of Understanding, during CERAWeek, in Houston, in order to encourage discussion and collaboration between the companies. The companies will work together on identifying potential upstream opportunities, sharing experience and best […]

Citgo Reports 4Q:22 and YE:22 Results

(Citgo, 9.Mar.2023) Citgo Petroleum Corporation today reported its 2022 fourth quarter and year-end financial results. Highlights: Fourth quarter net income of $806mn and EBITDA[1] of $1.2bn Fourth quarter total refinery crude throughput of 797,000 barrels-per-day (bpd), 4% above nameplate capacity of 769,000 bpd Repayment in full of the $1.1bn outstanding under Citgo Petroleum’s […]

T&T Energy Minister Holds Successful Talks at CERAWeek in Houston

(Loop, 8.Mar.2023) — Energy Minister Stuart Young says he has had successful discussions at CERAWeek in Houston where a number of important engagements with key stakeholders in the energy industry at a global level, to further progress this country’s energy sector development. CERAWeek is widely considered to be the most prestigious […]

Pow.re Secures 100 MW of Renewable Power in Paraguay

(Pow.re, 8.Mar.2023) — Pow.re Holdings Limited, a high-density computing (“HDC”) and fintech enterprise, has entered into a binding agreement with a local partner to secure a 100 MW power allocation at a fixed rate for 5 years from ANDE’s newly built Yguazu substation in Paraguay. This week, construction began on the […]

Freeport LNG Gets FERC Approval to Restart Train 1

(Freeport LNG, 8.Mar.2023) — Freeport LNG Development, L.P. announced that it has received regulatory approvals from the Federal Energy Regulatory Commission (FERC) and the Pipeline and Hazardous Materials Safety Administration (PHMSA) to restart Train 1, the final train of Freeport LNG’s three train liquefaction facility to receive restart authorization. Freeport […]

Biden-⁠Harris Administration Advances Cleaner Industrial Sector

(The White House, 8.Mar.2023) — Today, the Biden-Harris Administration announced new actions to grow American competitiveness, expand manufacturing jobs, and reduce greenhouse gas emissions from the industrial sector, which includes production of steel, aluminum, chemicals, and concrete, and currently contributes nearly one-quarter of U.S. emissions. These actions will boost the already historic […]

Chevron and JERA to Explore CCS projects in the US and Australia

(Chevron, 7.Mar.2023) — Chevron New Energies, a division of Chevron U.S.A. Inc., and JERA Co., Inc. have signed a Memorandum of Understanding (MOU) that provides a framework for their collaboration on carbon capture and storage (CCS) projects located in the United States and Australia. This MOU has the potential to […]

KAPSARC to Participate in CERAWeek by S&P Global 2023

(KAPSARC, 5.Mar.2023) — The Riyadh-based King Abdullah Petroleum Studies and Research Center (KAPSARC) will join the world’s energy industry leaders, experts, government officials and policymakers at the 41st annual CERAWeek by S&P Global, to be held from 6-10 March in Houston, Texas. KAPSARC is an affiliate partner of this year’s CERAWeek […]

Elon Musk Plans to Build the World’s Largest Tesla Plant in Mexico

(Mexican Gov’t, 2.Mar.2023) — Elon Musk announces plan to build the largest Tesla plant in the world in Mexico. Highlights: –Construction of the factory will create between five to six thousand jobs in Mexico, with an investment reaching $5bn –The investment is part of the Mexican Foreign Ministry’s electromobility strategy […]

Petrobras on Change to Price Policy

(Petrobras, 2.Mar.2023) — Petrobras, in clarification to the pieces of news released by the media, informs that, in the scope of the Executive Board and the Market and Price Executive Group, there is no discussion for the company to change its Price Policy, and reiterates its commitment to the practice […]

ExoCoBio Gets License For Hyaluronic Acid Dermal Fillers from Brazil ANVISA

(ExoCoBio, 2.Mar.2023) — ExoCoBio Inc. announced that it obtained the “Certificate of Advanced Biopharmaceutical Manufacturing” from the Ministry of Food and Drug Safety in Korea and the “HA Filler GMP Certification” from the Brazilian Food and Drug Health Monitoring Agency (ANVISA). This advanced biopharmaceutical manufacturing license was obtained in accordance […]

Exxon Mobil Corp. Sued by EEOC for Race Discrimination

(US EEOC, 2.Mar.2023) — Exxon Mobil Corporation, doing business as ExxonMobil Chemical Corporation, violated federal law when it failed to take effective measures to prevent the display of hangman’s nooses at its Baton Rouge complex, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit filed on March 2, […]

Petrobras Financial Performance in 4Q:22 [PDF Download]

(Petrobras, 1.Mar.2023) — Petrobras reported its financial performance in the fourth quarter of 2022. Message from the CFO Dear shareholders and investors, With a strong sense of accomplishment, we are very proud to share 2022 results. They are the synthesis of a long trajectory of huge challenges which were overcome, […]

Petrobras on 4Q:22 Tax Report [PDF Download]

(Petrobras, 1.Mar.2023) — In 2022, Petrobras achieved its annual tax contribution record, collecting a total of R$279bn in taxes and Government Take (Gov. Take) in Brazil and US$134mn paid abroad. In addition to the amount paid to public coffers, we also highlight the R$194bn distributed in the form of dividends, […]

TotalEnergies Acquires CEPSA’s Upstream Assets in Abu Dhabi

(TotalEnergies, 1.Mar.2023) — TotalEnergies signed an agreement with CEPSA to acquire CEPSA’s upstream assets in the United Arab Emirates with an effective date of 1 January 2023. The assets to be acquired are: a 20% participating interest in the Satah Al Razboot (SARB), Umm Lulu, Bin Nasher and Al Bateel […]

Petrobras on Remuneration to Shareholders

(Petrobras, 1.Mar.2023) — Petrobras informs that its Board of Directors, at a meeting held today, authorized, by a majority vote, the submission to the General Shareholders’ Meeting, scheduled for 27 April 2023, the proposal for distribution of dividends equivalent to R$ 2.74573369 per outstanding preferred and common share. The proposed […]

Ecopetrol’s 2022 Earnings Distribution Proposal

(Ecopetrol, 28.Feb.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) hereby informs of the company’s 2022 earnings distribution proposal, approved by the company’s Board of Directors, which will be submitted for the consideration of the General Shareholders’ Meeting that will take place on 30 March 2023: 2022 EARNINGS DISTRIBUTION PROPOSAL (Colombian Pesos- COP) Net income […]

Ecopetrol Reports Strong 4Q:22 Results [PDF Downloads]

(Ecopetrol, 28.Feb.2023) — During 2022, the Ecopetrol Group continued delivering record operating and financial results and above the targets set at the beginning of the year. This, together with environmental, social and governance actions consistent with best industry practices and standards, and in line with our commitment to generate sustainable […]

Noble Announces Changes to its Share Capital

(Noble, 28.Feb.2023) — Noble Corporation plc (CSE: NOBLE, NYSE: NE) announces changes to its share capital. During the period since 31 January 2023, 404,861 new A ordinary shares each with a nominal value of USD 0.00001 have been issued. 280 new A ordinary shares have been issued to certain holders of […]

Excelerate and Venture Global Announce SPA

(Venture Global, 28.Feb.2023) — Excelerate Energy, Inc. (NYSE: EE) and Venture Global LNG announced the execution of a 20-year LNG Sales and Purchase Agreement (SPA). Under the SPA, Excelerate will purchase 0.7 million tonnes per annum (MTPA) of liquefied natural gas (LNG) on a free on board (FOB) basis from […]

Chevron Reaffirms Higher Returns, Lower Carbon Objectives [PDF Download]

(Chevron, 28.Feb.2023) — At its annual investor meeting, Chevron Corporation (NYSE: CVX) reported on its progress to leverage its strengths to safely deliver lower carbon energy to a growing world. Highlights Raises share buyback guidance to $10bn to $20bn per year Expects free cash flow annual growth greater than 10% […]

Petrobras on Candidates Nominated for BODs [PDF Download]

(Petrobras, 28.Feb.2023) — Petrobras received an official letter from the Ministry of Mines and Energy (MME) containing the list of candidates who will compose the slate of the Federal Government, in the capacity of controlling shareholder, to the eight seats on the Board of Directors (BoD), whose elections will take […]

John F. Kerry to Address CERAWeek by S&P Global 2023

(S&P Global, 27.Feb.2023) — The United States Special Presidential Envoy for Climate, John F. Kerry, will address delegates at the 41st annual CERAWeek by S&P Global, 6-10 March in Houston. The first-ever Principal to sit on the U.S. National Security Council entirely dedicated to climate change, Mr. Kerry previously served as the 68th […]

AES Delivers on All 2022 Financial and Strategic Objectives

(AES, 27.Feb.2023) — The AES Corporation (NYSE: AES) today reported financial results for the year ended 31 December 2022. “2022 was another record year for AES, one in which we delivered on all of our financial and strategic objectives. We continue to see massive growth in our renewables business, and in 2022, […]

GoldMining Launches US GoldMining IPO

(GoldMining, 27.Feb.2023) — GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) announced that its subsidiary, U.S. GoldMining Inc. (“USGO”) has filed a registration statement on Form S-1 in connection with its initial public offering (IPO) of units (the “Units”). U.S. GoldMining is offering up to 2,000,000 Units under the IPO at […]

Venture Global on Roof Raising at Plaquemines LNG Facility

(Venture Global LNG, 27.Feb.2023) — Today, Venture Global LNG announced the successful raising of the roof of the first LNG storage tank at the Plaquemines LNG export facility in Plaquemines Parish, Louisiana. This major project milestone was completed ahead of schedule and comes nine months after the project’s final investment […]

Noble Announces 4Q:22 and YE:22 Results

(Noble, 27.Feb.2023) — Noble Corporation plc (NYSE: NE, CSE: NOBLE) reported fourth quarter and full year 2022 results. Highlights: Integration of Maersk Drilling well underway, with over $50mn of synergies realized to date Noble establishes offshore drilling industry leadership in returning capital to shareholders, with, $96 million in share repurchases […]

The Dragon Dance

(Trinidad and Tobago Newsday, 25.Feb.2023) — Energy Minister Stuart Young has again expressed confidence that Trinidad and Tobago (TT) would successfully conclude and execute a deal to receive gas from Venezuela’s Dragon Field, but the challenges before first gas are not to be underestimated. Young gave an update with little […]

Ecopetrol Boosts Reserves to 2,011 MMboe at YE:22, Highest in 8 Years

(Ecopetrol, 24.Feb.2023) — Ecopetrol S.A. (BVC: ECOPETROL, NYSE: EC) reported its proven crude oil, condensate, and natural gas reserves (1P reserves according to the standard international denomination), which include the results of Ecopetrol and its subsidiaries, as of 31 December 2022. Highlights: The reserves-to-production or average reserves life of the Ecopetrol Group […]

Gas Contracts Central to Nord Stream Pipeline Mystery

(WoodMac, 24.Feb.2023) — Responsibility for the attack last September remains unknown. It could be crucial for multi-billion dollar arbitration claims. “A wise man,” wrote the Scottish philosopher David Hume, “proportions his belief to the evidence.” Hume was one of history’s greatest sceptics, who argued that beliefs should always be based […]

Ecopetrol Publishes Measures Ahead of General Shareholders’ Meeting

(Ecopetrol, 24.Feb.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that to comply with the provisions of Part III Title I Chapter VI of the Basic Legal Circular issued by the Financial Superintendence of Colombia (E.C. 029 of 2014), the Board of Directors of Ecopetrol approved the implementation of the measures described below which […]

Trinidad to Begin Negotiations for Gas Deal with Venezuela in March

(Reuters, 24.Feb.2023) — Trinidad and Tobago expects to formally begin negotiations next month with Venezuela on a promising offshore natural gas project, the Caribbean nation’s energy minister said on Feb. 23. A deal would help revive the nation’s gas production, which contributes a large part of its export revenue and […]

Ecopetrol on General Shareholders’ Meeting

(Ecopetrol, 24.Feb.2023) — The Chief Executive Officer of Ecopetrol S.A. hereby summons all Shareholders to the ordinary Assembly of the General Shareholders’ Meeting to be held on Thursday, 30 March 2023, starting at 9 a.m., at the Centro Internacional de Negocios y Exposiciones (Corferias), located on Carrera 37 No. 24 – 67 in Bogota, D.C The Agenda for the meeting will be the Safety guidelines […]

Mandalay Resources Reveals 4Q:22, YE:22 Results

(Mandalay, 24.Feb.2023) — Mandalay Resources Corporation (TSX: MND) (OTCQB: MNDJF) announced its financial results for the fourth quarter and year ended December 31, 2022. The company’s audited consolidated financial results for the year ended December 31, 2022, together with its Management’s Discussion and Analysis (“MD&A”) for the corresponding period, can be accessed […]

Majors Capex Guidance Update

(Energy Analytics Institute, 23.Feb.2023) — “Despite bumper profits, the peer group is guiding towards $118bn in total investment in 2023, up just 4% on last year. This reflects the priorities of capital discipline, targeted investment in the best projects and shareholder returns – the group collectively returned $117bn to investors […]