(NovoHydrogen, 7.Feb.2023) — NovoHydrogen, a leading renewable hydrogen project developer, today announced that it has closed its seed funding round and officially appointed four esteemed executives to its board of directors. With the board’s guidance throughout 2022, the company has already produced impressive results including the accelerated development of its […]
Year: 2023
![BP Reports Profit of $27.7bn in 2022 [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2020/02/bernard-looney-profile-latamnrg-scaled.jpg)
BP Reports Profit of $27.7bn in 2022 [PDF Downloads]
(Energy Analytics Institute, 7.Feb.2023) — BP plc reported underlying replacement cost profit of $27.7bn in 2022 while reducing its net debt to $21.4bn, company officials said during the company’s quarterly webcast. “Throughout 2022, bp continued to focus on delivery of our Integrated Energy Company strategy. We are helping provide the […]
Mexico Pacific to Sell LNG from Sonora Export Plant to Exxon Mobil
(Reuters, 7.Feb.2023) — Mexico Pacific said that a unit of Exxon Mobil Corp had agreed to buy liquefied natural gas from the Mexican company’s proposed Saguaro Energia LNG export plant in Sonora state. Mexico Pacific said in a news release that ExxonMobil will buy about 2 million tonnes per annum […]
FMC Delivers Record 4Q:22 and 2022 Results
(FMC, 7.Feb.2023) — FMC Corporation (NYSE:FMC) today reported fourth quarter 2022 revenue of $1.62bn, an increase of 15 percent versus fourth quarter 2021, driven by robust volume and strong pricing. Excluding the impact of foreign currencies, organic revenue grew 17 percent year-over-year. On a GAAP basis, the company reported earnings of $2.17 per […]
Hess Recognized for Sustainability Performance
(Hess, 7.Feb.2023) — Hess Corporation (NYSE: HES) has once again received a AAA rating in the latest MSCI environmental, social and governance (ESG) rating assessment. AAA, which is MSCI ESG’s highest rating, designates Hess as a leader in managing industry specific ESG risks relative to peers. Hess is one of only two U.S. oil and gas companies that currently hold […]
MPC Energy Solutions Start Operations for its Solar Plants in El Salvador
(MPC Energy Solutions, 6.Feb.2023) — MPC Energy Solutions (MPCES) announced the start of operations for its Santa Rosa and Villa Sol solar photovoltaic (PV) plants in El Salvador, which have a combined installed capacity of 21.3 MW. Santa Rosa and Villa Sol are the third and fourth projects in the company’s portfolio to start […]
KBR Technology Selected for Green Ammonia Project in Chile
(KBR, 6.Feb.2023) — KBR (NYSE: KBR) announced that its green ammonia technology, K-GreeN®, has been selected by Enaex, S.A. for its innovative HyEx green ammonia project in Chile. The HyEx project will demonstrate operational stability of production of green ammonia using renewable energy from photovoltaic power plants. Toyo Engineering Corporation will undertake […]
Chesapeake Utilities Establishes RNG Injection Point in Florida
(Chesapeake Utilities, 6.Feb.2023) — Chesapeake Utilities Corporation (NYSE: CPK) announces the establishment of a fuel injection point in Yulee, Florida, that enables the receipt of renewable natural gas (RNG) and supports the growing demand for energy from increased residential and commercial needs in Nassau County. The injection point can accept RNG, compressed natural gas […]
Iran to Start Revamp at Venezuela’s Largest Refining Complex
(Reuters, 6.Feb.2023) — State firms from Iran and Venezuela will start in the coming weeks a 100-day revamp of the South American nation’s largest refining complex to restore its crude distillation capacity, four sources close to the plan said. The effort by state oil firm Petroleos de Venezuela (PDVSA) and […]
Motiva Reports Operational Snag at Texas Oil Refinery
(WSJ, 6.Feb.2023) — Motiva Enterprise reported an operational disruption and above-normal flaring of gases over the weekend at its oil refinery in Port Arthur, Texas. “The Motiva Port Arthur Manufacturing Complex experienced a process incident at the refinery that resulted in flaring with emissions in excess of a reportable quantity,” […]
TotalEnergies Obtains CO2 Storage Licenses in Danish North Sea
(TotalEnergies, 6.Feb.2023) — TotalEnergies has been awarded two licenses to explore CO2 storage potential in the Danish North Sea. The licenses are located 250 kilometers off the west coast of Denmark and cover an area of 2,118 km2. The acreage includes the Harald gas fields, currently operated by TotalEnergies, for which […]
Petrobras on 4Q:22 Results, Webcasts
(Petrobras, 6.Feb.2023) — Petrobras will release its 4Q:22 Production and Sales Report on 8 February 2023 and its 4Q:22 Financial Performance Report on 1 March 2023, both after the markets close. On 2 March 2023, two webcasts will be held, the first in Portuguese and the second in English, to […]
Ecopetrol, Frontera, Hocol, Tecpetrol and Cepsa on Blockades In Meta, Colombia
(Frontera, 6.Feb.2023) — Frontera Energy Corporation (TSX: FEC), Ecopetrol, Hocol, Tecpetrol and Cepsa, hydrocarbon companies that operate in Puerto Gaitán (Meta Department), express their deep concern about the serious social and economic consequences resulting from the blockade of the road that leads from Puerto Gaitán to the Rubiales village, which […]
Touchstone Starts Operations at Royston-1X Sidetrack in Trinidad
(Touchstone, 6.Feb.2023) — Touchstone Exploration Inc. (TSX, LSE: TXP) has commenced operations at the Royston-1X sidetrack well located on the onshore Ortoire block in the Republic of Trinidad and Tobago. Touchstone has an 80 percent operating working interest in the well, with Heritage Petroleum Company Limited holding the remaining 20 […]
Mobil Launches 50% Post-consumer Recycled Plastic Pails in India
(ExxonMobil, 3.Feb.2023) — Mobil™, a global leader in lubrication technology innovation, has launched an initiative to encourage sustainable packaging with its 50% Post-Consumer Recycled (PCR) plastic pails. The PCR pails drive the use of recycled plastic, helping reduce plastic waste, and enabling sustainable progress. The company’s 50% PCR pails, first […]
Mexico’s President Says he Won’t Seek an Unconstitutional Second Term
(NPR, 3.Feb.2023) — President AndrĂ©s Manuel LĂłpez Obrador is still immensely popular in Mexico. Across the country you’ll find graffiti and placards that say “Que siga el presidente” (Let the president continue.) In Mexico, there has been a lot of handwringing over the undemocratic tendencies of President AndrĂ©s Manuel LĂłpez […]
Caribbean Seeks Venezuela’s Oil and Gas as U.S. Relaxes Sanctions
(WSJ, 3.Feb.2023) — Caribbean countries battered by high energy costs are turning to Venezuela for oil and gas as the U.S. eases sanctions that have kept its supplies off limits for years. Trinidad and Tobago received a U.S. Treasury Department license in January to develop a Venezuelan gas field. A prospective refinery operator […]
Sempra to Report 4Q:22 and FY:22 Earnings 28 Feb. 2023
(Sempra, 3.Feb.2023) — Sempra (NYSE: SRE) (BMV: SRE) plans to release its fourth-quarter and full-year 2022 earnings by 7 a.m. ET, Tuesday, 28 February 2023. Sempra executives will conduct a conference call at 12 p.m. ET, Tuesday, 28 Feb. Investors, media, analysts and the public may listen to a live webcast of the conference call by […]
Plenitude Inaugurates 263 MW Photovoltaic Plant in Texas
(Eni, 3.Feb.2023) — Plenitude began production at the 263 MW “Golden Buckle Solar Project” in Brazoria County Texas, USA, at the presence of Consul General of Italy in Houston Mauro Lorenzini. The plant was built in just over a year, in an area of over 600 hectares located 80 km […]
Petrobras on Nominations for the Executive Board
(Petrobras, 2.Feb.2023) — Petrobras informs that its CEO Jean Paul Terra Prates has indicated five new members for the composition of the Executive Board: — Trading and Logistics Executive Board, Mr. Claudio Schlosser; — Production Development Executive Board, Mr. Carlos Travassos; — Exploration and Production Executive Board, Mr. Joelson FalcĂŁo; […]
Guyana: FPSO Prosperity Naming Ceremony
(Energy Analytics Institute, 2.Feb.2023) — SBM Offshore held a naming ceremony for the floating production storage and offloading (FPSO) unit Prosperity. “SBM Offshore is extremely honored to continue our part in the shared journey of the nation of Guyana alongside our client ExxonMobil Guyana. Now christened under the care of the First Lady […]
Plenitude Returns to Sanremo in the Name of the Energy Transition
(Eni, 2.Feb.2023) — The journey to improve energy efficiency at the Sanremo Festival, which Plenitude began in 2022 with Rai and Rai PubblicitĂ , continues today. The company is Partner of the 73rd edition of Italy’s most important music event. Plenitude’s presence at Sanremo will focus on the energy transition and […]
CGG and 2CRSi to Launch State-of-the-Art HPC-as-a-Service Offering
(CGG, 1.Feb.2023) — CGG, a global technology and HPC leader specializing in Earth science, data science, sensing and monitoring, and 2CRSi, a designer and manufacturer of high-performance energy-efficient computer servers, have signed a strategic agreement to jointly launch a new high-performance computing (HPC)-as-a-Service (HPCaaS) offering to meet the needs of […]
Petrobras on CARF Judgment
(Petrobras, 1.Feb.2023) — Petrobras informs that, in a session held today, the First Panel of the Superior Chamber of Tax Appeals (CSRF), a body of the Administrative Board of Tax Appeals (CARF), rejected the appeals filed by the company and decided that IRPJ and CSLL taxes are due on the […]
TotalEnergies Tops Ranking of the Forum Pour l’Investissement Responsable (FIR)
(TotalEnergies, 1.Feb.2023) — TotalEnergies tops the ranking of the Forum pour l’Investissement Responsable (FIR), which on January 25 released the survey results for all CAC40 companies ahead of their 2022 Annual Shareholders’ meetings: “How does the CAC 40 meet investor expectations?” FIR is a french association representing all stakeholders in Social and Responsible […]
TotalEnergies Starts Fourth Solar Power Plant in Japan
(TotalEnergies, 1.Feb.2023) — TotalEnergies has started up commercial operation of a 51-megawatt (MW) solar power plant located in Tsu, Mie Prefecture, Japan. The plant, connected to the electricity distribution grid, will supply its electricity to Chubu Electric Power Miraiz Co. Inc., a subsidiary of the regional utility company, through a […]
Italian Police and Eni Renew Deal to Prevent, Combat Cybercrime
(Eni, 1.Feb.2023) — Eni and the Italian State Police have renewed an agreement to prevent and combat cybercrime against information systems and services deemed essential to the country. The agreement, signed in Rome by Lamberto Giannini, Chief of Police and General Director of Public Security, and Claudio Descalzi, CEO of […]
Frontera Announces 2023 Capital And Production Guidance
(Frontera, 1.Feb.2023) — Frontera Energy Corporation (TSX: FEC) announces its full year 2023 capital and production guidance and provides an update on its normal course issuer bid (“NCIB“), its 2023 hedging program and its estimated fourth quarter and 2022 full year average daily production. All values in this news release […]
EAI’s NRGBriefs: Jan. 2023
(Energy Analytics Institute, 31.Jan.2023) — Energy briefs as well as others related to finance and politics during January 2023 including Trinidad and Tobago Prime Minister Dr. Hon. Keith Rowley said during the Trinidad and Tobago Energy Conference (TTEC) in Port of Spain that “in this uncertain global environment, energy is […]
Start-up of Natural Gas Power Generation at Moundou Power Station
(Perenco, 31.Jan.2023) — PetroChad Mangara (PCM), Perenco’s wholly owned Chad subsidiary, is proud to announce the start-up of natural gas generated power at the Moundou Power Station in Chad. Seven months after Perenco entered Chad as operator of the Badila and Mangara fields in the Doba Basin in southern Chad, […]
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Building a Clean Energy Economy [PDF Download]
(The White House, 31.Jan.2023) — When President Biden signed the Inflation Reduction Act (IRA) into law in August 2022, he said the new law “is not just about today, it’s about tomorrow. It’s about delivering progress and prosperity to American families.” The Inflation Reduction Act makes a historic commitment to […]
Frontera Included in the 2023 Bloomberg Gender Equality Index GEI
(Frontera, 31.Jan.2023) — Frontera Energy Corporation (TSX: FEC) announces that it joins 483 other companies as a member of the 2023 Bloomberg Gender-Equality Index (“GEI”), a modified market capitalization-weighted index developed to gauge the performance of public companies dedicated to reporting gender-related data. This reference index measures gender equality across […]
Petrobras on Rating Confirmation by Fitch
(Petrobras, 31.Jan.2023) — Petrobras informs that the rating agency Fitch reaffirmed its rating at “BB-“, with stable outlook, following Brazil’s rating. The stand-alone rating was also reaffirmed at “bbb”, four notches above the country. The agency considers Petrobras’ ratings to be linked to those of the sovereign given the company’s […]
Petrobras on Receiving R$430mn Earnout from BaĂşna
(Petrobras, 30.Jan.2023) — Petrobras, following up on the releases disclosed on 24 July 2020, 28 July 2020 and 9 November 2020, informs that it received today from Karoon PetrĂłleo & Gás Ltda, a subsidiary of Karoon Energy Ltd, the amount of R$430mn, equivalent to the contingent payment of the oil […]
Baker Hughes Unveils New Digital Solutions for Cleaner Energy
(Baker Hughes, 30.Jan.2023) — Baker Hughes (NASDAQ: BKR), an energy technology company, announced at its Annual Meeting in Florence, Italy, the introduction of multiple new digital solutions and investments to advance more intelligent and energy-efficient operations. The result of detailed research conducted with oil and gas, heavy industry and broader industrial customers and […]
Baker Hughes and Fortescue to Jointly Explore Green Hydrogen Projects
(Baker Hughes, 30.Jan.2023) — Baker Hughes (NASDAQ: BKR) announced a memorandum of understanding (MoU) with Fortescue Future Industries (FFI) to jointly explore potential opportunities for the scale up and adoption of novel technology solutions for green hydrogen, green ammonia and geothermal projects. The companies see new pathways to accelerate the energy transition thanks […]
Enphase Energy Expands Solar Deployments in Brazil
(Enphase Energy, 30.Jan.2023) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, today announced that installers of Enphase® products in Brazil have seen a significant increase in deployments of residential solar energy systems powered by IQ7+™ and IQ7AM™ Microinverters. According […]
Maha Energy Enters Deal with Mafraq Energy for Block 70 in Oman
(Maha, 30.Jan.2023) — Maha Energy AB, through its wholly-owned subsidiary Maha Energy (Oman) Ltd. and Mafraq Energy LLC have entered into a Joint Operating Agreement (“JOA”) for Block 70 in Oman, on 28 January 2023. The signature of the JOA, alongside the Governmental approval ratified by Royal Decree 74/2022 and […]
W&T Offshore Closes $275mn Senior Second Lien Notes Offering
(W&T Offshore, 30.Jan.2023) — W&T Offshore, Inc. (NYSE: WTI) closed on its previously announced offering of $275mn in aggregate principal amount of 11.75% Senior Second Lien Notes (the “notes”) due 2026 at par in a private offering that is exempt from registration under the Securities Act of 1933, as amended. […]
ExxonMobil Awards FEED for World’s Largest Low-carbon Hydrogen Facility
(ExxonMobil, 30.Jan.2023) — ExxonMobil announced the next step in the development of the world’s largest low-carbon hydrogen production facility with a contract award for front-end engineering and design (FEED). A final investment decision for the project is expected by 2024, subject to stakeholder support, regulatory permitting, and market conditions. Highlights: […]
Venezuela Tightens Oil Prepayment Rules, Documents Show
(Reuters, 30.Jan.2023) — Venezuela’s state oil firm PDVSA is toughening terms for buyers after a month-long halt to most exports of crude and fuel, demanding prepayment ahead of loadings in either cash, goods or services, company documents showed. PDVSA’s new Chief Executive Pedro Tellechea put the move in place this […]
New Global Finds Drive Exploration to Value Creation
(WoodMac, 30.Jan.2023) — The global oil and gas exploration sector had its strongest year in 2022 in more than a decade. In its work to improve portfolios by adding lower-carbon, lower-cost advantaged hydrocarbons, the sector created at least $US33bn of value and achieved full-cycle returns of 22%, at $US60/barrel Brent […]
QatarEnergy Buys 30% Interest in Two Offshore Blocks in Lebanon
(QatarEnergy, 29.Jan.2023) — QatarEnergy entered into agreements with the Government of Lebanon, TotalEnergies and Eni to become a partner in two exploration blocks offshore the Republic of Lebanon. Pursuant to the terms of the agreements signed in Beirut today, QatarEnergy will hold a 30% working interest in the Exploration and […]
Lebanon: QatarEnergy Joins TotalEnergies and Eni on Two Exploration Blocks
(TotalEnergies, 29.Jan.2023) — TotalEnergies and Eni have completed the transfer to QatarEnergy of a 30% interest in exploration Blocks 4 and 9 off the coast of Lebanon. The agreements were endorsed in Beirut on January 29, during a ceremony attended by His Excellency Dr. Walid Fayad, the Minister of Energy and Water […]
Eni and Partners Transfer 30% Interest in Lebanon Blocks to QatarEnergy
(Eni, 29.Jan.2023) — Eni and TotalEnergies have completed the transfer to QatarEnergy of a 30% interest in exploration Blocks 4 and 9 off the coast of Lebanon. The transfer agreement was signed, at the presence of the Prime Minister of Lebanon, Najib Mikati, by the Minister of Energy and Water […]
Petrobras on Indication of Members of Executive Board
(Petrobras, 27.Jan.2023) — Petrobras, regarding the pieces of news in the media, clarifies that it has not yet been formally communicated about the indication of the members of the Executive Board of the company. Following the usual procedures for nominating company managers, the nominee’s name must go through Petrobras’ internal […]
Petrobras Receiving R$1.3bn Earnout from SĂ©pia
(Petrobras, 27.Jan.2023) — Petrobras received today, up front, the amount of R$1.3bn, regarding the complement of the firm compensation (earnout) for fiscal year 2022, related to the SĂ©pia block. The amount already includes the amount of the gross-up of taxes related to TotalEnergies‘ 28%, Petronas’ 21% and QP Brasil Ltda’s […]
Felipe BayĂłn to head Ecopetrol until 31 Mar. 2023
(Ecopetrol, 27.Jan.2023) — Ecopetrol S.A. informs that Felipe BayĂłn Pardo will lead the company as CEO until 31 Mar. 2023. The Board of Directors recognized Felipe BayĂłn Pardo’s achievements during his leadership as CEO of Ecopetrol since Sep. 2017. Under his tenure, the company achieved excellent operating and financial results […]
Chevron 4Q:22 Earnings Call Transcript, Buybacks and Rising Venezuela Production
(Motley Fool Transcribing, 27.Jan.2023) — Chevron Corporation’s earnings call for the period ending 31 December 2022 with Chairman and Chief Executive Officer Mike Wirth and his comments on topics ranging from share buybacks to production increases in Venezuela. Contents: –Prepared Remarks –Questions and Answers –Call Participants Prepared Remarks: Operator Good […]
Petrobras Approves Election of Jean Paul Terra Prates as CEO
(Petrobras, 26.Jan.2023) — Petrobras informs that its Board of Directors, in a meeting held today, unanimously, appointed Mr. Jean Paul Terra Prates as Petrobras’ Director, until the next General Shareholders’ Meeting and elected him as the company’s CEO, the latter with a mandate until 13 April 2023, the same term […]