(Trinidad Express, 17.Oct.2023) — Trinidad and Tobago can now make cash payments to Venezuela for the natural gas extracted from the Dragon field, Energy Minister Stuart Young has announced. He also disclosed that the United States government has approved an amendment to the licence granted in January for the joint […]
Year: 2023
![Trinidad on Amendment to OFAC License [Video]](https://energy-analytics-institute.org/wp-content/uploads/2022/04/meei-hq-in-pos-trinidad-energy-analytics-institute-scaled.jpg)
Trinidad on Amendment to OFAC License [Video]
(TT MEEI, 17.Oct.2023) — The Honourable Stuart R. Young, MP, Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister announced that The Office of Foreign Assets Control (OFAC) of the US Department of the Treasury, issued an amendment to the license granted to the […]
Scotland: TotalEnergies Commissions Its Biggest Offshore Wind Farm
(TotalEnergies, 17.Oct.2023) — TotalEnergies and its partner SSE Renewables announced that their Seagreen offshore wind farm is now fully operational and running at its design capacity of 1,075 MW. Seagreen is a joint venture between TotalEnergies (51%) and SSE Renewables (49%). It is located in the North Sea, some 27 […]
Orvana Achieves FY:2023 Guidance
(Orvana, 16.Oct.2023) — Orvana Minerals Corp. (TSX: ORV) reports fourth quarter of fiscal year 2023 (“Q4 FY2023”) production and exploration results from Spain and announces the registration of its subsidiary, Empresa Minera Paitití, S.A. (EMIPA), as a Bond Issuer in the Bolivian stock market. Highlights Q4 FY2023 production of 15,567 gold equivalent ounces […]
Petrobras Breaks Monthly, Quarterly Production Records
(Petrobras, 16.Oct.2023) — Petrobras broke its quarterly record for operated oil and gas production in the third quarter of this year, with 3.98 million barrels of oil equivalent (boe), 7.8% above the second quarter. It also achieved a monthly record for operated production in September, with a volume of 4.1 […]
Marathon Oil Inks LNG Sales Deal for Alba Gas in E.G.
(Marathon, 16.Oct.2023) — Marathon Oil Corporation (NYSE: MRO) announced that through its wholly-owned subsidiaries it has entered into a five-year firm LNG sales agreement with Glencore Energy UK Ltd, a subsidiary of Glencore PLC (LSE: GLEN), for a portion of its equity natural gas produced from the Alba Field (Alba Unit, MRO […]
Venezuelans Return to Negotiations
(US Treasury, 16.Oct.2023) — The United States welcomes the announcement by Nicolas Maduro representatives and the Unitary Platform to resume Venezuelan-led negotiations in Barbados. Along with likeminded partners and other friends of Venezuela, the United States will continue its efforts to unite the international community in support of the Venezuelan-led […]
River Metals Recycling Announces Acquisition
(Nucor, 16.Oct.2023) — Nucor Corporation (NYSE: NUE) announced an acquisition today on behalf of its recycling subsidiary River Metals Recycling (RMR). RMR has acquired all Cincinnati-based Garden Street Iron & Metal assets, including one feeder and one shredder yard, bringing RMR’s total number of recycling facilities to 19. This is consistent with […]
Venezuela, Opposition Will Restart Talks, US Could Ease Sanctions
(Reuters, 16.Oct.2023) — Venezuela’s government and the country’s opposition will return to political negotiations, the two sides said on Monday, while sources said the United States has reached a preliminary deal to ease sanctions if President Nicolas Maduro follows through on a commitments related to a 2024 election. Maduro’s representatives […]
Oil Dips Below $90 a Barrel as US Agrees Venezuela Deal
(Reuters, 16.Oct.2023) — Oil futures fell on Monday on reports that the U.S. had agreed a deal to ease sanctions on Venezuela, while investors continued to mull the potential impact of the escalating Israel-Hamas conflict on oil prices. Brent futures were down $1.08, or 1.19%, at $89.81 a barrel at […]
US to Ease Sanctions on Venezuelan Oil for Freer Presidential Election
(The Washington Post, 16.Oct.2023) — The Biden administration and the government of Venezuelan President Nicolás Maduro have agreed to a deal in which the U.S. would ease sanctions on Venezuela’s oil industry and the authoritarian state would allow a competitive, internationally monitored presidential election next year, according to two people […]
Ellipsis US Onshore Buys Additional Delaware Basin Assets
(Ellipsis, 16.Oct.2023) — Ellipsis U.S. Onshore Holdings LLC, a portfolio company of Westlawn Group LLC, announced the acquisition of additional assets located in the Delaware Basin of Texas and New Mexico. Ellipsis acquired non-operated oil and gas properties consisting of 3,000 net acres, current production of more than 3,000 boe/d (2-stream) and significant operational upside […]
Ecopetrol Names Rivera VP of Science, Technology, and Innovation
(Ecopetrol, 14.Oct.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that the Board of Directors, during its meeting held on 13 October 2023, appointed Luis Felipe Rivera as the Vice President of Science, Technology, and Innovation, effective from 23 October 2023. Dr. Rivera holds a degree in Systems Engineering from Universidad Industrial de Santander, a specialization […]
NGC and Methanex Ink Gas Supply Deal
(NGC, 13.Oct.2023) — The National Gas Company of Trinidad and Tobago Limited (NGC) and Methanex Trinidad Limited signed a new Gas Sales Contract (GSC) for the supply of gas to the Titan methanol plant on the Point Lisas Industrial Estate (PLIE). The agreement with Methanex – the world’s largest producer […]
Petrobras Informs About 3Q:23 Results
(Petrobras, 13.Oct.2023) — Petrobras will release its 3Q23 Production and Sales Report on 26 October 2023, and its 3Q23 Financial Performance Report on 9 November 2023, both after the markets close. On 10 November 2023, a webcast will be held to present the company’s results for the third quarter of […]
Biden-Harris Administration Announces Regional Clean Hydrogen Hubs
(The White House, 13.Oct.2023) — Today, President Biden and Energy Secretary Jennifer Granholm are announcing seven regional clean hydrogen hubs that were selected to receive $7bn in Bipartisan Infrastructure Law funding to accelerate the domestic market for low-cost, clean hydrogen. Advancing clean hydrogen is essential to achieving the President’s vision […]
Expo City Dubai is the Venue for COP28
(UAE Embassy in the US, 12.Oct.2023) — The UAE will host the 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28) from November 30 to December 12, 2023 at Expo City Dubai to unite the world towards agreement on bold, practical and ambitious solutions to the most pressing […]
ExxonMobil Purchase of Pioneer Creates World’s First Megamajor
(WoodMac, 12.Oct.2023) — Addressing ExxonMobil’s purchase of Pioneer Natural Resources, Tom Ellacott, senior vice president of Corporate Research for Wood Mackenzie said, “We predicted several years ago that Big Oil would get bigger, highlighting ExxonMobil as a likely aggregator in US tight oil. Yesterday, the company announced the acquisition of […]
ExxonMobil Announces $59.5bn Merger with Pioneer in an All-Stock Deal
(ExxonMobil, 11.Oct.2023) — ExxonMobil Corporation (NYSE: XOM) and Pioneer Natural Resources (NYSE: PXD) jointly announced a definitive agreement for ExxonMobil to acquire Pioneer. The merger is an all-stock transaction valued at $59.5bn, or $253 per share, based on ExxonMobil’s closing price on 5 Oct. 2023. Under the terms of the agreement, […]
H2 Bolivia S.A. Advancing Renewable Project
(H2 Bolivia, 11.Oct.2023) — H2 Bolivia S.A. is advancing in the design of it’s project along with Urbas Grupo Financiero SA-Urbas Energy, a spanish company with vast experience in the region and with whom it is intended to have the engineering of the project in the near term. This milestone, together […]
![Ecopetrol Presents Reports on Climate Change Management [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2020/10/Ecopetrol-1200x900-1.jpg)
Ecopetrol Presents Reports on Climate Change Management [PDF Downloads]
(Ecopetrol, 10.Oct.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that it has published its third TCFD report as of December 31, 2022, which highlights progress in strengthening climate-related risk and opportunity management processes through discussions on Governance, Strategy, Risks and Metrics and Targets. The disclosure of this third report is in line […]
Tania Ortiz Appointed to BODs of US-Japan Business Council
(Sempra, 10.Oct.2023) — Sempra Infrastructure, a subsidiary of Sempra, announced that its president, Tania Ortiz Mena, has been appointed to the Board of Directors for the US Chamber of Commerce‘s US-Japan Business Council (USJBC). She will also be the U.S. co-chair of the Energy and Infrastructure Working Group. “Given Japan’s heavy dependence on imported energy, the US-Japan Business Council has shown […]
Westport Collaborates with Partners on Hydrogen-Powered Heavy Truck in Spain
(Westport Fuel Systems, 10.Oct.2023) — Westport Fuel Systems Inc. (TSX: WPRT) (Nasdaq: WPRT), a supplier of advanced alternative fuel systems and components for the global transportation industry, today announced the successful completion of a heavy transport demonstration with its H2 HPDI™ fuel system equipped prototype truck hauling a refrigerated trailer in Madrid, Spain. The […]
Mozambique LNG TotalEnergies Publishes Response to French Newspaper
(TotalEnergies, 10.Oct.2023) — French daily newspaper Le Monde recently published an article mentioning the Mozambique LNG project. Detailed answers were provided to the questions of the journalist. However, given the lack of use of our responses in the article, and in the interests of transparency, the answers that we gave to the […]
TAAG Angola Airlines to Renew Fleet with Boeing 787 Dreamliners
(Boeing, 10.Oct.2023) — Boeing [NYSE: BA] and TAAG Angola Airlines announced that the African carrier is adding the highly fuel-efficient 787 Dreamliner to its fleet with an order for four widebody jets. “Our goal is to work with the best manufacturers in the world towards a multi-type fleet, in order to […]
South African Energy Minister Makes the Case for Oil & Gas Investment
(Energy Capital Power, 10.Oct.2023) — South Africa’s Minister of Mineral Resources and Energy Gwede Mantashe called for the unified and continued development of Africa’s oil and gas resources during an event in Cape Town on Tuesday. Citing Africa’s rich hydrocarbon and critical mineral endowments and frontier discoveries in Namibia, Ivory Coast and […]
Summit Nanotech Appoints Sandro Mazzini as CCO
(Summit Nanotech, 10.Oct.2023) — Summit Nanotech announces the appointment of Sandro Mazzini as Chief Commercial Officer (CCO). Mazzini brings over 30 years of experience in process technology design and commercial development strategy to Summit, with an extensive record of delivering valuable customer engagements in a global capacity. His expertise, both on […]
Petrobras Achieves High Level of Utilization of its Refineries
(Petrobras, 10.Oct.2023) — Petrobras informs that in September its refining units reached 97% utilization for the second consecutive month. As a result, the Total Utilization Factor (FUT) of the refineries in 3Q23 reached 95.8%, the best result since 2014. The largest refinery in the country, the Paulínia Refinery (Replan), broke […]
Repsol Starts Producing Renewable Hydrogen at Petronor
(Repsol, 9.Oct.2023) — Repsol has begun producing renewable hydrogen at its Petronor industrial center (Biscay, Spain). The 2.5 MW electrolyzer can generate 350 tons per year of renewable hydrogen for industrial use, mainly in the refinery, as a raw material for manufacturing products with a lower carbon footprint. Highlights: Repsol […]
Head of Exxon’s Shale Business Faces Sexual Assault Charge in Texas
(Reuters, 8.Oct.2023) — The head of Exxon Mobil‘s shale oil and gas business, a unit involved in merger talks with rival Pioneer Natural Resources, was arrested at a Texas hotel last week on a sexual assault charge, police said. David Scott, an Exxon senior vice president who oversees all its shale oil and gas […]
Arctech Showcases Solar Tracker Products at REI Expo 2023
(Arctech, 8.Oct.2023) — Arctech, a solar tracking and racking solution provider, attended the Renewable Energy India Expo 2023 (REI Expo) in New Delhi. The expo is the largest international renewable energy professional exhibition in South Asia, spanning three days. At the exhibition, the solar tracking system SkyLine II, as a star product launched […]
Brazil’s Petrobras on CARF Judgment
(Petrobras, 6.Oct.2023) — Petrobras informs that in a session held yesterday, the First Panel of the Superior Chamber of Tax Appeals (CSRF), a body of the Administrative Board of Tax Appeals (CARF), rejected the appeal filed by the company and decided that IRPJ and CSLL taxes are due on the […]
![Enbridge CEO on LNG to Reduce Emissions, Energy Poverty [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/10/Enbridge_Inc__Enbridge_CEO_urges_Canada_to_champion_LNG_to_reduc-scaled.jpg)
Enbridge CEO on LNG to Reduce Emissions, Energy Poverty [PDF Download]
(Enbridge, 6.Oct.2023) — Greg Ebel, President & Chief Executive Officer of Enbridge Inc. (TSX: ENB) (NYSE: ENB) called on Canada to show leadership to the world in lowering global emissions, reducing energy poverty and supporting the progress of Indigenous communities in the country. In a keynote address to the Toronto Region Board of […]
OPPO’s Commitment to Sustainability: Enhancing Product Durability and ESG Contribution
(OPPO, 6.Oct.2023) — In an era where environmental consciousness is paramount, consumers are increasingly valuing the longevity and eco-friendliness of their tech products. OPPO, the global technology innovator, not only recognizes this shift in consumer priorities but is actively enhancing product quality to ensure lasting durability while minimizing environmental impact. With […]
Energy Industry Demonstrates Commitment to Decarbonising at ADIPEC 2023
(ADIPEC, 6.Oct.2023) — ADIPEC 2023 closed today, with the global energy industry delivering a clear message that it is united in its commitment to decarbonise and to fast-track the energy transition, while continuing to meet global energy needs. The event achieved a record-breaking attendance of over 184,000, the largest edition […]
TotalEnergies Surpasses Milestone of 1,000 High-Power Chargers in France
(TotalEnergies, 6.Oct.2023) — During the inauguration of TotalEnergies’ fifth 100% electric service station in France (Relais Garibaldi in Lyon), Chairman and Chief Executive Officer Patrick Pouyanné announced that the company has now installed and operates more than 1,000 high-power chargers (HPC) for electrical vehicles nationwide. This significant milestone in electric mobility makes TotalEnergies […]
ADNOC Inks Deals with 30 Companies for Local Manufacturing Opportunities
(ADNOC, 5.Oct.2023) — ADNOC announced new agreements with 30 companies for local manufacturing of critical non-oil products in its supply chain as it accelerates the decarbonization of its operations. The announcement was made at ADNOC’s 7th annual Business Partnership Forum held at ADIPEC, the world’s largest energy industry gathering taking […]
ADNOC Partners with EDGE to Use UAE-made Drones to Minimize Emissions
(ADNOC, 5.Oct.2023) — ADNOC announced a partnership with EDGE Group PJSC, one of the world’s leading advanced technology groups headquartered in Abu Dhabi, to deploy UAE-made unmanned aerial vehicles (UAVs), also known as drones, across its onshore and offshore operations. EDGE’s autonomous systems arm, ADASI, will repurpose its existing UAVs […]
APA Reveals 3Q:23 Guidance, Schedules Results Conference Call
(APA, 5.Oct.2023) — APA Corporation (Nasdaq: APA) provided supplemental information regarding certain third-quarter 2023 financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the third-quarter 2023. It is provided to assist investors, analysts, and others in formulating […]
Hyundai Electric Vehicles to Add North American Charging Standard
(Hyundai, 5.Oct.2023) — Hyundai Motor North America is adopting North American Charging Standard (NACS) ports for its electric vehicles (EVs) in the United States and Canada. In the United States, all-new or refreshed Hyundai EVs will come exclusively with a NACS port, beginning in Q4 2024. Canada will follow in the first half of 2025. Hyundai […]
New Gold Reports Strong 3Q:23 Operational Results
(New Gold, 5.Oct.2023) — New Gold Inc. (TSX: NGD) (NYSE American: NGD) reports third quarter operational results for the company as of 30 September 2023. The company is also providing notice that it will release its third quarter 2023 financial results after market close on Wednesday, 25 October 2023. The company will […]
Saipem Awarded Contract by ADNOC Worth $4.1bn
(Saipem, 5.Oct.2023) — Saipem, in consortium with National Petroleum Construction Company (NPCC), signed a letter of award with ADNOC for a new contract related to the Hail and Ghasha Development Project – Package 1 in the United Arab Emirates. Saipem’s share of the contract amounts to around $4.1bn. The project […]
TotalEnergies Sells Remaining Upstream Canadian Assets
(TotalEnergies, 4.Oct.2023) — TotalEnergies EP Canada Ltd. finalized the sale to ConocoPhillips of its 50% interest in the Surmont oil sands asset and associated midstream commitments. The transaction, for a base amount of C$4.03bn (about US$3bn) plus up to C$440mn (about US$330mn) in contingent payments, has an effective date on […]
Africa Oil Announces Strategic Hires
(Africa Oil Corp., 4.Oct.2023) — Africa Oil Corp. announced the strategic recruitment of two highly-experienced energy executives to strengthen its leadership team. Dr Oliver Quinn has been appointed Senior Vice President of Corporate Development and joins the company from Kosmos Energy. Ms. Joanna Kay has been appointed General Counsel and Corporate Secretary and joins […]
SKF Inaugurates Factory in Monterrey, Mexico
(SKF, 4.Oct.2023) — SKF inaugurated its new facility in Monterrey, Mexico, a greenfield factory investment totaling SEK 700mn. This will support SKF’s strategic development in the Americas and meet customer needs as focus on electrification increases. The investments are also an important step in SKF’s ongoing Automotive portfolio re-positioning towards the electric […]
Suncor to Buy TotalEnergies’ Canadian Operations for $1.468bn
(Suncor, 4.Oct.2023) — Suncor Energy (TSX: SU) (NYSE: SU) agreed to purchase TotalEnergies EP Canada Ltd., which holds a 31.23% working interest in the Fort Hills oil sands mining project for $1.468bn. The acquisition adds 61,000 barrels per day of net bitumen production capacity and 675 million barrels of proved […]
NGC, PLNL Ink New Gas Sales Deal
(NGC, 4.Oct.2023) — The National Gas Company of Trinidad and Tobago Limited (NGC) and Point Lisas Nitrogen Limited (PLNL) have successfully concluded negotiations for the execution of a Gas Sales Contract (GSC) to govern the sale of natural gas to PLNL and represents a critical step forward for both companies […]
Altera Awarded Contracts with Eni for Baleine Field
(Altera, 3.Oct.2023) — Altera Infrastructure has been awarded contracts for redeployment of the FPSO Voyageur Spirit and the shuttle tanker Nordic Brasilia for the Baleine Phase 2 project, located offshore Côte d’Ivoire. The vessels are set for deployment on the Baleine field with a 15-year firm contract. The development of the […]
TotalEnergies and Borealis Start Up Baystar JV Polyethylene Unit
(TotalEnergies, 3.Oct.2023) — TotalEnergies and Borealis celebrate the start-up of their Baystar joint venture’s new 625,000 metric ton-per-year Borstar® polyethylene (PE) unit, which more than doubles the current production capacity at Baystar’s site in Bayport, Texas. The new USD 1.4 billion unit completes the partners’ integrated petrochemicals venture, which includes […]
CGG Releases New GeoVerse Carbon Storage Study for Gulf of Mexico
(CGG, 3.Oct.2023) — CGG announced the delivery of the eastern phase of its GeoVerse™ Carbon Storage Gulf of Mexico Study and commencement of the westward extension of the study. Both phases of the project, supported by industry funding, are available for license now with final products for the westward expansion […]