Year: 2023

TotalEnergies Inks New Long-term Solar Supply Deal with Saint-Gobain

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(TotalEnergies, 3.Oct.2023) — TotalEnergies signed a new 15-year renewable Power Purchase Agreement (PPA) with Saint-Gobain. This is the second long-term solar power supply agreement designed to help decarbonize the power consumption of the building materials company’s 125 industrial sites in North America. By signing this PPA with Saint-Gobain, TotalEnergies is […]

APA Corporation Reduces Methane Emissions

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(APA, 3.Oct.2023) — APA Corporation (Nasdaq: APA) announced the achievement of an environmental, social and governance (ESG) goal to convert more than 2,000 pneumatic devices to instrument air or through-valve retrofit in its U.S. operations. The goal was reached three months ahead of schedule, and results in an estimated annualized […]

Parex Comments on Production Strategy [PDF Download]

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(Energy Analytics Institute, 30.Sep.2023) — Parex Resources said in late Sep. 2023 that its production strategy and approach were focused on three key things. First, minimizing decline rates and maximizing net present value; Second, enhanced oil recovery (EOR) and leveraging horizontal drilling, waterflood injection and gas reinjection; and Third, unlocking […]

TotalEnergies Acquires Ombrea and Creates a Center of Expertise for Agrivoltaics

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(TotalEnergies, 28.Sep.2023) — TotalEnergies has finalized the acquisition of France’s agrivoltaics leader Ombrea. Ombrea was founded in 2016. It has built ten sites and studied around fifty crop varieties, to develop unique expertise and innovative solutions that optimize the synergies between agricultural production and green electricity generation. By integrating Ombrea’s teams […]

Nucor and Helion to Develop 500 MW Fusion Power Plant [PDF Download]

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(Nucor, 27.Sep.2023) — Today, Nucor Corporation (NYSE: NUE) announced a collaboration with fusion power company, Helion to develop a 500 MW fusion power plant. This transformational project will offer baseload zero-carbon electricity from fusion directly to a Nucor steelmaking facility. Nucor and Helion are working together to set a firm timeline and […]

Tania Ortiz Mena Appointed President of Sempra Infrastructure

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(Sempra, 27.Sep.2023) — Sempra Infrastructure, a subsidiary of Sempra, announced that Tania Ortiz Mena has been appointed president of Sempra Infrastructure. In this role, Ortiz Mena will lead the company’s three business lines – clean power, energy networks, and LNG and net-zero solutions. Ortiz Mena most recently served as group president of clean power and energy networks […]

CGG Starts Côte d’Ivoire Reimaging Project near Baleine Field

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(CGG, 27.Sep.2023) — CGG announced the start of a major new multi-client 3D PSDM reimaging program in the Tano Basin offshore Côte d’Ivoire in association with the country’s Direction Générale des Hydrocarbures (DGH) and national oil company, PETROCI Holding. The 6,400 sq km reimaged seismic data set near the recent […]

Equinor and OMV Agree to New Long-term Gas Sales Deal

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(Equinor, 27.Sep.2023) — Equinor has signed a new long-term gas sales agreement with Austria’s major energy company OMV. The agreement is for 5 years starting 1 October this year and with an annual volume of 12 TWh. The gas will be delivered at Germany’s virtual trading hub THE (Trading Hub […]

Rosebank Field to Progress in the UK [Video]

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(Equinor, 27.Sep.2023) — Equinor and Ithaca Energy have taken the final investment decision to progress Phase 1 of the Rosebank development on the UK Continental Shelf (UKCS), investing $3.8bn. The North Sea Transition Authority (NSTA) granted consent for the development of the field on 27 September. “Developing the Rosebank field […]

bp Inks MOU with Subsea Integration Alliance

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(bp, 25.Sep.2023) — bp has signed a Memorandum of Understanding (MoU) with Subsea Integration Alliance aimed at developing a framework to enhance subsea project performance. The agreement with the Alliance, which comprises Subsea7 and OneSubsea™, an SLB company, will combine the three companies’ skills, knowledge and experience across a global […]

Tecpetrol Reveals Best and Final Offer Price

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(Tecpetrol, 22.Sep.2023) — Tecpetrol Investments S.L., a member of the Techint Group, announced has increased its all-cash offer (the “Offer“) to acquire all of the issued and outstanding common shares of Alpha Lithium Corporation (“Alpha” or the “Company“) to C$1.48 per share and has reduced the two-thirds minimum tender condition of the […]

Orex Announces Share Consolidation

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(Orex Minerals, 22.Sep.2023) — Orex Minerals Inc. (TSXV: REX) (OTCQB: ORMNF) announced that, effective 27 September 2023, the company will consolidate its issued and outstanding common shares at a ratio of ten (10) pre-consolidation shares to one (1) post-consolidation share. The reasons for the consolidation are to increase the company’s flexibility and […]

Ghana Launches $550bn Energy Transition and Investment Plan

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(Sustainable Energy for All, 22.Sep.2023) — His Excellency Nana Akufo-Addo, President of the Republic of Ghana, launched the country’s new Energy Transition and Investment Plan yesterday during a Global Africa Business Initiative event in New York. The plan marks Ghana’s commitment to fighting climate change and fostering economic development in tandem. It details a […]

Southern Power Acquires Millers Branch Solar Facility

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(Southern Power, 21.Sep.2023) — Southern Power, an U.S. wholesale energy provider and subsidiary of Southern Company, announced the acquisition of its 29th solar project — Millers Branch Solar Facility — from EDF Renewables. The 200-megawatt (MW) facility is currently in the early stages of development and has the potential to […]

PNM Agreement for San Juan Credits Approved

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(PNM Resources, 21.Sep.2023) — Today the New Mexico Public Regulation Commission (NMPRC) approved the unanimous settlement agreement reached by Public Service Company of New Mexico (PNM), a wholly-owned subsidiary of PNM Resources (NYSE: PNM), and parties in the case resolving all remaining steps involved in the retirement of the San Juan coal plant under New Mexico’s Energy Transition Act. […]

Eni Extends Support to Libya Following Floods

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(Eni, 20.Sep.2023) — Following the devastating floods that have hit Libya last week as a result of storm Daniel, Eni, in cooperation with the Libyan National Oil Corporation (NOC)’s emergency committee, has mobilized the provision of supplies, rescue teams, and critical equipment to support the people affected by the disaster. […]

TotalEnergies and European Energy to Partner on Renewable Projects

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(TotalEnergies, 20.Sep.2023) — TotalEnergies and European Energy have agreed to jointly develop, build and operate in a 65/35 joint-venture at least 4 GW of onshore renewable projects in multiple geographies. The partnership aims to leverage both parties’ strengths: TotalEnergies brings its strong experience in the construction and operation of large-scale […]

TotalEnergies to Invest in New 1,050 MWac Renewable Portfolio JV

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(TotalEnergies, 20.Sep.2023) — TotalEnergies and Adani Green Energy Limited (AGEL) have entered into a binding agreement to create a new JV, equally owned by TotalEnergies and AGEL, with a 1,050 MWac (1400 MWp) portfolio. This portfolio will comprise of a mix of already operational (300 MWac), under construction (500 MWac) […]

TotalEnergies to Build Plastic Recycling Unit

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(TotalEnergies, 20.Sep.2023) — TotalEnergies announced the building of a new mechanical recycling unit for plastic waste at its Grandpuits site southeast of Paris. This new investment follows those announced in June 2023 — the doubling of sustainable aviation fuel (SAF) production and construction of a biomethane production unit — in […]

Coherix Technology Improves EV Battery Quality While Reducing Cost

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(Coherix, 20.Sep.2023) — Michigan-based Coherix is developing quality-control technology that can improve EV-battery safety, service life and quality while reducing production costs. The company has pioneered the development of 3D machine vision, artificial intelligence and proprietary process-control software to manage critically important processes to seal battery cases and covers in […]

Scotia and RAND Europe Convene a Historic Framing Session

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(The Scotia Group, 20.Sep.2023) — A High-Level UNGA consultative session on international finance and energy transition diplomacy, which included sitting and former Heads of State and Government, as well as experts from the RAND Corporation and members of the Scotia Group, was convened on 18 September 2023 by international mediation and energy law […]

WGC2023 Publishes Beijing Declaration

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(Sinopec, 20.Sep.2023) — The 7th World Geothermal Congress (WGC2023), hosted by China Petrochemical Corporation (Sinopec Group), has officially published the world’s first geothermal industry standards (the “Standards”) and Beijing Declaration during the closing ceremony in Beijing. The release of the Standard and Beijing Declaration is defining the principles and adding momentum to the sustainable, […]

Equinor: Johan Castberg Project Update

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(Equinor, 19.Sep.2023) — The Johan Castberg partnership, consisting of Equinor, Vår Energi and Petoro, is today updating the project cost estimate. The investment estimate has increased by almost NOK 13bn since last year. Our plan for production start in the fourth quarter of 2024 remains unchanged. “Costs are increasing due […]

More Gas From Gina Krog with Eirin

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(Equinor, 19.Sep.2023) — On behalf of the partnership, Equinor has submitted a plan for development and operation (PDO) of the Eirin gas field to the Ministry of Petroleum and Energy. Recoverable reserves in the field are estimated at 27.6 million barrels of oil equivalent, most of which is gas. The […]

Final Results of Takeover Bid on Exmar NV

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(Exmar, 19.Sep.2023) — The reopening of the acceptance period of the voluntary public takeover bid launched by Saverex NV (the “Bidder”) for all shares and share options issued by Exmar NV (“Exmar” or the “Target”) not already owned by it or persons affiliated with it (the “Bid”) ended on Friday […]

Kate Thomson Appointed as bp Interim CFO

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(bp, 19.Sep.2023) — bp today announced that Kate Thomson has been appointed interim chief financial officer. Her appointment follows the appointment last week of Murray Auchincloss as bp’s interim chief executive officer. Kate is currently bp’s senior vice president, finance for production & operations, responsible for the financial stewardship of […]

Silver Valley Metals Provides Corporate Update

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(Silver Valley Metals, 18.Sep.2023) — Silver Valley Metals Corp. (TSXV: SILV) (OTCQB: SVMFF), a brownfield exploration company with two potential high impact projects that comprise silver-zinc-lead located in north Idaho, USA and lithium – potassium (sulphate of potash) located in Zacatecas and San Luis Potosi, Mexico respectively, is pleased to provide a corporate update for both of its […]