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(Energy Analytics Institute, 31.Jan.2024) — Energy briefs as well as others related to finance and projects during Jan. 2024 including Washington reviewing its sanctions policy on Venezuela; QatarEnergy confirming that Qatar’s LNG production continues uninterrupted; Evercore ISI continuing on Biden’s moves to pause on LNG export terminal approvals; an S&P Global podcast on Guyana; Gevo, Inc. (NASDAQ: GEVO) appointing Katie Ellet to its BODs; the newly updated dates for the 4th Suriname Energy, Oil & Gas Summit & Exhibition; and much more.

MIDDLE EAST

Qatar

QatarEnergy confirmed 24 Jan. 2024 that Qatar’s LNG production continues uninterrupted. “While the ongoing developments in the Red Sea area may impact the scheduling of some deliveries as they take alternative routes, LNG shipments from Qatar are being managed with our valued buyers,” QatarEnergy said 24 Jan. in an official stmt.

LATIN AMERICA AND CARIBBEAN

Brazil

Petrobras announced 19 Jan. 2024 in an official stmt. that the rating agency Fitch reaffirmed the co.’s credit rating at “BB” on a global scale, w/ a stable outlook, and AAA on a national scale.

Guyana

— The foreign ministers of Venezuela and Guyana pledged to maintain peace and continue working toward a diplomatic solution to their simmering dispute over the oil-rich Essequibo region after a meeting in Brazil, Bloomberg reported 25 Jan. 2024

— On 11 Jan. 2024, S&P Global’s Jeff Mower spoke w/ Ha Nguyen, Felipe Perez and Pat Harrington about how Liza, Unity Gold and Payara Gold are helping drive global production growth outside of OPEC. They discuss production forecasts, how action from Venezuela could affect growing exports, and where Guyana’s crude is going. How are emerging refiner preferences affecting the price of the new Guyanese grades? And with turmoil in the Red Sea disrupting trade flows and boosting the price for some crudes in the Atlantic Basin, what is in store for Guyanese oil?

Suriname

— The new date for the 4th Suriname Energy, Oil & Gas Summit & Exhibition in Paramaribo, Suriname has been changed to 4-7 Jun. 2024. Note: Energy Analytics Institute (EAI) is an official media partner for the event.

— Taking place from 25-28 Jun. 2024, SEOGS will deliver an opportunity for over 200 exhibitors, 900 delegates and 8,000 trade visitors to be part of the next stage of success in Suriname’s energy and offshore sectors. The SEOGS Call for Speakers offers professionals working across the energy value chain – from technical and scientific experts to executives and policymakers the opportunity to submit insightful and evidence-based abstracts that will be showcased at the SEOGS Technical Conference (STC) hosted by Staatsolie, 26-27 Jun. 2024.

Trinidad and Tobago

— On 22 Jan. 2024, Trinidad and Tobago’s Minister of Energy and Energy Industries  Stuart R. Young and Minister in the Office of the Prime Minister along w/ Mrs. Penelope Bradshaw-Niles, Permanent Secretary at the Ministry of Energy and Energy Industries (MEEI), met w/ HE Eng. Mohamed Hamel, Secretary General of the Gas Exporting Countries Forum (GECF) and Imran Mohammed, Gas Transportation and Storage Analyst, GECF, at the MEEI’s International Waterfront Complex Head Office, Port-of-Spain.

Trinidad and Tobago NGL Limited (TTNGL) said, effective 16 Jan. 2024, Javed Razack has ceased being a Director of TTNGL, the Natural Gas Company of Trinidad and Tobago (NGC) said 18 Jan. in an official stmt.

Venezuela

— President Nicolás Maduro’s backsliding on his promise of free and fair elections is likely to prompt the return of some US sanctions, though the Biden administration will probably refrain from imposing the stiffest penalties related to oil, according to analysts, Bloomberg wrote 29 Jan.2024. Maduro has jailed aides to the opposition presidential candidate, María Corina Machado, and Venezuela’s top court last week upheld a ban against her and others holding office. That dimmed the glimmer of hope that Maduro would face real competition in his quest for reelection this year, Bloomberg said.

NORTH AMERICA

US

Marathon Oil Corporation‘s (NYSE: MRO) BODs declared a dividend of $0.11/shr on the co.’s common stock. The dividend is payable on 11 Mar. 2024, to stockholders of record on 21 Feb. 2024, the co. announced 31 Jan. 2024 in an official stmt.

— The Biden administration announced a plan to pause all pending export applications for LNG until the DOE comes up w/ updated criteria for approvals, disrupting plans for billions of dollars in projects, Evercore ISI said 26 Jan. 2024 in a research rpt.

— “The decision by Venezuela’s Supreme Tribunal of Justice (TSJ) to uphold disqualifications of Maria Corina Machado and Henrique Capriles undermines a competitive presidential election,” US State Department spokesperson Matthew Miller wrote 25 Jan. 2024 in a post on X, formerly Twitter. “Based on this action and targeting of opposition and civil society, the US is reviewing our sanctions policy.”

Delek US Holdings, Inc. (NYSE: DK) will issue a press release summarizing 4Q:23 results before the U.S. stock mkt opens on 27 Feb. 2024. A conf. call to discuss these results will begin at 10am CT (11am ET) on 27 Feb., the co. announced 26 Jan. in an official stmt.

Norfolk Southern Corp. (NYSE: NSC) announced 24 Jan. 2024 a quarterly dividend of $1.35/shr on its common stock. The dividend is payable 20 Feb. 2024, to shareholders of record on 2 Feb. 2024, the co. announced 24 Jan. in an official stmt. 

Devon Energy Corp. (NYSE: DVN) announced that Jeremy Humphers, Senior Vice President and Chief Accounting Officer, is retiring from the co. Humphers will step down from his current role effective 8 Mar. 2024. John Sherrer will succeed Humphers as VP, Accounting & Controller and will be designated as the co.’s principal accounting officer, Devon said 23 Jan. 2024 in an official stmt.

— The Consumers Energy Foundation is calling for entries in the annual Put Your Town on the Map pitch competition, which will provide $50,000 in grant funding for three projects to help small communities in Michigan grow and thrive. Communities w/ up to 10,000 residents can submit proposals through 15 Feb., the foundation said 23 Jan. 2024 in an official stmt.

Hess Corp. (NYSE: HES) will issue its 4Q:23 earnings press release and post supplemental earnings info. on 31 Jan. 2024. Hess will not hold a conf. call due to the definitive agreement announced on 23 Oct. 2023 for Hess to be acquired by Chevron, subject to shareholder and regulatory approvals and other customary closing conditions, the co. said 11 Jan. 2024 in an official stmt.

Gevo, Inc. (NASDAQ: GEVO) announced that Katie Ellet has been appointed to its BODs as of 2 Jan. 2024, Gevo said 8 Jan. 2024 in an official stmt.

— Tim Klinger, I-Pro Martin, President and JD Martin Western Division President, announced 2 Jan. 2024 in an official stmt that Stephanie Rodriguez has been promoted to EVP of Centauri Martin, effective 1 Jan. 2024.

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By Ian Silverman, Aaron Simonsky and Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.

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