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(Energy Analytics Institute, 13.Jun.2024) — Energy briefs as well as others related to finance and projects during June 2024 including Wintershall Dea and its partners from TotalEnergies and Pan American Energy have started development drilling at the Fenix field in Argentina; Trendsetter Engineering has been awarded a significant contract by Trident Energy do Brasil to deliver two six-slot production subsea manifolds for the Bonito and Bicudo Fields in Brazil; Technip Energies, in consortium w/ Turner Industries, has been awarded the EPC contract by ExxonMobil Low Carbon Solutions Onshore Storage LLC for a Louisiana carbon capture and sequestration (CCS) Project; and more.

LATIN AMERICA

Argentina

Source: Wintershall DEA

Wintershall Dea and its partners from TotalEnergies and Pan American Energy have started development drilling at the Fenix field. The co. is on track to bring this key energy project into production this yr. Fenix is set to be Argentina’s largest offshore gas field. The project is expected to contribute to the country’s long-term energy supply for more than 15 yrs. “The whole team is looking forward to a successful drilling campaign,” says Manfred Boeckmann, Managing Director of Wintershall Dea Argentina said 6 Jun. 2024 in an official stmt.

Brazil

Trendsetter Engineering has been awarded a significant contract by Trident Energy do Brasil to deliver two six-slot production subsea manifolds for the Bonito and Bicudo Fields in Brazil. This contract encompasses the design and manufacture of the subsea manifolds, associated pipework, and mudmat foundations, Trendsetter said 13 Jun. 2024 in an official stmt.

Sigma Lithium Corporation will participate in a Trade and Investment Mission to China to celebrate 50yrs of diplomatic relations between the countries, led by Brazil’s VP Geraldo Alckmin, Sigma said 5 Jun. 2024 in an official stmt.

Chile

Vortex Metals Inc. launched its Phase One Drilling and Exploration Program at the Illapel Copper Project in Chile, w/ its first-pass drill program set to commence in 3QÑ:24, the co. said 5 Jun. 2024 in an official stmt. The upcoming program aims to systematically evaluate and advance several high-priority targets within the project area marking a pivotal step toward the co.’s objective to delineate a high-grade copper resource in one of the world’s most prolific copper-producing regions.

Suriname

SBM Offshore, in partnership w/ Technip Energies, and in line w/ the FEED studies for a FPSO vessel for the development project located in the Block 58 in Suriname w/ TotalEnergies EP Suriname B.V., an affiliate of TotalEnergies, a Fast4Ward® hull for the Block 58 development project has been reserved by TotalEnergies.

NORTH AMERICA

Canada

Power Nickel Inc. started the 2024 summer Drill Program with 20 holes targeted and over 8,000 m of drilling as the co. continues ramping up exploration for additional mineralized zones of high-grade copper, platinum, palladium, gold, silver and nickel at the polymetallic Lion Zone on its Nisk Property in Nemaska, Quebec, the co. said 10 Jun. 2024 in an official stmt.

Power Nickel Inc. as partnered with Karbon-X to offset the carbon footprint associated w/ the drilling of 30,000, the co. said 3 Jun. 2024 in an official stmt.

US

Nostra Terra announced that James Newman, an existing 11.3% shareholder in the co. through the subscription by his wholly owned co., Dos Hermanos International, in the January 2024 fundraise has agreed to be appointed as a non-executive director, subject to the completion of satisfactory regulatory checks, Nostra Terra said 13 Jun. 2024 in an official stmt.

Bristow Group Inc. will present at the 2024 J.P. Morgan Energy, Power & Renewables Conference on 18 Jun. 2024. Bristow’s President and CEO Chris Bradshaw, and SVP and CFO Jennifer Whalen, are scheduled to present at 10:55am ET and participate in investor meetings throughout the day, Bristow announced 11 Jun. in an official stmt.

Noble Corp. BODs approved a 25% increase in its qtrly dividend to $0.50/shr, starting w/ the dividend which is to be paid in the 3Q:24, Noble announced 10 Jun. 2024 in an official stmt.

— Noble Corp. plc and Diamond Offshore Drilling, Inc entered into a definitive merger agreement under which Noble will acquire Diamond in a stock plus cash transaction. As part of the transaction, Diamond shareholders will receive 0.2316 shares of Noble, plus cash consideration of $5.65 per share for each share of Diamond stock, representing an 11.4% premium to closing stock prices on 7 Jun. 2024. Upon closing, Diamond shareholders will own approximately 14.5% of Noble’s outstanding shares, Noble announced 10 Jun. 2024 in an official stmt.

Technip Energies, in consortium w/ Turner Industries, has been awarded the EPC contract by ExxonMobil Low Carbon Solutions Onshore Storage LLC for a Louisiana carbon capture and sequestration (CCS) Project. Technip Energies will oversee the engineering and procurement while Turner Industries will be responsible for the construction, Technip announced 6 Jun. 2024 in an official stmt.

Unit Corporation said the previously announced quarterly cash dividend of $1.25/shr of common stock for the 2Q:24 will be paid on 27 Jun. 2024, to shareholders of record as of the close of business on 17 Jun. The qtrly cash dividend will be funded by cash on Unit’s balance sheet, the co. said 6 Jun. in an official stmt.

Hess Midstream LP announced the pricing of an underwritten public offering of an aggregate 10,000,000 Class A shrs representing limited partner interests in HESM by an affiliate of Global Infrastructure Partners at a public offering price of US$34.30/shr per Class A, Hess announced 6 Jun. 2024 in an official stmt.

EUROPE

Norway

Kongsberg Maritime has received Approval in Principle from classification society DNV to enable a key role to be transferred from a ship to a shore-based control center, marking a significant step in the journey towards uncrewed vessel operations, Kongsberg said 13 Jun. 2024 in an official stmt.

— In a meeting in the corporate assembly of Equinor ASA on 4 Jun. 2024 Tone Hegland Bachke and Fernanda Lopes Larsen were elected as new members to the BODs of Equinor.

UK

England

TotalEnergies inked an deal w/ institutional investor EIG for the acquisition of all the shares of West Burton Energy, which owns and operates the West Burton B gas-fired power plant in Nottinghamshire, in England, for an enterprise value of £450mn.

ASIA

China

CNOOC Limited achieved a major exploration breakthrough in ultra-shallow gas play in ultra-deep water South China Sea, the co. announced 6 Jun. 2024 in an official stmt.

AFRICA

Angola

— Liz Williamson, Head of Corporate Finance at Rand Merchant Bank (RMB), will speak at the 2024 edition of the Angola Oil & Gas (AOG) conf. – the country’s premier industry event taking place in Luanda this Oct. 2024. Williamson is expected to discuss strategies for increasing access to capital for Angolan oil and gas projects, as well as global financial trends and investment opportunities, Energy Capital & Power said 10 Jun. 2024 in an official stmt.

Egypt

— In a nod to its increasingly important contribution to Africa’s economic growth and development, Afreximbank has been recognized with a haul of 8 Awards at the EMEA Project Finance and EMEA Achievement Awards 2023 Charity dinners held in London on 5-6 Jun. respectively, Afreximbank said 10 Jun. 2024 in an official stmt.

Nigeria

Tetracore commissioned phase one of its CNG facility in Nigeria, which represents a significant step towards strengthening the country’s natural gas distribution infrastructure. Tetracore has also broken ground on the construction of a modular LNG facility, which is poised to not only diversify Tetracore’s oil and gas portfolio but advance monetization in the gas-rich nation, the African Energy Chamber said 10 Jun. 2024 in an official stmt.

MIDDLE EAST

UAE

Gulf Marine Services rec’d and signed the second phase of the 4-yr contract originally announced on 11 Mar. 2024 for one of its vessels operating in the Middle East, the co. said 10 Jun. in an official stmt. Gulf Marine’s backlog as of 1 Jun. 2024 stands at $431.2mn.

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

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