(MEEI, 30.Sep.2024) — The Ministry of Energy and Energy Industries (MEEI) said a negotiated Production Sharing Contract (PSC) for Block Modified U (c ) has been signed between the Trinidad and Tobago government and the successful bidder, BG International Limited (BGI), a subsidiary of Shell. The signing took place on […]
Month: September 2024
Woodside Completes OCI Clean Ammonia Acquisition
(Woodside, 30.Sep.2024) — Woodside has completed the acquisition of 100% of OCI Clean Ammonia Holding B.V., which holds its lower carbon ammonia project in Texas (Project), from OCI N.V. (together with its affiliates, OCI).1 The completion follows Woodside’s announcement on 5 Aug. 2024 that it had entered into an agreement […]
Matson Starts Construction of LNG-Powered Containerships
(Matson, 30.Sep.2024) — Matson, Inc. announced the start of construction on the first of three new “Aloha Class” containerships designed for its Hawaii and China-Long Beach Express (CLX) services. After a small ceremony at Philly Shipyard in Pennsylvania, the cutting of steel plates began, initiating the work to build the […]
New Fortress Sends Off First Full Cargo from Altamira
(Energy Analytics Institute, 30.Sep.2024) — New Fortress Energy Inc. announced that its Fast LNG (FLNG) asset located offshore Altamira, Mexico has achieved First Full Cargo & Sail Away. The first full LNG cargo fully loaded onto the Energos Princess and setting sail for Europe, New Fortress said 30 Sep. 2024 […]
New Fortress Energy to Delay Dividend Payment
(Energy Analytics Institute, 30.Sep.2024) — New Fortress Energy Inc. will delay the payment of the company’s previously declared $0.10 per share Class A common stock dividend, with a record date of 13 Sep. 2024, until it reaches an agreement with its noteholders to address the company’s near-term maturities and liquidity […]
SLB and ADNOC Drilling Partner for Unconventional Development
(SLB, 30.Sep.2024) — SLB announced an agreement to create Turnwell Industries LLC OPC, a joint venture (JV) with ADNOC Drilling Company, SLB and Patterson-UTI. The JV will allow the three companies to leverage leading innovations in AI, smart drilling design, completions engineering and production solutions. The JV will focus on […]
EAI’s NRGBriefs: Sep. 2024
(Energy Analytics Institute, 30.Sep.2024) — Energy briefs as well as others related to finance and projects during Sep. 2024 including Petrobras inking separate MOUs with its Argentine and Surinamese counterparts YPF and Staatsolie; TechnipFMC being awarded two subsea contracts by Petrobras; CNOOC Limited saying the Shenhai-1 Phase II Natural Gas Development […]
Hess Gets HSR Clearance for Chevron Merger
(Hess, 30.Sep.2024) — Hess Corporation announced that the Federal Trade Commission (FTC) antitrust review of the Chevron-Hess merger has been completed, satisfying one of the closing conditions for the transaction. “We are very pleased that our merger with Chevron has cleared this significant regulatory hurdle,” said CEO John Hess. “This transaction continues to be an outstanding deal […]
US LNG Sector to Navigate Uncertainties with Harris or Trump
(S&P Global, 30.Sep.2024) — The 2024 presidential election carries risks and unknowns for US LNG project development, whether Vice President Kamala Harris is elected or former President Donald Trump returns to the Oval Office. The Biden administration’s decision earlier in 2024 to pause key LNG export permits remains a major […]
Exxon Director Joins Elliott Seeking to Acquire Citgo Petroleum
(Reuters, 28.Sep.2024) — Exxon Mobil board director Gregory Goff recently joined a newly formed Elliott Investment Management-backed company seeking to acquire control of Venezuela-owned oil refiner Citgo Petroleum. Citgo and Exxon are rivals in the motor fuels and lubrications business. Exxon is the third-largest U.S. oil refiner by capacity and […]
Saudi Arabia Signals Oil Policy Shift
(The Washington Institute, 27.Sep.2024) — The kingdom anticipates and accepts lower oil prices, according to a news report, but the impact on other producers could be comparatively damaging. On September 26, an exclusive in the Financial Times indicated that Saudi Arabia is ready to abandon its unofficial oil price target of $100 […]
CNOOC Brings Shenhai-1 Phase II Development Online
(Energy Analytics Institute, 27.Sep.2024) — CNOOC Limited said the Shenhai-1 Phase II Natural Gas Development Project has commenced production. The project is located in the Qiongdongnan Basin, northern South China Sea, with an average water depth of approximately 900 m, CNOOC said 27 Sep. 2024 in an official statement. The main […]
ConocoPhillips Gets Judge to Approve Seizing of Payments to PDVSA
(Reuters, 27.Sep.2024) — ConocoPhillips on Friday got a Trinidad court to approve the seizing of payments from the Caribbean country to Venezuela’s state oil company for a proposed offshore gas project between the two neighbors. ConocoPhillips has for years been seeking to recover money from Petroleos de Venezuela (PDVSA) for […]
Pemex Posts Drop in Oil Output as AMLO Exits
(Reuters, 27.Sep.2024) — Crude output by Pemex fell in August as Mexico’s national oil company failed to reduce fuel imports in line with company targets, while overall falling well short of the lofty energy trade goals of the country’s outgoing president. While locally produced petroleum product volumes rose during the […]
Amber Energy Selected to Acquire Citgo
(Amber Energy, 27.Sep.2024) — Amber Energy Inc. has been selected as the acquirer of PDV Holding, Inc., the parent of Citgo Petroleum Corporation, by Robert Pincus, the Special Master appointed by the U.S. District Court for the District of Delaware to oversee the sale of PDV Holding, Inc. Amber Energy is […]
MEEI Minister Young Tours PXGEO 2 Seismic Vessel
(MEEI, 27.Sep.2024) — Stuart R. Young, Minister of Energy and Energy Industries, and Minister in the Office of the Prime Minister toured the PXGEO 2 seismic vessel and met with its specialist crew on 26 Sep. 2024. This comes after cabinet approved negotiations towards a production sharing contract (PSC) between […]
LatAm NRG Matters: Highlights, Heard
(Energy Analytics Institute, 27.Sep.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 27 Sep. 2024. —Argentina: Petronas is rumored to be pondering stepping back from Argentina LNG, the South American country’s initial LNG export project, leaving YPF alone to search for partners. —Brazil: Petrobras […]
TotalEnergies Acquires Producing Eagle Ford Assets from Lewis Energy
(TotalEnergies, 27.Sep.2024) — TotalEnergies signed an agreement with Lewis Energy Group to acquire a 45% interest in dry gas producing assets owned and operated by Lewis in the Eagle Ford basin in Texas. The acquisition of these low cost and long plateau assets further strengthens TotalEnergies’ integration across the gas […]
Northern Lights Ready to Receive CO2
(Equinor, 26.Sep.2024) — On 26 Sep. 2024 the Norwegian Minister of Energy conducts the official opening of the Northern Lights CO2 transport and storage facility in Øygarden, near Bergen. The Northern Lights facility is a joint venture between Equinor, Shell and TotalEnergies. “The completion of the Northern Lights facility marks an […]
Woodside Energy Executives Meet with MEEI Officials
(Piero Stewart, Energy Analytics Institute, 26.Sep.2024) — Executives with Woodside Energy provided an update to officials with the Trinidad and Tobago Ministry of Energy and Energy Industries (MEEI) regarding the Australian company’s Calypso project offshore. The ‘pre-feed’ engineering work is progressing, the MEEI said 26 Sep. 2024 in an official […]
Chevron Agrees Hess CEO Will Not Join Board in Deal with US Regulator, Bloomberg Reports
(Reuters, 26.Sep.2024) — U.S. energy major Chevron has agreed Hess CEO John Hess will not join its board in an agreement with the U.S. Federal Trade Commission to proceed with the $53 billion takeover deal, Bloomberg News reported on Thursday citing people familiar with the matter. The proposed all-stock acquisition, […]
Northern Lights Completion World’s First Commercial CO2 Transport and Storage Service
(Northern Lights, 26.Sep.2024) — Northern Lights JV unveiled the completed CO2 receiving facilities in Øygarden, Norway. The onshore and offshore infrastructure has been delivered on time for customers and within budget and is now ready to receive CO2 from Norwegian and European industry. Northern Lights is the first to offer […]
Northern Lights Facilities Finished, Ready to Store CO2
(TotalEnergies, 26.Sep.2024) — TotalEnergies and its partners, Equinor and Shell, announce the completion of the CO2 receiving and storage facilities of Northern Lights Joint-Venture in Norway. The facilities consist in a terminal that will receive CO2 cargos, a 100 km subsea pipeline for CO2 transportation to the offshore storage location, […]
TotalEnergies Reveals Mozambique LNG Response
(TotalEnergies, 26.Sep.2024) — The digital media Politico published an article regarding alleged murders that would have been carried out by Mozambican soldiers close to Afungi, the Mozambique LNG site, in northern Mozambique from Jun. to Nov. 2021. Before it was contacted by the author of this article, TotalEnergies had never […]
Petrobras and Staatsolie Maatschappij Suriname N.V. Ink MOU
HOUSTON, TEXAS (Energy Analytics Institute, 26.Sep.2024) — Brazilian energy giant Petrobras signed a non-binding memorandum of understanding (MOU) with its Surinamese counterpart Staatsolie Maatschappij Suriname N.V. aimed at assessing cooperation opportunities in the areas of hydrocarbon exploration and production, carbon capture, new energy sources, contingency response planning, among others. The […]
Frontera to Amend Substantial Issuer Bid
(Frontera, 25.Sep.2024) — Frontera Energy Corporation will amend its previously announced substantial issuer bid (the “Offer”) to remove the preferential acceptance of “odd lot” tenders, which are tenders from holders (“Shareholders”) of common shares of the company (the “Shares”) who beneficially own fewer than 100 Shares. There will be no […]
Eni Releases 2024 Methane Report
(Eni, 26.Sep.2024) — Eni SpA’s actions to reduce methane emissions across its operations are revealed in the company’s Methane Report 2024. ____________________
Ecopetrol Changes Names of Offshore Projects
(Energy Analytics Institute, 24.Sep.2024) — Colombia’s state-owned Ecopetrol S.A., in compliance with the ruling issued by the Fourth Labor Court of the Santa Marta Circuit, announced it will no longer use the names “Uchuva” and “Tayrona” to refer to its offshore exploration projects in the Colombian Caribbean, nor any project […]
Masdar to Buy Saeta from Brookfield for $1.4bn
(Masdar, 24.Sep.2024) — Abu Dhabi Future Energy Company PJSC (Masdar), the UAE’s clean energy powerhouse, announced the proposed acquisition of Saeta Yield from Brookfield Renewable, together with its institutional partners (Brookfield), for an implied enterprise value of c. US$1.4bn (€1.2bn). Closing of the transaction is subject to customary approvals and is expected […]
FTC Set to Greenlight Chevron’s $53bn Buy of Hess
(Reuters, 24.Sep.2024) — The U.S. Federal Trade Commission is expected to greenlight U.S. oil producer Chevron‘s purchase of Hess as soon as this week, two people familiar with the matter said, leaving Exxon Mobil‘s challenge to the $53 billion deal as its final hurdle. The proposed merger was first announced […]
TotalEnergies to Supply 200,000 t/y of LNG to HD Hyundai until 2033
(TotalEnergies, 24.Sep.2024) — In line with its strategy to grow its long-term liquefied natural gas (LNG) sales, TotalEnergies announces the signing of a Heads of Agreement (HoA) with HD Hyundai Chemical for the delivery of 200,000 tons of LNG per year for 7 years starting from 2027. Thanks to this […]
China Provides Some Respite as Oil Prices Rise
(Rystad, 24.Sep.2024) — Oil prices are on the rise again, but OPEC’s production cut unwinding still seems far off. Here is Rystad Energy’s oil macro update from Global Market Analysis Director, Claudio Galimberti: “The Chinese government’s announcement of its largest stimulus package since the pandemic, combined with the sudden rise […]
YPF CEO Marín Downplays Petronas Drama
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 24.Sep.2024) — YPF President and CEO Horacio Marín downplayed the impact of Petronas deciding not to move forward as a partner in a massive LNG facility (onshore and offshore) planned on Argentina’s Atlantic Coast. “There is no need to dramatize” the news if […]
SSR Mining Updates Seabee
(Energy Analytics Institute, 23.Sep.2024) — SSR Mining Inc. informed that Seabee will restart in second half of Oct. 2024. The fire activity has significantly reduced in the direct vicinity of the Seabee operations and is being actively managed. Following the Seabee evacuation on 21 Aug. 2024, a small number of […]
Scala Data Centers Secures $500mn from Coatue and IMCO
(Scala Data Centers, 23.Sep.2024) — Scala Data Centers, the hyperscale sustainable data center platform in Latin America, is pleased to announce the successful completion of $500mn in structured financing. The investment includes $250mn from Coatue Tactical Solutions and $250mn from the Investment Management Corporation of Ontario (IMCO). The funds will be used to accelerate Scala’s expansion across Latin America to support the […]
Cemex’s Lower-carbon Materials to Fortify Wastewater Plant in San Francisco
(Cemex, 23.Sep.2024) — As part of San Francisco’s major initiative to sustainably upgrade and modernize infrastructure, Cemex has announced its involvement in reinforcing the City’s largest wastewater treatment plant with its Vertua®lower-carbon concrete. The Southeast Treatment Plant’s (SEP) Biosolids Digester Facilities Project will replace the outdated existing solids treatment facilities with more reliable, efficient, and modern […]
Mon Power and Potomac Edison Break Ground on Third Solar Site
(FirstEnergy, 23.Sep.2024) — Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp., have begun construction on their third utility-scale solar site in West Virginia to help meet the state’s electricity needs and further encourage economic development. The Marlowe solar project is located along Interstate 81 and the Potomac River on a 36-acre property in Berkeley County that was […]
Air France-KLM Ramps up SAF Offtake with TotalEnergies
(TotalEnergies, 23.Sep.2024) — TotalEnergies and Air France-KLM have signed an agreement for TotalEnergies to supply up to 1.5 million tons of more sustainable aviation fuel (SAF) to Air France-KLM Group airlines over a 10-year period, until 2035. This agreement marks one the largest SAF purchase contracts signed by Air France-KLM to […]
Fénix Gas Field: Quick Facts
(Energy Analytics Institute, 23.Sep.2024) — France’s TotalEnergies announced the start of production from the Fénix gas field. The field is located 60 km off the coast of Tierra del Fuego in Southern Argentina, the French company announced 23 Sep. 2024 on LinkedIn. Facts and highlights about the Fénix gas field, […]
Pyka Secures $40mn to Advance Commercialization of Electric Aircraft
(Pyka, 23.Sep.2024) — Pyka, an electric aviation technology leader that designs and manufactures large-scale autonomous electric aircraft, today announced a $40mn Series B raise. The funding round was led by Obvious Ventures, with participation from both new and existing investors, including Piva Capital, Prelude Ventures, Metaplanet Holdings, and Y Combinator. Pyka is rapidly […]
CRRC to Unveil Rail Transit and Full Life-Cycle System Solutions at InnoTrans 2024
(CRRC, 22.Sep.2024) — Under the theme of On Track for A Low Carbon Future, CRRC Corporation Limited (“CRRC”, SHA: 601766) will display its line-up of passenger and freight transportation offerings, alongside full life-cycle system solutions, at InnoTrans 2024 in Berlin, Germany. Highlighting the event, two innovative, eco-friendly, and intelligent trains will make their […]
World Manufacturing Convention 2024 Showcases Next-Gen Technologies
(World Manufacturing Convention, 21.Sep.2024) — As technology and innovation converge, a grand feast celebrating the manufacturing industry is commencing. On 20 Sep. 2024, the 2024 World Manufacturing Convention opened its doors at the Hefei Binhu International Convention and Exhibition Center in Hefei, Anhui Province. As a premier event in the manufacturing sector, this […]
New Projects to Open Bakken NGL Markets
(East Daley, 20.Sep.2024) — The Permian and Williston basins are both constrained by inadequate gas pipeline egress. Yet when it comes to managing the associated ethane, that’s where the similarities end – Permian ethane is valued as a purity product, and Bakken supply plays second fiddle. Market dynamics are likely to […]
US-China Circular Economy Forum Tackles “White Pollution”
(Niutech, 20.Sep.2024) — On 6 Sep. 2024, the inaugural U.S.-China Circular Economy Cooperation Forum was held in Beijing. The forum, guided by the U.S.-China Climate Action Working Group Circular Economy Task Force, was co-organized by the China Circular Economy Association and the US-China Business Council. The forum brought together approximately 460 distinguished guests from […]
Petrobras on Payment of Remuneration to Shareholders
(Petrobras, 20.Sep.2024) — Petrobras, following up on the Material Fact of 13 May 2024 and the Communication of 11 Jun. 2024, informs that will pay today the second installment of dividends related to the balance sheet of 31 Mar. 2024. The gross amount to be distributed today corresponds to R$ […]
Class Action Filed Against New Fortress Energy
(Levi & Korsinsky, 20.Sep.2024) — Levi & Korsinsky, LLP notifies investors in New Fortress Energy Inc. of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of New Fortress investors who were adversely affected by alleged securities fraud between 29 Feb. 2024 and 8 Aug. 2024. Follow the link to get more […]
Flex LNG on Mandatory Notification of Trade by PDMR
(Energy Analytics Institute, 20.Sep.2024) — Flex LNG Ltd. said it has received trade notifications from the following two persons discharging managerial responsibilities (PDMR). Øystein Kalleklev, CEO of Flex LNG Management AS, has in the period 18-19 Sep. 2024 exercised 100,000 options and subsequently sold 100,000 shares on New York Stock Exchange (NYSE) […]
Thai Delegation Explores Collaboration Opportunities in Green Economy
PHOTO CAPTION:Thai Delegation with the Ankeny Chamber of Commerce and the Greater Des Moines Partnership.
Crescent to Develop Integrated CCS Solution for Entergy
(Energy Analytics Institute, 20.Sep.2024) — Crescent Midstream will develop and build an integrated CCS project in Lake Charles, Louisiana capable of capturing, transporting, and permanently storing CO2 emitted from an Entergy-owned natural gas-fired power plant. Through collaboration between Entergy, Crescent, SAMSUNG E&A, and Honeywell‘s carbon capture technologies, the ~$1bn project would be one of the […]
TotalEnergies on Production Start-up at Fenix Field Offshore Argentina
(TotalEnergies, 20.Sep.2024) — TotalEnergies announces the start of production from the Fenix gas field, located 60 km off the coast of Tierra del Fuego in Southern Argentina. The Fenix field is part of the Cuenca Marina Austral 1 (CMA-1) concession, in which TotalEnergies holds a 37.5% operated interest, alongside its partners Harbour Energy […]
Kimmeridge and Commonwealth LNG Ink Deal with Glencore
(Energy Analytics Institute, 19.Sep.2024) — Kimmeridge Texas Gas (KTG) and Commonwealth LNG entered into a Heads of Terms agreement with Glencore LTD, creating a strategic natural gas and LNG partnership. Under the terms of the agreement, Glencore will purchase 2 million tonnes per annum (mtpa) of LNG for 20 years from […]
Gastech Houston 2024: Day 3 Wrap
(Gastech, 19.Sep.2024) — The third day of Gastech 2024 continued to forge the energy industry’s route towards achieving net-zero emissions and sustainable growth. Alongside a continued focus on the central role of natural gas and LNG, the day’s sessions championed innovative decarbonization solutions, such as hydrogen, low-carbon LNG, and nuclear […]
Scarborough Primary Approval Challenge to be Dismissed
(Woodside, 19.Sep.2024) — Woodside and the Australian Conservation Foundation (ACF) have agreed to dismiss the ACF’s challenge to a primary environmental approval for Woodside’s Scarborough Energy Project. The Scarborough Energy Project has all primary environmental approvals in place and offshore work is progressing well. The Federal Court proceedings sought an […]
Touchstone on Lapsing of Acquisition
(Energy Analytics Institute, 19.Sep.2024) — The Touchstone board of directors revealed that Trinity‘s announcement on 18 Sep. 2024 its board is seeking the permission of the Court to formally withdraw the scheme at a Court hearing which has been scheduled for 25 Sep. 2024. Notwithstanding withdrawal of the Scheme, the […]
Golden Arrow Initiates Permitting at the San Pietro Project in Chile
(Energy Analytics Institute, 19.Sep.2024) — Golden Arrow Resources Corporation has engaged the services of a Chilean environmental consultancy firm for the preparation and submission of an Environmental Impact Statement, known as a “Declaración de Impacto Ambiental (DIA)” in Spanish, for the cdompany’s flagship San Pietro Iron-Copper-Gold-Cobalt Project in Chile Golden Arrow said 19 […]
TotalEnergies to Supply 1.25 Mt/y of LNG to CNOOC until 2034
(TotalEnergies, 19.Sep.2024) — In line with its strategy to grow its long-term liquefied natural gas (LNG) sales, TotalEnergies announces a 5-year extension of its sales and purchase agreement (SPA) with CNOOC, for the delivery of 1.25 million tons of LNG per year to China until 2034. Thanks to this agreement, TotalEnergies […]
Petrobras Awards TechnipFMC Subsea Contracts by for Brazil’s Pre-Salt Fields
(Energy Analytics Institute, 19.Sep.2024) — TechnipFMC has been awarded two subsea contracts by Brazil’s state-owned Petrobras for the pre-salt fields offshore the South American country. The first award is a substantial contract—between $260mn-$500mn—to design, engineer, and manufacture riser flexible pipe. TechnipFMC will also supply associated services including packing and storage, […]
Mexican Elite Shun Lawmakers Who Advanced AMLO’s Judicial Reform
(Bloomberg, 18.Sep.2024) — Alejandra Chedraui was once part of Mexico City’s smart set, her wedding photos and family portraits appearing regularly in local newspapers’ society pages. Last week, she became a pariah. The reason: She was one of the lawmakers who voted for President Andres Manuel Lopez Obrador’s overhaul of Mexico’s judicial […]
Hoymiles Inaugurates Mexico Manufacturing Facility in Monterrey
(Hoymiles, 18.Sep.2024) — Hoymiles, a provider of PV & energy storage solutions, officially inaugurated its first overseas manufacturing facility in Monterrey, Mexico, marking a significant milestone in the company’s global expansion strategy. Located in the Vynmsa Industrial Park, just 6 km from the airport, the 6,700-m2 facility is equipped with comprehensive production […]
Citgo Awards $1mn to Caring For Our Coast Nonprofits
(Citgo, 18.Sep.2024) — Celebrating a decade of environmental protection, conservation and restoration, the Citgo Caring For Our Coast initiative is amplifying its impact with an additional $1mn in grants awarded to 17 environmental organizations located around the Gulf Coast region and in Lemont, Illinois, where Citgo has operations. The recipient organizations support a wide range […]
Bristow to Present at Deutsche Bank Leveraged Finance Conference
(Energy Analytics Institute, 18.Sep.2024) — Bristow Group Inc. revealed that Chris Bradshaw, its President and Chief Executive Officer, will participate in a fireside chat discussion at the Deutsche Bank Leveraged Finance Conference on 24 Sep. 2024, at 9:20 a.m. MT (11:20 a.m. CT). Bristol will also participate in investor meetings throughout the day, the company said […]
Petrobras on Media Reports on Fuel Prices
(Energy Analytics Institute, 18.Sep.2024) — Petrobras downplayed claims in the media that it has decided to reduce fuel prices. “Any adjustments to the prices of its products are made in the normal course of its business with no defined periodicity and, when there is a decision to change, the price list […]
TotalEnergies to Supply 1.1 mtpa to BOTAŞ for 10 Years
(Energy Analytics Institute, 18.Sep.2024) — In line with its strategy to grow its long-term liquefied natural gas (LNG) sales, TotalEnergies signed a Heads of Agreement (HoA) with BOTAŞ for the delivery of 1.1 million tons per annum (mtpa) of LNG for ten years starting from 2027. This agreement allows TotalEnergies to […]
Strohm’s TCP Jumpers Installed Offshore Malaysia
(Energy Analytics Institute, 18.Sep.2024) — Strohm has overseen the successful installation of its thermoplastic composite pipe (TCP) Jumper technology at the Deepwater Sabah project offshore Malaysia. The technology was installed by contractor McDermott on behalf of an international operator. It is the second time the firm’s TCP product has been […]
Seadrill and Oil States in Strategic Collaboration to Enhance Offshore Operations
(Energy Analytics Institute, 17.Sep.2024) — Seadrill Limited and Oil States International, Inc. announced a non-exclusive collaborative relationship with an aim on increasing the safety and efficiency of offshore MPD operations. This strategic initiative combines Oil States’ award-winning MPD Integrated Riser Joint (IRJ) system with Seadrill’s high-spec fleet of floating drilling […]
SLB Launches Lumi Platform
(SLB, 17.Sep.2024) — SLB launched the Lumi™ data and AI platform, which integrates advanced artificial intelligence (AI) capabilities—including generative AI—with workflows across the energy value chain. The open, secure and modular platform unlocks access to high-quality data across subsurface, surface, planning and operations, increasing cross-domain collaboration and releasing new intelligence […]
Woodside and JERA Ink Deal for Long-Term LNG Supply
(Woodside, 17.Sep.2024) — Woodside has signed a sale and purchase agreement (SPA) with JERA for the long-term supply of liquefied natural gas (LNG) to Japan. Under the SPA, Woodside will supply approximately 0.4 million tonnes (six cargoes) of LNG per year over 10 years on a delivered basis, commencing in […]
Talos Energy Publishes Annual Sustainability Report
(Tales, 17.Sep.2024) — Talos Energy Inc. published its fifth annual Sustainability Report for the 2023 calendar year. The report highlights Talos’s continued commitment to transparency, emissions reduction efforts, and sustainability and governance improvements across its growing exploration and production business in the Gulf of Mexico. Talos’s report was developed with reference to […]
Nucor Announces 3Q:24 Guidance
(Energy Analytics Institute, 17.Sep.2024) — Nucor Corporation announced guidance for its third quarter ending 28 Sep. 2024. Nucor expects third quarter earnings to be in the range of $0.87 to $0.97 per diluted share. After adding back certain one-time non-cash charges totaling approximately $0.43 per diluted share, described below, we expect third quarter adjusted earnings per diluted […]
Gastech Houston 2024: Day 1 Wrap
(Gastech, 17.Sep.2024) — Gastech Exhibition & Conference 2024 launched in Houston today under the banner of ‘Transforming Energy Through Vision, Innovation, and Action,’ providing a premier platform for industry leaders, policymakers, and energy professionals to explore the pivotal role of natural gas and LNG in enhancing energy security and reducing […]
Nauticus Robotics Reports Second Round of Aquanaut Mark 2 Testing
(Nauticus Robtics, 17.Sep.2024) — Nauticus Robtics, Inc., a innovator in autonomous subsea robotics and software, began its second round of qualification testing of its flagship underwater vehicle, Aquanaut Mark 2, in the Gulf of Mexico (GOM). Vehicle 2 will be used for commercial operations going forward. Completion of this testing is intended to certify […]
Venture Global Expand European Regas Capacity
(Venture Global, 17.Sep.2024) — Venture Global announced the execution of a binding long-term terminal use agreement (TUA) with GASTRADE S.A. enabling the regasification and sale of liquefied natural gas (LNG) from Venture Global’s terminals in Louisiana to markets in Central and Eastern Europe. Under the agreement, Venture Global has secured approximately 1 million tonnes per annum […]
Johan Castberg Anchored in the Barents Sea
(Equinor, 17.Sep.2024) — The floating production, storage and offloading vessel (FPSO) is now securely anchored on the Johan Castberg field in the Barents Sea. The hook-up of the FPSO to the subsea facilities, preparing it for production start-up towards the end of the year, will now start. “This is an […]
Gastech Houston 2024: Day 2 Wrap
(Gastech, 17.Sep.2024) — Gastech Exhibition & Conference 2024, the world’s premier platform for natural gas, LNG, hydrogen, climate technologies, energy manufacturing, and low carbon solutions, marked its second day, driving key conversations on the role of innovation and collaboration in delivering a just, orderly sustainable path to net-zero. In the day’s […]
Groete Gold Project Permit Update
(Energy Analytics Institute, 17.Sep.2024) — Gold Port Corporation revealed that the 100% owned claim group comprising the Groete Gold Copper Project has been renewed for the ensuing year by the Guyana Geology and Mines Commission. The three mining permits total 1,384 hectares and are now in effect until Jul. 2027. During this […]