ENERGY ANALYTICS INSTITUTE (EAI), Author at Editores LatinPetroleum

TotalEnergies Commits to Employee’s Energy Transition

(TotalEnergies, 9.Nov.2023) — As part of its transition strategy, TotalEnergies is committed to support its 35,000 employees in France in their own ecological transition effort to make their energy consumption or their mobility in their daily lives more sustainable. To this end, TotalEnergies and the company’s trade union representatives in […]

Franco-Nevada Declares Dividend

(Franco-Nevada, 8.Nov.2023) — Franco-Nevada announced that its Board of Directors has declared a quarterly dividend of US$0.34 per share. The dividend will be paid on 21 Dec. 2023, to shareholders of record on 7 Dec. 2023 (the “Record Date”). The dividend has been declared in U.S. dollars and the Canadian dollar equivalent will be determined […]

Franco-Nevada Reports 3Q:23 Results

(Franco-Nevada, 8.Nov.2023) — “Our core precious metal assets anchored the quarter, resulting in increased revenue and earnings over the prior year period,” stated Paul Brink, CEO. We are looking forward to added precious metal contributions from a number of new mines in 2024 and, in particular, from the Tocantinzinho stream […]

Petrobras Processes Renewables Materials at Riograndense Refinery

(Petrobras, 8.Nov.2023) — Petrobras informs that the Riograndense Petroleum Refinery (RPR) has reached a historic milestone by processing 100% soybean oil in an industrial refining unit for the first time. The test, carried out between the end of Oct. and the beginning of Nov., opens a new world frontier for […]

Petrobras Says Strategic Plan 2024-2028 is Under Construction

(Petrobras, 8.Nov.2023) — Petrobras, in relation to the news published in the media and in line with the statement of 25 Oct. 2023, confirms that its 2024-2028 Strategic Plan (2024-28 SP) is under construction, and will still be approved by the company’s Executive Board and Board of Directors. The strategic […]

Maurel & Prom Inks Deal in Venezuela [PDF Download]

(Sempra, 8.Nov.2023) — Maurel & Prom signed a set of agreements with Venezuela’s state owned PDVSA for the immediate restart of the activity of M&P’s mixed company in Venezuela. _________________

Parex Announces 3Q:23 Results, Arauca Drilling Success

(Parex, 7.Nov.2023) — Parex Resources Inc. (TSX: PXT) announced its financial and operating results for the three-month period ended 30 Sep. 2023, and the declaration of its Q4 2023 regular dividend of C$0.375 per share. “With our inaugural well in Arauca, I take pride in our team’s remarkable achievement in […]

Sempra Price Public Offering of Common Stock

(Sempra, 7.Nov.2023) — Sempra (NYSE: SRE) (BMV: SRE) today announced that it has priced its registered public offering of 17,142,858 shares of its common stock in connection with the forward sale agreements described below at $70.00 per share. The offering is expected to close on or about 10 Nov. 2023, subject to customary closing conditions. […]

Oxy Reports 3Q:23 Results [PDF Downloads]

(Oxy, 7.Nov.2023) — Occidental (NYSE: OXY) today announced net income attributable to common stockholders for the third quarter of 2023 of $1.2bn, or $1.20 per diluted share, and adjusted income attributable to common stockholders of $1.1bn, or $1.18 per diluted share. “Our teams continued their outstanding performance across all three of our […]

Oxy and BlackRock JV to Develop STRATOS DAC Plant

(Oxy, 7.Nov.2023) — Occidental (NYSE: OXY) announced today that BlackRock (NYSE: BLK) will invest $550mn on behalf of clients in the development of STRATOS, the world’s largest Direct Air Capture (DAC) facility, in Ector County, Texas. Through a fund managed by its Diversified Infrastructure business, BlackRock has signed a definitive agreement to form […]

Ecopetrol 2023 Results: Second Best in History [PDF Downloads]

(Ecopetrol, 7.Nov.2023) — Within the framework of Ecopetrol‘s 15th anniversary celebration on the New York Stock Exchange, we hosted our Investor Day, during which we reaffirmed our 2040 Strategy, “Energy that Transforms”. Among the key points presented to the market, I would like to highlight the following: i) our steadfast […]

Africa
Gabon

BW Energy: Substantial Oil Find in the Hibiscus South Prospect

(BW Energy, 6.Nov.2023) — BW Energy announced that the DHBSM-1 appraisal well has encountered commercial volumes of oil in the Hibiscus South satellite prospect. The company plans to return to the well to complete it as a production well in early 2024. The DHBSM-1 well was drilled from the MaBoMo […]

Kosmos Boosts Working Interest, Assumes Operatorship of Yakaar-Teranga

(Kosmos, 6.Nov.2023) — Kosmos Energy Ltd. (NYSE/LSE: KOS) has increased its working interest to 90% and assumed operatorship, subject to customary government approvals, of the world-scale Yakaar-Teranga gas discoveries offshore Senegal. The increase in working interest follows BP‘s exit from the field. Yakaar-Teranga is one of the world’s largest gas […]

New Fortress to Charter FSRU for LNG Import Terminal in Brazil

(Reuters, 6.Nov.2023) — Liquefied natural gas (LNG) developer New Fortress Energy said on Monday it has signed a deal to charter a floating storage and regasification unit (FSRU) from Brazil’s Petrobras starting in December. The company said FSRU Energos Winter will be immediately deployed to Terminal Gas Sul (TGS), New […]

Sempra Reports Strong 3Q:23 Earnings [PDF Downloads]

(Sempra, 3.Nov.2023) — Sempra (NYSE: SRE) (BMV: SRE) announced third-quarter 2023 earnings of $721mn, or $1.14 per diluted share, compared to third-quarter 2022 earnings of $485mn, or $0.77 per diluted share. On an adjusted basis, the company’s third-quarter 2023 earnings were $685 million or $1.08 per diluted share, compared to $622mn, or $0.98 per diluted share, in 2022. Further, Sempra is updating its full-year […]

Energy Transfer Completes Crestwood Acquisition

(Energy Transfer, 3.Nov.2023) — Energy Transfer LP (NYSE: ET) announced completion of its previously announced merger with Crestwood Equity Partners LP. The merger was approved by Crestwood unitholders at its special meeting of unitholders held on 30 Oct. 2023. Effective with the opening of the market on 3 Nov. 2023, Crestwood’s […]

ConocoPhillips Comments on Venezuelan-Related Progress

(Energy Analytics Institute, 2.Nov.2023) — ConocoPhillips chairman and CEO Ryan Lance updated the analyst community on the company’s situation regarding Venezuela and recently started auction process for assets of Houston-based refinery Citgo Petroleum during a recent conference call. “We’re in a process with the Venezuelans right now. They also have […]

Venezuela’s October Oil Exports Fall 19% Despite U.S. Easing Sanctions

(Reuters, 2.Nov.2023) — Venezuela’s oil exports declined in October to less than 700,000 barrels per day (bpd) amid operational hiccups at the country’s main production region, in a sign any sustained output recovery after the lifting of U.S. oil sanctions might take time. The U.S. Treasury Department last month broadly eased […]

PetroChina Aims to Resume Venezuelan Oil Imports after 4-year Pause

(Reuters, 2.Nov.2023) — China’s PetroChina is proposing to buy up to 8 million barrels a month of Venezuelan crude from state-run oil company PDVSA, according to four people familiar with the matter, hoping to resume a trade suspended four years ago by U.S. sanctions. In October, the U.S. Treasury Department temporarily […]

Tellurian Reports Large 3Q:23 Operating Loss [PDF Download]

(Tellurian, 2.Nov.2023) — Tellurian Inc. (NYSE American: TELL) continues to progress the production and sales of natural gas and the financing and construction of its Driftwood project. President and CEO Octávio Simões said, “Tellurian’s upstream segment continues to provide growing natural gas production, improving significantly over the third quarter of […]

Africa
Congo

Perenco Congo and Congorep Complete Seismic Campaign

(Perenco Congo, 2.Nov.2023) — Perenco Congo and Congorep, the joint venture company between Perenco and Société Nationale des Pétroles du Congo (the national petroleum company of the Republic of Congo, SNPC), both major players in hydrocarbon production in the Republic of Congo, are pleased to confirm they have completed a successful 3D seismic acquisition […]

Local Trinidad Operator Expresses Interest in Citgo Assets

(Trinidad Express, 2.Nov.2023) — Decker Petroleum and Marketing Company Ltd (DPMCL), based in Trinidad and Tobago, has written the US District Court of Delaware officially expressing its interest in acquiring the asphalt assets of Venezuelan oil refiner Citgo. In 2018, the US District Court of Delaware ordered PDV Holdings, the […]

ExxonMobil Completes Denbury Acquisition

(ExxonMobil, 2.Nov.2023) — Exxon Mobil Corporation (NYSE: XOM) has closed its acquisition of Denbury Inc. (NYSE: DEN) in an all-stock transaction valued at $4.9bn, or $89.45 per share, based on ExxonMobil’s closing price on 12 July 2023. Under the terms of the agreement, Denbury shareholders will receive 0.84 shares of […]

Cheniere Provides 3Q:23 Financial Highlights [PDF Downloads]

(Cheniere, 2.Nov.2023) — Cheniere Energy, Inc. (NYSE American: LNG) updated investors on recent highlights during the third quarter of 2023. During the three and nine months ended 30 September 2023, Cheniere generated revenues of approximately $4.2bn and $15.6bn, net income1 of approximately $1.7bn and $8.5bn, Consolidated Adjusted EBITDA2 of approximately $1.7bn and […]

Cheniere and Foran Energy Ink Long-Term LNG SPA

(Cheniere, 2.Nov.2023) — Cheniere Energy, Inc. (NYSE American: LNG) announced that Cheniere’s subsidiary, Cheniere Marketing, LLC, has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with Foran Energy Group Co. Ltd. Under the SPA, Foran has agreed to purchase approximately 0.9 million tonnes per annum […]

ConocoPhillips Reports 3Q:23 Results [PDF Downloads]

(ConocoPhillips, 2.Nov.2023) — ConocoPhillips (NYSE: COP) reported third-quarter 2023 earnings of $2.8bn, or $2.32 per share, compared with third-quarter 2022 earnings of $4.5bn, or $3.55 per share. Excluding special items, third-quarter 2023 adjusted earnings were $2.6bn, or $2.16 per share, compared with third-quarter 2022 adjusted earnings of $4.6bn, or $3.60 […]

Aker Horizons ASA Reports 3Q:23 Results

(Aker Horizons, 2.Nov.2023) — Aker Horizons ASA (OSE: AKH), a developer of green energy and industry, today announced results for the third quarter of 2023. Aker Horizons’ net asset value stood at NOK 10.2bn as of 30 Sep. 2023. The company had a cash position of NOK 3.5bn and an undrawn credit facility of EUR 500mn, giving […]

Sungrow Announces Renewable Energy Solutions to Support Saudi’s Vision 2030

(Sungrow, 1.Nov.2023) — Sungrow, the global inverter and energy storage system supplier, introduced its state-of-the-art solar-plus-storage energy solutions covering utility-scale, C&I and residential scenarios during the Solar Show KSA 2023. The solutions incorporate cutting-edge technologies in the industry, aiming to accelerate Saudi Arabia’s transition from traditional energy to clean power and increase […]

Apache Corp Expands Award-Winning Tree Grant Programme to Scotland

(APA Corporation, 1.Nov.2023) — Apache Corporation, a subsidiary of APA Corporation (Nasdaq: APA), today announced the launch of the Apache Tree Grant Programme in Scotland for the 2023-2024 planting season. Initially launched in the United States, the Apache Tree Grant Programme is an award-winning initiative focused on large-scale conservation, protection […]

APA Corp. Reports 3Q:23 Financial, Operational Results [PDF Download]

(APA Corporation, 1.Nov.2023) — APA Corporation (Nasdaq: APA) announced its financial and operational results for the third quarter of 2023. APA reported net income attributable to common stock of $459mn, or $1.49 per diluted share. When adjusted for items that impact the comparability of results, APA’s third-quarter earnings were $410mn, or […]

Bristow Reports 3Q:23 Results

(Bristow, 1.Nov.2023) — Bristow Group Inc. (NYSE: VTOL) reported net income attributable to the company of $4.3mn, or $0.15 per diluted share, for its quarter ended 30 Sep. 2023 on operating revenues of $330.3mn compared to net loss attributable to the company of $1.6mn, or $0.06 per diluted share, for the quarter ended 30 Jun. 2023 on operating revenues […]

1PointFive and TD Announce Direct Air Capture Carbon Removal Credit

(1PointFive, 31.Oct.2023) — 1PointFive, a carbon capture, utilization and sequestration company, and TD Bank Group, announced a purchase of carbon dioxide removal (CDR) credits from STRATOS – 1PointFive’s first Direct Air Capture (DAC) plant currently under construction in Texas. Under the terms of the agreement, and subject to STRATOS becoming […]

Marathon’s SVP Heppner Says Company Not Interested in Citgo Assets

(Energy Analytics Institute, 31.Oct.2023) — Marathon Petroleum Corporation’s senior vice president of strategy and business development, Dave Heppner, responded to questions from analysts during the company’s third quarter 2023 conference call about rumors it was interested in Houston-based refiner Citgo Petroleum. Heppner said that in the current environment that refining […]

Mainstream’s JV Applies for 2.5 GW Wind Permit off Sweden’s East Coast

(Mainstream, 31.Oct.2023) — Freja Offshore, a 50-50 joint venture between Mainstream Renewable Power and Hexicon, has submitted a planning application for the up-to 2.5 GW Dyning floating offshore wind farm in the Baltic Sea, located in Sweden’s economic zone, approximately 45 kilometers southeast of Oxelösund. Dyning will have the potential […]

Petronas FutureTech 3.0 Accelerates Growth of Startups in Sustainable Innovations

(Petronas, 31.Oct.2023) — Petronas’ accelerator programme, Petronas FutureTech 3.0 selected at its Demo Day today 10 technology-driven startups that have shown the most potential in developing impactful, future-focused and sustainable innovations which are able to meet energy transition needs. Five selected startups including Entomal Biotech Sdn Bhd, Wildfire Energy Pty […]

Petronas Makes Oil Find in Suriname’s Offshore Block 52

(Petronas, 2.Nov.2023) — Petronas’ subsidiary, Petronas Suriname E&P B.V., has made an oil discovery at the Roystonea-1 exploration well in Suriname’s Block 52. The well, located about 185 kilometers offshore in water depth of 904 meters, was successfully drilled to a total depth of 5,315 meters. It also encountered several […]

Petrobras Comments on Extraordinary General Meetings

(Petrobras, 31.Oct.2023) — The Board of Directors of Petróleo Brasileiro S.A. (Petrobras) invites the company’s shareholders to meet at the Extraordinary General Meeting, to be held on 30 November 2023, at 2:00 p.m. (GMT-3 time zone) partially by digital form, pursuant to Resolution No. 81 of the Brazilian Securities and Exchange […]

EAI’s NRGBriefs: Oct. 2023

(Energy Analytics Institute, 31.Oct.2023) — Energy briefs as well as others related to finance and projects during October 2023 including Vista‘s third quarter 2023 earnings presentation; the long-awaited Citgo Petroleum auction; Colombia’s first seabed allocation competitive process for offshore wind energy; former Trinidad and Tobago energy minister Kevin Ramnarine on […]

England
UK

bp’ 3Q:23 Results: Focused on Delivery [PDF Downloads]

(bp, 31.Oct.2023) — Our results this quarter show how we are making progress on our strategy to transform from an international oil company to an integrated energy company. From the expansion of the Tangguh LNG facility in Indonesia to a new deal with Tesla in EV charging, we’re providing oil […]

Africa
Congo

IMF on Staff-Level Agreement with the Democratic Republic of the Congo

(IMF, 31.Oct.2023) — End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary […]

Noble Corp. Reports 3Q:23 Results [PDF Download]

(Noble, 31.Oct.2023) — Noble Corporation plc (NYSE: NE, CSE: NOBLE) reported third quarter 2023 results. Highlights: Increasing quarterly dividend to $0.40 per share in the fourth quarter.Net Income of $158mn, Diluted Earnings Per Share of $1.09, Adjusted EBITDA of $283 million, cash provided by operating activities of $139mn, and Free Cash […]

Denbury Shareholders Approve Merger with Exxon Mobil

(Reuters, 31.Oct.2023) — (DEN.N) said on Tuesday its shareholders approved the company’s merger with Exxon Mobil (XOM.N), with the deal closing expected on Nov. 2. Exxon Mobil in July agreed to buy the Plano, Texas-based Denbury for $4.9 billion to accelerate its energy transition business with an established carbon dioxide (CO2) sequestration […]

Venezuelan Oil Sanctions Relief at Risk as Court Suspends Opposition Primary Results

(S&P Global, 30.Oct.2023) — The Supreme Court of Justice (TSJ) in Venezuela ordered the suspension of the results of the opposition’s primary elections which was claimed to be won by María Corina Machado, and proclaimed as presidential candidate of the opposition, a decision that could put the relief of US […]

Asia
China

JinkoSolar Announces 3Q:23 Financial Results

(JinkoSolar, 30.Oct.2023) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced its unaudited financial results for the third quarter ended 30 September 2023. Third Quarter 2023 Business Highlights Leveraging our outstanding N-type technology, extensive global operation network, and advanced integrated capacity structure, module shipments in the third quarter increased 20.4% sequentially and 107.9% year-over-year.At […]

Chevron, Angola Gov’t to Collaborate on Low-Carbon Opportunities

(Chevron, 30.Oct.2023) — Cabinda Gulf Oil Company Limited (CABGOC), a Chevron’s subsidiary in Angola, hosted in Luanda a signature of a Memorandum of Understanding (MOU) between Chevron New Energies, a Chevron U.S.A. Inc. division, and the Angola government to explore potential lower carbon business opportunities in Angola. Chevron and the […]

Asia
Vietnam

Perenco Vietnam: Block 15-1 Reaches 400 MMbbl Production Milestone

(Perenco Vietnam, 30.Oct.2023) — Perenco Vietnam announced that as Block 15-1 marks its 25th anniversary, it has reached the significant production milestone of 400 million barrels of oil. The 400 millionth barrel was commemorated at an event in Ho Chi Minh City with officials from several Vietnamese ministries and Government offices, […]

Asia May Have Little to Cheer from Lifting of Venezuelan Oil Sanctions

(S&P Global, 30.Oct.2023) — Asia may have little to cheer following the lifting of the sanctions on Venezuelan oil as increased competition for those Latin American cargoes could potentially make it difficult for buyers like China and India to source incremental cargoes from the supplier, prompting them to look at […]

Tetra Reports 3Q:23 Results, Updates on Lithium Brine Unit

(TETRA, 30.Oct.2023) — TETRA Technologies, Inc. (NYSE:TTI) today announced third quarter 2023 financial results. Brady Murphy, TETRA President and Chief Executive Officer, stated, “In addition to another strong financial performance, in the third quarter we achieved an important milestone in our Company’s history with unanimous approval by the Arkansas Oil & […]

Azure Sustainable Fuels Solidifies Strategic Partnership with Savage

(Azure, 30.Oct.2023) — Azure Sustainable Fuels Corp. has formed a strategic partnership with global supply chain company, Savage, and its agribusiness, Bartlett. Together with the previously announced government financial awards, this partnership further accelerates Azure’s plans of producing sustainable aviation fuel (SAF) by 2027. Savage and Bartlett bring significant expertise […]

Eni CFO Gattei Says Venezuela ‘Clearly Is Now An Opportunity’

(Energy Analytics Institute, 27.Oct.2023) — The CFO of Eni S.p.A., Francesco Gattei, commented on the situation in Venezuela during the Italian company’s third quarter 2023 conference call with analysts. Gattei said the Opec country is “clearly is now an opportunity”, referring to the state of play in the country after […]