Author: ENERGY ANALYTICS INSTITUTE (EAI)

Energy Analytics Institute (EAI), formerly LatinPetroleum.com, is a Houston-established private organization with a satellite presence in Calgary, Mexico City and Venezuela where it operates under Editores LatinPetroleum SA. Since 1999, EAI has been a leader in energy news coverage of Latin America in particular. Coverage, run out of Latin America, now spans the world and encompasses nearly all energy and energy-related sectors.

Marathon Oil Reports 1Q:22 Net Income of $1.3bn

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(Marathon, 4.May.2022) — Marathon Oil Corporation (NYSE:MRO) reported first quarter 2022 net income of $1,304mn, or $1.78 per diluted share, which includes the impact of certain items not typically represented in analysts’ earnings estimates and that would otherwise affect comparability of results. The adjusted net income was $749mn, or $1.02 per diluted share. Net operating cash […]

Talos, Carbonvert and Chevron Propose JV to Enhance a CCS Project

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(Talos, 3.May.2022) — Talos Energy Inc. (NYSE: TALO), through its Talos Low Carbon Solutions division, Carbonvert, Inc. and Chevron U.S.A., Inc., through its Chevron New Energies division, announced a memorandum of understanding (MOU) for an expanded joint venture to develop the Bayou Bend CCS offshore carbon capture and sequestration (CCS) hub […]

Livent Reports 1Q:22 Revenue of $143.5mn

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(Livent Corporation, 3.May.2022) — Livent Corporation (NYSE: LTHM) reported results for the first quarter of 2022. Revenue was $143.5mn, up 17% from the fourth quarter of 2021 and 56% higher compared to the prior year.  Reported GAAP net income was $53.2mn, 609% higher than the previous quarter, and 28 cents per diluted share. Adjusted EBITDA was $53.3mn, […]

TTNGL Releases 2021 Annual Report

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(TTNGL, 3.May.2022) — ‘Successful, Steadfast, Secure’ is a fitting theme for the TTNGL Annual Report 2021 as the Company’s financial performance reflect a major uplift of 373.6% in profit after tax over 2020 (excluding impairment reversal). The report, which was published to TTNGL’s website on 30 April 2022, shows that […]

Frontera Reports 1Q:22 Net Income of $102.2mn

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(Frontera, 3.May.2022) — Frontera Energy Corporation (TSX: FEC) reported financial and operational results for the first quarter ended 31 March 2022. All financial amounts in this news release are in United States dollars, unless otherwise stated. Gabriel de Alba, Chairman of the Board of Directors, commented: “Frontera continued to deliver strong performance results […]

ESC Partners and ENCO Utility Services Join Forces

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(ESC Partners, 3.May.2022) — ESC Partners, premier choice for collaborative Smart City and Utility Transformation projects, is excited to announce its strategic partnership with ENCO Utility Services, a turnkey provider of bundled utility services for 150+ municipal and private utilities. ENCO, the leading provider of customer and utility services in the […]

Dell Technologies Solar Community Hubs Bring Technology to Remote Communities

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(Dell Technologies,2.May.2022) — Dell Technologies (NYSE:Dell), in partnership with Computer Aid, Intel and Microsoft, announced its Solar Community Hubs strategy, marking an evolution in its established Solar Learning Labs program. Moving beyond technology access for education alone, the hubs improve access to technology, healthcare and workforce skills for communities in remote areas around the world. […]

Livent to Double its Ownership Stake in Nemaska Lithium to 50%

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(Livent Corp., 2.May.2022) — Livent Corporation (NYSE: LTHM) announced that it has agreed to double its ownership interest to 50% in Nemaska Lithium Inc., a fully integrated lithium hydroxide development project located in QuĂ©bec, Canada.  Livent will issue 17,500,000 shares of its common stock to The Pallinghurst Group and its investors […]

FMC Corp. Reports 1Q:22 Results, 31% Y-O-Y Rise in LatAm Sales

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(FMC Corp., 2.May.2022) — FMC Corporation (NYSE: FMC) reported first quarter 2022 revenue of $1.35bn, an increase of 13 percent versus first quarter 2021, driven by strong demand and global pricing actions. Excluding a 3 percent headwind from foreign exchange, year-over-year sales grew 16 percent organically. On a GAAP basis, the company reported […]

Agnico Eagle Reveals Acceptance by TSX of Normal Course Issuer Bid

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(Agnico Eagle Mines Limited, 2.May.2022) — Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) received approval from the Toronto Stock Exchange (the “TSX”) of Agnico Eagle’s notice of intention to make a normal course issuer bid (the “NCIB”). Under the NCIB, Agnico Eagle may purchase for cancellation, on the open market at […]

Noble Reports 1Q:22 Results, Revenue Backlog of Approximately $1.9bn

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(Noble, 2.May.2022) — Noble Corporation (NYSE: NE) reported first quarter 2022 results. Robert W. Eifler, President and Chief Executive Officer of Noble Corporation, stated “Our strong operational performance, highlighted by the successful commencement of operations for the Noble Gerry de Souza in Suriname, coupled with significant contracting success across the fleet, sets the stage […]

Coterra Energy Reports 1Q:22 Results, Announces Quarterly DividendïżŒ

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 (Coterra, 2.May.2022)  Coterra Energy Inc. (NYSE: CTRA) reported first-quarter 2022 financial and operating results. On October 1, 2021, Coterra announced that the merger involving the company, which was formerly named Cabot Oil & Gas Corporation, and Cimarex Energy Co., was completed. Referenced results for the three months ended 31 March 2021 reflect only legacy Cabot. Referenced […]

New Gold Reports 1Q:22 Results

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(New Gold, 2.May.2022)  New Gold Inc. (TSX: NGD) (NYSE: NGD) reports first quarter results for the company as of 31 March 2022. The company will host a conference call and webcast today at 8:30 am Eastern Time to discuss the first quarter consolidated results (details are provided at the end of this news release). Consolidated […]

Maersk Drilling Awarded Additional Three-well Contract with Aker BP

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(Maersk Drilling, 2.May.2022) — Maersk Drilling secured a contract with Aker BP, on behalf of the Ivar Aasen license, who will employ the ultra-harsh environment jack-up rig Maersk Invincible for the drilling of three infill wells at the Ivar Aasen field offshore Norway. The contract has an estimated duration of […]

Venezuelan Workers Celebrate May Day with President Maduro

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(Energy Analytics Institute, 1.May.2022) — Venezuelan workers from across various sectors together with workers from the still important petroleum sector marched to Miraflores Presidential Palace in Caracas to celebrate international workers’ day together with President NicolĂĄs Maduro. Simultaneous mobilizations also took place in other states across the OPEC country including […]

ConocoPhillips Announces Executive Leadership Changes

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(ConocoPhillips, 2.May.2022) — ConocoPhillips (NYSE: COP) announced that Tim Leach, previously executive vice president, Lower 48, has become advisor to the chief executive officer, effective 1 May 2022. In addition to his new role, Leach will continue serving as a member of the company’s board of directors. In conjunction with […]

NRGBriefs: Guyana’s GDP Growth

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(Energy Analytics Institute, 30.Apr.2022) — Energy briefs including rising production and robust oil prices to aid Guyana’s gross domestic product growth in coming years. LATIN AMERICA AND THE CARIBBEAN Guyana — Rising production and robust oil prices will aid Guyana’s GDP growth. The country’s GDP will be the highest in […]

Chevron Reports 1Q:22 Results, Ups Guidance for Permian Basin

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(Chevron, 29.Apr.2022) — Chevron Corporation (NYSE: CVX) reported earnings of $6.3bn ($3.22 per share – diluted) for first quarter 2022, compared with $1.4bn ($0.72 per share – diluted) in first quarter 2021. Included in the current quarter were pension settlement costs of $66mn. Foreign currency effects decreased earnings by $218mn. […]

Agnico Eagle Reveals Election of Directors

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(Agnico Eagle Mines Limited, 29.Apr.2022) — Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) announced that, at the annual and special meeting of shareholders held on 29April 2022, each of the 12 nominees listed in the management information circular dated 21 March 2022, were elected as directors of Agnico Eagle. Detailed results of the […]

Sempra Releases 2021 Corporate Sustainability Report

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(Sempra, 29.Apr.2022) — Sempra (NYSE: SRE) (BMV: SRE) released its 2021 Corporate Sustainability Report highlighting the company’s sustainable business practices in support of its five-year, $36bn capital plan to advance new investments in critical energy infrastructure. “As the owner and operator of one of North America’s largest energy networks, we have a critical role to play […]

Bristow to Buy British International Helicopter Services Limited

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(Bristow, 29.Apr.2022) — Bristow Group Inc. (NYSE:VTOL) announced its plans to acquire British International Helicopter Services Limited (BIH), further enhancing its leading global Government Services business. Bristow will continue to build upon BIH’s strong relationships established through a longstanding history of serving both military and civilian markets. Bristow expects to […]

Subsea 7 Awarded Contract Offshore West Africa

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(Subsea 7, 29.Apr.2022) — Subsea 7 announced the award of a substantial(1) contract for the engineering, procurement, installation, and commissioning of flowlines and umbilicals, offshore West Africa. Project management and engineering has commenced with offshore operations scheduled to take place from H1 2024. No further details are disclosed at this time […]

NRGBriefs: Exxon exits Sakhalin-1; LyondellBasell on seasonal demand

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HOUSTON, TEXAS (Editors at Energy Analytics Institute, 29.Apr.2022, Words: 451) — Energy briefs including Exxon discontinuing operations at the Sakhalin-1 venture; and LyondellBasell Industries (NYSE: LYB) expecting typical improvements in summer seasonal demand will extend market strength for its products. LATIN AMERICA AND THE CARIBBEAN Guyana

Exxon Releases 1Q:22 Earnings Overview [PDF Downloads]

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(Exxon, 29.Apr.2022) — ExxonMobil announced that it earned $5.5bn in first quarter 2022; generated $14.8bn of cash flow from operating activities, more than covering capital investment and shareholder distributions. Other highlights follow: Earnings excluding identified items were $8.8bn, an increase of more than $6bn versus the first quarter of 2021, […]

Maersk Drilling Awarded One-well Extension in the Dutch North Sea

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(Maersk Drilling, 29.Apr.2022) — ONE-Dyas B.V. exercised an option to continue employing the harsh environment jack-up Maersk Resolute in the Dutch sector of the North Sea. The one-well contract extension is expected to commence in May 2022, in direct continuation of the rig’s current work scope, with an estimated duration of […]

SilverCrest’s Las Chispas Construction Update – Commissioning for 2Q:22

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(SilverCrest Metals, 29.Apr.2022) — SilverCrest Metals Inc. provided an update on construction activities at the company’s Las Chispas Project located in Sonora, Mexico. All currency amounts herein are presented in United States Dollars, unless otherwise stated. Highlights Commissioning On Schedule for Q2, 2022 – At the end of the first quarter of 2022 (“Q1, […]

Aker Horizons ASA: 1Q:22 Results

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(Aker Horizons, 29.Apr.2022) — Aker Horizons ASA (OSE: “AKH”), a developer of green industrial projects and technologies that accelerate the net zero transition, today announced its financial results for the three months ended 31 March 2022. The company’s Net Asset Value (“NAV”) rose to NOK 17.0bn in the first quarter of 2022 from NOK […]

Yes Energy Announces Significant Investment from Accel-KKR

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(Yes Energy,m 28.Apr.2022) — Yes Energy, a leader in North American energy market data, today announced a significant investment from Accel-KKR, a leading technology-focused, private equity firm. With this investment, Yes Energy will accelerate investment in its best-in-class power market data and product suite in order to serve its rapidly expanding market, and […]