A Supercharged China Could Turn up the Heat on Global Commodities
(WoodMac, 23.Mar.2023) — The Chinese economy is expected to grow by 5.5% but could grow by as much as 7% in 2023 as the country bounces back from three years...
ExoCoBio Gets License For Hyaluronic Acid Dermal Fillers from Brazil ANVISA
(ExoCoBio, 2.Mar.2023) — ExoCoBio Inc. announced that it obtained the "Certificate of Advanced Biopharmaceutical Manufacturing" from the Ministry of Food and Drug Safety in Korea and the "HA Filler GMP...
How the Russia-Ukraine War is Changing Energy Markets
(WoodMac, 23.Feb.2023) — Ukraine’s battle is existential. The country has suffered a year of lost lives, its people forced to live each day in perpetual fear and witness the destruction...
High Quality Oil and Gas Supplies are Scarce, WoodMac Says
(WoodMac, 16.Feb.2023) — The energy transition will require oil and gas for decades to come, but the supply of lower-cost, lower-carbon “advantaged” barrels remain scarce, threatening emissions targets and causing...
Mobil Launches 50% Post-consumer Recycled Plastic Pails in India
(ExxonMobil, 3.Feb.2023) — Mobil™, a global leader in lubrication technology innovation, has launched an initiative to encourage sustainable packaging with its 50% Post-Consumer Recycled (PCR) plastic pails. The PCR pails...
TotalEnergies Starts Fourth Solar Power Plant in Japan
(TotalEnergies, 1.Feb.2023) — TotalEnergies has started up commercial operation of a 51-megawatt (MW) solar power plant located in Tsu, Mie Prefecture, Japan. The plant, connected to the electricity distribution grid,...
JA Solar Awarded Top Brand PV MENA for 3rd Straight Year
(JA Solar, 18.Jan.2023) — World Future Energy Summit 2023 (WFES) was held from 16-18 January 2023 at the ADNEC, Abu Dhabi, where JA Solar, a globally manufacturer of high-performance PV products,...
ExxonMobil to Divest Interest in Esso Thailand
(Exxon, 11.Jan.2023) — ExxonMobil has reached an agreement with Bangchak Corporation to sell its interest in Esso Thailand that includes the Sriracha Refinery, select distribution terminals, and a network of...
Venture Global and Inpex Ink LNG SPA
(Venture Global, 26.Dec.2022) — Today, Venture Global LNG and Inpex Corporation announced the execution of a long-term Sales and Purchase Agreement (SPA) for the purchase of one million tonnes per...
The Price of Energy Insecurity
(IMF, 22.Dec.2022) — Climate change is an environmental issue. It’s also clearly an economic issue, and at the heart of the economics of climate change is energy security. The ripple...
QatarEnergy Inks Deal with QPD for Offshore Developments
(QatarEnergy, 22.Dec.2022) — QatarEnergy and Japan’s Qatar Petroleum Development Company (QPD) have signed a new agreement for the continued development and production of the Al-Karkara and A-Structures oil fields, located...
PGS Expands MultiClient Coverage in Sabah Province
(PGS, 19.Dec.2022) — PGS has secured pre-funding to expand MultiClient 3D coverage in the prospective Sabah platform province offshore Malaysia. The survey will cover approximately 3,500 square kilometers and Ramform Sovereign is...
Deepening China-Arab Energy Cooperation Born of Win-win Scenarios
(CGTN, 9.Dec.2022) — The Arab countries located at the junction of Asia, Africa and Europe are universally renowned for their unique geographic location and abundant energy reserves. Energy cooperation, one of the main components of...
WoodMac’s Five Key Energy Sector Developments in 2023
(WoodMac, 8.Dec.2022) — There is no doubt that 2022 has been an extremely challenging 12 months, but as the year draws to a close, there is hope. Spiralling energy costs...
CNOOC Says Enping 15-1/10-2/15-2/20-4 Project Commences Production
(CNOOC, 6.Dec.2022) — CNOOC Limited (SEHK: 00883, SSE: 600938) announces today that Enping 15-1/10-2/15-2/20-4 oilfields joint development project has commenced production. Enping 15-1/10-2/15-2/20-4 oilfields are located in the Eastern South...
Ormat Supports Taiwan Geothermal Development
(Ormat, 30.Nov.2022) — Following the commercial transfer of the 4.2MW Yilan Qingshui Geothermal Power Plant in 2021, Taiwan will have more geothermal energy. Jieyuan Energy Development, Fengyu Green Energy and...
Global Deepwater Production to Increase 60% by 2030: WoodMac
(WoodMac, 29.Nov.2022) — Global deepwater production will increase 60% by 2030, reaching 17 million barrels of oil equivalent per day (boe/d), according to a new report from Wood Mackenzie, a...
QatarEnergy, Sinopec Ink 27-year 4 MTPA LNG Supply Deal to China
(QatarEnergy, 21.Nov.2022) — QatarEnergy entered into a 27-year Sale and Purchase Agreement (SPA) with China Petroleum & Chemical Corporation (Sinopec) for the supply of 4 million tons per annum (MTPA)...
CNOOC Says Jinzhou 31-1 Gas Field Project Commences Production
(CNOOC, 17.Nov.2022) — CNOOC Limited (SEHK: 00883, SSE: 600938) announced that Jinzhou 31-1 gas field development project commenced production. Jinzhou 31-1 gas field locates in Liaodong Bay of Bohai Sea,...
JinkoSolar’s 182mm TOPCon Module Reaches Conversion Efficiency of 23.86%
(JinkoSolar, 15.Nov.2022) — JinkoSolar Holding Co., Ltd. (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, announced that following the record of maximum solar conversion...
MODEC Awarded FEED Contract for ExxonMobil’s “Uaru” Project in Guyana
(MODEC, 1.Nov.2022) — MODEC, Inc. signed a contract to perform Front End Engineering and Design (FEED) for a Floating Production, Storage and Offloading vessel (FPSO) for the “Uaru” development project....
MODEC on Development of Methane Hydrate Harvesting Technology
(MODEC, 27.Oct.2022) — MODEC, Inc. President & CEO: Takeshi Kanamori has been participating in the elemental technology development related to the development of shallow methane hydrate harvesting technology conducted by...
Qatargas-chartered-Q-Flex LNG Vessel Calls at China’s Beihai LNG Terminal
(Qatargas, 16.Oct.2022) — Qatargas Operating Company Limited has delivered a liquefied natural gas (LNG) cargo aboard a Q-Flex vessel to China's Beihai LNG Terminal, the first ever call by a...
![OPEC Cuts Oil Demand Forecast to Below the 100 MMb/d Mark [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/04/opec-header-africa-768x479.jpg)
OPEC Cuts Oil Demand Forecast to Below the 100 MMb/d Mark [PDF Download]
(Energy Analytics Institute, 12.Oct.2022) — The Organization of Petroleum Exporting Countries (OPEC) now forecasts oil demand to dip below 100 million barrels per day (MMb/d) in 2022 owing a lower...
Chevron and MOECO to Collaborate on Advanced Geothermal Technology
(Chevron, 26.Sep.2022)— Chevron New Energies International Pte, Ltd., and Mitsui Oil Exploration Co., Ltd (MOECO) announced the signing of a Joint Collaboration Agreement to explore the technical and commercial feasibility...
Air Liquide, Chevron, Keppel and Petrochina Form CCUS Consortium in Singapore
(Chevron, 21.Sep.2022) — Air Liquide, Chevron, Keppel Infrastructure and PetroChina (1) signed a memorandum of understanding to form a consortium which will aim to evaluate and advance the development of...
Pattern Closes Financing of Japan’s Largest Offshore Project
(Pattern Energy, 9.Sep.2022) — Pattern Energy Group LP and its affiliate in Japan, Green Power Investment Corporation (GPI), has completed financing and begun full construction of its 112 megawatt (MW) Ishikari...
Web Influencers Visit Yangtze River Ecological Conservation
(Chinese Sturgeon Research Institute, 2.Sep.2022) — Recently, the ambassadors to China from Brazil, Georgia, Guatemala, Italy, Mexico, Pakistan, South Korea, Spain, and the United Kingdom, as well as online influencers and journalists from foreign media organizations, visited...
Energy Analytics Institute’s NRGBriefs: August 2022
(Energy Analytics Institute, 31.Aug.2022) — Energy briefs as well as others related to finance and politics during August 2022 including Petrobras announcing firm well commitments to drill exploratory wells in...
Essar Inks $2.4bn Sale Pact with AM/NS for Infra Assets
(Essar, 26.Aug.2022) — In one of the largest post-pandemic M&A deals in India, Essar announced signing definitive agreements with Arcelor Mittal Nippon Steel (AM/NS) for certain Ports and Power infrastructure...
Chinese Firm Takes Over Lifting Venezuelan Oil for Debt Offset
(Reuters, 26.Aug.2022) — China has entrusted a defense-focused state firm to ship millions of barrels of Venezuelan oil despite U.S. sanctions, part of a deal to offset Caracas' billions of dollars...
CNOOC: Net Profit Doubled, Record-high Dividend Declared
(CNOOC, 25.Aug.2022) — CNOOC Limited (SEHK: 00883, SSE: 600938) announced its 2022 interim results for the six months ended 30 June 2022. During the period, the company focused on the...
New Pacific Reports Financial Results
(New Pacific, 25.Aug.2022) — New Pacific Metals Corp. reports its financial results for the three months and year ended June 30, 2022. All figures are expressed in US dollars unless otherwise stated....
Subsea 7 Awarded Floating Wind FEED Contract in South Korea
(Energy Analytics Institute, 18.Aug.2022) — Subsea 7 was awarded a floating wind FEED contract by Corio and TotalEnergies for a floating wind development in South Korea. The project, the Gray...
Siemens Gamesa Inks new Partnership with Azure Power in India
(Siemens Gamesa, 12.Aug.2022) — Siemens Gamesa has secured its first order in India with Azure Power India Private Limited to supply 96 SG 3.6-145 wind turbines for a 346 MW project in the state of Karnataka. Highlights:...
Petronet Says Dahej Terminal Processed 196 TBTU of LNG in Recent Quarter
(Petronet, 5.Aug.2022) — During the quarter ended 30 June, 2022 (current quarter), Petronet LNG Ltd.,’s Dahej terminal processed 196 TBTU of LNG as against 194 TBTU processed during the corresponding...
Petronet Delays Plan for 1 mtpa LNG Deal Amid High Prices
(Reuters, 5.Aug.2022) — India's top gas importer Petronet LNG has pushed back plans for a 1 million tonnes per annum (mtpa) liquefied natural gas (LNG) import deal after a surge...
PTTEP Approves Interim Dividend Payment at THB 4.25/share
(PTTEP, 1.Aug.2022) — PTTEP revealed its first-half of 2022 operating results with an increase in average sales volume primarily from Oman Block 61 Project and G1/61 Project. During the period,...
Cheniere and PTT Sign Long-Term LNG Sale and Purchase Agreement
(Cheniere, 26.Jul.2022) — Cheniere Energy, Inc. (NYSE American: LNG) announced that its wholly-owned subsidiary, Corpus Christi Liquefaction, LLC (“CCL”) entered into a long-term liquefied natural gas (“LNG”) sale and purchase...
Cheniere and PetroChina Sign Long-Term LNG Sale and Purchase Agreement
(Cheniere, 20.Jul.2022) — Cheniere Energy, Inc. (NYSE American: LNG) announced that its wholly-owned subsidiary, Cheniere Marketing, LLC, has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement...
China’s LNG Imports to See Unprecedented Decline in 2022
(WoodMac, 19.Jul.2022) — China’s LNG imports are set to fall over 14% year-on-year to 69 million tonnes (Mt) in 2022, the largest decline since it began LNG imports, says Wood...
NRGBriefs: Biden’s Middle East Trip, Sasol’s Force Majeure
(Energy Analytics Institute, 14.Jul.2022) — Energy briefs including US President Joe Biden continues meeting with world leaders in the Middle East as part of his tour of the region; and...
JinkoSolar Announces up to $200mn Share Repurchase Program
(JinkoSolar, 6.Jul.2022) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced that its board of directors has approved a share repurchase program, which authorizes the company to repurchase up to $200mn of...
NextDecade Inks 1 MTPA LNG Sale and Purchase Agreement with Guangdong Energy Group
(NextDecade Corp., 6.Jul.2022) — NextDecade Corporation (NASDAQ: NEXT) announced execution of a 20-year sale and purchase agreement (“SPA”) with Guangdong Energy Group for the supply of liquefied natural gas (“LNG”) from NextDecade’s...
NextDecade Inks 1 MTPA LNG Sale and Purchase Agreement with China Gas
(NextDecade Corp., 5.Jul.2022) — NextDecade Corporation (NASDAQ: NEXT) announced execution of a 20-year sale and purchase agreement (“SPA”) with China Gas Hongda Energy Trading Co., LTD, a wholly-owned subsidiary of...
LG Energy Partners with Compass Minerals to Enhance Supply Chain Flow
(LG Energy Solution, 29.Jun.2022) — LG Energy Solution (LGES; 373220) is branching out in its efforts to secure supply chain of materials as it ramps up its battery production to...
ExxonMobil, CNOOC and Shell to Pursue CCS Hub in China
(Exxon, 27.Jun.2022) — ExxonMobil, Shell, CNOOC, and Guangdong Provincial Development & Reform Commission signed a Memorandum of Understanding to evaluate the potential for a world-scale carbon capture and storage project...
222 Million Crisis-Impacted Children in Urgent Need of Educational Support
(Education Cannot Wait, 21.Jun.2022) — The United Nations global fund for education in emergencies and protracted crises, Education Cannot Wait (ECW), released a shocking new report today that indicates the number of...
JinkoSolar Reveals its First Overseas “RE100 Factory” Completely Powered by Renewables
(JinkoSolar, 15.Jun.2022) — JinkoSolar Holding Co., Ltd. (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that its Malaysia factory has become its first overseas "RE100...
Adani and TotalEnergies to Create World’s Largest Green Hydrogen Ecosystem
(Adani Group, 14.Jun.2022) — Adani, India's fastest-growing diversified business portfolio, and energy supermajor TotalEnergies of France, have entered into a new partnership to jointly create the world's largest green hydrogen ecosystem. In this...
Sercel Equips New Vessel in South Korea with Marine Acquisition System
(CGG, 13.Jun.2022) — CGG announced today that Sercel has sold a complete marine seismic acquisition system to HJ Shipbuilding & Construction, a South Korean shipbuilding leader. The contract calls for...
Siemens Gamesa Clocks Deal for Platform in India with Vena Energy
(Siemens Gamesa, 10.Jun.2022) — Siemens Gamesa signed a deal with Vena Energy to supply its industry leading 3.X platform turbines to a 133 MW wind project in Koppal District, Karnataka,...
Shell Sanctions Crux Gas Project
(WoodMac, 30.May.2022) — Shell has sanctioned the development of the Crux gas field in Australia’s Bonaparte Basin. Wood Mackenzie research analyst Michael Song said: “The development is expected to cost...
TotalEnergies Inks Long-Term LNG Sale Contract with Hanwha Corporation
(TotalEnergies, 24.May.2022) — Against the backdrop of World Gas Conference 2022, TotalEnergies announces the signing of a Sale and Purchase Agreement (SPA) with the Korea’s Hanwha Energy Corporation for the supply of 600,000...
NRGBriefs: Ecopetrol’s and Oxy’s Caribbean Deep-Water Deal
(Energy Analytics Institute, 18.Apr.2022) — Energy briefs including Colombia’s state-owned Ecopetrol and US-based Occidental announcing plans to jointly participate in exploration activities in four blocks in the deep-waters offshore Colombia’s...
LNG Contracting Off to Fast Start in 2022 with More Than 10 mmtpa Signed
(WoodMac, 16.May.2022) — Demand for long-term LNG contracts continues to gain momentum this year as large volumes have been signed and prices for oil-linked deals under negotiation are rising, according...
NRGBriefs: Touchstone’s Strongest Quarter; JinkoSolar Files Form 20-F
(Energy Analytics Institute, 13.May.2022) — Energy briefs including Touchstone Exploration Inc's (AIM:TXP, TSX:TXP, OTC:PBEGF) President and CEO Paul Baay joining Katie Pilbeam to talk about one of the company’s strongest...
Venezuela’s Oil Exports Drop 8% in April amid Quality-linked Delays
(Reuters, 6.May.2022) — Venezuela's oil exports fell 8% in April from the previous month amid continued delays linked to poor-quality crude grades and insufficient oil upgrading capacity available, according to...
Inpex Starts Exploratory Ops Offshore Japan
(Inpex, 6.May.2022) — Inpex Corporation commenced exploratory drilling operations offshore Shimane and Yamaguchi prefectures in Japan on 5 May 2022 after carrying out preparation work through Inpex Sanin Offshore Development...
NRGBriefs: Exxon Exits Sakhalin-1; LyondellBasell On Seasonal Demand
(Energy Analytics Institute, 29.Apr.2022) — 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...
CNOOC Reveals 1Q:22 Results after A Share Listing, Declares Special Dividend
(CNOOC, 28.Apr.2022) — CNOOC Limited (SEHK: 00883, SSE: 600938) announced its results for the first quarter of 2022. For the first quarter of 2022, the company seized the opportunity of oil...
NRGBriefs: Chevron Dividend; Guyana Oil Demand; Argentina’s LNG Growth
(Energy Analytics Institute, 27.Apr.2022) — Energy briefs including Argentina’s Economic Minister Martín Guzmán saying that the country could generate around $15bn per year from exporting LNG starting in 2027; Sempra...
Aker and Statkraft to Explore Green Hydrogen and Ammonia in India and Brazil
(Aker Horizons, 26.Apr.2022) — Aker Horizons, through its portfolio company Aker Clean Hydrogen, and Statkraft have signed collaboration agreements to jointly explore opportunities for green hydrogen and ammonia production in India and Brazil,...
SBM Offshore Reveals Prosperity FPSO Module TS032 Lifting
(Energy Analytics Institute, 20.Apr.2022) — SBM Offshore revealed the first series of the topsides module lifting for the 220,000 barrel per day (b/d) capacity Prosperity floating production storage and offloading...
CNOOC Limited Successfully Listed on the A-Share Market
(CNOOC, 20.Apr.2022) — CNOOC Limited (SEHK: 00883, SSE: 600938) announced that the company was officially listed on the A-share market, which marked the company's success in building a platform for domestic...
INOXCVA Awarded Contract for MiniLNG Terminal for Caribbean LNG in Antigua
(INOXCVA, 19.Apr.2022) — Indian multinational and a manufacturer of cryogenic equipment and solutions provider, INOXCVA has been awarded a contract by Caribbean LNG Inc. for Design, Engineering & Supply on...
PetroChina Continues with Positive Momentum in 1Q:22
(PetroChina, 29.Apr.2022) — PetroChina Company Limited (HKSE: 00857; NYSE: PTR; SSE: 601857) announced that in the first quarter of 2022, the company placed stable development as top priority and achieved...
China’s Oil Champion Prepares Western Retreat Over Sanctions Fear
(Reuters, 13.Apr.2022) — China's top offshore oil and gas producer CNOOC Ltd. (0883.HK) is preparing to exit its operations in Britain, Canada and the United States, because of concerns in Beijing the...
CNOOC Commences Production at Weizhou 12-8E Oilfield Development Project
(CNOOC, 8.Apr.2022) — CNOOC Limited (SEHK: 00883) announced that Weizhou 12-8E oilfield development project has commenced production. The Weizhou 12-8E oilfield development project is located in Beibu Gulf in the South China...
About 650,000 B/D of Russian Oil to be ‘Swapped’
(WoodMac, 5.Apr.2022) — About 650,000 barrels per day (b/d) of Russian crude oil are to be relocated from advanced economies, and the solution could be ‘crude swapping’, says Wood Mackenzie,...
CNOOC Reports Record Net Profit from Growth of Reserves and Production
(CNOOC, 30.Mar.2022) — CNOOC Limited (SEHK: 00883) announced its 2021 annual results for the year ended 31 December 2021. In 2021, CNOOC Limited adhered to the business strategy of seeking...
![NRGBriefs: Chevron Corp.’s $2bn Debt in Venezuela [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2020/01/pdvsa-1-petropiar.jpg)
NRGBriefs: Chevron Corp.’s $2bn Debt in Venezuela [PDF Downloads]
(Energy Analytics Institute, 30.Mar.2022) — Energy briefs including ExxonMobil Angola celebrating an important milestone for the Kizomba A FPSO in its achieving its 1000th crude offload; Petrobras filing its Form...
JinkoSolar Reached Delivery Milestone of 100GW of Total Solar Panels
(JinkoSolar, 29.Mar.2022) — JinkoSolar Holding Co., Ltd. (NYSE: JKS) has delivered 100GW of solar modules globally. JinkoSolar is the first company in history to achieve this milestone. Approximately one out of...
World Must Double-Down on Plans to Achieve Net Zero by 2050
(WoodMac, 23.Mar.2022) — Wood Mackenzie, a Verisk business (Nasdaq:VRSK), reveals in its latest Accelerated Energy Transition (AET) 1.5-Degree scenario report, that the world needs to double-down on plans to achieve the...
SK E&S Buys EverCharge, a US EV Charging Solutions Provider
(SK E&S, 23.Mar.2022) — SK E&S is entering the US electric vehicle charging market. On 23 March 2022, SK E&S announced the acquisition of EverCharge, an EV charging solution provider in the...