(Fitch, 4.Sep.2024) â Fitch Ratings rates the $250mn add-on issue to Crescent Energy Finance LLCâs existing $750mn 7.375% 2033 notes, in line with Crescentâs existing […]
Category: USA
Permian Resources to Increase Base Dividend
(Permian Resources, 3.Sep.2024) â Permian Resources Corporation announced an update to its return of capital strategy, which increases its quarterly base dividend from $0.06 per […]
Chevron Boosts Recovery at Two Facilities in US GOM
(Chevron, 3.Sep.2024) â Chevron Corporation has started water injection operations at two projects to boost oil and natural gas recovery at the companyâs existing Jack/St. […]
Permian Resources Execs to Present at Barclays Conference
(Energy Analytics Institute, 3.Sep.2024) â Permian Resources Corporation Co-CEO Will Hickey and CFO Guy Oliphint are scheduled to present at the Barclays CEO Energy-Power Conference […]
Weatherford Acquires Datagration Solutions
(Weatherford, 3.Sep.2024) â Weatherford International plc announced the acquisition of Datagration Solutions Inc., an innovator in unified data integration, analytics, and machine learning. The acquisition establishes Weatherford as […]
Oxy, CrownRock and Ecopetrol BODs Resignations
(Ecopetrol, 3.Sep.2024) â Ecopetrol S.A. announces that the directors Juan JosĂ© EchavarrĂa and Luis Alberto Zuleta presented their resignations as independent members of the company’s […]
Fitch Sees Pickup in Permian Transactions
(Energy Analytics Institute, 30.Aug.2024) â âFitch believes Permian transactions could pick up again if large producers choose to shed non-core assets, following recent consolidation, to […]
Mexico Pacific inks LNG SPA with POSCO International
(Mexico Pacific, 28.Aug.2024) â Mexico Pacific, owner of the Saguaro EnergĂa LNG facility and associated Sierra Madre Pipeline, today announced that it has signed a […]
Major Integrated to Sell Unused Energy Assets on AllSurplus Marketplace
(Liquidity Services, 28.Aug.2024) â Liquidity Services, a global commerce company powering the circular economy, announced the sealed bid auction of energy surplus assets for a […]
A Month After Venezuelaâs Contested Election, the Opposition Fights On
(The Washington Post, 27.Aug.2024) â A month ago, Venezuelaâs opposition nurtured a cautious hope. A national election seemed to present a genuine chance to oust the […]
ExxonMobil Global Outlook: Our view to 2050
(ExxonMobil, 26.Aug.2024) â In 2050, the world will be differentâvastly different. To meet critical needs, the world will need to increase access to reliable, affordable […]
AMLO Says North American Economic Integration Important
(Energy Analytics Institute, 26.Aug.2024) â Mexico’s President AndrĂ©s Manuel LĂłpez Obrador said that the reality is that the economic integration between Mexico, U.S. and Canada […]
Exxon Sees 2050 Oil Use at Current Level, Despite Net Zero Goal
(Bloomberg, 26.Aug.2024) â Exxon Mobil Corp. forecasts global oil demand in 2050 will be the same â or even slightly higher â than current levels, […]
EVLO Puts into Operation a First Battery Energy Project in the US
(EVLO, 20.Aug.2024) â EVLO Energy Storage Inc., a fully integrated battery energy storage system (BESS) provider and wholly owned subsidiary of Hydro-QuĂ©bec, today announced that […]
Petronet LNG Selects Lummus’ Novolen Technology for New, Large-Scale Plant in India
(Lummus Technology, 20.Aug.2024) â Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced an award from Petronet LNG Ltd. Petronet will license […]
Fortera Secures $85mn for Deployment of Low-Carbon Cement
(Fortera, 20.Aug.2024) â To meet the growing demand to lower the cement industryâs carbon emissions, advanced materials manufacturer Fortera secured $85mn in Series C funding to scale […]
TGS Secures Extension to Ocean Bottom Node Program in GOM
(TGS, 20.Aug.2024) â TGS announced the award of an Ocean Bottom Node (OBN) data acquisition contract in North America. This four-month extension to an existing […]
FMC Submits Applications in Eight Countries for Dodhylexâą Active
(FMC, 20.Aug.2024) â FMC Corporation, an agricultural sciences company, recently submitted regulatory applications for Dodhylexâą active herbicide in eight rice-growing countries. Registration dossiers were submitted in India, Brazil, the […]
Fast LNG Asset Resumes Production After Scheduled Maintenance Outage
(New Fortress Energy, 19.Aug.2024) â New Fortress Energy Inc. announced that the scheduled maintenance outage of our 1.4 mtpa Fast LNG 1 asset located offshore […]
Oxy on Continued Progress on Debt Reduction, Divestiture Initiatives
(Oxy, 19.Aug.2024) â Occidental announced it has achieved $3bn in principal debt reduction in the third quarter of 2024, utilizing robust organic cash flow from […]
SLB and Palo Alto Networks to Strengthen Cybersecurity
(SLB, 19.Aug.2024) â Global energy technology company SLB and global cybersecurity company Palo Alto Networks announced they are expanding their collaboration to strengthen cybersecurity for […]
Fallen Angels Remain Costly Despite Tightening Spreads
(S&P Global Ratings, 19.Aug.2024) â The absolute cost of falling to speculative-grade (to ‘BB+’ from ‘BBB-‘) for U.S. corporates has shrunk considerably to 24 basis […]
US LNG Industry Under Pressure as Challenges and Uncertainty Mount
(FT.com, 17.Aug.2024) â The US liquefied natural gas industry faces mounting challenges as legal clashes with activists and contractors combine with a federal permitting freeze […]
Mexicoâs First LNG Cargo Sails, Launching New Business for Pipes
(East Daley, 16.Aug.2024) â New Fortress Energy (NFE) has loaded the first cargo from its floating LNG platform offshore Altamira, Mexico. The start-up of Mexicoâs […]
NASA Funds Research Projects Advancing STEM Career Development
(NASA, 14.Aug.2024) â NASA has awarded $6mn to 20 teams from emerging research institutions across the United States supporting projects that offer career development opportunities for science, technology, engineering, […]
Equinor Gets Offshore Wind Lease in US Central Atlantic Auction
(Equinor, 14.Aug.2024) â Equinor has been announced as a provisional winner in the Bureau of Ocean Energy Managementâs (BOEM) offshore wind energy lease auction in the […]
Shell Invests in Water Injection at US GOM Field
(Shell, 14.Aug.2024) â Shell Offshore Inc., a subsidiary of Shell plc, has taken a Final Investment Decision (FID) on a âwaterfloodâ project at its Vito asset […]
Ecopetrol Reveals 2Q:24 Results
(Ecopetrol, 12.Aug.2024) â During the Second Quarter of 2024 (2Q24), Ecopetrol Group confronted a challenging environment, which continues to be impacted by several external variables, including the […]
Fitch Downgrades NFE’s IDR to ‘B+’
(Fitch, 12.Aug.2024) â Fitch Ratings has downgraded New Fortress Energy Inc.’s (NFE) Long-Term Issuer Default Rating (IDR) to ‘B+’ from ‘BB-‘ and has placed it […]
Chevron Starts Production at Anchor in US GOM
(Chevron, 12.Aug.2024) â Chevron Corporation started oil and natural gas production from the Anchor project in the deepwater U.S. Gulf of Mexico. Anchor production marks […]
First Oil from the Anchor field in Gulf of Mexico
(TotalEnergies, 12.Aug.2024) â TotalEnergies announces the start of production from the Anchor field, located in the US Gulf of Mexico, in which the company has […]
New Fortress Reports on 2Q:24 Results, Fast LNG
(New Fortress, 9.Aug.2024) â New Fortress Energy Inc. reported its financial results for the second quarter of 2024. Summary Highlights — Adjusted EBITDA(1) of $120mn in the second […]
Riceâs Baker Institute unveils Argentina Energy Sector Initiative
(Baker Institute, 8.Aug.2024) â Rice Universityâs Baker Institute for Public Policy announces a new initiative focused on the Argentine energy sector that will result in […]
Rockefeller Foundation Green Power Gap
(Rockefeller, 7.Aug.2024) â The Rockefeller Foundation released a new report that calculates an 8,700 terawatt-hour (TWh) “Green Power Gap” across 72 countries in Africa, Asia, Latin America and the Caribbean, and the Middle […]
Sempra Reports 2Q:24 Earnings
(Sempra, 6.Aug.2024) â Sempra today reported second-quarter 2024 earnings, prepared in accordance with generally accepted accounting principles (GAAP), of $713mn, or $1.12 per diluted share, compared to second-quarter 2023 […]
Bristow Reports 2Q:24 Results, Raises Outlook
(Bristow, 6.Aug.2024) â Bristow Group Inc. reported net income attributable to the company of $28.2mn, or $0.96 per diluted share, for its quarter ended 30 June 2024 (the “Current […]
Diamond Offshore Reports 2Q:24 Results
(Diamond Offshore, 6.Aug.2024) â Diamond Offshore Drilling, Inc. reported the following results for the second quarter of 2024: Bernie Wolford, Jr., President and Chief Executive […]
Kosmosâ 2Q:24 Update on Projects from Mauritania to Senegal
(Kosmos, 5.Aug.2024) â Kosmos Energy Ltd. announced its financial and operating results for the second quarter of 2024. For the quarter, the company generated a […]
Cheniere and Galp Ink Long-Term LNG SPA
(Cheniere, 5.Aug.2024) â Cheniere Energy, Inc. announced that its subsidiary Cheniere Marketing, LLC, entered into a long-term liquefied natural gas (LNG) sale and purchase agreement […]
Allison Forms Strategic Partnership to Expand Global Mining Presence
(Allison, 18.Jul.2024) â Allison Transmission has formed a new strategic partnership with Lingong Heavy Machinery Co. Ltd. (LGMG), a prominent Chinese mining equipment manufacturer, to provide […]
Ryerson Acquires Production Metals
(Ryerson, 2.Aug.2024) â Ryerson Holding Corporation announced its acquisition of Production Metals, LLC. Based in Monroe, Connecticut, Production Metals serves New England and the surrounding area with […]
Exxon Reports 2Q:24 Results
(Exxon, 2.Aug.2024) â Exxon Mobil Corporation announced second-quarter 2024 earnings of $9.2bn, or $2.14 per share assuming dilution. Cash flow from operating activities was $10.6bn and […]
Universal Logistics Holdings Unveils EVsÂ
(Universal Logistics, 2.Aug.2024) â Universal Logistics Holdings, Inc. announces the integration of the 2025 Peterbilt 579EV into its fleet as a part of our ongoing sustainability […]
Chevron Reports 2Q:24 Earnings, to Move HQ to Houston
(Chevron, 2.Aug.2024) â Chevron Corporation reported earnings of $4.4bn ($2.43 per share – diluted) for second quarter 2024, compared with $6bn ($3.20 per share – diluted) […]
Sunbelt to Acquire Maxima Power Group
(Sunbelt Solomon, 1.Aug.2024) â Sunbelt Solomon Services, a provider of customized electrical power solutions and services, announced the acquisition of Maxima Power Group. Comprised of Magna […]
APA Corp. Updates on Permian Drilling, Suriname
(APA Corp., 31.Jul.2024) â APA Corporation announced its financial and operational results for the second quarter of 2024.APA reported net income attributable to common stock of […]
BYD Explores Canadian Auto Market Entry -Regulatory Filing
(Reuters, 30.Jul.2024) â Chinese EV maker BYD is looking to enter the Canadian automotive market, according to a regulatory document filed earlier this month, even as […]
bp Gives Go-ahead for 6th Operated Hub, Kaskida, in the US GOM
(bp, 30.Jul.2024) â bp has taken a final investment decision on the Kaskida project in the US Gulf of Mexico. This demonstrates bpâs long-term commitment to […]
bp’s 2Q:24 Results, Kaskida FID
(bp, 30.Jul.2024) â âOur businesses continue to operate safely and efficiently. We are driving focus across the business and reducing costs, all while building momentum in […]
TotalEnergies Reports 2Q:24 Results, Eyes Suriname Block 58 FID
(TotalEnergies, 25.Jul.2024) âThe Board of Directors of TotalEnergies SE, chaired by CEO Patrick PouyannĂ©, met on 24 July 2024, to approve the second quarter 2024 […]