(Energy Analytics Institute, 1.Nov.2024) — MDU Resources Group, Inc. successfully completed the spinoff of its construction services subsidiary, Everus Construction Group. As a result of [more…]
Category: North America
North America energy
MDU Resources Completes Spinoff of Everus
(Energy Analytics Institute, 1.Nov.2024) — MDU Resources Group, Inc. successfully completed the spinoff of its construction services subsidiary, Everus Construction Group. As a result of [more…]
LatAm NRG Matters: Highlights, Heard
(Energy Analytics Institute, 1.Nov.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 1 Nov. 2024. —Argentina: Citigroup downgraded Pampa [more…]
Vizsla Silver to Move to TSX from TXXV
(Vizsla Silver, 1.Nov.2024) — Vizsla Silver Corp. received conditional approval to graduate from the TSX Venture Exchange (TSXV) and list its common shares on the [more…]
Exxon Eyes First Golden Pass LNG Cargo in Late-2025, Woods Says
(Energy Analytics Institute, 1.Nov.2024) — ExxonMobil Corporation, which is partnered with QatarEnergy in the three-train 18 million tonnes per annum (mtpa) Golden Pass LNG project, [more…]
Chevron Eyes More Non-core Asset Divestments, Wirth Says
(Energy Analytics Institute, 1.Nov.2024) — California-based Chevron Corporation plans to continue to divest non-core assets as part of its ongoing portfolio optimization efforts. This, as [more…]
ExxonMobil Reports 3Q:24 Earnings of $8.6bn (PDF Downloads)
(ExxonMobil, 1.Nov.2024) — Exxon Mobil Corporation announced third-quarter 2024 earnings of $8.6bn, or $1.92 per share assuming dilution. Cash flow from operating activities was $17.6bn [more…]
Chevron Reports 3Q:24 Details, Updates on Hess Merger (PDF Downloads)
(Chevron, 1.Nov.2024) — Chevron Corporation reported earnings of $4.5bn ($2.48 per share – diluted) for third quarter 2024, compared with $6.5bn ($3.48 per share – [more…]
Enbridge Eyes Final Phase of Squirrel Solar Project
(Energy Analytics Institute, 1.Nov.2024) — Enbridge Inc. will fund US$168mn towards the third and final phase of the Fox Squirrel Solar project in Ohio, which [more…]
Tailwater E&P BuysNon-Operated AssetsPermian Basin
(Energy Analytics Institute, 1.Nov.2024) — Tailwater Capital LLC acquired a significant, off-market non-operated working interest asset package in the Permian Basin from Accelerate Resources Operating [more…]
Enbridge Reports 3Q:24 Results, Updates on Kaskida (PDF Downloads)
(Enbridge, 1.Nov.2024) — Enbridge Inc. reported third quarter 2024 (3Q:24) financial results, provided a quarterly business update, and reaffirmed its 2024 financial guidance and outlook. [more…]
Commonwealth LNG and Kimmeridge Commit to Natural Gas Certification
(Kimmeridge, 1.Nov.2024) — Kimmeridge-backed Commonwealth LNG and Kimmeridge Texas Gas (KTG) announced a commitment to obtain independent certification of their natural gas operations under the [more…]
PRM Acquires LMS Manufacturing, LLC
(Energy Analytics Institute, 1.Nov.2024) — Product Recovery Management, Inc. (PRM)—a manufacturer of environmental treatment equipment, focusing on the environmental remediation and landfill gas markets—acquired Marianna, Florida-based [more…]
Commonwealth LNG Launches Initiatives in SW Louisiana
(Commonwealth, 1.Nov.2024) — Commonwealth LNG, a Kimmeridge portfolio company, announced a comprehensive package of community support initiatives for Cameron Parish, Louisiana, the future site of [more…]
C3E Recognizes Nine Leaders for Outstanding Achievements
(C3E Initiative, 1.Nov.2024) — The Clean Energy Education & Empowerment (C3E) Initiative has announced the winners of the 2024 C3E Awards, honoring nine women for outstanding leadership [more…]
Enbridge Notifies of Series 9 Preferred Shares Conversion Right
(Enbridge, 1.Nov.2024) — Enbridge Inc. does not intend to exercise its right to redeem its currently outstanding Cumulative Redeemable Preference Shares, Series 9 on 1 [more…]
Coterra Reports 3Q:24 Results, Declares Dividend (PDF Download)
(Coterra, 31.Oct.2024) — Coterra Energy Inc. reported third-quarter 2024 financial and operating results and declared a quarterly dividend of $0.21 per share. “Coterra continues to [more…]
Baker Hughes Launches Advanced Oxygen Analyzer
(Baker Hughes, 31.Oct.2024) — Baker Hughes launched the XMO2pro, a new and advanced oxygen analyzer designed to ensure greater levels of stability, accuracy and reliability. [more…]
COP Reports 3Q:24 Results, Boosts Quarterly Dividend (PDF Downloads)
(ConocoPhillips, 31.Oct.2024) — ConocoPhillips reported third-quarter 2024 earnings of $2.1bn, or $1.76 per share, compared with third-quarter 2023 earnings of $2.8bn, or $2.32 per share. [more…]
AES Reports 3Q:24 Results; Boasts 1.2 GW of Construction (PDF Download)
(AES, 31.Oct.2024) — The AES Corporation reported financial results for the quarter ended 30 Sep. 2024. “Our third quarter financial results and strategic accomplishments were [more…]
Woodside and Tokyo Gas in Discussions Over Stake in US LNG Project
(Reuters, 31.Oct.2024) — Tokyo Gas is in talks with Woodside Energy over taking a stake in a multi-billion-dollar Louisiana liquefied natural gas (LNG) export project, [more…]
TotalEnergies Reports 3Q:24 Results, Output of 2.41 MMboe/d (PDF Downloads)
(TotalEnergies, 31.Oct.2024) — TotalEnergies SE reported its third quarter 2024 (3Q:24) results, including upstream production of 2.41 MMboe/d. Production benefited from the ramp up of [more…]
EAI’s NRGBriefs: Oct. 2024
(Energy Analytics Institute, 31.Oct.2024) — Energy briefs as well as others related to finance and projects during Oct. 2024 including TotalEnergies and APA Corp. announcing [more…]
Marathon Oil Cuts 500 Houston Jobs Ahead of ConocoPhillips Takeover
(Bloomberg, 30.Oct.2024) — Marathon Oil Corp. warned of a “mass layoff” involving more than 500 employees at its Houston headquarters as part of the $17 [more…]
Cheniere Reports 3Q:24 Results, Updates on Dividend (PDF Downloads)
(Cheniere, 30.Oct.2024) — Cheniere Energy, Inc. announced its financial results for the third quarter 2024 as well as details around producing and loading its 1,000th LNG [more…]
Cheniere Sets Methane Emissions Intensity Target for its Liquefaction Assets
(Cheniere, 30.Oct.2024) — Cheniere Energy, Inc. has set a voluntary, measurement-informed Scope 1 annual methane intensity target for its liquefaction facilities. The Scope 1 methane [more…]
Hess Reports Higher 3Q:24 Adj. Net Income, Higher Bakken Output (PDF Download)
(Hess, 30.Oct.2024) — Hess Corporation reported net income of $498mn, or $1.62 per share, in the third quarter of 2024, compared with net income of [more…]
Canada’s Renewable Diesel Projects hit by US Import Surge
(Reuters, 29.Oct.2024) — Canadian renewable fuel producers are facing lower returns on new facilities due to a slump in British Columbia’s low carbon fuel standard [more…]
EQT Divests Remaining Non-Operated Assets to Equinor
(Energy Analytics Institute, 29.Oct.2024) — EQT Corporation has entered into an agreement with Equinor USA Onshore Properties Inc. and Equinor Natural Gas LLC to sell [more…]
Chevron CEO Mike Wirth Visits Anchor Platform (Video)
(Chevron, 29.Oct.2024) — Chevron Corporation Chairman and CEO, together with CNBC, flew out to the U.S. Gulf of Mexico to visit the Anchor Platform to [more…]
FACTSHEET: Chevron’s Anchor Platform
(Energy Analytics Institute, 29.Oct.2024) — Chevron Corporation revealed some key takeaways about its Anchor platform in the US Gulf of Mexico. Those takeaways include the [more…]
Equinor to Pay $1.25bn for EQT Interest in Northern Marcellus
(Energy Analytics Institute, 29.Oct.2024) — Equinor inked an agreement with EQT Corporation to acquire additional non-operated interest in the Northern Marcellus formation in the US. [more…]
New Gold Announces Commercial Production at New Afton
(New Gold., 29.Oct.2024) — New Gold Inc. announced the completion of significant production milestones at the New Afton copper-gold mine in British Columbia and the [more…]
Expand to Running 12 Rigs, to Drop 2 in 1Q:25 (PDF Downloads)
(Energy Analytics Institute, 29.Oct.2024) — Expand Energy Corporation is currently running 12 rigs (8 in Haynesville, 2 in Northeast Appalachia, and 2 in Southwest Appalachia) [more…]
Pemex’ 3Q:24 Production Averaged 1.76 MMb/d, Debt Falls to $97.3bn
(Energy Analytics Institute, 29.Oct.2024) — Mexico’s state-owned Pemex reported average liquids and condensate production of 1,764 Mb/d in the third-quarter 2024, of which 549 Mb/d [more…]
EPA Selects PCCA as Clean Ports Program Grant Recipient
(PCCA, 29.Oct.2024) — The Port of Corpus Christi Authority (PCCA) has been selected to receive $105mn through the United States Environmental Protection Agency’s (EPA) Clean [more…]
Guy Mannino’s Leadership Puts Verdek at the Forefront of the EV Transition
(Verdek, 29.Oct.2024) — Our team had the opportunity to hear from one of the forerunners of EV infrastructure in the US, Guy Mannino. Considered a [more…]
Electrification is the Accelerated Route to Energy Efficiency, Peak Emissions
(Wood Mackenzie, 29.Oct.2024) — The electrification of the energy system is the central plank of the energy transition. In Wood Mackenzie’s base case, displacing fossil [more…]
Lower 48 LNG Exports to Reach 25.7 Bcf/d by Jan. 2030
(Energy Analytics Institute, 28.Oct.2024) — Assuming all the LNG export projects located in the Lower 48 that have taken a final investment decision (FID) and [more…]
Power Nickel CEO Lynch Comments on Lion Zone Drilling Campaign
(Energy Analytics Institute, 28.Oct.2024) — Power Nickel Inc. announced the third set of assay results obtained for two more holes of the summer 2024 drilling campaign [more…]
ONEOK Awaiting Saguaro LNG 1 FID to Proceed with Pipeline
(Energy Analytics Institute, 25.Oct.2024) — ONEOK Inc., which is looking to construct the Saguaro Connector Pipeline in Texas, said a final investment decision (FDI) is [more…]
enCore Energy Expanding Uranium Production at Alta Mesa Plant
(enCore Energy, 25.Oct.2024) — enCore Energy Corp., a uranium producer and America’s Clean Energy Company™, provided an update on the production ramp up at its [more…]
Exxon Mobil, Qatar Get 3-year Extension to Build their LNG Plant in Texas
(Reuters, 25.Oct.2024) — Federal regulators on Thursday gave an Exxon Mobil and Qatar Energy LNG joint venture a 3-year extension to finish building their Golden [more…]
KMI Signs Golden Pass to New Texas Pipeline
(East Daley Analytics, 25.Oct.2024) — Kinder Morgan (KMI) has launched a binding open season for Trident Intrastate Pipeline, a new project designed to deliver up [more…]
Agnico Eagles Reveals Investment in Apex Resources
(Energy Analytics Institute, 24.Oct.2024) — Agnico Eagle Mines Limited agreed to subscribe for 33,869,939 units of ATEX Resources Inc. in a non-brokered private placement at [more…]
TechnipFMC Announces 3Q:24 Results (PDF Download)
(Energy Analytics Institute, 24.Oct.2024) — TechnipFMC plc announced its third-quarter 2024 results and provided updates from Brazil on the Petrobras flexible pipe and subsea production [more…]
Clariant Recognized by Petrobras with Suppliers Award for Health and Wellness
(Clariant, 24.Oct.2024) — Clariant Oil Services, a producer and supplier of specialty oilfield production chemicals and services to the oil and gas industry, was honored [more…]
Mexico Pacific Working with Financial Advisors, Executive Says
(Energy Analytics Institute, 24.Oct.2024) — Mexico Pacific, which is developing the 30 million tonnes per annum (mtpa) Saguaro Energía LNG Facility on Mexico’s Pacific Coast [more…]
US Treasury Releases Final Rules to Onshore Clean Energy Technologies
(U.S. Department of the Treasury, 24.Oct.2024) — Today, the U.S. Department of the Treasury and the IRS released final rules for the Advanced Manufacturing Production [more…]
EQT Hits Net Zero Scope 1 and Scope 2 GHG Emissions Target Ahead of 2025
(EQT, 23.Oct.2024) — EQT Corporation has achieved its commitment to reach net zero Scope 1 and Scope 2 greenhouse gas (“GHG”) emissions1 across the company’s [more…]
Core Laboratories Reports 3Q:24 Results (PDF Download)
(Core Lab, 23.Oct.2024) — Core Laboratories Inc. reported third quarter 2024 revenue of $134,400,000. Core’s operating income was $19,800,000, with diluted earnings per share (“EPS”) [more…]
Dover Fueling Solutions Launches New EV Charger
(Dover, 23.Oct.2024) — Dover Fueling Solutions (“DFS”), a part of Dover and a global provider of advanced customer-focused technologies, services and solutions in the fuel and [more…]
Nabors Reports 3Q:24 Results, Updates on Saudi Arabia (PDF Downloads)
(Nabors, 22.Oct.2024) — Nabors Industries Ltd. reported third quarter 2024 operating revenues of $732mn, compared to operating revenues of $735mn in the second quarter. The [more…]
Brooklyn to Receive a Charge From Electric School Bus Batteries
(First Student, 22.Oct.2024) — The Brooklyn community is on the brink of a transformative change, as the electrification of school buses promises to drastically reduce [more…]
Tourmaline and Clean Energy Open CNG Stations in Western Canada
(Tourmaline, 22.Oct.2024) — Tourmaline Oil Corp. and Clean Energy Fuels Corp. announced the opening of two new compressed natural gas (CNG) fueling stations in Alberta, [more…]
FACT SHEET: Citgo’s US Refineries, Terminals, Pipelines
(Energy Analytics Institute, 18.Oct.2024) — Citgo Petroleum Corp. has 3 strategically located, deep conversion refineries in Texas, Louisiana and Illinois. Combined, these 3 refineries have [more…]
LatAm NRG Matters: Highlights, Heard
(Energy Analytics Institute, 18.Oct.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 18 Oct. 2024. —Brazil: TotalEnergies will divest [more…]
Amber Energy CEO Resigns from Exxon’s BODs
(Energy Analytics Institute, 17.Oct.2024) — Amber Energy CEO Gregory J. Goff resigned as a member of the board of directors of Exxon Mobil Corporation to [more…]
Greening to Build 60 MWac Solar Plant in Indiana
(Greening Group, 17.Oct.2024) — Greening, a diversified company focused on the generation, construction of projects, and commercialization of renewable energy, has been awarded the construction [more…]
SLB Reveals Definitive Deal to Divest Its Interests in Palliser Block
(Energy Analytics Institute, 17.Oct.2024) — SLB has entered into a definitive agreement to divest its interests in the Palliser Block located in Alberta, Canada. The [more…]
Phillips 66 to Shut Refinery, End Gasoline Output in Los Angeles
(Reuters, 16.Oct.2024) — Phillips 66 said it will shut its large Los Angeles-area oil refinery late next year, delivering a blow to California’s fuel supply amid complaints about the state’s [more…]
Overview: Shell Deer Park
(Shell, 16.Oct.2024) — Just before the Great Depression, Shell became the first manufacturer to call Deer Park home in 1929. At that time, Deer Park [more…]
Phillips 66 to Cease Operating LA Refinery in 4Q:25
(Energy Analytics Institute, 16.Oct.2024) — Phillips 66 will cease operations at its Los Angeles-area refinery in the fourth quarter of 2025. Phillips plans to work [more…]
Woodside’s Record 3Q:24 Production Driven by Sangomar [PDF Download]
(Woodside, 16.Oct.2024) — Woodside Energy reported record third-quarter 2024 production of 53.1 MMboe (577 Mboe/d), up 20% sequentially from the second-quarter 2024 due to ramp-up [more…]
Port of Corpus Christi Announces Record 3Q:24 Volumes
(Port of Corpus Christi, 15.Oct.2024) — The Port of Corpus Christi and its customers moved 53 million tons through the Corpus Christi Ship Channel in [more…]
ONEOK Closes Enlink Deal with GIP
(ONEOK, 15.Oct.2024) — ONEOK, Inc. announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) and the [more…]
Arizona Sonoran Initiates Pre-Feasibility Study
(Arizona Sonoran, 15.Oct.2024) — Arizona Sonoran Copper Company Inc. announces that following a request for proposal, ASCU has appointed M3 Engineering, Tucson, to lead the [more…]
Consumer Energy to Expand EV Charging at Michigan Workplaces
(Consumer Energy, 14.Oct.2024) — Consumers Energy is taking another new step to power Michigan’s electric vehicle transformation by announcing an effort to install EV chargers at [more…]
Southline Project Selected for Transmission Facilitation
(Southline Transmission Project, 3.Oct.2024) — The U.S. Department of Energy (DOE) reaffirmed its confidence in the Southline Transmission Project by selecting Phase 2 of the [more…]
Deadly Houston Fire Highlights Pemex’s Grim Safety Record
(Bloomberg, 14.Oct.2024) — A fatal accident last week at a Houston-area refinery was another reminder of the risks posed by the oil industry that dominates [more…]
U.S. Firms Embrace AI, Cloud for Application Development
(ISG, 14.Oct.2024) — Growing AI and cloud adoption have shaped U.S. enterprises’ application development and management (ADM) strategies over the past year, according to a [more…]
Kinder Morgan on Trident Open Season
(Energy Analytics Institute, 14.Oct.2024) — Trident Intrastate Pipeline LLC is launching a binding open season to solicit commitments for the construction of its 216 miles [more…]
Pemex Deer Park Scales Back Operations after Accident
(Reuters, 12.Oct.2024) — Mexican national oil company Pemex‘s Deer Park oil refinery near Houston will operate this weekend at a low level following a deadly chemical leak a [more…]
Pemex’ Padilla Provides Deer Park Accident Update
(Energy Analytics Institute, 11.Oct.2024) — Pemex general director Víctor Rodriguez Padilla provided an immediate briefing related to the 10 Oct. 2024 accident at the state company’s [more…]
Excelerate Energy Announces Changes to Board of Directors
(Energy Analytics Institute, 11.Oct.2024) — Excelerate Energy, Inc. announced that Henry G. Kleemeier retired from the Board effective 9 Oct. 2024, and that Tyler D. [more…]
Atlas Energy Commissions Dune Express
(Atlas, 10.Oct.2024) — Atlas Energy Solutions Inc. announced that the commissioning of the Dune Express, a 42-mile long, fully electric conveyor system that is expected [more…]