(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 legacy operations ahead of its 2025 goal. This milestone covers the entirety of EQT’s upstream operations, inclusive of the recently acquired Tug Hill/XcL Midstream and Alta […]
Category: North America
North America energy
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”) of $0.25, all in accordance with U.S. generally accepted accounting principles (“GAAP”). Operating income, ex-items, a non-GAAP financial measure, was $18,200,000, yielding operating margins of […]
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 convenience retail industries, today announced the launch of the Wayne PWR™ DC fast charger. This new electric vehicle charger (EVC) addresses critical market gaps in […]
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 net loss attributable to Nabors shareholders for the quarter was $56mn, compared to a net loss of $32mn in the second quarter. This equates to […]
Brooklyn to Receive a Charge From Electric School Bus BatteriesÂ
(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 emissions, eliminate noise pollution, and lead the charge against climate change. Student transportation and electrification leader, First Student, along with Con Edison, one of the […]
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, marking a key milestone in their continuing efforts to build Western Canada’s first commercial-grade public CNG fueling network. The new locations in Calgary and Grande […]
Fact sheet: Citgo Petroleum’s US refineries, terminals, and pipelines
HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 18.Oct.2024, Words: 185) — Citgo Petroleum Corp. has 3 strategically located, deep conversion refineries in Texas, Louisiana and Illinois. Combined, these 3 refineries have a combined total refining capacity of approximately 807,000 b/d. Each refinery has the capability to process large volumes […]
LatAm NRG matters: highlights, heard from Brazil and Cuba to Mexico and Venezuela
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 18.Oct.2024, Words: 494) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 18 Oct. 2024. —Brazil: TotalEnergies will divest its fuel distribution activities in Brazil to the Brazilian co. SIM Distribuidora, the French co. said.
EAI brief: Amber Energy CEO resigns from Exxon’s BODs
HOUSTON, TEXAS (By editors with Energy Analytics Institute, 17.Oct.2024, Words: 65) — Amber Energy CEO Gregory J. Goff resigned as a member of the board of directors of Exxon Mobil Corporation to pursue other business opportunities. Exxon revealed the details in an 17 Oct. 2024 Form 8-K filing with the […]
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 of a 60 MWac photovoltaic power generation plant that will supply renewable energy to a major technology company at one of its facilities in the […]
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 Palliser Block consists of oil and gas wells, surface facilities, a pipeline network and certain oil and gas development rights, SLB said 17 Oct. 2024 […]
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 high prices. Phillips 66 CEO Mark Lashier cited “market dynamics” for the decision. The Los Angeles facility provides lower profits than other company oil processing plants, a […]
Overview: Shell Deer Park
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 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 had no other businesses or buildings in what is now a bustling community about 20 miles east of downtown […]
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 with authorities from the state of California to supply fuel markets and meet ongoing consumer demand. Approximately 600 employees and 300 contractors currently operate the […]
![Woodside’s Record 3Q:24 Production Driven by Sangomar [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2024/03/IMG_2590-sangomar-source-modec-scaled.jpg)
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 of Sangomar offshore Senegal, increased uptime across operated assets including 99.9% LNG reliability at Pluto and increased seasonal domestic gas demand. Woodside narrowed its full- […]
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 the third quarter of 2024, a new quarterly high mark driven by increases in crude oil and dry bulk movements. The 53 million tons moved […]
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 successful completion of its acquisition of Global Infrastructure Partners‘ (GIP) entire interest in EnLink Midstream, LLC, for a total cash consideration of approximately $3.3bn. The acquisition […]
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 Cactus Project Pre-Feasibility Study (the “PFS”) and to act as metallurgical program lead. The consultants will include AGP (mining), Clear Creek (hydrology), ALS Geotechnical (geology), […]
Consumer Energy to Expand EV Charging at Michigan WorkplacesÂ
(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 workplaces across the state. Consumers Energy expects over 500 workplaces will install charging by 2030. “Consumers Energy is offering new approaches that will drive the […]
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 project as a capacity contract recipient through the second round of the Transmission Facilitation Program. Co-developed by Black Forest Partners and Grid United, Southline is […]
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 much of the city. The vast Deer Park facility, owned by Mexico’s state-owned oil company Petroleos Mexicanos, halted some of its operations after a hydrogen […]
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 new research report published today by Information Services Group (ISG), a global technology research and advisory firm. The 2024 ISG Provider Lens™ Next-Gen ADM Services […]
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 of 48- and 42-inch mainline. The open season will begin 14 Oct. 2024, and conclude at 5 p.m. CT on 12 Nov. 2024, Kinder Morgan […]
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 couple days ago, the company said in a statement late on Friday. The state-owned oil company added that it continues to investigate the cause of […]
Pemex’ general director Padilla provides Deer Park accident update
MEXICO CITY, MEXICO (Energy Analytics Institute, 11.Oct.2024) — PetrĂłleos Mexicanos (Pemex) general director VĂctor Rodriguez Padilla provided an immediate briefing related to the 10 Oct. 2024 accident at the state company’s Deer Park refinery in Houston, Texas. Padilla said a sulfur gas leak at the refinery in Houston impacted 35 workers of […]
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. Todd has been elected to the company’s Board of Directors, effective 10 Oct. 2024. Todd will serve on the Compensation and Nominating and Corporate Governance […]
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 to transform proppant logistics in the Permian Basin, began early this week. The system remains on-time and on-budget with the commercial transportation of proppant into […]
CCUS Growth Challenged by Current Economics
(WoodMac, 10.Oct.2024) — Speaking at Wood Mackenzie’s Carbon Capture, Utilization and Storage Conference in Houston, Peter Findlay, research director and head of CCUS economics for Wood Mackenzie, said that despite a growing market for carbon capture, utilization and storage (CCUS), economics remain challenging, and many potential projects are at risk. […]
Saguaro LNG Endangers California Marine Life, Activists Warn
(Mexico News Daily, 10.Oct.2024) — Citing concerns over its impact on the Gulf of California, environmental groups are urging the Mexican government to cancel Mexico Pacific’s LNG megaproject in Sonora, a planned liquefied natural gas (LNG) plant and export terminal. The US $14 billion project led by the Houston-based company […]
Saudi Arabia Eyes Boosting Production by 1 MMb/dÂ
(Energy Analytics Institute, 4.Oct.2024) — Saudi Arabia looks to add around 1 MMb/d of production over the next 12-15 months to reach close to 10 MMb/d by the end of 2025, according to a recent Opec report. The production increase is part of a plan by the Kingdom to stop ceding […]
Citgo Auction in Jeopardy as Bondholders Pursue Claims
(Reuters, 9.Oct.2024) — Holders of billions of dollars in Venezuelan bonds and notes have emerged as last-minute protagonists in a U.S. court case set to decide the ownership of oil refiner Citgo Petroleum, threatening to derail an auction to compensate more than a dozen companies for unpaid debts and expropriations […]
APA Corp. Provides 3Q:24 Supplemental Info.
(APA Corp., 9.Oct.2024) — APA Corporation provided supplemental information regarding certain third-quarter 2024 (3Q:24) financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the 3Q:24. It is provided to assist investors, analysts and others in formulating their […]
Woodside Completes Tellurian Acquisition
(Woodside, 9.Oct.2024) — Woodside has completed the acquisition of Tellurian Inc. and its US Gulf Coast Driftwood LNG development opportunity. Woodside has acquired all issued and outstanding Tellurian common stock for approximately $900mn cash, or $1.00 per share. The implied enterprise value is approximately $1,200mn. (1) Woodside also announced it […]
Morningstar DBRS Places CNRL’s Credit Ratings Under ReviewÂ
(Morningstar DBPS, 8.Oct.2024) — DBRS, Inc. (Morningstar DBRS) placed all credit ratings of Canadian Natural Resources Limited (CNRL or the Company) Under Review with Negative Implications. On 7 Oct. 2024, CNRL announced that it had entered into an agreement with Chevron Canada Limited (Chevron), an indirect subsidiary of Chevron Corporation […]
Tellurian Executives Enter in Separation Agreement
(Energy Analytics Institute, 8.Oct.2024) — On 8 Oct. 2024, Tellurian Inc. completed its previously announced merger with Woodside Energy. On said date, Woodside and Tellurian entered into a separation agreement and general release with: Daniel A. Belhumeur, President, Tellurian, Samik Mukherjee, President, Tellurian Investments, and Simon G. Oxley, Executive Vice […]
Honeywell to Spin Off Advanced Materials Business
(Honeywell, 8.Oct.2024) — Honeywell announced a plan to spin off its Advanced Materials business into an independent, U.S. publicly traded company, which is targeted to be completed by the end of 2025 or early 2026. Honeywell expects to execute the planned spin in a tax-free manner to its shareowners. As […]
Certification of Grain LNG Terminal Provides Additional Transparency
(MiQ, 8.Oct.2024) — MiQ, a company dedicated to emissions certification, announced certification of the Grain LNG terminal in the United Kingdom, which is Europe’s largest LNG terminal. “The certification of Grain LNG provides UK and European natural gas buyers with additional transparency about the level of emissions from imported LNG. US […]
Noble Announces Major Shareholder Notice from BlackRock
(Noble, 8.Oct.2024) — Pursuant to Section 30 of the Danish Capital Markets Act, Noble Corporation plc hereby announces the receipt of a major shareholder notification from BlackRock, Inc. BlackRock has notified Noble on 7 Oct. 2024 that, as of 1 Oct. 2024, BlackRock’s holdings of indirect shares and voting rights […]
Chevron Reveals $6.5bn Sale of Interests in Canada to CNRL
HOUSTON, TEXAS (Energy Analytics Institute, 7.Oct.2024) — Chevron Canada Limited, an indirect subsidiary of Chevron Corporation, and a related entity entered into a definitive agreement to sell their 20% percent non-operated interest in the Athabasca Oil Sands Project, 70% operated interest in the Duvernay shale, and related interests, all located […]
CNRL to Acquire Chevron’s Alberta Assets for $6.5bn
(CNRL, 7.Oct.2024) — Canadian Natural Resources Limited (CNRL) entered into an agreement to acquire, subject to regulatory approvals, from Chevron Canada Limited its 20% interest in the Athabasca Oil Sands Project (AOSP), which includes 20% of the Muskeg River and Jackpine mines, the Scotford Upgrader and the Quest Carbon Capture […]
CNRL Increases Quarterly Dividend
(Energy Analytics Institute, 7.Oct.2024) — The Board of Directors of Canadian Natural Resources Limited (CNRL) agreed to increase the quarterly cash dividend by 7% to $0.5625 per common share, up compared to the previous quarterly cash dividend of $0.525 per common share, CNRL said 7 Oct. 2024 in an official […]
Chevron Closer to Canadian Divestment Target with $6.5bn Asset Sale to CNRL
(WoodMac, 7.Oct.2024) — Addressing Chevron’s announcement to sell Canadian assets to Canadian Natural Resources (CNRL) for US$6.5bn Mark Oberstoetter, Wood Mackenzie Upstream Research Director in Calgary, said “Chevron has shown commitment to its divestment target with two sale announcements in two weeks. Offloading Alaska assets to ConocoPhillips (COP) last week […]
Winter is Coming in Europe as Geopolitical Risks Rise: Rystad EnergyÂ
(Rystad, 4.Oct.2024) — Here is Rystad Energy’s gas and LNG market update from analyst, Christoph Halser: “Norway concludes its gas maintenance season with some disruptions, while hurricanes add further risks to U.S. supply. This comes at an untimely moment, as cold temperatures across Europe are expected to cause a short-term […]
Enbridge Sanctions Pipelines to Support bp’s New Deepwater US GOM Development
(Enbridge, 3.Oct.2024) — Enbridge Inc. will build, own, and operate crude oil and natural gas pipelines in the U.S. Gulf of Mexico for the recently sanctioned Kaskida development, operated by BP Exploration & Production Company (“bp”). The crude oil pipeline, named the Canyon Oil Pipeline System, will be a combination of 24″ and […]
Shell Poised to Add Pipeline Capacity in US GOM
(Shell Pipeline Company, 3.Oct.2024) — Shell Pipeline Company LP announced the Final Investment Decision (FID) for the Rome Pipeline, an offshore pipeline construction project increasing access between Shell’s Green Canyon Block 19 (“GC-19”) pipeline hub platform and the Fourchon Junction facility on the Louisiana Gulf Coast. The pipeline will bring […]
Producers Midstream to Build Gas Facilities in Lea County
(Tailwater Capital, 3.Oct.2024) — Producers Midstream II, LLC, a portfolio company of Tailwater Capital, announced it is constructing a new gathering, treating, and processing system in Lea County, New Mexico. The System will be located in the core of the Delaware Basin, one of the most active oil and gas […]
IsoEnergy Acquires Anfield, Securing Expanded US Uranium Production
(IsoEnergy, 2.Oct.2024) —  IsoEnergy Ltd. and Anfield Energy entered into a definitive agreement (the “Arrangement Agreement“) pursuant to which IsoEnergy will acquire all of the issued and outstanding common shares of Anfield (the “Anfield Shares“) by way of a court-approved plan of arrangement (the “Transaction“). Anfield owns 100% of the Shootaring Canyon Mill (the […]
DMW Marine Expands Workforce to Meet Growing Global Demand
(Energy Analytics Institute, 1.Oct.2024) — DMW Marine Group, which specializes in marine cranes, announced the hiring of nine new service technicians. This move supports the company’s ongoing expansion and enhances its ability to meet the increasing demand for its products and services worldwide, especially in regions like Bahrain, Egypt, Tahiti, […]
Talos Adopts Limited Duration Stockholder Rights Plan
(Talos, 1.Oct.2024) — Talos Energy Inc. announced that its Board of Directors has adopted a limited duration stockholder rights plan (the “Rights Plan”). The Rights Plan is effective immediately and will expire on 1 Oct. 2025, unless approved by Talos stockholders at the company’s next Annual Meeting. The Board may […]
Citgo Share Auction Creditors Oppose Terms of Amber Energy Bid
(Reuters, 1.Oct.2024) — Creditors seeking proceeds from an auction of shares in a parent of Citgo Petroleum to repay them for Venezuela’s expropriations and debt defaults on Tuesday widely criticized terms of a conditional offer selected in the U.S. court’s second bidding round. An Elliott Investment Management affiliate on Friday was named […]