Category: North America

North America energy

Shell Assumes 100% Working Interest in US GOM Kaikias Field

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(Shell, 13.Dec.2023) — Shell Offshore Inc., a subsidiary of Shell plc (Shell), acquired the 20% working interest (WI) of MOEX North America LLC, a 100% subsidiary of Mitsui & Co., Ltd., in the Kaikias field in the US Gulf of Mexico. Shell now has 100% WI and remains the operator. “Since […]

Pembina Announces $3.1bn Acquisition of Enbridge Interests

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(Pembina, 13.Dec.2023) — Pembina Pipeline Corporation (TSX: PPL; NYSE: PBA) has entered into an agreement with Enbridge Inc. to acquire all of Enbridge’s interests in the Alliance, Aux Sable and NRGreen joint ventures. Highlights Pembina has entered into an agreement to acquire Enbridge’s interests in Alliance, Aux Sable and NRGreen […]

Shell Takes FID for Phased Wells at Perdido in US Gulf of Mexico

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(Shell, 12.Dec.2023) — Shell Offshore Inc., a subsidiary of Shell plc (Shell), announced the Final Investment Decision (FID) for a phased campaign to deliver three wells in the Great White unit designed to boost production at the Shell-operated Perdido spar in the US Gulf of Mexico (GoM). After completion of this […]

Tellurian BODs names Daniel Belhumeur as President

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(Tellurian, 11.Dec.2023) — Tellurian Inc. (NYSE American: TELL) announced that following the appointment of Martin J. Houston as Chairman of the Board, the Board of Directors has named former General Counsel Daniel Belhumeur as President of Tellurian, and former Deputy General Counsel Meredith Mouer as General Counsel and Chief Compliance […]

Pembina Reveals 2024 Guidance, Provides Business Update

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(Pembina, 11.Dec.2023) — Pembina Pipeline Corporation (TSX: PPL; NYSE: PBA) announced its 2024 financial guidance and provided a business update. Highlights 2024 adjusted EBITDA guidance of $3.725bn to $4.025bn, driven by continued volume growth across the Western Canadian Sedimentary Basin (“WCSB”), new assets placed into service, re-contracting of certain assets, […]

Occidental to Buy CrownRock for $12bn

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(Oxy, 11.Dec.2023) — Occidental (NYSE: OXY) entered into a purchase agreement to acquire Midland-based oil and gas producer CrownRock L.P., a joint venture of CrownQuest Operating LLC and Lime Rock Partners, for cash and stock in a transaction valued at approximately $12bn, including the assumption of CrownRock’s debt. Highlights include: Expected […]

Cboe Canada on Listing of LiTHOS Energy

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(Cboe Canada, 8.Dec.2023) — Cboe Canada, the new business name of the NEO Exchange, welcomes LiTHOS Energy Ltd., a critical minerals extraction technology company improving the sustainability of lithium mining, as they graduate their public listing. Following a voluntary delisting from the Canadian Securities Exchange, LiTHOS is now trading on Cboe […]

Martin Houston Becomes Tellurian Chairman [PDF Download]

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(Tellurian, 8.Dec.2023) — Tellurian Inc. (NYSE American: TELL) announced that its Board of Directors has named Martin Houston, Co-Founder and Vice Chairman, to be Chairman of the Board of Directors. Co-Founder Charif Souki will no longer serve as an executive or officer of the company or hold any managerial responsibilities. […]

Hull Street Energy Buys California Natural Gas-Fired Power Plant

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(Hull, 7.Dec.2023) — Hull Street Energy has acquired 100% of EF Oxnard, LLC from an affiliate of Atlantic Power & Utilities. Located in Oxnard, California, EF Oxnard is a nominal 48 MW simple cycle, gas-fired facility. The EF Oxnard plant is a high-quality addition to Hull Street Energy’s transition-focused power infrastructure […]

Thayer Infrastructure Services Acquires Dynetek Solutions

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(TIS, 7.Dec.2023) — Thayer Infrastructure Services, LLC (TIS), an infrastructure services providers in the power, fiber, and wireless communications construction industries, announced today the completed acquisition of Dynetek Solutions, Inc., now Dynetek Solutions, LLC. Dynetek excels in horizontal directional drilling (HDD) services, while providing infrastructure installation, upgrade, and maintenance solutions […]

Sempra Named Among Newsweek’s ‘Most Responsible Companies’

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(Sempra, 7.Dec.2023) — Sempra (NYSE: SRE) (BMV: SRE) has been recognized by Newsweek as one of “America’s Most Responsible Companies” for 2024, earning this distinction for the fifth consecutive year. The annual list ranks companies based on their commitment to corporate responsibility, specifically on efforts related to environment, social and corporate governance. […]

Talos Energy Provides Operational Updates

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(Energy Analytics Institute, 7.Dec.2023) — Talos Energy Inc. (NYSE: TALO) provided operational updates related to its operations in the Gulf of Mexico and first production from its Venice and Lime Rock finds. First, Talos expects the impact related to the Main Pass Oil Gathering pipeline shut-in to be immaterial to its […]

Dujiangyan: Changes and Constants in 2279

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(The Sichuan Dujiangyan Water Conservancy Development Center, 7.Dec.2023) — As 2023 comes to a close, international students from countries such as France, Canada, Colombia are gearing up to visit Dujiangyan to experience its hydraulic culture. Now 2279 years old, known as the “originator of world hydraulic culture,” Dujiangyan reveals its changes and constants to visitors […]

Secretary Blinken’s Call with Guyana’s President Irfaan Ali

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(US Treasury, 6.Dec.2023) — Secretary of State Antony J. Blinken spoke with Guyanese President Dr. Mohamed Irfaan Ali to reaffirm the United States’ unwavering support for Guyana’s sovereignty. The Secretary reiterated the United States’ call for a peaceful resolution to the dispute and for all parties to respect the 1899 arbitral […]

Air Burners Launches BioCharger

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(Air Burners, 5.Dec.2023) — Air Burners®, the leading manufacturer of air curtain burner systems worldwide, collaborated with Rolls-Royce and Volvo Construction Equipment to develop and test the BioCharger – an innovative, portable machine that turns biomass waste into energy. The BioCharger is the first machine of its kind, combining three innovative […]

Southwest Gas Provides Update on Centuri

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(Southwest Gas, 4.Dec.2023) — Southwest Gas Holdings, Inc. (NYSE: SWX) today announced its intent to pursue an initial public offering (IPO) of newly issued shares of Centuri Holdings, Inc. in the spring/summer 2024. The Southwest Gas board of directors has determined that an IPO is the optimal path to advance the […]

Rockefeller Foundation Commits $100mn for Climate Solutions

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(The Rockfeller Foundation, 2.Dec.2023) — The Rockefeller Foundation is announcing a $100mn commitment to address the health impacts of climate change. Joining 40 multilateral development banks, governments, philanthropies, and civil society organizations, the Foundation also endorsed the Guiding Principles for Financing Climate and Health Solutions, launched today at the World Climate Action Summit, […]

Cheniere Inks Production Marketing Agreement with ARC Resources

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(Cheniere Energy, 29.Nov.2023) — Cheniere Energy, Inc. (NYSE American: LNG) and Cheniere Energy Partners, LP (NYSE American: CQP) announced that Sabine Pass Liquefaction Stage V, LLC (SPL Stage 5) has entered into a long-term Integrated Production Marketing (IPM) gas supply agreement with ARC Resources U.S. Corp., a subsidiary of ARC […]

Suncor Energy Restarts Production at Terra Nova

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(Suncor, 27.Nov.2023) — Suncor Energy (TSX: SU) (NYSE: SU) announced that the Terra Nova Floating, Production, Storage and Offloading vessel has safely restarted following the completion of the Terra Nova Asset Life Extension project. Production is expected to ramp up over the coming months. “Focusing on safety and operational integrity, […]

GoldMining on Equity Distribution Agreement with Syndicate Agents

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(GoldMining, 24.Nov.2023) — GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) entered into an equity distribution agreement dated 24 Nov. 2023 with a syndicate of agents, including BMO Nesbitt Burns Inc. (the “Lead Agent“), BMO Capital Markets Corp., Canaccord Genuity Corp., Canaccord Genuity LLC, H.C. Wainwright & Co., LLC, Laurentian Bank Securities […]

TotalEnergies Completes Sale of Canadian assets to Suncor

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(TotalEnergies, 20.Nov.2023) — TotalEnergies has completed today the sale to Suncor of the entirety of the shares of TotalEnergies EP Canada Ltd., comprising notably its participation in the Fort Hills oil sands asset and associated midstream commitments. The consideration for the transaction is C$1.47bn (about $1.1bn), with an effective date […]

Projeo Awarded $38mn from Energy Department for CarbonSAFE

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(Projeo Corporation, 20.Nov.2023) — Projeo Corporation, a subsidiary of GTI International, has been awarded over $38mn in U.S. Department of Energy (DOE) funding to support the development of new carbon storage demonstrations. Projeo’s selected project, The Phoenix Project, intends to demonstrate the feasibility of safely converting a mature oil and gas field […]

The lifting of sanctions and the oil collapse of Venezuela [PDF download]

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(Rafael Ramírez, 16.Nov.2023) — On 18 Oct., the US Office of Foreign Assets Control (OFAC)[1] issued Licenses 43 and 44,[2] lifting the sanctions on the Venezuelan oil and mining sector that had been in place since Jan. 2019. The OFAC measure is of a temporary nature, for a period of six months, subject to compliance […]

Frontera Announces Initiation of Normal Course Issuer Bid

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(Frontera, 16.Nov.2023) — Frontera Energy Corporation (TSX: FEC) announces that the Toronto Stock Exchange (TSX) has accepted its notice to initiate a normal course issuer bid (NCIB) for its common shares. Pursuant to the NCIB, Frontera may purchase up to 3,949,454 Common Shares during the 12-month period commencing 21 Nov. 2023, […]

Exxon Turning Biomass into Fuel

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(Exxon Mobil, 13.Nov.2023) — Making a global impact on climate change isn’t easy. Reducing emissions on a global scale requires multiple solutions, and we believe biofuels can play a big part.  Highlights: The energy transition will require multiple solutions and collaborations.ExxonMobil and the National Renewable Energy lab are testing the […]

ExxonMobil Drilling First Lithium Well in Arkansas

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(Exxon Mobil, 13.Nov.2023) — Exxon Mobil Corporation (NYSE: XOM) announced plans to become a leading producer of lithium, a key component of electric vehicle (EV) batteries. Work has begun for the company’s first phase of North America lithium production in southwest Arkansas, an area known to hold significant lithium deposits. […]

Companies Ask US, EU to Intervene in Venture Global LNG Dispute

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(Reuters, 11.Nov.2023) — BP (BP.L), Edison (EDNn.MI) and Shell (SHEL.L) pressed a U.S.-EU energy group to intervene in a dispute with liquefied natural gas exporter Venture Global LNG over the U.S. firm’s failure to deliver contract supplies of the fuel. The companies appealed to the U.S.-EU Task Force on Energy Security last month, and a […]

Mandalay Resources Announces 3Q:23 Financial Results, CFO Transition

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(Mandalay, 9.Nov.2023) — Mandalay Resources Corporation (TSX: MND) (OTCQB: MNDJF) is pleased to announce its financial results for the quarter ended 30 Sep. 2023. Third Quarter 2023 Highlights: Generated consolidated quarterly revenue of $40.9mn;Björkdal had its strongest quarter since Q1 2022 generating revenue of $21.8mn and adjusted EBITDA1 of $9mn for 2023;Consolidated quarterly adjusted EBITDA of $15.4mn; andConsolidated […]

Citgo Exits 3Q:23 with Liquidity of $3.86bn

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(Citgo, 9.Nov.2023)  — Citgo Petroleum Corporation reported its 2023 third quarter financial and operational results. Highlights: Net income of $567mn and EBITDA 1 of $895mn, compared to net income of $380 mn and EBITDA of $642mn for the second quarter of 2023Adjusted EBITDA 1 for the third quarter was approximately $833mn, which included two special items related to a legal settlement and a […]

Citgo Concludes 2023 Marketer Roundtables

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(Citgo, 9.Nov.2023) — Citgo Petroleum concluded its highly successful Marketer Roundtable Meetings for 2023, bringing together marketers from across the country to discuss key industry trends, brand programs, and commercial strategies. The roundtables, held in late September through early November, provided a valuable forum for collaboration and knowledge sharing. The […]

Trek Bicycle and World Bicycle Relief Partner for Third Year in a Row

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(Trek Bicycle, 9.Nov.2023) — Today, Trek Bicycle and World Bicycle Relief (WBR) announced their third annual holiday fundraiser to help mobilize people in rural communities with purpose-built Buffalo Bicycles. This year, the two organizations aim to raise a total of $1mn, with Trek matching all donations up to $375,000 between now and 31 Dec. 2023. Customers can donate […]

ONEHOPE Wine Reaches Philanthropic Milestone

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(ONEHOPE, 9.Nov.2023) — ONEHOPE, a Napa Valley winery founded with the mission to change the world by sharing wine and giving hope is pleased to announce surpassing ten million dollars in donations to more than 40,000 unique charities as part of the brand commitment that every bottle gives back. “When we founded ONEHOPE, our […]

Franco-Nevada Declares Dividend

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(Franco-Nevada, 8.Nov.2023) — Franco-Nevada announced that its Board of Directors has declared a quarterly dividend of US$0.34 per share. The dividend will be paid on 21 Dec. 2023, to shareholders of record on 7 Dec. 2023 (the “Record Date”). The dividend has been declared in U.S. dollars and the Canadian dollar equivalent will be determined […]

Sempra Price Public Offering of Common Stock

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(Sempra, 7.Nov.2023) — Sempra (NYSE: SRE) (BMV: SRE) today announced that it has priced its registered public offering of 17,142,858 shares of its common stock in connection with the forward sale agreements described below at $70.00 per share. The offering is expected to close on or about 10 Nov. 2023, subject to customary closing conditions. […]

Oxy and BlackRock JV to Develop STRATOS DAC Plant

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(Oxy, 7.Nov.2023) — Occidental (NYSE: OXY) announced today that BlackRock (NYSE: BLK) will invest $550mn on behalf of clients in the development of STRATOS, the world’s largest Direct Air Capture (DAC) facility, in Ector County, Texas. Through a fund managed by its Diversified Infrastructure business, BlackRock has signed a definitive agreement to form […]

New Fortress to Charter FSRU for LNG Import Terminal in Brazil

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(Reuters, 6.Nov.2023) — Liquefied natural gas (LNG) developer New Fortress Energy said on Monday it has signed a deal to charter a floating storage and regasification unit (FSRU) from Brazil’s Petrobras starting in December. The company said FSRU Energos Winter will be immediately deployed to Terminal Gas Sul (TGS), New […]

Sempra Reports Strong 3Q:23 Earnings [PDF Downloads]

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(Sempra, 3.Nov.2023) — Sempra (NYSE: SRE) (BMV: SRE) announced third-quarter 2023 earnings of $721mn, or $1.14 per diluted share, compared to third-quarter 2022 earnings of $485mn, or $0.77 per diluted share. On an adjusted basis, the company’s third-quarter 2023 earnings were $685 million or $1.08 per diluted share, compared to $622mn, or $0.98 per diluted share, in 2022.  Further, Sempra is updating its full-year […]

Energy Transfer Completes Crestwood Acquisition

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(Energy Transfer, 3.Nov.2023) — Energy Transfer LP (NYSE: ET) announced completion of its previously announced merger with Crestwood Equity Partners LP. The merger was approved by Crestwood unitholders at its special meeting of unitholders held on 30 Oct. 2023. Effective with the opening of the market on 3 Nov. 2023, Crestwood’s […]