(Venture Global, 28.Apr.2023) — Today, Venture Global LNG announced the execution of a long-term Sales and Purchase Agreement (SPA) with JERA Co., Inc. for the sale of 1 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from CP2 LNG for 20 years. CP2 LNG is Venture Global’s third […]
Category: North America
North America energy
Petrobras on Shareholders Remuneration
(Petrobras, 27.Apr.2023) — Petrobras, following the press release disclosed on 1 March 2023, informs that, in a meeting held today, the Annual General Meeting (AGM) approved the distribution of dividends relating to the 2022 fiscal year in the amount of R$17.06202044 per outstanding share (common or preferred). This amount includes […]
![Hess Reports 1Q:23 Results, Another Find Offshore Guyana [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2023/04/hess-houston-source-energy-analytics-institute-c-scaled.jpg)
Hess Reports 1Q:23 Results, Another Find Offshore Guyana [PDF Downloads]
(Hess, 26.Apr.2023) — Hess Corporation (NYSE: HES) reported net income of $346mn, or $1.13 per share, in the first quarter of 2023, compared with net income of $417mn, or $1.34 per share, in the first quarter of 2022. On an adjusted basis, the corporation reported net income of $404mn, or […]
Ecopetrol’s New CEO Seeks to Boost Oil Output Amid Petro Restrictions
(Bloomberg, 25.Apr.2023) — Ecopetrol SA will invest in technology to boost output at oil fields it operates as the Colombian government sticks to a pledge to ban new drilling contracts, according to the company’s new Chief Executive Officer Ricardo Roa. Colombia’s state-controlled oil producer has some 85 exploration contracts of […]
Glenfarne Energy’s Texas LNG Receives Order on Remand from FERC
(Texas LNG, 24.Apr.2023) — Texas LNG, a four million tonnes per annum (“mtpa”) liquefied natural gas (LNG) export terminal to be constructed in the Port of Brownsville, Texas, owned by Texas LNG Brownsville LLC, an affiliate of Glenfarne Energy Transition, LLC, a global energy transition leader providing critical solutions to lower […]
Nucor Reports 1Q:23 Results
(Nucor, 20.Apr.2023) — Nucor Corporation (NYSE: NUE) announced net earnings attributable to Nucor stockholders of $1.14bn, or $4.45 per diluted share, for the first quarter of 2023. By comparison, Nucor reported net earnings attributable to Nucor stockholders of $1.26bn, or $4.89 per diluted share, for the fourth quarter of 2022 and $2.10bn, or $7.67 per diluted share, for the […]
Port of Corpus Christi Sees Record 1Q:23 Tonnage
(Port of Corpus Christi, 18.Apr.2023) — The Port of Corpus Christi Authority closed its first quarter of 2023 (Q1-2023) with record tonnage of 49.6 million tons, surpassing the year-over-year (YOY) period in 2022 by more than six million tons and nudging past the previous quarterly record of 49.5 million tons […]
Avino Reports Steady Production in 1Q:23
(Avino, 18.Apr.2023) — Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE: ASM) (FSE: GV6) reports another quarter of strong production results of 678,247 silver equivalent ounces, bringing the 12-month trailing total to 2.9 million silver equivalent ounces from the Avino Mine. Production Highlights – Q1 2023 (Compared to Q1 2022) Silver equivalent production […]
ForeFront Power and HASI Expand Equity Investment Across California
(ForeFront Power, 18.Apr.2023) — ForeFront Power, a developer and asset manager of commercial and industrial-scale (C&I) solar energy and battery storage projects, and HASI (NYSE: HASI), an investor in climate solutions, have entered into a follow-on equity investment for a portfolio of distributed solar and solar-plus-storage projects located across California. The transaction, […]
Venture Global Raises Roof of Second Plaquemines Storage Tank
(Venture Global, 17.Apr.2023) — Venture Global LNG announced the successful raising of the roof of the second LNG storage tank at the Plaquemines LNG export facility in Plaquemines Parish, Louisiana. This major project milestone was completed ahead of schedule and comes just seven weeks after the roof raising for tank […]
CSI Compressco on Cash Distribution, 1Q:23 Webcast
(CSI Compressco, 17.Apr.2023) — CSI Compressco LP (NASDAQ: CCLP) announced today that the board of directors of its general partner has declared a cash distribution attributable to the quarter ended 31 March 2023 of $0.01 per outstanding common unit, or $0.04 per outstanding common unit on an annualized basis. This cash distribution will be paid on 15 May 2023 to […]
![OFAC on Possible Evasion of Russian Oil Price Cap [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2021/06/BCS-Blog-What-is-the-OFAC.jpg)
OFAC on Possible Evasion of Russian Oil Price Cap [PDF Download]
(OFAC, 17.Apr.2023) — The Office of Foreign Assets Control (OFAC) is issuing this alert to warn US persons about possible evasion of the price cap on crude oil of Russian Federation origin (Russian oil), particularly involving oil exported through the Eastern Siberia Pacific Ocean (ESPO) pipeline and ports on the […]
bp Starts Oil Production at Argos Platform in the Gulf of Mexico
(bp, 13.Apr.2023) — bp has successfully started oil production at its Argos offshore platform, delivering more energy at a critical time and strengthening bp’s position as a leading producer in the deepwater US Gulf of Mexico. With a gross production capacity of up to 140,000 barrels of oil per day, Argos is […]
GSI Enhances Renewable Platform with Saturn Power Acquisition
(GSI, 13.Apr.2023) — Greenwood Sustainable Infrastructure (GSI), the North American renewable energy subsidiary of Libra Group, has announced the strategic acquisition of the solar and battery development portfolios of Saturn Power, including its team of seasoned developers and an approximate 1.4-gigawatt (GW) pipeline of early to late-stage solar and energy storage projects in five U.S. states […]
Greenwood Sustainable Infrastructure (GSI) Acquires Saturn Power
(Greenwood Sustainable Infrastructure, 13.Apr.2023) — Greenwood Sustainable Infrastructure (GSI), the North American renewable energy subsidiary of Libra Group, has announced the strategic acquisition of the solar and battery development portfolios of Saturn Power, including its team of seasoned developers and an approximate 1.4-gigawatt (GW) pipeline of early to late-stage solar and energy storage projects in five […]
Chipotle Pilots New Responsible Restaurant, Launches Sustainability Campaign
(Chipotle, 11.Apr.2023) — Chipotle Mexican Grill (NYSE: CMG) today announced a new all electric restaurant design that works to maximize energy efficiency in its equipment and systems and utilizes 100% renewable energy from wind power and solar through the purchase of certified renewable energy credits. The company recently opened restaurants with the new […]
Kootenay Silver Reveals Term Amendments for the Columba Option Agreement
(Kootenay, 6.Apr.2023) — Kootenay Silver Inc. (TSXV: KTN) has amended the terms for the Columba option agreement to allow for 50% of the April 2023 payment of US$430,000 plus 16% IVA to be paid in common shares of the company. The payment is due on 12 April 2023, and will be paid as follows US$215,000 cash and US$215,000 (plus […]
Tellurian Enters into Material Definitive Agreement
(Tellurian, 6.Apr.2023) — On 4 April, 2023, Tellurian Inc. entered into a binding letter of intent (the “LOI”) with a New York-based institutional investor with approximately $120bn in assets under management regarding the sale and leaseback of approximately 800 acres of land owned and/or leased by Driftwood LNG LLC, a […]
Collaborating for Clean Energy at Toyota’s North Alabama Engine Plant
(Toyota, 5.Apr.2023) — More than 70 percent of Toyota Motor Manufacturing, Alabama’s power will soon be generated by the sun. Today, Huntsville Utilities, Toyota Alabama and Toyota Tsusho America, Inc. (TAI) announced a power purchase agreement (PPA) to support a 168-acre, $49mn solar project. The 30-megawatt solar-generated system will be located in the North Huntsville Industrial […]
FLNG Market Boasts $35bn EPC Contract Award Value 2023-27
(Westwood, 4.Apr.2023) — When Shell announced final investment decision (FID) on its Prelude floating liquefaction natural gas (FLNG) unit in May 2011, it was meant to be the start of an era. An era that would herald the development of stranded gas fields at lower costs. However, 12 years on, […]
Riley Permian Closes New Mexico Acquisition
(Riley Exploration, 4.Apr.2023) — Riley Exploration Permian, Inc. (NYSE American: REPX) completed its previously announced acquisition of New Mexico oil and natural gas assets from Pecos Oil & Gas, LLC, an affiliate of Cibolo Energy Partners LLC. Consideration for the New Mexico acquisition was $330mn before customary purchase price adjustments. In conjunction with the […]
Canadian Pacific on Results of Early Tenders of Kansas City Southern Notes
(Canadian Pacific, 3.Apr.2023) — Canadian Pacific (TSX: CP) (NYSE: CP) today announced that as of 5:00 p.m. ET on 31 March 2023 (the “Early Participation Date”), the aggregate principal amounts listed below of seven series of notes, each issued by Kansas City Southern (“KCS”, and such notes, the “Old Notes”), had been validly tendered and […]
Venezuela Opposition Envoy Urges Biden to Ease Oil Sanctions
(AP, 3.Apr.2023) — The new representative of Venezuela’s opposition in the U.S. is urging the Biden administration to relax crippling oil sanctions on Nicolas Maduro’s government or risk seeing the socialist-run country turn into another Cuba with Washington scapegoated for increasing authoritarianism and economic hardships. Fernando Blasi’s comments to The […]
BidOut Reveals American Energy Management Partnership
(BidOut, 3.Apr.2023) — Virtually every sector has experienced supply chain disruptions and the oil and gas industry is no exception. One company, BidOut, has developed a solution to streamline those disruptions and has added American Energy Management as a client. BidOut is the leading SaaS procurement platform for oil and […]
Noble Announces Changes to Share Capital
(Noble, 31.Mar.2023) — Noble Corporation plc (CSE: NOBLE, NYSE: NE) today announces changes to its share capital. During the period since February 28, 2023, 3,776,358 new A ordinary shares each with a nominal value of USD 0.00001 have been issued. 3,771,978 new A ordinary shares have been issued to certain […]
Forbes Names TechnipFMC in its World’s Top 400 Female-Friendly Companies List
(TechnipFMC, 31.Mar.2023) — TechnipFMC was recognized by Forbes as one of the World’s Top 400 Female-Friendly Companies in 2022 in an independent study conducted in partnership with market research company Statista. To compile this ranking, Statista surveyed around 85,000 women working at multinational institutions in 36 countries. Its analysts sifted […]
![Global Gas Flaring Tracker Report [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/04/us-flaring-2023-source-the-world-bank.png)
Global Gas Flaring Tracker Report [PDF Download]
(The World Bank, 31.Mar.2023) — After a decade of little progress, global gas flaring volumes fell by around 3% in 2022. However, despite this welcome reduction, greater and sustained efforts are needed to end this wasteful and polluting practice. The growing sense of urgency in tackling global gas flaring is […]
EAI’s NRGBriefs: Mar. 2023
(Energy Analytics Institute, 31.Mar.2023) — Energy briefs as well as others related to finance and politics during March 2023 including Staatsolie Hydrocarbon Institute (SHI), a wholly owned subsidiary of Staatsolie Maatschappij Suriname N.V., and launch of a competitive bid round of six new blocks in the currently sparsely explored Demerara […]
Uranium Energy on Uranium Producers of America
(Uranium Energy, 29.Mar.2023) —Uranium Energy Corp (NYSE American: UEC) announced that Scott Melbye, UEC’s Executive Vice President, has been re-elected to serve another term as President of the Uranium Producers of America (UPA). Amir Adnani, President and CEO stated: “We congratulate Scott on his re-election to the position of President of […]
Baker Hughes to Supply Trains for Port Arthur LNG Phase 1 Project
(Baker Hughes, 27.Mar.2023) — Baker Hughes (NASDAQ: BKR), an energy technology company, has been awarded an order by Bechtel to supply two Main Refrigerant Compressors (MRCs) for Sempra Infrastructure’s Port Arthur LNG Phase 1 project in Jefferson County, Texas, following the positive Final Investment Decision (FID) announced March 20. Through the […]
![Sempra Launches Port Arthur LNG with $13bn FID [Video + PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/03/Sempra-fid-port-arthur-source-bechtel.jpg)
Sempra Launches Port Arthur LNG with $13bn FID [Video + PDF Download]
(Sempra, 20.Mar.2023) — Sempra (NYSE: SRE) (BMV: SRE) announced that its 70%-owned subsidiary, Sempra Infrastructure Partners, LP, reached a positive final investment decision (FID) for the development, construction and operation of the Port Arthur LNG Phase 1 project in Jefferson County, Texas. Sempra Infrastructure closed its joint venture with an affiliate of ConocoPhillips (NYSE: COP), as […]
Shell Takes FID at Dover in US Gulf of Mexico
(Shell, 15.Mar.2023) — Shell Offshore Inc., a subsidiary of Shell plc, announced the Final Investment Decision (FID) for Dover, a planned subsea tieback to the Shell-operated Appomattox production hub in the US Gulf of Mexico (GoM). Dover is expected to start production in late 2024-early 2025 and produce up to […]
Citgo Offers to Purchase $407mn in Senior Notes
(Citgo, 13.Mar.2023) — Citgo Holding, Inc., a Delaware corporation, today announced its offer to purchase (the “Offer”) for cash an aggregate principal amount of up to $406.645mn (the “Excess Cash Flow Offer Amount”) of its 9.25% Senior Secured Notes due 2024 (the “Notes”) at a purchase price equal to 100% of the principal amount […]
Venture Global Announces FID for Phase II of Plaquemines LNG facility
(Venture Global, 13.Mar.2023) — Venture Global LNG is announcing a final investment decision (FID) and successful closing of the $7.8bn project financing for the second phase of the Plaquemines LNG facility. Together, phase one and phase two represent approximately $21bn of investment, the largest project financing ever done. The proceeds of the debt […]
Energy Minister Meets with Shell Execs in Texas
(Trinidad Guardian, Chester Sambrano, 10.Mar.2023) — Minister of Energy and Energy Industries, Stuart Young MP, has held talks with Shell Executives in Houston, Texas, this week. Minister Young is attending CERAWeek. CERAWeek is hosted by S&P Global and is considered one of the world’s premier energy conferences. In a statement, […]
Petrobras and Shell Ink MOU during CERAWeek
(Petrobras, 9.Mar.2023) — Petrobras announces that its CEO Jean Paul Prates, and Wael Sawan, Shell‘s CEO, signed today a Memorandum of Understanding, during CERAWeek, in Houston, in order to encourage discussion and collaboration between the companies. The companies will work together on identifying potential upstream opportunities, sharing experience and best […]
Citgo Reports 4Q:22 and YE:22 Results
(Citgo, 9.Mar.2023) Citgo Petroleum Corporation today reported its 2022 fourth quarter and year-end financial results. Highlights: Fourth quarter net income of $806mn and EBITDA[1] of $1.2bn Fourth quarter total refinery crude throughput of 797,000 barrels-per-day (bpd), 4% above nameplate capacity of 769,000 bpd Repayment in full of the $1.1bn outstanding under Citgo Petroleum’s […]
T&T Energy Minister Holds Successful Talks at CERAWeek in Houston
(Loop, 8.Mar.2023) — Energy Minister Stuart Young says he has had successful discussions at CERAWeek in Houston where a number of important engagements with key stakeholders in the energy industry at a global level, to further progress this country’s energy sector development. CERAWeek is widely considered to be the most prestigious […]
Freeport LNG Gets FERC Approval to Restart Train 1
(Freeport LNG, 8.Mar.2023) — Freeport LNG Development, L.P. announced that it has received regulatory approvals from the Federal Energy Regulatory Commission (FERC) and the Pipeline and Hazardous Materials Safety Administration (PHMSA) to restart Train 1, the final train of Freeport LNG’s three train liquefaction facility to receive restart authorization. Freeport […]
Biden-Harris Administration Advances Cleaner Industrial Sector
(The White House, 8.Mar.2023) — Today, the Biden-Harris Administration announced new actions to grow American competitiveness, expand manufacturing jobs, and reduce greenhouse gas emissions from the industrial sector, which includes production of steel, aluminum, chemicals, and concrete, and currently contributes nearly one-quarter of U.S. emissions. These actions will boost the already historic […]
Chevron and JERA to Explore CCS projects in the US and Australia
(Chevron, 7.Mar.2023) — Chevron New Energies, a division of Chevron U.S.A. Inc., and JERA Co., Inc. have signed a Memorandum of Understanding (MOU) that provides a framework for their collaboration on carbon capture and storage (CCS) projects located in the United States and Australia. This MOU has the potential to […]
KAPSARC to Participate in CERAWeek by S&P Global 2023
(KAPSARC, 5.Mar.2023) — The Riyadh-based King Abdullah Petroleum Studies and Research Center (KAPSARC) will join the world’s energy industry leaders, experts, government officials and policymakers at the 41st annual CERAWeek by S&P Global, to be held from 6-10 March in Houston, Texas. KAPSARC is an affiliate partner of this year’s CERAWeek […]
Exxon Mobil Corp. Sued by EEOC for Race Discrimination
(US EEOC, 2.Mar.2023) — Exxon Mobil Corporation, doing business as ExxonMobil Chemical Corporation, violated federal law when it failed to take effective measures to prevent the display of hangman’s nooses at its Baton Rouge complex, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit filed on March 2, […]
![Ecopetrol Reports Strong 4Q:22 Results [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2020/02/ecopetrol-col-latamnrg.jpg)
Ecopetrol Reports Strong 4Q:22 Results [PDF Downloads]
(Ecopetrol, 28.Feb.2023) — During 2022, the Ecopetrol Group continued delivering record operating and financial results and above the targets set at the beginning of the year. This, together with environmental, social and governance actions consistent with best industry practices and standards, and in line with our commitment to generate sustainable […]
Noble Announces Changes to its Share Capital
(Noble, 28.Feb.2023) — Noble Corporation plc (CSE: NOBLE, NYSE: NE) announces changes to its share capital. During the period since 31 January 2023, 404,861 new A ordinary shares each with a nominal value of USD 0.00001 have been issued. 280 new A ordinary shares have been issued to certain holders of […]
Excelerate and Venture Global Announce SPA
(Venture Global, 28.Feb.2023) — Excelerate Energy, Inc. (NYSE: EE) and Venture Global LNG announced the execution of a 20-year LNG Sales and Purchase Agreement (SPA). Under the SPA, Excelerate will purchase 0.7 million tonnes per annum (MTPA) of liquefied natural gas (LNG) on a free on board (FOB) basis from […]
![Chevron Reaffirms Higher Returns, Lower Carbon Objectives [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/07/chevron-corporate-offices-in-houston-tx-photo-thanks-to-flickr-user.jpg){kind=icon}
Chevron Reaffirms Higher Returns, Lower Carbon Objectives [PDF Download]
(Chevron, 28.Feb.2023) — At its annual investor meeting, Chevron Corporation (NYSE: CVX) reported on its progress to leverage its strengths to safely deliver lower carbon energy to a growing world. Highlights Raises share buyback guidance to $10bn to $20bn per year Expects free cash flow annual growth greater than 10% […]
John F. Kerry to Address CERAWeek by S&P Global 2023
(S&P Global, 27.Feb.2023) — The United States Special Presidential Envoy for Climate, John F. Kerry, will address delegates at the 41st annual CERAWeek by S&P Global, 6-10 March in Houston. The first-ever Principal to sit on the U.S. National Security Council entirely dedicated to climate change, Mr. Kerry previously served as the 68th […]
GoldMining Launches US GoldMining IPO
(GoldMining, 27.Feb.2023) — GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) announced that its subsidiary, U.S. GoldMining Inc. (“USGO”) has filed a registration statement on Form S-1 in connection with its initial public offering (IPO) of units (the “Units”). U.S. GoldMining is offering up to 2,000,000 Units under the IPO at […]
Venture Global on Roof Raising at Plaquemines LNG Facility
(Venture Global LNG, 27.Feb.2023) — Today, Venture Global LNG announced the successful raising of the roof of the first LNG storage tank at the Plaquemines LNG export facility in Plaquemines Parish, Louisiana. This major project milestone was completed ahead of schedule and comes nine months after the project’s final investment […]