(Noble, 27.Feb.2023) — Noble Corporation plc (NYSE: NE, CSE: NOBLE) reported fourth quarter and full year 2022 results. Highlights: Integration of Maersk Drilling well underway, with over $50mn of synergies realized to date Noble establishes offshore drilling industry leadership in returning capital to shareholders, with, $96 million in share repurchases […]
Category: North America
North America energy
Mandalay Resources Reveals 4Q:22, YE:22 Results
(Mandalay, 24.Feb.2023) — Mandalay Resources Corporation (TSX: MND) (OTCQB: MNDJF) announced its financial results for the fourth quarter and year ended December 31, 2022. The company’s audited consolidated financial results for the year ended December 31, 2022, together with its Management’s Discussion and Analysis (“MD&A”) for the corresponding period, can be accessed […]
Majors Capex Guidance Update
(Energy Analytics Institute, 23.Feb.2023) — “Despite bumper profits, the peer group is guiding towards $118bn in total investment in 2023, up just 4% on last year. This reflects the priorities of capital discipline, targeted investment in the best projects and shareholder returns – the group collectively returned $117bn to investors […]
EAI’s NRGBriefs: Feb. 2023
(Energy Analytics Institute, 23.Feb.2023) — Energy briefs as well as others related to finance and politics during February 2023 including Repsol commenting on improvement of prospects for operations in Venezuela; earnings updates and webcasts from Pemex, Noble Corporation, bp, Repsol and TotalEnergies; Venezuela reactivates first drilling rig, the PDVEN-778, in […]
How the Russia-Ukraine War is Changing Energy Markets
(WoodMac, 23.Feb.2023) — Ukraine’s battle is existential. The country has suffered a year of lost lives, its people forced to live each day in perpetual fear and witness the destruction of homes, communities and infrastructure. Millions have fled the country. Russia’s war has had a huge impact outside Ukraine, too, […]
Cheniere Partners Reports 4Q:22 and YE:22 Results
(Cheniere, 23.Feb.2023) — Cheniere Energy Partners, L.P. (NYSE American: CQP) announced its financial results for fourth quarter and full year 2022. HIGHLIGHTS For the three and twelve months ended December 31, 2022, Cheniere Partners generated revenues of $4.7 billion and $17.2 billion, respectively, net income of $2.5 billion and $2.5 […]
Cheniere Initiates Permitting Process to Expand LNG Export Capacity at Sabine Pass
(Cheniere, 23.Feb.2023) — Cheniere Energy Partners, L.P. (NYSE American: CQP), a subsidiary of Cheniere Energy, Inc. (NYSE American: LNG), announced that certain of its subsidiaries have initiated the pre-filing review process under the National Environmental Policy Act with the Federal Energy Regulatory Commission (“FERC”) for the proposed Sabine Pass Stage […]
Gulfstream LNG Begins Advances Project Development
(Gulfstream LNG Development, 22.Feb.2023) — Gulfstream LNG Development, LLC, a recently launched mid-sized greenfield LNG export project, announced that it has filed an application to the United States Department of Energy (DOE) seeking authorization to export up to four million tonnes per annum (MTPA) of liquefied natural gas (LNG) to […]
Ecopetrol to Host 4Q:22 and Year End Webcast
(Ecopetrol, 22.Feb.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that on Tuesday, 28 February 2023, after market close, it will release its financial and operating results for the fourth quarter and full year 2022. On Wednesday, 1 March 2023, Ecopetrol’s senior management will host two conference calls to review the results, one in Spanish […]
Freeport LNG to start operations at its LNG plant in south Texas
HOUSTON, TEXAS (Energy Analytics Institute, Ian Silverman, 21.Feb.2023, Words: 269) — Freeport LNG Development, L.P. has received regulatory approval to commence commercial operations of the company’s natural gas liquefaction and export facility. Today’s authorization provides for the immediate full return to service of 1 liquefaction train, that has already restarted, […]
INEOS Makes Major $1.4bn Acquisition of US Onshore Assets
(INEOS, 21.Feb.2023) — INEOS Energy is entering US oil and gas production for the first time with the acquisition of a portion of Chesapeake Energy’s oil and gas assets in the Eagle Ford shale, south Texas for $1.4bn. Highlights: The world is critically dependent upon oil and gas as a […]
Port of Corpus Christi Eyes Integrated Regional Clean Hydrogen Hub
(Port of Corpus Christi, 14.Feb.2023) — The US Department of Energy (DOE) Office of Clean Energy Demonstration has encouraged both the Port of Corpus Christi Horizons Clean Hydrogen Hub (HCH2) and Trans Permian (Trans Permian) H2Hub to submit full applications through the DOE Regional Clean Hydrogen Hubs Program. Today, the Port of […]
Noble on Persons Discharging Responsibilities
(Noble, 17.Feb.2023) — Noble Corporation plc (CSE: NOBLE, NYSE: NE) announces a correcting of the announcement of 3 October 2022 regarding transactions made by persons discharging managerial responsibilities. In the announcement of 3 October 2022, it was stated that Blake A. Denton and Joey M. Kawaja exchanged 3,076 shares of […]
Shell Starts Production at Vito in US GOM
(Shell, 16.Feb.2023) — Shell Offshore Inc., a subsidiary of Shell plc, announced that production has started at the Shell-operated Vito floating production facility in the US Gulf of Mexico (GoM). With an estimated peak production of 100,000 barrels of oil equivalent per day, Vito is the company’s first deep-water platform […]
Entergy Reports Initiates 2023 Earnings Guidance
(Entergy, 16.Feb.2023) — Entergy Corporation (NYSE: ETR) reported fourth quarter 2022 earnings per share of 51 cents on an as-reported and adjusted basis (non-GAAP). For the full year, the company reported 2022 earnings per share of $5.37 on an as-reported basis and $6.42 on an adjusted basis. “We finished 2022 strong and delivered meaningful outcomes for our […]
East Palestine Update, Community, Environmental Monitoring
(Norfolk Southern, 16.Feb.2023) — Norfolk Southern Corporation (NYSE: NSC) provided an update on environmental monitoring and community assistance for the Village of East Palestine, Ohio. To date, Norfolk Southern has: Completed nearly 500 in-home air tests in conjunction with the U.S. EPA and other governmental agencies. In-home air monitoring has not detected substances […]
Newpark Resources Reports 4Q:22 Results
(Newpark Resources, 16.Feb.2023) — Newpark Resources, Inc. (NYSE: NR) announced results for its fourth quarter ended 31 December 2022. Total revenues for the fourth quarter of 2022 were $225.2mn compared to $219.9mn for the third quarter of 2022 and $179.6mn for the fourth quarter of 2021. Net income for the fourth quarter of 2022 was $9.0mn, or $0.10 per diluted […]
High Quality Oil and Gas Supplies are Scarce, WoodMac Says
(WoodMac, 16.Feb.2023) — The energy transition will require oil and gas for decades to come, but the supply of lower-cost, lower-carbon “advantaged” barrels remain scarce, threatening emissions targets and causing upstream providers to pivot to new strategies, according to “Scraping the Barrel” a new Horizons analysis from Wood Mackenzie. Wood Mackenzie’s analysis […]
Sempra to Develop NatGas Transportation Infrastructure in Mexico
(Sempra, 14.Feb.2023) — Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), Mexico’s Federal Electricity Commission (ComisiĂłn Federal de Electricidad, CFE), and Carso Energy, a subsidiary of Grupo Carso, announced today a Memorandum of Understanding (MOU) to advance a potential strategic alliance for the joint development of natural gas […]
Talos Energy Completes Acquisition of EnVen Energy Corporation
(Talos, 13.Feb.2023) — Talos Energy Inc. (NYSE: TALO) announced the completion of its previously announced acquisition of EnVen Energy Corporation. The company expects to provide 2023 financial and operational guidance for the combined company to investors concurrently with the fourth quarter and full year 2022 earnings press release to be issued on Tuesday, […]
Golden Arrow Applies to Extend Warrants
(Golden Arrow, 10.Feb.2023) — Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), made an application to the TSX Venture Exchange to extend the term of 15,804,012 outstanding warrants as follows: 11,051,611 warrants that are set to expire on 25 February 2023, 1,290,367 warrants that are set to expire on 5 […]
Golden Arrow Applies to Extend Warrants
(Golden Arrow, 10.Feb.2023) — Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) has made an application to the TSX Venture Exchange to extend the term of 15,804,012 outstanding warrants as follows: 11,051,611 warrants that are set to expire on February 25, 2023, 1,290,367 warrants that are set to expire on 5 March 2023 and […]
Bechtel Company Assumes Responsibility of Waste Isolation Pilot Plant
(Bechtel, 10.Feb.2023) — A Bechtel company, Salado Isolation Mining Contractors LLC (SIMCO), has assumed responsibility for managing and operating the only deep underground repository for defense-related transuranic nuclear waste in the United States, the Waste Isolation Pilot Plant (WIPP) in New Mexico. SIMCO is a single-purpose entity whose parent organization is Bechtel […]
Flowserve Acquires Velan in $245mn All-cash Deal
(Flowserve, 10.Feb.2023) — Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, and Velan Inc. (TSX: VLN), a leading manufacturer of highly engineered industrial valves, today announced that they have entered into a definitive agreement (the “Arrangement Agreement”) under which Flowserve will […]
Enbridge Advances Strategic Priorities, Reports Strong 2022 Financial Results
(Enbridge, 10.Feb.2023) — Enbridge Inc. (TSX: ENB) (NYSE: ENB) reported strong fourth quarter and full year 2022 financial results, reaffirmed its 2023 financial outlook and provided a quarterly business update. Highlights(All financial figures are unaudited and in Canadian dollars unless otherwise noted. * identifies non-GAAP financial measures. Please refer to Non-GAAP Reconciliations Appendices.) […]
Bristow Announces New Organization Structure
(Bristow, 9.Feb.2023) — Bristow Group Inc. (NYSE: VTOL) took action today to better support its existing business and future growth plans by reorganizing the company’s leadership team to align with its main service lines – Government Services and Offshore Energy Services. Given the increased scale and geographic scope of Bristow’s Government […]
![Chevron Drops Its 2022 Methane Report [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2024/02/california-chevron-methane-report.png){kind=icon}
Chevron Drops Its 2022 Methane Report [PDF Download]
(Energy Analytics Institute, 9.Feb.2023) — California-based energy giant Chevron Corporation released its 2022 methane report, which it said builds on its climate change-related reporting and provides detailed information on its ongoing work to reduce methane intensity and improve methane emissions inventories. “We recognize the challenges and opportunities in the evolving […]
Seaside LNG Acquires LNG Bunker Barge from TOTE Maritime Puerto Rico
(Seaside, 9.Feb.2023) — Seaside LNG announced the acquisition of the liquefied natural gas fueling barge the Clean Jacksonville from TOTE Maritime Puerto Rico, LLC, a subsidiary of TOTE Group, LLC. Seaside LNG’s maritime transportation company, Polaris New Energy, has contracted to continue fueling TOTE’s Marlin Class LNG-powered container ships and other commercial […]
NovoHydrogen Closes Seed Financing and Finalizes Board of Directors
(NovoHydrogen, 7.Feb.2023) — NovoHydrogen, a leading renewable hydrogen project developer, today announced that it has closed its seed funding round and officially appointed four esteemed executives to its board of directors. With the board’s guidance throughout 2022, the company has already produced impressive results including the accelerated development of its […]
Mexico Pacific to Sell LNG from Sonora Export Plant to Exxon Mobil
(Reuters, 7.Feb.2023) — Mexico Pacific said that a unit of Exxon Mobil Corp had agreed to buy liquefied natural gas from the Mexican company’s proposed Saguaro Energia LNG export plant in Sonora state. Mexico Pacific said in a news release that ExxonMobil will buy about 2 million tonnes per annum […]
FMC Delivers Record 4Q:22 and 2022 Results
(FMC, 7.Feb.2023) — FMC Corporation (NYSE:FMC) today reported fourth quarter 2022 revenue of $1.62bn, an increase of 15 percent versus fourth quarter 2021, driven by robust volume and strong pricing. Excluding the impact of foreign currencies, organic revenue grew 17 percent year-over-year. On a GAAP basis, the company reported earnings of $2.17 per […]
Hess Recognized for Sustainability Performance
(Hess, 7.Feb.2023) — Hess Corporation (NYSE: HES) has once again received a AAA rating in the latest MSCI environmental, social and governance (ESG) rating assessment. AAA, which is MSCI ESG’s highest rating, designates Hess as a leader in managing industry specific ESG risks relative to peers. Hess is one of only two U.S. oil and gas companies that currently hold […]
Chesapeake Utilities Establishes RNG Injection Point in Florida
(Chesapeake Utilities, 6.Feb.2023) — Chesapeake Utilities Corporation (NYSE: CPK) announces the establishment of a fuel injection point in Yulee, Florida, that enables the receipt of renewable natural gas (RNG) and supports the growing demand for energy from increased residential and commercial needs in Nassau County. The injection point can accept RNG, compressed natural gas […]
Motiva Reports Operational Snag at Texas Oil Refinery
(WSJ, 6.Feb.2023) — Motiva Enterprise reported an operational disruption and above-normal flaring of gases over the weekend at its oil refinery in Port Arthur, Texas. “The Motiva Port Arthur Manufacturing Complex experienced a process incident at the refinery that resulted in flaring with emissions in excess of a reportable quantity,” […]
Caribbean Seeks Venezuela’s Oil and Gas as U.S. Relaxes Sanctions
(WSJ, 3.Feb.2023) — Caribbean countries battered by high energy costs are turning to Venezuela for oil and gas as the U.S. eases sanctions that have kept its supplies off limits for years. Trinidad and Tobago received a U.S. Treasury Department license in January to develop a Venezuelan gas field. A prospective refinery operator […]
Sempra to Report 4Q:22 and FY:22 Earnings 28 Feb. 2023
(Sempra, 3.Feb.2023) — Sempra (NYSE: SRE) (BMV: SRE) plans to release its fourth-quarter and full-year 2022 earnings by 7 a.m. ET, Tuesday, 28 February 2023. Sempra executives will conduct a conference call at 12 p.m. ET, Tuesday, 28 Feb. Investors, media, analysts and the public may listen to a live webcast of the conference call by […]
Plenitude Inaugurates 263 MW Photovoltaic Plant in Texas
(Eni, 3.Feb.2023) — Plenitude began production at the 263 MW “Golden Buckle Solar Project” in Brazoria County Texas, USA, at the presence of Consul General of Italy in Houston Mauro Lorenzini. The plant was built in just over a year, in an area of over 600 hectares located 80 km […]
EAI’s NRGBriefs: Jan. 2023
(Energy Analytics Institute, 31.Jan.2023) — Energy briefs as well as others related to finance and politics during January 2023 including Trinidad and Tobago Prime Minister Dr. Hon. Keith Rowley said during the Trinidad and Tobago Energy Conference (TTEC) in Port of Spain that “in this uncertain global environment, energy is […]
![Building a Clean Energy Economy [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/09/building-a-clean-energy-economy_source-the-white-house.png)
Building a Clean Energy Economy [PDF Download]
(The White House, 31.Jan.2023) — When President Biden signed the Inflation Reduction Act (IRA) into law in August 2022, he said the new law “is not just about today, it’s about tomorrow. It’s about delivering progress and prosperity to American families.” The Inflation Reduction Act makes a historic commitment to […]
W&T Offshore Closes $275mn Senior Second Lien Notes Offering
(W&T Offshore, 30.Jan.2023) — W&T Offshore, Inc. (NYSE: WTI) closed on its previously announced offering of $275mn in aggregate principal amount of 11.75% Senior Second Lien Notes (the “notes”) due 2026 at par in a private offering that is exempt from registration under the Securities Act of 1933, as amended. […]
ExxonMobil Awards FEED for World’s Largest Low-carbon Hydrogen Facility
(ExxonMobil, 30.Jan.2023) — ExxonMobil announced the next step in the development of the world’s largest low-carbon hydrogen production facility with a contract award for front-end engineering and design (FEED). A final investment decision for the project is expected by 2024, subject to stakeholder support, regulatory permitting, and market conditions. Highlights: […]
New Global Finds Drive Exploration to Value Creation
(WoodMac, 30.Jan.2023) — The global oil and gas exploration sector had its strongest year in 2022 in more than a decade. In its work to improve portfolios by adding lower-carbon, lower-cost advantaged hydrocarbons, the sector created at least $US33bn of value and achieved full-cycle returns of 22%, at $US60/barrel Brent […]
Chevron 4Q:22 Earnings Call Transcript, Buybacks and Rising Venezuela Production
(Motley Fool Transcribing, 27.Jan.2023) — Chevron Corporation’s earnings call for the period ending 31 December 2022 with Chairman and Chief Executive Officer Mike Wirth and his comments on topics ranging from share buybacks to production increases in Venezuela. Contents: –Prepared Remarks –Questions and Answers –Call Participants Prepared Remarks: Operator Good […]
ExxonMobil Moves Forward with Largest Renewable Diesel Facility in Canada
(ExxonMobil, 26.Jan.2023) — ExxonMobil announced its majority-owned affiliate, Imperial Oil Ltd, will invest about $560mn to move forward with construction of the largest renewable diesel facility in Canada. The project at Imperial’s Strathcona refinery is expected to produce 20,000 barrels of renewable diesel per day primarily from locally sourced feedstocks […]
Imperial to Invest Cdn$720mn in Renewable Diesel Facility
(Imperial, 26.Jan.2023) — Imperial Oil Limited (TSE: IMO, NYSE American: IMO) will further help Canada achieve its net zero goals by investing about Cdn$720mn (USD$560mn) to move forward with construction of the largest renewable diesel facility in the country. Highlights: — Facility expected to produce more than 1 billion liters […]
Chevron Boosts Dividend; Reveals $75bn Stock Repurchase Program
(Chevron, 25.Jan.2023) — The Board of Directors of Chevron Corporation (NYSE: CVX) declared a quarterly dividend of one dollar and fifty-one cents ($1.51) per share, an increase of nine cents ($0.09) per share or approximately 6 percent. The dividend is payable 10 March 2023, to all holders of common stock […]
Trinidad/Venezuela Dragon Gas Development Update
(Welligence Energy Analytics, 25.Jan.2023) — The U.S. Department of the Treasury has granted a license to the government of T&T to receive gas from the multi-Tcf offshore Dragon gas field in Venezuela. This decision comes just two months after Chevron received the green light to resume operations in Venezuela and leaves the possibility of […]
US Secretary of Energy to Address CERAWeek 6-10 Mar. 2023
(CERAWeek, 25.Jan.2023) — U.S. Secretary of Energy Jennifer M. Granholm will address delegates at the 41st annual CERAWeek by S&P Global, March 6-10 in Houston. Secretary Granholm will join the world’s energy industry leaders, experts, government officials and policymakers, as well as leaders from the technology, financial and industrial communities addressing this year’s conference. “We […]
Halliburton Reports Strong 4Q:22 Results
(Halliburton, 24.Jan.2023) — Halliburton Company (NYSE: HAL) announced today net income of $656mn, or $0.72 per diluted share, for the fourth quarter of 2022. This compares to net income for the third quarter of 2022 of $544mn, or $0.60 per diluted share. Halliburton’s total revenue for the fourth quarter of […]
Rowley Says OFAC Approves Trinidad’s Development of the Dragon Field
(Office of the Prime Minister of Trinidad and Tobago, 24.Jan.2023) — As you all are aware, the United States is our major trading partner and approximately 200,000 of our citizens live in the USA. Against this solid background of friendship and cooperation the Government of Trinidad and Tobago has constantly […]