Category: North America

North America energy

Power Equipment Buys Golden Equipment

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(Power Equipment Company, 7.Jan.2022) — Power Equipment Company acquired Golden Equipment Company, a full-service heavy equipment dealership with locations in Albuquerque, NM, Farmington, NM and Durango, CO. The acquisition bolsters Power Equipment Company’s presence in New Mexico and Southwestern Colorado with additional equipment and support solutions in the rolling stock, compact, aggregate, crane, and paving & compaction segments of […]

New GM Electric Truck Faces Competition and Sceptical Buyers

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(AP, 7.Jan.2022) — The competition among United States automakers for a still-small pool of consumers seeking electric vehicles is quickly intensifying. General Motors, normally the top-selling US automaker, officially unveiled the Chevrolet Silverado EV on Wednesday with a virtual press conference at the CES gadget show. Work truck versions go on […]

Pattern Energy Completes Construction of Historic Renewable Energy Project

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(Pattern Energy, 6.Jan.2022) — Pattern Energy Group LP completed construction and begun commercial operation of its suite of Western Spirit Wind power projects. Western Spirit Wind is comprised of four wind power facilities totaling more than 1,050 megawatts (MW) located in Guadalupe, Lincoln, and Torrance Counties in central New Mexico. U.S. Senator Martin Heinrich said, “The largest […]

NRGBriefs: Presidential Elections in Brazil and Colombia

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(Energy Analytics Institute, 4.Jan.2022) — Energy briefs including presidential elections in Brazil and Colombia this yr could see showdowns between Lula da Silva and Jair Bolsonaro as well as Gustavo Petro and a new candidate perhaps from Iván Duque Márquez’s party respectively; Mexico’s President Andres Manuel Lopez Obrador presenting the country’s […]

Great Panther Reveals Board Changes

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(Great Panther, 28.Dec.2021) — Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) announces the resignation of David Garofalo as Director and Chair of the Board of Directors, effective immediately, in order to focus on other business commitments. Alan Hair, independent director of Great Panther, has been appointed as the new […]

CIT Provides $35.5mn to Greenyield Shipping LLC

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(CIT Group, 28.Dec.2021) — CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business provided $35.5mn to finance four commercial shipping vessels operated by Greenyield Shipping LLC. Greenyield is managed by Hayfin Capital Management, one of Europe’s leading alternative asset management firms, which has employed a multi-disciplined approach towards investments in the maritime sector and has […]

Talos Energy Releases 2021 ESG Report

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(Talos, 27.Dec.2021) — Talos Energy Inc. (NYSE: TALO) published its second annual environmental, social and governance (ESG) report to stakeholders, highlighting the company’s continued environmental, health and safety focus, positive impacts on communities and employees and solid governance practices. Talos has substantially increased the volume and quality of disclosures in this […]

Venture Global and CNOOC Gas & Power Announce LNG SPA

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(Venture Global, 20.Dec.2021) — Venture Global LNG and CNOOC Gas & Power Group Co., Ltd., a wholly owned subsidiary of China National Offshore Oil Corporation (CNOOC), announced the execution of a 20-year Sales and Purchase Agreement (SPA). This marks the first LNG supply agreement signed by a US exporter with CNOOC, China’s largest importer of LNG. […]

Höegh LNG Partners LP Advises Investors Of Lead Class Action

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(Höegh LNG, 18.Dec.2021) — Robbins Geller Rudman & Dowd LLP announces that purchasers of Höegh LNG Partners LP (NYSE: HMLP) securities between 22 August 2019 and 27 July 2021, inclusive (the “Class Period”) have until Monday, December 27, 2021 to seek appointment as lead plaintiff in Sanchez v. Höegh LNG Partners LP, No. 21-cv-19374.  Commenced on 27 October 2021 in the District […]

WoodMac: Predictions 2022

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(WoodMac, 17.Dec.2021) — Wood Mackenzie analysts offer ten predictions for key developments expected in the energy and natural resources industries in 2022. This is a time of year when it is tempting to look back. But it is usually more interesting to look forward. For the final Energy Pulse of […]

NRGBriefs: Ecopetrol Fined for Caño Cacayal Contamination

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(Energy Analytics Institute, 17.Dec.2021) — Energy briefs including Ecopetrol S.A. revealing the Sustainable Development Corporation of the Macarena Special Management Area CORMACARENA, through Resolution No. PS-GJ.1.2.6.21.2094 of 2021, imposed a fine of 20 monthly minimum wages to the co. due to the contamination of Caño Cacayal; Venezuela’s oil production set to […]

Dover Announces Two Clean Energy Acquisitions [Download]

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(Dover, 16.Dec.2021) — Dover (NYSE: DOV) completed the acquisition of Acme Cryogenics, Inc. for $295mn in cash, and that it has entered into a definitive agreement to acquire Engineered Controls International, LLC (RegO) for $631mn in cash, subject to customary purchase price adjustments. Additionally, the RegO acquisition includes tax step-up benefits with a net present […]

Bristow And Overair Form Partnership to Introduce Zero Emission eVTOL

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(Bristow, 16.Dec.2021) — Overair, Inc., developer of electric vertical take-off and landing (eVTOL) vehicles, today announced they signed a Memorandum of Understanding (MOU) with Bristow Group Inc. (NYSE: VTOL), a global provider of innovative and sustainable vertical flight solutions to government and civil organizations. The two companies plan to collaborate on […]

Bristow Completes Move To Offshore Ops Using Sustainable Aviation Fuel

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(Bristow, 10.Dec.2021) — Bristow Group Inc. (NYSE: VTOL) completed an offshore revenue flight using sustainable aviation fuel (SAF), marking one of the first SAF-powered flights to an offshore operation in the UK Continental Shelf (UKCS). The aircraft flew from Aberdeen to installations operated by bp. As part of its strategic relationship […]

SAExploration Announces Executive Changes

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(SAExploration, 7.Dec.2021) — SAExploration Holdings, Inc. announced that Michael J. Faust, President and Chief Executive Officer, will retire from his executive positions, effective 1 January 2022. He will continue to serve on the Company’s Board of Directors and in a consulting capacity. Mike has served on the Board of Directors since 2017.  He […]

SSR Mining Reveals Acquisition of Taiga Gold

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(SSR Mining, 2.Dec.2021) — SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) and Taiga Gold Corp. (CSE: TGC) have entered into a definitive arrangement agreement whereby SSR Mining will acquire all of the issued and outstanding common shares of Taiga Gold pursuant to a plan of arrangement at a price […]

Chevron Reveals $15bn Capital and Exploratory Budget for 2022

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(Chevron, 1.Dec.2021) — Chevron Corporation (NYSE: CVX) announced a 2022 organic capital and exploratory spending program of $15bn, at the low end of its $15bn to $17bn guidance range and up more than 20% from 2021 expected levels. This capital program supports Chevron’s objective of higher returns and lower carbon, including approximately $800mn in lower carbon […]

Freepoint Eco-Systems To Build Recycling Facility In Ohio

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(Freepoint Eco-Systems, 1.Dec.2021) — Freepoint Eco-Systems LLC plans to build an advanced recycling facility in Ohio that will convert waste plastic into feedstock for use in the production of prime-quality plastic. The Ohio facility will recycle approximately 90,000 tons per year of end-of-life plastic that would otherwise be destined for […]

ExxonMobil Reveals Plans To 2027

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(Exxon, 1.Dec.2021) — ExxonMobil has finalized corporate plans, which increase spending to $15bn on greenhouse gas emission-reduction projects over the next six years while maintaining disciplined capital investments in its industry-leading portfolio. The plans support the corporate strategy of continued structural cost savings, investment in low-cost-of-supply and lower-emission products, and […]

McDermott Completes Net Zero LNG Construction Study For Shell

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(McDermott, 29.Nov.2021) — McDermott recently completed a liquefied natural gas (LNG) construction study identifying tangible reduction pathways toward net-zero construction emissions on behalf of Shell Global Solutions International B.V. The results of this study provide a strategic framework for reducing greenhouse gas (GHG) emissions in LNG facilities during the project […]

Seadrill Limited Provides 3Q:21 Market Update

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(Seadrill, 29.Nov.2021) — Seadrill Limited (OSE: SDRL, OTCPK: SDRLF), a world leader in offshore drilling provides a market update for the third quarter of 2021. During the quarter, Seadrill continued to sign high-quality contracts contributing $145mn to backlog, reflecting the depth of its customer relationships. Total backlog as of 30 September 2021 stood at $2.1bn. […]

Shareholders From Agnico Eagle And Kirkland Lake Gold Approve Merger

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(Agnico Eagle, 26.Nov.2021) — Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) announced that at a special meeting of shareholders held earlier today, Agnico Eagle shareholders voted overwhelmingly in favor of the resolution approving the issuance of Agnico Eagle common shares in connection with the proposed merger with Kirkland Lake Gold Ltd. […]

US To Release Oil From Strategic Reserve

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(WoodMac, 24.Nov.2021) — On 23 November, US President Biden announced the release of 50 million barrels (mbbl) of crude oil from the US Strategic Petroleum Reserve (SPR).   Wood Mackenzie vice president Ann-Louise Hittle said: “Of the release, 32 mbbl is a loan for delivery by end-April next year. The […]

Talos And Freeport LNG to Develop CCS Project

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(Talos, 15.Nov.2021) — Talos Energy Inc. (NYSE: TALO) and Freeport LNG Development, L.P. executed a letter of intent to develop a carbon capture and sequestration (CCS) project, the Freeport LNG CCS project (FLNG CCS), immediately adjacent to Freeport LNG’s natural gas pretreatment facilities located near Freeport, Texas, on the Gulf […]

Reliance’s US Shale Exit Signals Refocus Intent

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(S&P Global, 11.Nov.2021) — The move by Reliance Industries to divest all its US shale assets and exit the sector signals its intention to ensure the company maintains its sharp focus on India’s domestic market, where its energy portfolio is being increasingly diversified beyond its core refining business. Analysts said […]

AiDash Launches New Intelligent Sustainability Management System

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(AiDash, 11.Nov.2021) — AiDash, a provider of satellite and AI-powered operations, maintenance and sustainability platform, today announced the launch of its Intelligent Sustainability Management System (ISMS) to help companies achieve their sustainability goals including the 10 percent biodiversity net gain by 2030. The new ISMS SaaS solution, would enable customers […]

NRGBriefs: PHX Acquires Acres In Texas And Louisiana

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(Energy Analytics Institute, 10.Nov.2021) — Energy briefs including Brazilian inflation in Oct. 2021; PHX Minerals Inc. (NYSE: PHX) announcing three mineral and royalty acquisitions targeting the Haynesville play in East Texas and Louisiana; GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) releasing results of 11 drill holes at Mololoa and the […]

Baker Hughes And Shell To Accelerate Energy Transition

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(Baker Hughes, 10.Nov.2021) — Energy technology company Baker Hughes (BKR: NYSE) and Shell Global Solutions BV signed a broad strategic collaboration agreement to accelerate the global energy transition by helping each other achieve their respective commitments for net-zero carbon emissions and advancing solutions to decarbonize energy and industrial sectors. The […]

Sempra Reports 3Q:21 Earnings

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(Sempra, 5.Nov.2021) — Sempra (NYSE: SRE) (BMV: SRE) announced third-quarter 2021 losses of $648mn, or $2.03 per diluted share, compared to third-quarter 2020 earnings of $351 million, or $1.21 per diluted share. Sempra’s third-quarter 2021 results included a $1.1bn after-tax charge associated with civil litigation related to the 2015 Aliso Canyon natural gas storage facility leak. On an adjusted […]

Summit Ridge, Osaka Gas Reach Solar Milestones

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(Summit Ridge Energy, 4.Nov.2021) — Summit Ridge Energy (SRE) announced completion of the first project in their 200 MW Maine community solar portfolio, a 6.3 MWdc array in Hermon, ME that will serve 850 households and small businesses across the state. The project, owned through SRE’s joint venture with Osaka Gas USA (OGUSA) announced in […]

Venture Global, Sinopec Ink LNG Sales Deals

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(Venture Global, 4.Nov.2021) — Venture Global LNG and China Petroleum & Chemical Corp. (Sinopec) announced signing of two 20-year Sales and Purchase Agreements (SPA) for the supply of a total of 4mn tonnes per annum (MTPA) of LNG from Venture Global’s Plaquemines LNG export facility, in Plaquemines Parish Louisiana. In addition, UNIPEC, a Sinopec subsidiary has agreed […]

Deacero Opens Headquarters In Washington, DC

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(Deacero, 3.Nov.2021) — Deacero, Mexico’s largest wire producer, opened a global trade and corporate affairs headquarters in the heart of this capital city – a first for a Mexican company – with Mexico’s ambassador to the United States and Deacero’s chief executive officer, and the president of its U.S. company welcoming a large group of guests. […]

AES Reaffirms 7%-9% Annualized Growth Target Through 2025

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(AES, 3.Nov.2021) — The AES Corporation (NYSE: AES) reported financial results for the quarter ended 30 September 2021. Strategic Accomplishments Signed 4 GW of new PPAs for renewable energy projects in year-to-date 2021, increasing the backlog to 9.2 GW Based on year-to-date 2021 progress, increasing full year 2021 target to sign renewables under long-term […]