(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 […]
Category: North America
North America energy
Houston-based Citgo Reports 3Q:21 Results
(Citgo, 15.Nov.2021) — Citgo Petroleum Corporation reported its third quarter 2021 financial results, including a net loss of $4mn, compared to net income of $3mn for the second quarter. Marking the company’s second consecutive quarter of positive EBITDA1 after three straight quarters of negative EBITDA, EBITDA in the third quarter […]
Talos And Freeport LNG to Develop CCS Project
(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 […]
NRGBriefs: Great Panther Closes Offering
(Energy Analytics Institute, 12.Nov.2021) — Energy briefs including Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) closing a previously announced public underwritten offering of 88,461,538 common shrs; PHX Minerals Inc.’s (NYSE: PHX) planning to release results for its fiscal 2021 year ended 30 Sep. 2021; and New Gold Inc. (TSX: NGD) […]
Reliance’s US Shale Exit Signals Refocus Intent
(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
(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
(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
(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 […]
NRGBriefs: YPF Class D Director Resigns
(Energy Analytics Institute, 9.Nov.2021) — Energy briefs including YPF’s BODs accepting the resignation of Ms. Elizabeth Dolores Bobadilla, as director for Class D shares; Avino Silver & Gold Mines Ltd. entering into a definitive deal with Coeur to acquire the La Preciosa silver project in Mexico; and more. LATIN AMERICA […]
Sempra Reports 3Q:21 Earnings
(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 […]
NRGBriefs: Ecopetrol Conf. Call
(Energy Analytics Institute, 4.Nov.2021) — Energy briefs including plans by Ecopetrol S.A. to host its 3Q:21 conf. call; Venture Global LNG and China Petroleum & Chemical Corp. (Sinopec) inking two 20yr sales and purchase agreements to supply 4 mt/a of LNG from Venture Global’s Plaquemines LNG export facility; and more LATIN AMERICA […]
Summit Ridge, Osaka Gas Reach Solar Milestones
(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
(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
(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. […]
Sempra Infrastructure Shares Key Executive Appointments
(Sempra, 3.Nov.2021) — Sempra Infrastructure announced key executive leadership appointments following the consolidation of Sempra LNG and Infraestructura Energética Nova S.A.P.I. de C.V. (IEnova) with a view towards creating a larger platform to capture new opportunities that support the clean energy transition and invest in the energy systems of the […]
AES Reaffirms 7%-9% Annualized Growth Target Through 2025
(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 […]
NRGBriefs: Shell And YPF Eye Bajada De Añelo Investment
(Energy Analytics Institute, 3.Nov.2021) — Energy briefs including Shell Argentina and YPF looking to commence development of the Bajada de Añelo area w/ an anticipated investment of around $300mn; Ecuador’s oil production struggles to reach the 500,000 b/d range; Frontera Energy‘s plans to host its 3Q:21 conf. call; and more. […]
US, EU, And Partners Launch Global Methane Pledge
(US Department of State, 2.Nov.2021) — Today, the United States, the European Union, and partners formally launched the Global Methane Pledge, an initiative to reduce global methane emissions to keep the goal of limiting warming to 1.5 degrees Celsius within reach. A total of over 100 countries representing 70% of the […]
NRGBriefs: Argentina’s Vaca Muerta-San Jerónimo Pipeline
(Energy Analytics Institute, 1.Nov.2021) — Energy briefs including YPF’s President Pablo González saying the national government would be revealing details “within a few days” regarding a new gas pipeline project that would transport production from the Vaca Muerta formation to San Jerónimo and potentially on to Brazil; details of around […]
NRGBriefs: Hess Says Liza Phase 2 On Track
(Energy Analytics Institute, 28.Oct.2021) — Energy briefs including Hess Corp. confirming that production from its Liza Phase 2 development in Guyana is on track to startup in early 2022; Avino Silver & Gold Mines Ltd. entering into a share purchase agreement to indirectly acquire through the purchase of the shares […]
TechnipFMC and Saipem to Unlock New Opportunities
(TechnipFMC, 27.Oct.2021) — TechnipFMC (NYSE: FTI) (PARIS: FTI) and Saipem (MILAN: SPM) entered into a global commercial agreement that will allow them to identify projects worldwide that could be jointly executed for the benefit of clients. The commercial agreement will pursue specific Subsea Umbilicals, Risers and Flowlines (SURF) projects where […]
Alaska Air And AeroAvia to Develop Hydrogen Aircraft
(ZeroAvia, 26.Oct.2021) — ZeroAvia is gaining altitude as the leader in zero-emission passenger aircraft as it announces a development collaboration with Alaska Air Group, the parent company of Alaska Airlines, for a hydrogen-electric powertrain capable of flying 76-seat regional aircraft in excess of 500 NM. Alaska is also joining the list of top investors for […]
Exxon Backs The Global Methane Pledge
(Exxon, 26.Oct.2021) — In September, the U.S. and European Union announced a Global Methane Pledge to reduce methane emissions by 30% below 2020 levels by 2030. More than 30 nations have now joined the Pledge, and more could be announced at the upcoming COP26 climate summit in Glasgow, Scotland. ExxonMobil […]
![NRGBriefs: Venezuelan Production Goals [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/04/PDVSA_1_t640x360-latamnrg.jpg)
NRGBriefs: Venezuelan Production Goals [PDF Download]
(Energy Analytics Institute, 25.Oct.2021) — Energy briefs including Venezuela’s near-term oil production goals; Petrobras’ plans to host two 3Q:21 webcasts using Microsoft Teams; B2Gold Corp. entering into a binding agreement w/ West African Resources Limited; and more. LATIN AMERICA AND THE CARIBBEAN Brazil — On 29 Oct. 2021 Petobras will […]
NRGBriefs: Colombia Eyes Net-zero Deforestation By 2030
(Energy Analytics Institute, 22.Oct.2021) — Energy briefs including Corporación Nacional del Cobre de Chile (Codelco) announcing final results of a previously announced offer to purchase for cash outstanding notes due in 2023, 2024, and 2025; Colombia aiming to achieve net-zero deforestation by 2030 and carbon neutrality by 2050; Frontera Energy […]
Citgo Boards In Last-ditch Talks With Washington
(Reuters, 22.Oct.2021) — The supervisory boards of Venezuela-owned Citgo Petroleum, racing to stave off a breakup of the eighth largest U.S. oil refiner, have held talks with U.S. officials in Bogota, Colombia, seeking to extend Washington’s protection while Citgo pursues negotiations with creditors, Reuters has learned. Citgo is running out […]
NextEra Energy Buys Interest In 2,520MW Portfolio
(NextEra Energy Partners, 22.Oct.2021) — NextEra Energy Partners, LP (NYSE: NEP) entered into an agreement with a subsidiary of NextEra Energy Resources, LLC to acquire a 50% interest in an approximately 2,520-megawatt (MW) renewables portfolio. In conjunction with the acquisition, NextEra Energy Partners has also entered into an approximately $824mn […]
KBR Reveals Settlement Deal Between JKC And Ichthys LNG Client
(KBR, 15.Oct.2021) — KBR (NYSE: KBR) announced that JKC Australia LNG Pty Ltd, a joint venture in which KBR has a 30% ownership interest, has entered into a binding settlement agreement that resolves outstanding claims and disputes between JKC and its client, ICHTHYS LNG PTY, Ltd (collectively, “the Parties”). “We […]
NRGBriefs: Renewable Energy Ops In The Caribbean
(Energy Analytics Institute, 15.Oct.2021) — Energy briefs including details of four renewable energy-exporting opportunities in the Caribbean in Barbados, Jamaica, Trinidad and Tobago and Guyana; TotalEnergies extending the contract for the Maersk Voyager in Angola for Ondjaba-1; and more. EVENTS — The Caribbean Renewable Energy Forum 2021 takes place from […]
MSCI Upgrades Hess To AAA In ESG Rating Assessment
(Hess, 11.Oct.2021) — Hess Corporation (NYSE: HES) received a AAA rating in the MSCI environmental, social and governance (ESG) ratings for 2021 after earning AA ratings from MSCI ESG for 10 consecutive years. The AAA rating designates Hess as a leader in managing industry specific ESG risks relative to peers. […]
NRGBriefs: Suriname’s Oil Finds
(Energy Analytics Institute, 8.Oct.2021) — Energy briefs including Blue Sky Uranium Corp.’s plans to implement a warrant exercise incentive program; Occidental revealing the date for its 3Q:21 conf. call; and more. LATIN AMERICA AND CARIBBEAN Argentina — SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) will release its 3Q:21 […]
NRGBriefs: Blinken Visits Lopez Obrador In CDMX
(Energy Analytics Institute, 8.Oct.2021) — Energy briefs including US secretary of state Antony Blinken visiting Mexico City for the US-Mexico high-level security dialogue; Petrobras planning to boost petrol and cooking gas prices; Great Panther Mining Limited reporting production results in Brazil and Mexico; and more. LATIN AMERICA AND CARIBBEAN Brazil […]
California Lawmakers Aim To Ban Offshore Drilling
(Reuters, 6.Oct.2021) — Democratic members of Congress from California seized on the oil spill off the state’s coast to promote federal legislation to ban all offshore oil drilling, as investigators searched for what caused the pipeline to burst. About 3,000 barrels (126,000 gallons) of crude oil spilled into the Pacific […]
Biden Stole Trump’s Foreign Policy
(New York Times, 6.Oct.2021) — When President Donald Trump in 2020 signed a trade deal with China after years of escalatory tariffs, then-presidential candidate Joe Biden blasted the agreement. ‘China is the big winner of Trump’s “phase-one” trade deal with Beijing,’ Biden said after the agreement was finalized. He wasn’t alone. Many trade experts […]
Algonquin Sets Net-Zero Goals
(Algonquin Power & Utilities Corp., 5.Oct.2021) — Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) announced its commitment to a net-zero by 2050 target. This target is rooted in Algonquin’s purpose of sustaining energy and water for life and is a reflection of the company’s track record of being a […]
Petrobras Releases Teaser For GOM E&P Assets
(Petrobras, 4.Oct.2021) — Petrobras started the opportunity disclosure stage (teaser), regarding the sale of the entire 20% stake held by its subsidiary Petrobras America Inc. (PAI) in the company MP Gulf of Mexico, LLC. (MPGoM), located in Texas, USA, which owns offshore fields in the Gulf of Mexico. The teaser, […]
Select Energy Closes Acquisition Of Agua Libre Midstream
(Select Energy, 4.Oct.2021) — Select Energy Services, Inc. (NYSE: WTTR) announced that, effective 1 October 2021, it has successfully closed on the acquisition of substantially all of the assets of Agua Libre Midstream, LLC and certain water-related assets and operations of Basic Energy Services, L.P. and assumed liabilities in connection […]
NRGBriefs: Trinidad Missing Out On European Gas Crisis
(Energy Analytics Institute, 3.Oct.2021) — Energy briefs including SSR Mining Inc. setting the date for 3Q:21 quarterly call; Trinidad and Tobago’s Finance Minister Colm Imbert readies national budget presentation; Trinidad and Tobago struggling to boost LNG exports amid European gas crisis; talks set to resume again on 15 Oct. 2021 […]
Nucor Affiliates Reveal Two Acquisitions
(Nucor, 1.Oct.2021) — Nucor Corporation (NYSE: NUE) announced two acquisitions today on behalf of The David J. Joseph Company (DJJ). The addition of these new recycling locations, representing a 10% growth in capacity, is consistent with Nucor’s growth strategy and demonstrates our commitment to expanding the regional recycling platforms supporting […]
Eve And Bristow Order Up To 100 eVTOLs
(Bristow, 23.Sep.2021) — Eve Urban Air Mobility, LLC, an Embraer company, and Bristow Group Inc. (NYSE: VTOL) announced a Memorandum of Understanding to work together to develop an Air Operator’s Certificate (AOC) for Eve’s electric vertical takeoff and landing (eVTOL) aircraft. The partnership will develop an Urban Air Mobility (UAM) […]
NRGBriefs: ANP Resolution, Ramirez Extradition Request
(Energy Analytics Institute, 23.Sep.2021) — Energy briefs from the LAC region including: Brazil’s ANP approving a resolution to regulate a reduction in royalties, a court in Rome rejects Nicolas Maduro’s request to extradite former PDVSA head Rafael Ramirez, and the BODs of APA Corp. declaring a regular cash dividend. LATIN […]
ConocoPhillips Steps Up Push To Collect PdV Debt
(Argus, 23.Sep.2021) — ConocoPhillips stands out in Venezuela’s vast universe of jilted creditors and claimants as a potential future commercial partner for state-owned PdV, a distinction that is driving aggressive international enforcement actions and quiet overtures for Caracas to resume payments of the company’s arbitration debt. The US independent’s $10bn […]
Vertical And Bristow Team Up To Electrify Helicopter Market
(Bristow, 21.Sep.2021) — Bristow Group Inc. (NYSE: VTOL) and Vertical Aerospace Group Ltd announced a Memorandum of Understanding (MOU) under which the two firms will cooperate on the certification, operational planning and potential purchase of up to 50 eVTOL aircraft. Bristow’s pre-order of 25 aircraft, along with the option for […]
Joint US-EU Global Methane Pledge
(White House, 18.Sep.2021) — The United States and European Union announced today the Global Methane Pledge, an initiative to reduce global methane emissions to be launched at the UN Climate Change Conference (COP 26) in November in Glasgow. President Biden and European Commission President Ursula von der Leyen urged countries […]
US To Consider Citgo Shares Sale Next Year
(Bloomberg, 15.Sep.2021) — The U.S. will consider authorizing the sale of Citgo Petroleum Corp. shares early next year, after the mandate of the Venezuela opposition government ends, according to a court document. The U.S. Treasury said it may reasses the sale of shares of Citgo’s parent company, PDV Holding Inc., […]
LatAm Briefs: Argentina Lithium Acquisition, Citgo Challenges
(Energy Analytics Institute, 13.Sep.2021) — Energy briefs from the Latin America and Caribbean region including: Argentina Lithium & Energy Corp. acquiring high quality lithium projects, Citgo Petroleum executives warning of threats from biofuels amid the energy transition, and much more. LATIN AMERICA AND CARIBBEAN Argentina — The Center for International […]
McDermott’s Amazon Tapped For Deepwater GOM Development
(McDermott, 13.Sep.2021) — McDermott‘s Amazon vessel, following a sophisticated upgrade to its ultra-deepwater capabilities, is coming to the Gulf of Mexico to support a subsea contract for the Whale Development in Alaminos Canyon. “This contract, which will take place in a water depth of more than 9,000 feet, is a […]
Creedence Recapitalizes Magna Energy
(Creedence, 13.Sep.2021) — Creedence Energy Services, a portfolio company of Tower Arch Capital, recapitalized Magna Energy Services, LLC in partnership with its CEO, Adam Kelly. Founded in 2006, Magna Energy Services is headquartered near Farmington, NM and led by Adam Kelly. Magna provides a comprehensive suite of production chemicals to […]
Agnico Eagle Prices Private Placement At $0.45/unit
(Agnico Eagle, 1.Sep.2021) — Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) agreed to subscribe for 13,333,333 units of Candelaria Mining Corp. (TSX-V: CAND) in a non-brokered private placement at a price of $0.45 per unit for total consideration of approximately $6,000,000 Canadian dollars. Each Unit is comprised of one […]
Hess Reveals Regular Quarterly Dividend On Common Stock
(Energy Analytics Institute, 1.Sep.2021) — The Board of Directors of US-based Hess Corporation (NYSE: HES) declared a regular quarterly dividend of $0.25 per share payable on the company’s common stock on 30 September 2021 to holders of record at the close of business on 15 September, the company announced in […]