(Amerlux, 20.Nov.2024) — Amerlux, a Delta Group company with design and manufacturing expertise in performance-grade lighting, announced it would install a 1.525 MW rooftop solar system at its global headquarters and manufacturing facility. This initiative underscores Amerlux’s commitment to achieving Net Zero Energy and leadership in sustainable lighting in the […]
Category: USA
LG Chem and ExxonMobil Ink MOU for Lithium Offtake
(Energy Analytics Institute, 20.Nov.2024) — ExxonMobil Corporation and LG Chem inked a non-binding memorandum of understanding (MOU) for a multiyear offtake agreement for up to 100,000 metric tons of lithium carbonate. ExxonMobil will source the lithium from a planned US project that will eventually supply LG Chem’s cathode plant in […]
Viridien Expands Industrial Cloud to US market
(Energy Analytics Institute, 19.Nov.2024) — Viridien launched its industrial Viridien Cloud for AI and HPC production at SuperComputing 2024 in the US. The launch expands on Viridien Cloud’s established success in Europe, and offers tailored cloud solutions and end-to-end expertise to optimize compute-intensive production workloads for US industries, Viridien said […]
Liberty Energy Comments on Chris Wright Appointment
(Liberty Energy, 18.Nov.2024) — Liberty Energy Inc. commented on the announcement by President-elect Donald J. Trump regarding his nomination of Mr. Chris Wright, Liberty’s Founder, Chairman of the Board, Director and Chief Executive Officer, for the position of U.S. Secretary of Energy. The appointment of Wright as Secretary of Energy […]
MetGen and NewEnergyBlue to Create Biochemicals Refined from Agricultural Waste
(New Energy Blue, 18.Nov.2024) — NewEnergyBlue, the clean-technology designer of biomass refineries that turn agricultural waste into highly decarbonized biofuels and biochemicals, and MetGen, the Finnish pioneer in advanced enzymes and lignin fractionization, today began integrating their renewable technologies and business units to vigorously compete with fossil-carbon products not just […]
San Juan Basin Royalty Trust Declares No Cash Distribution for Nov. 2024
(San Juan Basin Royalty Trust, 18.Nov.2024) — Argent Trust Company, as the trustee (the “Trustee”) of the San Juan Basin Royalty Trust (the “Trust”), reported that it will not declare a monthly cash distribution to the holders of its Units of beneficial interest (the “Unit Holders”) due to excess production […]
Trump Picks Oil-industry CEO Chris Wright as Energy Secretary Nominee
(Reuters, 16.Nov.2024) — President-elect Donald Trump said on Saturday that oil and gas industry executive Chris Wright, a staunch defender of fossil fuel use, would be his pick to lead the Department of Energy. Wright is the founder and CEO of Liberty Energy, an oilfield services firm based in Denver. […]
LatAm NRG matters: Mexico launches hydrocarbon sector strategy
HOUSTON, TEXAS (By Energy Analytics Institute, 15.Nov.2024, Words: 329) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 15 Nov. 2024. —Argentina: The Argentine govt changed the name of the Gasoducto Néstor Kirchner to Gasoducto Perito Moreno.
PNM Reaches Settlement in Principle in 2025 Rate Request
(Energy Analytics Institute, 15.Nov.2024) — PNM, a wholly-owned subsidiary of TXNM Energy, filed a joint notice with the New Mexico Public Regulation Commission (NMPRC) indicating several parties have reached a Settlement in Principle in PNM’s 2025 Rate Request application. In order to facilitate the completion of a comprehensive stipulation, parties filed […]
Citgo Petroleum Reports 3Q:24 Results
(Citgo, 14.Nov.2024) — Citgo Petroleum Corporation reported its 2024 third quarter financial and operational results. High throughput volume contributed to a third quarter net income of $66mn, EBITDA (1) of $281mn, and Adjusted EBITDA of $290mn compared with a net loss of $25mn, EBITDA of $162mn and Adjusted EBITDA of […]
Massive New IPO to Hoist Venture Global Into Energy Elite
(Bloomberg, 14.Nov.2024) — Venture Global LNG Inc. is poised to join the upper echelon of US energy companies that includes Occidental Petroleum Corp. and PG&E Corp. with one of the world’s biggest IPO’s of the year. The Gulf Coast natural gas exporter’s plan to file for an initial public offering […]
Pemex lays out strategic lines for 2024-2030
MEXICO CITY, MEXICO (Pemex, 13.Nov.2024, Words: 833) — During the morning conference “las mañaneras del pueblo”, held by Mexican President Dr. Claudia Sheinbaum Pardo, Petróleos Mexicanos (Pemex) CEO Víctor Rodríguez Padilla introduced the proposed strategic lines for the company for 2024-2030 term to be implemented to strengthen the institution, as […]
Coterra Reveals Accretive Permian Basin Acquisitions
(Coterra, 13.Nov.2024) — Coterra Energy Inc. has entered into two separate definitive agreements to acquire certain assets of Franklin Mountain Energy and Avant Natural Resources and its affiliates for aggregate consideration of $3.95bn, consisting of $2.95bn of cash and $1bn of Coterra common stock, issued to one of the sellers, […]
Ecopetrol Reveals 3Q:24 Results (PDF Downloads)
(Ecopetrol, 12.Nov.2024) — For the nine months of 2024 (9M24), the Ecopetrol Group has proved once again its ability to overcome challenges and turn them into opportunities through determination and resilience. Despite a defiant global environment, marked by fluctuations in international oil prices and adjustments in global supply and demand, […]
Sources Say Exxon to Sell Older Permian Assets to Hilcorp in $1bn Deal
(Reuters, 12.Nov.2024) — Top U.S. oil producer Exxon Mobil Corp. has agreed to sell conventional oil drilling assets in the Permian Basin of Texas and New Mexico to privately-owned Hilcorp Energy for around $1 billion, four sources familiar with the matter told Reuters. The deal follows a trend of U.S. oil […]
Oxy Reports 3Q:24 Results, Updates on OxyChem (PDF Downloads)
(Oxy, 12.Nov.2024) — Occidental announced net income attributable to common stockholders of $964mn, or $0.98 per diluted share and adjusted income attributable to common stockholders of $977mn, or $1.00 per diluted share for the third quarter of 2024. “Strong operational performance across all segments has resulted in our highest quarterly […]
Cheniere Publishes Updated Peer-Reviewed LNG Life Cycle Assessment
(Cheniere, 12.Nov.2024) — Cheniere Energy, Inc. announced the publication of an updated life cycle assessment (LCA) study for greenhouse gas (GHG) emissions intensities of the company’s liquefied natural gas (LNG). This peer-reviewed study includes a novel gas-pathing algorithm that further improves the modeling of GHG emissions across Cheniere’s supply chain, […]
Nuvve Provides 3Q:24 Financial Update
(Nuvve Holding Corp., 12.Nov.2024) — Nuvve Holding Corp., a green energy technology company that provides a globally-available, commercial vehicle-to-grid (V2G) technology platform that enables electric vehicle (EV) batteries to store and resell unused energy back to the local electric grid and provides other grid services, today provided a third quarter 2024 […]
Noble Announces Major Shareholder Notification
(Energy Analytics Institute, 11.Nov.2024) — Pursuant to Section 30 of the Danish Capital Markets Act, Noble Corporation plc announced receipt of a major shareholder notification from First Eagle Investments Management, LLC. First Eagle notified Noble on 8 Nov. 2024 that, as of 5 Nov. 2024, the First Eagle holdings of shares […]
LatAm NRG Matters: Highlights, Heard for the Week Ended 8 Nov. 2024
(Energy Analytics Institute, 8.Nov.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 8 Nov. 2024. —Argentina: YPF execs. met in Buenos Aires w/ the Chancellor of Hungry to discuss the Argentina LNG project. —Ecuador: Ecuador is looking to acquire 195MW from private cos. in […]
Flex LNG Secures TC Extension for Flex Courageous and Flex Resolute
(Flex LNG, 7.Nov.2024) — Flex LNG Ltd agreed with the Charterer of Flex Courageous and Flex Resolute, a Supermajor, to amend the existing Time Charter Agreements (“TC”) for the two LNG carriers where the parties have agreed a new firm period from 2029 to 2032 which may be extended by […]
![Adaptation Gap Report 2024 [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2024/11/come-hell-high-water-source-unep.png)
Adaptation Gap Report 2024 [PDF Download]
(UNEP, 7.Nov.2024) — As climate impacts intensify and hit the world’s poorest, The Adaptation Gap Report 2024: Come hell and high water finds that nations must dramatically increase climate adaptation efforts, starting with a commitment to act on finance. The report finds that progress in adaptation financing is not fast enough […]
Energy Transfer Reveals 3Q:24 Results, Updates on Ammonia Hub (PDF Downloads)
(Energy Transfer, 6.Nov.2024) — Energy Transfer LP revealed its third-quarter 2024 results including details related to development of a large-scale LNG export facility at existing Lake Charles LNG regasification terminal as well as a ammonia hub concept at Lake Charles, LA and Nederland, TX that would provide infrastructure services to […]
APA Corp. Reveals 3Q:24, Comments on Suriname, Permian
(APA, 6.Nov.2024) — APA Corporation announced its financial and operational results for the third quarter of 2024. Key Takeaways APA reported a loss attributable to common stock of $223mn or $0.60 per diluted share, which was primarily driven by non-cash impairments of assets in the U.K. and assets held for […]
Sempra Says ECA LNG Progressing, to Start in Spring 2026
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 6.Nov.2024) — Sempra Infrastructure and its Mexican subsidiary, Infraestructura Energética Nova (IEnova), continue to move forward with Energía Costa Azul (ECA) LNG Phase 1. Sempra Infrastructure said that construction at ECA LNG Phase 1 has progressed, and commercial operations are still slated […]
Bristow and Leonardo Finalize Agreements for AW139 and AW189 Helicopters
(Bristow, 6.Nov.2024) — Bristow Group Inc. and Leonardo finalized a series of long-term agreements that will enhance global fleet support and training for the AW139 and AW189 helicopters, extending into the next decade. These agreements reinforce the strong relationship between the two companies and provides continued support for operations in […]
Sempra Sees Completion of Rosarito Expansion Pipeline in 4Q:24
(Energy Analytics Institute, 6.Nov.2024) — Sempra Infrastructure said the long-awaited Gasoducto Rosarito Expansion Pipeline (GRO by its Spanish acronym) is expected to reach commercial operations in the fourth-quarter 2024 (4Q:24). GRO will support natural gas supply to Energía Costa Azul (ECA) LNG Phase 1, Sempra announced 6 Nov. 2024 in […]
Sempra Reports 3Q:24 Results (PDF Download)
(Sempra, 6.Nov.2024) — Sempra reported third-quarter 2024 earnings, prepared in accordance with generally accepted accounting principles (GAAP), of $638mn, or $1 per diluted share, compared to third-quarter 2023 GAAP earnings of $721mn, or $1.14 per diluted share. On an adjusted basis, the company’s third-quarter 2024 earnings were $566mn, or $0.89 […]
Marathon Oil Reports 3Q:24 Results
(Marathon, 6.Nov.2024) — Marathon Oil Corporation reported third-quarter 2024 (3Q:24) net income of $287mn or $0.51 per diluted share, which includes the impact of certain items not typically represented in analysts’ earnings estimates and that would otherwise affect comparability of results. Adjusted net income was $360mn or $0.64 per diluted […]
Borr Drilling Reveals 3Q:24 Results
(Borr Drilling, 6.Nov.2024) — Borr Drilling Limited announced unaudited results for the three and nine months ended 30 Sep. 2024. Highlights CEO, Patrick Schorn commented: “The operational performance in the third quarter was solid, with a technical utilization rate of 98.7% and an economic utilization rate of 96.9%. As expected, […]
SSR Releases 3Q:24 Results, Updates on Çöpler Incident
(SSR Mining, 6.Nov.2024) — SSR Mining Inc. reported financial results for the third-quarter 2024 (3Q:24), as well as an update on the 13 Feb. 2024 incident at the Çöpler mine. Following the Çöpler Incident, the company focused on four key priorities: (1) the recovery of our missing colleagues; (2) containment […]
EAI commentary: Mexico and Canada aim to step up LNG efforts
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 5.Nov.2024, Words: 750) — It’s another landmark moment for North American energy. That is, after Mexico shipped its madden LNG cargo this summer from a facility in Altamira, Mexico off the Atlantic coast. That shipment officially propelling the Latin American country into […]
Noble Seeks Value after Diamond Deal, CEO Says
(Noble, 5.Nov.2024) — Noble Corporation plc, which closed the Diamond Offshore Drilling, Inc. acquisition on 4 Sep. 2024, is now looking to capture value, the company’s president and CEO Robert W. Eifler said. “We are excited to have closed on the Diamond acquisition during the third quarter, enabling us to start […]
Noble Reports 3Q:24 Results, Updates on Diamond (PDF Download)
(Noble, 5.Nov.2024) — Noble Corporation plc reported third-quarter 2024 (3Q:24) results. The company also announced an increased capital return program with additional share repurchase authorization of $400mn, and provided revenue, adjusted EBITDA and capital additions guidance for the 4Q:24 along with other details. ____________________
Nauticus Robotics Completes US GOM Survey Work for Shell
(Energy Analytics Institute, 5.Nov.2024) — Nauticus Robotics, Inc., which offers subsea robotics and software, successfully completed its initial 2024 Gulf of Mexico (GOM) survey scope for Shell plc‘s subsidiary Shell Exploration and Production, Inc. Successful completion of this work combined with the submission of a final report completes the initial […]
Midstreamer Bucks the Haynesville Slump
(East Daley, 5.Nov.2024) — Haynesville production has fallen over 3 Bcf/d so far in 2024 in a weak natural gas market, dragging volumes down on many of the largest gathering systems. But DT Midstream (DTM) so far has resisted the Haynesville slump and is looking ahead to a new expansion […]
Eni Completes Divestment of Assets in Alaska to Hilcorp
(Energy Analytics Institute, 4.Nov.2024) — Italy’s Eni closed the sale to Hilcorp of 100% of the Nikaitchuq and Oooguruk assets owned in Alaska for a value of $1bn. The deal received the approval of all relevant authorities, and is in line with Eni’s strategy focused on the rationalization of the […]
Phillips 66 Nears Non-Core $3bn Asset Divestment Target
(Energy Analytics Institute, 4.Nov.2024) — Phillips 66 is very close to achieving its $3bn non-core asset divestment target, the company said in its most recent investor update. Phillips 66 has achieved $2.7bn of the target, the company announced in its Nov. 2024 investor update presentation on its website. The deal […]
Alterra, Neste and Technip Offer Solutions to Build Chemical Recycling Plants
(Alterra, 4.Nov.2024) — Alterra, Neste and Technip Energies have signed a collaboration agreement to advance the circularity of plastics by providing the industry a standardized technology solution for chemical recycling, also referred to as “advanced recycling”. The partners aim to globally offer a standardized modular solution, based on Alterra’s proprietary […]
Diamondback Reports 3Q:24 Results, Updates on Endeavor Deal
(Diamondback, 4.Nov.2024) — Diamondback Energy, Inc. announced financial and operating results for the third-quarter 2024 (3Q:24). THIRD QUARTER 2024 HIGHLIGHTS TRP ENERGY TRADE ____________________
Texas LNG Selects Kiewit as EPC Contractor for 4 MTPA Brownsville Facility
(Pietro D. Pitts, Energy Analytics Institute, 4.Nov.2024) — Texas LNG Brownsville LLC subsidiary of Glenfarne Energy Transition, LLC selected Kiewit, through its subsidiaries Kiewit Engineering Group Inc. and Kiewit Energy Group Inc., to lead the engineering, procurement, and construction (EPC) of the proposed Texas LNG 4 million tonnes per annum […]
![“LatAmNRG matters” podcast: George Baker on Mexico LNG last mile issues [audio]](https://energy-analytics-institute.org/wp-content/uploads/2022/03/zacatecas-foto-mexico.jpg)
“LatAmNRG matters” podcast: George Baker on Mexico LNG last mile issues [audio]
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 4.Nov.2024, Words: 282) — Baker & Associates head George Baker, who published Mexico Energy Intelligence, spoke with Pietro D. Pitts—for his Podcast “LatAmNRG Matters”—about Mexico, Petróleos Mexicanos (Pemex), the Comisión Federal de Electricidad (CFE), the “Zama Drama,” Carlos Slim, and Andrés Manuel […]
enCore Reveals 5 Year Uranium Contracting Strategy Outlook
(enCore Energy, 4.Nov.2024) — enCore Energy Corp., a uranium producer, revealed the company’s contracting strategy and 5 year forward outlook regarding its uranium sales agreements. As of 31 Oct. 2024, the company has executed seven (7) contracts to supply uranium to nuclear power plants in the US and holds one […]
MDU Resources Completes Spinoff of Everus
(Energy Analytics Institute, 1.Nov.2024) — MDU Resources Group, Inc. successfully completed the spinoff of its construction services subsidiary, Everus Construction Group. As a result of the spin-off, Everus is now an independent public company, MDU announced 1 Nov. 2024 in an official statement. “The successful spinoff of Everus within two […]
LatAm NRG matters: highlights, heard from Pampa Energia to Ecopetrol and Petrobras
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 1.Nov.2024, Words: 489) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 1 Nov. 2024. —Argentina: Citigroup downgraded Pampa Energia to neutral from buy, adjusted its price target to $75/shr v $58/shr; Citigroup also upgraded YPF to buy […]
Exxon Eyes First Golden Pass LNG Cargo in Late-2025, Woods Says
(Energy Analytics Institute, 1.Nov.2024) — ExxonMobil Corporation, which is partnered with QatarEnergy in the three-train 18 million tonnes per annum (mtpa) Golden Pass LNG project, eyes the ship off of the initial LNG cargo from the project in late 2025, Darren Woods, the chairman and CEO of the Texas-based company […]
Chevron Eyes More Non-core Asset Divestments, Wirth Says
(Energy Analytics Institute, 1.Nov.2024) — California-based Chevron Corporation plans to continue to divest non-core assets as part of its ongoing portfolio optimization efforts. This, as the Federal Trade Commission (FTC) completed its review of Chevron’s merger with New York City-based Hess Corporation, and as the company recently announced several other […]
ExxonMobil Reports 3Q:24 Earnings of $8.6bn (PDF Downloads)
(ExxonMobil, 1.Nov.2024) — Exxon Mobil Corporation announced third-quarter 2024 earnings of $8.6bn, or $1.92 per share assuming dilution. Cash flow from operating activities was $17.6bn and free cash flow was $11.3bn. Capital and exploration expenditures were $7.2bn in the third quarter, bringing year-to-date 2024 expenditures to $20bn, in line with […]
Chevron Reports 3Q:24 Details, Updates on Hess Merger (PDF Downloads)
(Chevron, 1.Nov.2024) — Chevron Corporation reported earnings of $4.5bn ($2.48 per share – diluted) for third quarter 2024, compared with $6.5bn ($3.48 per share – diluted) in third quarter 2023. Foreign currency effects decreased earnings by $44mn. Adjusted earnings of $4.5bn ($2.51 per share – diluted) in third quarter 2024 […]
Enbridge Eyes Final Phase of Squirrel Solar Project
(Energy Analytics Institute, 1.Nov.2024) — Enbridge Inc. will fund US$168mn towards the third and final phase of the Fox Squirrel Solar project in Ohio, which is expected to enter service in late 2024 and generate 177MW of renewable power, Enbridge said 1 Nov. 2024 in its third-quarter 2024 (3Q:24) financial […]