Category: USA

Tailwater E&P Buys Non-Operated Permian Basin Assets

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(Energy Analytics Institute, 1.Nov.2024) — Tailwater Capital LLC acquired a significant, off-market non-operated working interest asset package in the Permian Basin from Accelerate Resources Operating LLC.  The acquisition further solidifies position of Tailwater E&P LLC as an key investor in high-quality, energy-producing assets in the lower 48, Dallas-based Tailwater said […]

Enbridge Reports 3Q:24 Results, Updates on Kaskida (PDF Downloads)

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(Enbridge, 1.Nov.2024) — Enbridge Inc. reported third quarter 2024 (3Q:24) financial results, provided a quarterly business update, and reaffirmed its 2024 financial guidance and outlook. Highlights CEO COMMENT Greg Ebel, President and CEO commented the following: “This quarter, we concluded the successful acquisition of the three U.S. natural gas utilities […]

Commonwealth LNG and Kimmeridge Commit to Natural Gas Certification 

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(Kimmeridge, 1.Nov.2024) — Kimmeridge-backed Commonwealth LNG and Kimmeridge Texas Gas (KTG) announced a commitment to obtain independent certification of their natural gas operations under the protocols developed by MiQ. The initiative supports Kimmeridge’s innovative ability to deliver a “wellhead-to-water” net zero cargo for Scope 1 and 2 greenhouse gas emissions […]

PRM Acquires LMS Manufacturing, LLC

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(Energy Analytics Institute, 1.Nov.2024) — Product Recovery Management, Inc. (PRM)—a manufacturer of environmental treatment equipment, focusing on the environmental remediation and landfill gas markets—acquired Marianna, Florida-based LMS Manufacturing and Metal Fabrication. PRM announced the deal 1 Nov. 2024 in an official statement but did not provide any financial details. PRM’s acquisition […]

Commonwealth LNG Launches Initiatives in SW Louisiana

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(Commonwealth, 1.Nov.2024) — Commonwealth LNG, a Kimmeridge portfolio company, announced a comprehensive package of community support initiatives for Cameron Parish, Louisiana, the future site of Commonwealth’s LNG export terminal, which is anticipated to begin construction in the first half of 2025. Commonwealth’s community investments will focus on providing critical healthcare […]

C3E Recognizes Nine Leaders for Outstanding Achievements

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(C3E Initiative, 1.Nov.2024) — The Clean Energy Education & Empowerment (C3E) Initiative has announced the winners of the 2024 C3E Awards, honoring nine women for outstanding leadership and accomplishments in clean energy. The C3E Initiative aims to close the gender gap and increase the participation, leadership, and success of women in clean […]

Coterra Reports 3Q:24 Results, Declares Dividend (PDF Download)

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(Coterra, 31.Oct.2024) — Coterra Energy Inc. reported third-quarter 2024 financial and operating results and declared a quarterly dividend of $0.21 per share.  “Coterra continues to exceed its 2024 plan and has strong momentum with significant optionality heading into 2025. Our teams continue to deliver strong and improving capital efficiency through […]

ConocoPhillips to close Marathon deal in 4Q:24

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HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Oct.2024, Words: 310) — ConocoPhillips anticipates closing the planned acquisition of Marathon Oil in the fourth-quarter 2024 (4Q:24). The Houston-based company also expects to exceed an initial synergy guidance of $500mn. “We’re still on track to close this quarter. In the meantime, integration […]

ConocoPhillips Reports 3Q:24 Results, Updates on Marathon

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(ConocoPhillips, 31.Oct.2024) — ConocoPhillips reported third-quarter 2024 earnings of $2.1bn, or $1.76 per share, compared with third-quarter 2023 earnings of $2.8bn, or $2.32 per share. Excluding special items, third-quarter 2024 adjusted earnings were $2.1bn, or $1.78 per share, compared with third-quarter 2023 adjusted earnings of $2.6bn, or $2.16 per share. […]

Expand Energy Reveals 2025 Capex Plan, Comments on Chesapeake

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(Expand Energy, 31.Oct.2024) — Expand Energy Corporation reported third-quarter 2024 financial and operating results. In addition, the company provided its preliminary 2025 capital and operating plan and announced details regarding its enhanced capital return framework. On 1 Oct. 2024, Expand Energy announced the completion of the previously disclosed merger between […]

SM Energy Reports 3Q:24 Results (PDF Download)

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(SM Energy, 31.Oct.2024) — SM Energy Company reported operating and financial results for the third quarter 2024 (3Q:24) and provided certain full year and fourth quarter 2024 guidance. Excellent operational execution drove strong third quarter results including: ____________________

Baker Hughes Launches Advanced Oxygen Analyzer

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(Baker Hughes, 31.Oct.2024) — Baker Hughes launched the XMO2pro, a new and advanced oxygen analyzer designed to ensure greater levels of stability, accuracy and reliability.  Oxygen gas analysis is key to safety, efficiency and control in industrial and energy processes – the presence of oxygen can cause corrosion and, when […]

COP Reports 3Q:24 Results, Boosts Quarterly Dividend (PDF Downloads)

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(ConocoPhillips, 31.Oct.2024) — ConocoPhillips reported third-quarter 2024 earnings of $2.1bn, or $1.76 per share, compared with third-quarter 2023 earnings of $2.8bn, or $2.32 per share. Excluding special items, third-quarter 2024 adjusted earnings were $2.1bn, or $1.78 per share, compared with third-quarter 2023 adjusted earnings of $2.6bn, or $2.16 per share. […]

Woodside and Tokyo Gas in Discussions Over Stake in US LNG Project

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(Reuters, 31.Oct.2024) — Tokyo Gas is in talks with Woodside Energy over taking a stake in a multi-billion-dollar Louisiana liquefied natural gas (LNG) export project, according to two people familiar with the discussions. Woodside, an Australian oil and gas producer, this month closed on a $1.2 billion buy of developer […]

Marathon Oil Cuts 500 Houston Jobs

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(Bloomberg, 30.Oct.2024) — Marathon Oil Corp. warned of a “mass layoff” involving more than 500 employees at its Houston headquarters as part of the $17 billion takeover by ConocoPhillips, according to state filings. The affected workers “may reasonably expect to experience a permanent loss of employment during the 12-month period” […]

Cheniere Reports 3Q:24 Results, Updates on Dividend (PDF Downloads)

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(Cheniere, 30.Oct.2024) — Cheniere Energy, Inc. announced its financial results for the third quarter 2024 as well as details around producing and loading its 1,000th LNG cargo, its dividend, comprehensive capital allocation plan, voluntary, measurement-informed Scope 1 methane emissions intensity target for its liquefaction facilities. ____________________

Cheniere Sets Methane Emissions Intensity Target for its Liquefaction Assets

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(Cheniere, 30.Oct.2024) — Cheniere Energy, Inc. has set a voluntary, measurement-informed Scope 1 annual methane intensity target for its liquefaction facilities. The Scope 1 methane target builds upon the Company’s robust climate strategy and leverages data from its multi-scale emissions measurement and mitigation programs. The methane target is consistent with […]

Canada’s Renewable Diesel Projects hit by US Import Surge

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(Reuters, 29.Oct.2024) — Canadian renewable fuel producers are facing lower returns on new facilities due to a slump in British Columbia’s low carbon fuel standard (LCFS) credit market, a trend expected to persist amid a flood of exports from the United States. Weakness in British Columbia’s LCFS credit market reflects […]

EQT Divests Remaining Non-Operated Assets to Equinor

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(Energy Analytics Institute, 29.Oct.2024) — EQT Corporation has entered into an agreement with Equinor USA Onshore Properties Inc. and Equinor Natural Gas LLC to sell its remaining interest in its non-operated natural gas assets in Northeast Pennsylvania. Production from the assets is expected to be around 350 MMcf/d net in […]

Chevron CEO Mike Wirth Visits Anchor Platform (Video)

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(Chevron, 29.Oct.2024) — Chevron Corporation Chairman and CEO, together with CNBC, flew out to the U.S. Gulf of Mexico to visit the Anchor Platform to film a segment on Squawk on the Street and a full episode of Mad Money were broadcast live on October 24.  ____________________

FACTSHEET: Chevron’s Anchor Platform

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(Energy Analytics Institute, 29.Oct.2024) — Chevron Corporation revealed some key takeaways about its Anchor platform in the US Gulf of Mexico. Those takeaways include the following, Chevron said 29 Oct. 2024 in an official statement: — The resource potential at the platform is estimated to be up to 440 MMboe, — […]

Equinor to Pay $1.25bn for EQT Interest in Northern Marcellus

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(Energy Analytics Institute, 29.Oct.2024) — Equinor inked an agreement with EQT Corporation to acquire additional non-operated interest in the Northern Marcellus formation in the US. Equinor will pay $1.25bn to EQT in the transaction. Per the agreement, Equinor is acquiring 100% of EQT’s remaining working interest in Northern Marcellus gas […]

Expand to Running 12 Rigs, to Drop 2 in 1Q:25 (PDF Downloads)

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(Energy Analytics Institute, 29.Oct.2024) — Expand Energy Corporation is currently running 12 rigs (8 in Haynesville, 2 in Northeast Appalachia, and 2 in Southwest Appalachia) as well as 6 completion crews (3 in Haynesville, 2 in Northeast Appalachia, and 1 in Southwest Appalachia). And, under current market conditions, Expand expects […]

EPA Selects PCCA as Clean Ports Program Grant Recipient

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(PCCA, 29.Oct.2024) — The Port of Corpus Christi Authority (PCCA) has been selected to receive $105mn through the United States Environmental Protection Agency’s (EPA) Clean Ports Program to deploy zero-emissions equipment as a major step in reducing criteria air pollutants – those regulated by EPA because of health and environmental […]

Sempra Earns Perfect Score on CPA-Zicklin Index

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(Sempra, 28.Oct.2024) — Sempra has been recognized as a Trendsetter for the ninth consecutive year for its civic transparency by the Center for Political Accountability’s annual CPA-Zicklin Index of Corporate Political Disclosure and Accountability. Sempra received a perfect score of 100% and was named a “Model Code” company for demonstrating […]

enCore Energy Expanding Uranium Production at Alta Mesa Plant

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(enCore Energy, 25.Oct.2024) — enCore Energy Corp., a uranium producer and America’s Clean Energy Companyℱ, provided an update on the production ramp up at its South Texas Alta Mesa In-Situ Recovery (“ISR”) Uranium Central Processing Plant (“Alta Mesa CPP”) and Wellfield. The company has achieved an important milestone in the […]

KMI Signs Golden Pass to New Texas Pipeline

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(East Daley Analytics, 25.Oct.2024) — Kinder Morgan (KMI) has launched a binding open season for Trident Intrastate Pipeline, a new project designed to deliver up to 2.8 Bcf/d of gas from the Katy hub to the Port Arthur area near the Texas-Louisiana border. With Golden Pass LNG on board as […]

TechnipFMC Announces 3Q:24 Results (PDF Download)

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(Energy Analytics Institute, 24.Oct.2024) — TechnipFMC plc announced its third-quarter 2024 results and provided updates from Brazil on the Petrobras flexible pipe and subsea production systems contracts, from the U.S. Gulf of Mexico on the bp Kaskida project, as well as other projects. ____________________ By Editors at Energy Analytics Institute. […]

Mexico Pacific working with financial advisors for financing for Saguaro LNG, executive says

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HOUSTON, TEXAS (Fidencio Casillas and Pietro D. Pitts, Energy Analytics Institute, 24.Oct.2024) — Mexico Pacific, which is developing the 30 million tonnes per annum (MTPA) Saguaro EnergĂ­a LNG Facility on Mexico’s Pacific Coast and and the associated Sierra Madre Pipeline, continues with work related to a final investment decision (FID) […]

Core Laboratories Reports 3Q:24 Results (PDF Download)

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(Core Lab, 23.Oct.2024) — Core Laboratories Inc. reported third quarter 2024 revenue of $134,400,000. Core’s operating income was $19,800,000, with diluted earnings per share (“EPS”) of $0.25, all in accordance with U.S. generally accepted accounting principles (“GAAP”). Operating income, ex-items, a non-GAAP financial measure, was $18,200,000, yielding operating margins of […]

Dover Fueling Solutions Launches New EV Charger

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(Dover, 23.Oct.2024) — Dover Fueling Solutions (“DFS”), a part of Dover and a global provider of advanced customer-focused technologies, services and solutions in the fuel and convenience retail industries, today announced the launch of the Wayne PWRℱ DC fast charger. This new electric vehicle charger (EVC) addresses critical market gaps in […]

Brooklyn to Receive a Charge From Electric School Bus Batteries 

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(First Student, 22.Oct.2024) — The Brooklyn community is on the brink of a transformative change, as the electrification of school buses promises to drastically reduce emissions, eliminate noise pollution, and lead the charge against climate change. Student transportation and electrification leader, First Student, along with Con Edison, one of the […]

Fact sheet: Citgo Petroleum’s US refineries, terminals, and pipelines

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HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 18.Oct.2024, Words: 185) — Citgo Petroleum Corp. has 3 strategically located, deep conversion refineries in Texas, Louisiana and Illinois. Combined, these 3 refineries have a combined total refining capacity of approximately 807,000 b/d.  Each refinery has the capability to process large volumes […]

LatAm NRG matters: highlights, heard from Brazil and Cuba to Mexico and Venezuela

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HOUSTON, TEXAS (Editors at Energy Analytics Institute, 18.Oct.2024, Words: 494) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 18 Oct. 2024. —Brazil: TotalEnergies will divest its fuel distribution activities in Brazil to the Brazilian co. SIM Distribuidora, the French co. said.

Greening to Build 60 MWac Solar Plant in Indiana

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(Greening Group, 17.Oct.2024) — Greening, a diversified company focused on the generation, construction of projects, and commercialization of renewable energy, has been awarded the construction of a 60 MWac photovoltaic power generation plant that will supply renewable energy to a major technology company at one of its facilities in the […]