(Energy Analytics Institute, 1.Oct.2024) — DMW Marine Group, which specializes in marine cranes, announced the hiring of nine new service technicians. This move supports the company’s ongoing expansion and enhances its ability to meet the increasing demand for its products and services worldwide, especially in regions like Bahrain, Egypt, Tahiti, […]
Category: USA
Talos Adopts Limited Duration Stockholder Rights Plan
(Talos, 1.Oct.2024) — Talos Energy Inc. announced that its Board of Directors has adopted a limited duration stockholder rights plan (the “Rights Plan”). The Rights Plan is effective immediately and will expire on 1 Oct. 2025, unless approved by Talos stockholders at the company’s next Annual Meeting. The Board may […]
Citgo Share Auction Creditors Oppose Terms of Amber Energy Bid
(Reuters, 1.Oct.2024) — Creditors seeking proceeds from an auction of shares in a parent of Citgo Petroleum to repay them for Venezuela’s expropriations and debt defaults on Tuesday widely criticized terms of a conditional offer selected in the U.S. court’s second bidding round. An Elliott Investment Management affiliate on Friday was named […]
FACTSHEET: enCore’s Rosita ISR Uranium Central Processing Plants & Wellfields
(enCore Energy, 1.Oct.2024) — The Rosita In-Situ Recovery (“ISR”) Uranium Central Processing Plant (“CPP”) and Wellfield commenced production as of Nov. 2023, according to details on enCore Energy‘s website as of 1 Oct. 2024. The Rosita CPP is located on a 270-acre surface tract, 100% owned by enCore, located central […]
Fission vs. Fusion – What’s the Difference?
(Duke Energy, 1.Oct.2024) — Look up during the day to see one of the most powerful examples of a nuclear reactor: the sun. Inside the sun, fusion reactions take place at very high temperatures and enormous gravitational pressures. The foundation of nuclear energy is harnessing the power of atoms by […]
Woodside Completes OCI Clean Ammonia Acquisition
(Woodside, 30.Sep.2024) — Woodside has completed the acquisition of 100% of OCI Clean Ammonia Holding B.V., which holds its lower carbon ammonia project in Texas (Project), from OCI N.V. (together with its affiliates, OCI).1 The completion follows Woodside’s announcement on 5 Aug. 2024 that it had entered into an agreement […]
Matson Starts Construction of LNG-Powered Containerships
(Matson, 30.Sep.2024) — Matson, Inc. announced the start of construction on the first of three new “Aloha Class” containerships designed for its Hawaii and China-Long Beach Express (CLX) services. After a small ceremony at Philly Shipyard in Pennsylvania, the cutting of steel plates began, initiating the work to build the […]
New Fortress Energy to Delay Dividend Payment
(Energy Analytics Institute, 30.Sep.2024) — New Fortress Energy Inc. will delay the payment of the company’s previously declared $0.10 per share Class A common stock dividend, with a record date of 13 Sep. 2024, until it reaches an agreement with its noteholders to address the company’s near-term maturities and liquidity […]
EAI’s NRGBriefs: Sep. 2024
(Energy Analytics Institute, 30.Sep.2024) — Energy briefs as well as others related to finance and projects during Sep. 2024 including Petrobras inking separate MOUs with its Argentine and Surinamese counterparts YPF and Staatsolie; TechnipFMC being awarded two subsea contracts by Petrobras; CNOOC Limited saying the Shenhai-1 Phase II Natural Gas Development […]
Hess gets HSR clearance for Chevron merger
NEW YORK CITY, NEW YORK (Hess Corp., 30.Sep.2024, Words: 381) — Hess Corporation announced that the Federal Trade Commission (FTC) antitrust review of the Chevron-Hess merger has been completed, satisfying one of the closing conditions for the transaction. “We are very pleased that our merger with Chevron has cleared this significant regulatory hurdle,” said CEO John Hess. […]
US LNG Sector to Navigate Uncertainties with Harris or Trump
(S&P Global, 30.Sep.2024) — The 2024 presidential election carries risks and unknowns for US LNG project development, whether Vice President Kamala Harris is elected or former President Donald Trump returns to the Oval Office. The Biden administration’s decision earlier in 2024 to pause key LNG export permits remains a major […]
Exxon Director Joins Elliott Seeking to Acquire Citgo Petroleum
(Reuters, 28.Sep.2024) — Exxon Mobil board director Gregory Goff recently joined a newly formed Elliott Investment Management-backed company seeking to acquire control of Venezuela-owned oil refiner Citgo Petroleum. Citgo and Exxon are rivals in the motor fuels and lubrications business. Exxon is the third-largest U.S. oil refiner by capacity and […]
ConocoPhillips Gets Judge to Approve Seizing of Payments to PDVSA
(Reuters, 27.Sep.2024) — ConocoPhillips on Friday got a Trinidad court to approve the seizing of payments from the Caribbean country to Venezuela’s state oil company for a proposed offshore gas project between the two neighbors. ConocoPhillips has for years been seeking to recover money from Petroleos de Venezuela (PDVSA) for […]
Amber Energy Selected to Acquire Citgo
(Amber Energy, 27.Sep.2024) — Amber Energy Inc. has been selected as the acquirer of PDV Holding, Inc., the parent of Citgo Petroleum Corporation, by Robert Pincus, the Special Master appointed by the U.S. District Court for the District of Delaware to oversee the sale of PDV Holding, Inc. Amber Energy is […]
TotalEnergies Acquires Producing Eagle Ford Assets from Lewis Energy
(TotalEnergies, 27.Sep.2024) — TotalEnergies signed an agreement with Lewis Energy Group to acquire a 45% interest in dry gas producing assets owned and operated by Lewis in the Eagle Ford basin in Texas. The acquisition of these low cost and long plateau assets further strengthens TotalEnergies’ integration across the gas […]
Chevron Agrees Hess CEO Will Not Join Board in Deal with US Regulator, Bloomberg Reports
(Reuters, 26.Sep.2024) — U.S. energy major Chevron has agreed Hess CEO John Hess will not join its board in an agreement with the U.S. Federal Trade Commission to proceed with the $53 billion takeover deal, Bloomberg News reported on Thursday citing people familiar with the matter. The proposed all-stock acquisition, […]
FTC set to greenlight Chevron’s $53bn buy of Hess
HOUSTON, TEXAS (By Reuters, 24.Sep.2024, Words: 429) — The U.S. Federal Trade Commission is expected to greenlight U.S. oil producer Chevron‘s purchase of Hess as soon as this week, two people familiar with the matter said, leaving Exxon Mobil‘s challenge to the $53 billion deal as its final hurdle. The […]
Cemex’s Lower-carbon Materials to Fortify Wastewater Plant in San Francisco
(Cemex, 23.Sep.2024) — As part of San Francisco’s major initiative to sustainably upgrade and modernize infrastructure, Cemex has announced its involvement in reinforcing the City’s largest wastewater treatment plant with its Vertua®lower-carbon concrete. The Southeast Treatment Plant’s (SEP) Biosolids Digester Facilities Project will replace the outdated existing solids treatment facilities with more reliable, efficient, and modern […]
Mon Power and Potomac Edison Break Ground on Third Solar Site
(FirstEnergy, 23.Sep.2024) — Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp., have begun construction on their third utility-scale solar site in West Virginia to help meet the state’s electricity needs and further encourage economic development. The Marlowe solar project is located along Interstate 81 and the Potomac River on a 36-acre property in Berkeley County that was […]
Pyka Secures $40mn to Advance Commercialization of Electric Aircraft
(Pyka, 23.Sep.2024) — Pyka, an electric aviation technology leader that designs and manufactures large-scale autonomous electric aircraft, today announced a $40mn Series B raise. The funding round was led by Obvious Ventures, with participation from both new and existing investors, including Piva Capital, Prelude Ventures, Metaplanet Holdings, and Y Combinator. Pyka is rapidly […]
New Projects to Open Bakken NGL Markets
(East Daley, 20.Sep.2024) — The Permian and Williston basins are both constrained by inadequate gas pipeline egress. Yet when it comes to managing the associated ethane, that’s where the similarities end – Permian ethane is valued as a purity product, and Bakken supply plays second fiddle. Market dynamics are likely to […]
Class Action Filed Against New Fortress Energy
(Levi & Korsinsky, 20.Sep.2024) — Levi & Korsinsky, LLP notifies investors in New Fortress Energy Inc. of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of New Fortress investors who were adversely affected by alleged securities fraud between 29 Feb. 2024 and 8 Aug. 2024. Follow the link to get more […]
Flex LNG on Mandatory Notification of Trade by PDMR
(Energy Analytics Institute, 20.Sep.2024) — Flex LNG Ltd. said it has received trade notifications from the following two persons discharging managerial responsibilities (PDMR). Øystein Kalleklev, CEO of Flex LNG Management AS, has in the period 18-19 Sep. 2024 exercised 100,000 options and subsequently sold 100,000 shares on New York Stock Exchange (NYSE) […]
Thai Delegation Explores Collaboration Opportunities in Green Economy
PHOTO CAPTION:Thai Delegation with the Ankeny Chamber of Commerce and the Greater Des Moines Partnership.
Crescent to Develop Integrated CCS Solution for Entergy
(Energy Analytics Institute, 20.Sep.2024) — Crescent Midstream will develop and build an integrated CCS project in Lake Charles, Louisiana capable of capturing, transporting, and permanently storing CO2 emitted from an Entergy-owned natural gas-fired power plant. Through collaboration between Entergy, Crescent, SAMSUNG E&A, and Honeywell‘s carbon capture technologies, the ~$1bn project would be one of the […]
Kimmeridge and Commonwealth LNG Ink Deal with Glencore
(Energy Analytics Institute, 19.Sep.2024) — Kimmeridge Texas Gas (KTG) and Commonwealth LNG entered into a Heads of Terms agreement with Glencore LTD, creating a strategic natural gas and LNG partnership. Under the terms of the agreement, Glencore will purchase 2 million tonnes per annum (mtpa) of LNG for 20 years from […]
Gastech Houston 2024: Day 3 Wrap
(Gastech, 19.Sep.2024) — The third day of Gastech 2024 continued to forge the energy industry’s route towards achieving net-zero emissions and sustainable growth. Alongside a continued focus on the central role of natural gas and LNG, the day’s sessions championed innovative decarbonization solutions, such as hydrogen, low-carbon LNG, and nuclear […]
Citgo Awards $1mn to Caring For Our Coast Nonprofits
(Citgo, 18.Sep.2024) — Celebrating a decade of environmental protection, conservation and restoration, the Citgo Caring For Our Coast initiative is amplifying its impact with an additional $1mn in grants awarded to 17 environmental organizations located around the Gulf Coast region and in Lemont, Illinois, where Citgo has operations. The recipient organizations support a wide range […]
Bristow to Present at Deutsche Bank Leveraged Finance Conference
(Energy Analytics Institute, 18.Sep.2024) — Bristow Group Inc. revealed that Chris Bradshaw, its President and Chief Executive Officer, will participate in a fireside chat discussion at the Deutsche Bank Leveraged Finance Conference on 24 Sep. 2024, at 9:20 a.m. MT (11:20 a.m. CT). Bristol will also participate in investor meetings throughout the day, the company said […]
Seadrill and Oil States in Strategic Collaboration to Enhance Offshore Operations
(Energy Analytics Institute, 17.Sep.2024) — Seadrill Limited and Oil States International, Inc. announced a non-exclusive collaborative relationship with an aim on increasing the safety and efficiency of offshore MPD operations. This strategic initiative combines Oil States’ award-winning MPD Integrated Riser Joint (IRJ) system with Seadrill’s high-spec fleet of floating drilling […]
Woodside and JERA Ink Deal for Long-Term LNG Supply
(Woodside, 17.Sep.2024) — Woodside has signed a sale and purchase agreement (SPA) with JERA for the long-term supply of liquefied natural gas (LNG) to Japan. Under the SPA, Woodside will supply approximately 0.4 million tonnes (six cargoes) of LNG per year over 10 years on a delivered basis, commencing in […]
Talos Energy Publishes Annual Sustainability Report
(Tales, 17.Sep.2024) — Talos Energy Inc. published its fifth annual Sustainability Report for the 2023 calendar year. The report highlights Talos’s continued commitment to transparency, emissions reduction efforts, and sustainability and governance improvements across its growing exploration and production business in the Gulf of Mexico. Talos’s report was developed with reference to […]
Nucor Announces 3Q:24 Guidance
(Energy Analytics Institute, 17.Sep.2024) — Nucor Corporation announced guidance for its third quarter ending 28 Sep. 2024. Nucor expects third quarter earnings to be in the range of $0.87 to $0.97 per diluted share. After adding back certain one-time non-cash charges totaling approximately $0.43 per diluted share, described below, we expect third quarter adjusted earnings per diluted […]
Gastech Houston 2024: Day 1 Wrap
(Gastech, 17.Sep.2024) — Gastech Exhibition & Conference 2024 launched in Houston today under the banner of ‘Transforming Energy Through Vision, Innovation, and Action,’ providing a premier platform for industry leaders, policymakers, and energy professionals to explore the pivotal role of natural gas and LNG in enhancing energy security and reducing […]
Nauticus Robotics Reports Second Round of Aquanaut Mark 2 Testing
(Nauticus Robtics, 17.Sep.2024) — Nauticus Robtics, Inc., a innovator in autonomous subsea robotics and software, began its second round of qualification testing of its flagship underwater vehicle, Aquanaut Mark 2, in the Gulf of Mexico (GOM). Vehicle 2 will be used for commercial operations going forward. Completion of this testing is intended to certify […]
Gastech Houston 2024: Day 2 Wrap
(Gastech, 17.Sep.2024) — Gastech Exhibition & Conference 2024, the world’s premier platform for natural gas, LNG, hydrogen, climate technologies, energy manufacturing, and low carbon solutions, marked its second day, driving key conversations on the role of innovation and collaboration in delivering a just, orderly sustainable path to net-zero. In the day’s […]
FACT SHEET: US-Mexico bilateral relations
(Bureau of Western Hemisphere Affairs, 16.Sep.2024, Words: 3,670) — Mexico remains one of the United States’ closest and most valued partners, with a 2,000-mile shared border containing 47 active land ports of entry, and a shared history that has established deep cultural and people-to-people ties over 200 years of diplomatic relations. […]
Woodside Execs Visit NYSE in First Equity Market Briefing
(Energy Analytics Institute, 16.Sep.2024) — Woodside Energy completed its first North American equity market briefing at the New York Stock Exchange (NYSE) on 16 Sep. 2024, the Australian company’s CEO Meg O’Neill announced on LinkedIn. Woodside was initially listed on the NYSE in 2022 when the company merged with BHP’s […]
bp to Divest US Onshore Wind Operations, Focuses Onshore Renewables in Lightsource bp
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 16.Sep.2024) — bp plc plans to divest its existing US onshore wind energy business, bp Wind Energy, and aims to bring together the development of onshore renewable power projects through Lightsource bp. bp Wind Energy has interests in 10 operating onshore wind energy […]
Woodside Energy in Talks with Potential Partners for Driftwood LNG, CEO Says
(Reuters, 16.Sep.2024) — Woodside Energy is in discussions with onshore U.S. gas producers, pipeline companies and companies that share its outlook and view of liquefied natural gas to partner with its Driftwood LNG project, company CEO Meg O’Neill said on Monday. Speaking at an investor conference in New York, O’Neill said […]
Balanced Conversation Needed, says Wirth at Gastech (PDF Download)
(Chevron, 15.Sep.2024) — Chevron Chairman and CEO Mike Wirth delivered a keynote address during the recent Gastech 2024 conference. In it, he highlighted the need for a balanced approach to energy policy and underscored natural gas as a key enabler of a lower carbon future. Here are three takeaways from […]
Cooldown Cargo Advances Next LNG Project: East Daley
(East Daley, 13.Sept.2024) — As the industry cleans up from Hurricane Francine, East Daley is watching Plaquemines LNG closely in southeastern Louisiana. Venture Global recently received its first LNG vessel – only this ship docked to deliver LNG, rather than export it. The company is using a cooldown cargo instead […]
Nucor Announces 206th Consecutive Cash Dividend
(Energy Analytics Institute, 12.Sep.2024) — The Board of Directors of Nucor Corporation declared the regular quarterly cash dividend of $0.54 per share on the company’s common stock. This cash dividend is payable on 8 Nov. 2024 to stockholders of record on 27 Sep. 2024 and is Nucor’s 206th consecutive quarterly cash dividend, the company said 12 Sep. 2024 […]
Keeping the LNG Bandwagon Rolling
(Wood Mackenzie, 12.Sep.2024) — The LNG industry is on a roll. The ‘club’ continues to grow as new buyers swell the ranks. LNG commoditisation is increasing market liquidity, supported by a growing number of traders, hedge funds and NOCs. What’s more, capital remains available for new supply projects and import infrastructure. […]
Factbox: US GOM Energy Sector Prepares for Hurricane Francine
(S&P Global, 11.Sep.2024) — Oil and natural gas producers, refiners and power companies were preparing Sept. 11 for the impacts of Hurricane Francine. According to the US National Hurricane Center, the storm was making landfall in the early evening as a Category 2 Hurricane. “After landfall, Francine is expected to […]
HD Hyundai Showcasing Eco-Friendly Future Technologies at Gastech in Houston
(Hyundai, 11.Sep.2024) — HD Hyundai will showcase the future of decarbonization and digital technologies at Gastech, the world’s largest gas exhibition. HD Hyundai has announced that it will participate in Gastech 2024, taking place in Houston, USA, from 17-20 Sep. 2024. The event is expected to host around 800 companies worldwide and attract over […]
ILiAD DLE Tech Operating at Scale at SLB Project
(SLB, 11.Sep.2024) — ILiAD Technologies, LLC celebrates the use of its direct lithium extraction (DLE) technology at scale at SLB‘s Clayton Valley Demonstration Plant, producing high-purity, battery-grade lithium. This comes as SLB announced the successful completion of its integrated technology solution at its demonstration plant in Clayton Valley, Nevada. ILiAD’s technology was […]
APA on $950mn Asset Sale of Non-core Permian Assets
(APA, 10.Sep.2024) — APA Corporation entered into an agreement for the sale of non-core producing properties in the Permian Basin to an undisclosed buyer for $950mn, prior to customary closing adjustments. The properties are located in the Central Basin Platform, Texas and New Mexico Shelf, and Northwest Shelf and currently represent […]
EIA: Gas Pipeline Capacity from the Permian Basin Set to Increase
(Energy Information Administration, 10.Sep.2024) — Natural gas pipeline takeaway capacity in the Permian Basin will soon increase as the Matterhorn Express Pipeline, with a capacity of 2.5 billion cubic feet per day (Bcf/d), is expected to begin service this month, according to EnLink Midstream, one of the project’s stakeholders. Matterhorn […]
Kosmos Energy to Offer $500mn Notes Due 2031
(Energy Analytics Institute, 9.Sep.2024) — Kosmos Energy Ltd. intends to offer $500mn aggregate principal amount of senior notes due 2031. Kosmos intends to use the net proceeds from the offering, together w/ cash on hand, to fund the tender offers for a portion of its 7.125% Senior Notes due 2026, […]