(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 […]
Category: USA
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, […]
BW Limited on Ex-Dividend Trading
(Energy Analytics Institute, 9.Sep.2024) — BW LPG Limited will be traded ex-dividend on the Oslo Stock Exchange from 9 Sep. 2024 and from 10 Sep. on the New York Stock Exchange (NYSE), the company said 9 Sep. in an official statement. ____________________ By Energy Analytics Institute staff. © Energy Analytics Institute […]
Tropical Cyclone Six Impact to the Port: Hurricane Readiness Condition 3
(Port of Corpus Christi, 9.Sep.2024) — Due to the active tropical conditions anticipated in the Gulf of Mexico, the Port of Corpus Christi has increased its Hurricane Readiness Status to Hurricane Readiness Level 3 (Increased Readiness), in accordance with its 2024 Hurricane Readiness Plan. The Port continues to monitor possible impact scenarios in […]
US Court Officer Moves to Block Creditors from Derailing Citgo Auction
(Reuters, 9.Sep.2024) — U.S. federal court officer overseeing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum on Monday asked the judge in the case to prevent creditors from pursuing additional lawsuits that could derail the sales process. Three creditors that had registered claims with the court but are unlikely to […]
Noble Announces Major Shareholder Notification
(Noble, 6.Sep.2024) — Pursuant to Section 30 of the Danish Capital Markets Act, Noble Corporation plc (CSE: NOBLE, NYSE: NE) hereby announces the receipt of a major shareholder notification from APMH INVEST A/S. On 5 Sep. 2024, APMH INVEST A/S, acting on behalf of itself and its ultimate owner A.P. MØLLER […]
Lummus Names Obayagbona as CFO
(Energy Analytics Institute, 5.Sep.2024) — Lummus Technology announced that its board of directors has appointed Mr. Edosa Obayagbona to serve as the company’s Executive Vice President and Chief Financial Officer (CFO). In this role, Obayagbona will join Lummus’ executive team and lead all aspects of the company’s financial management, including […]
Brock Group Names CFO
(Energy Analytics Institute, 5.Sep.2024) — The Brock Group, after an extensive search, announced that Mike Dear has joined the organization as the Chief Financial Officer (CFO), effective 26 Aug. 2024. “We are extremely pleased to have Mike join us as the CFO for Brock,” said Frank Bardonaro, Jr., CEO for the […]
Enverus Reveals Texas’ Renewable Energy Hot Shots
(Enverus, 4.Sep.2024) — Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has released a list of the top solar, wind and energy storage developers in Texas and the counties they operate in. This list leverages Enverus’ proprietary Interconnection Queue Analytics tool and transmission project […]
Noble Corp. Closes Diamond Acquisition
(Noble, 4.Sep.2024) — Noble Corporation plc announces the completion of its acquisition of Diamond Offshore Drilling, Inc. This transaction enhances Noble’s position as a leading offshore driller, creating the largest fleet of 7th generation dual-BOP drillships in the industry, and adding approximately $2bn of backlog. Following completion of the acquisition of Diamond, […]
Petrobras Prices U.S. Dollar-denominated Global Notes
(Petrobras, 4.Sep.2024) — Petrobras announces the pricing of global notes denominated in U.S. Dollars (the “Notes”) to be issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF). The Notes will be unsecured obligations of PGF and will be fully, unconditionally and irrevocably guaranteed by Petrobras. Closing is expected to occur […]
Sempra BODs Declares Regular Quarterly Dividend
(Energy Analytics Institute, 4.Sep.2024) — The Board of Directors of Sempra declared a $0.62/share quarterly dividend on the company’s common stock, which is payable 15 Oct. 2024, to common stock shareholders of record at the close of business on 26 Sep. 2024. Sempra’s Board of Directors also declared a semi-annual […]
Hess BODs Declares Regular Quarterly Dividend
(Energy Analytics Institute, 4.Sep.2024) — The Board of Directors of Hess Corporation declared a regular quarterly dividend of $0.50/share payable on the common stock of the corporation on 30 Sep. 2024 to holders of record at the close of business on 16 Sep. 2024. The dividend represents a 14% increase vs […]
Fitch Rates Crescent Energy’s $250mn Add-On Issue
(Fitch, 4.Sep.2024) — Fitch Ratings rates the $250mn add-on issue to Crescent Energy Finance LLC’s existing $750mn 7.375% 2033 notes, in line with Crescent’s existing senior unsecured debt BB- ratings. The proceeds from the new tap issue will be used to reduce borrowings under the company’s reserve-based lending facility. Crescent […]
Permian Resources to Increase Base Dividend
(Permian Resources, 3.Sep.2024) — Permian Resources Corporation announced an update to its return of capital strategy, which increases its quarterly base dividend from $0.06 per share to $0.15 per share ($0.60 per share annually). This represents a 150% increase to the company’s prior base dividend and provides a leading base […]
Chevron Boosts Recovery at Two Facilities in US GOM
(Chevron, 3.Sep.2024) — Chevron Corporation has started water injection operations at two projects to boost oil and natural gas recovery at the company’s existing Jack/St. Malo and Tahiti facilities in the deepwater U.S. Gulf of Mexico, where Chevron operations produce some of the world’s lowest carbon intensity oil and gas. “Delivery of these two projects […]
Permian Resources Execs to Present at Barclays Conference
(Energy Analytics Institute, 3.Sep.2024) — Permian Resources Corporation Co-CEO Will Hickey and CFO Guy Oliphint are scheduled to present at the Barclays CEO Energy-Power Conference in New York City, New York on 3 Sep. 2024 at 12:40 p.m. Eastern Time, the company said 3 Sep. 2024 in an official statement. […]
Weatherford Acquires Datagration Solutions
(Weatherford, 3.Sep.2024) — Weatherford International plc announced the acquisition of Datagration Solutions Inc., an innovator in unified data integration, analytics, and machine learning. The acquisition establishes Weatherford as having one of the industry’s most capable and contemporary digital offerings for production and asset optimization and demonstrates its commitment to continuously driving innovation across […]
Oxy, CrownRock and Ecopetrol BODs Resignations
(Ecopetrol, 3.Sep.2024) — Ecopetrol S.A. announces that the directors Juan José Echavarría and Luis Alberto Zuleta presented their resignations as independent members of the company’s Board of Directors, in the terms of the communication that the media previously released to the public. This resignation was presented and made known to […]
Fitch Sees Pickup in Permian Transactions
(Energy Analytics Institute, 30.Aug.2024) — ”Fitch believes Permian transactions could pick up again if large producers choose to shed non-core assets, following recent consolidation, to meet debt reduction targets or re-focus their asset base,” Fitch said 9 Aug. 2024 in an official statement. ”These assets could be acquisition targets for […]
Mexico Pacific inks LNG SPA with POSCO International
(Mexico Pacific, 28.Aug.2024) — Mexico Pacific, owner of the Saguaro Energía LNG facility and associated Sierra Madre Pipeline, today announced that it has signed a sales and purchase agreement (SPA) with POSCO International Corporation, Korea’s largest energy trading company and a global leader in the pursuit of a sustainable future. […]
Major Integrated to Sell Unused Energy Assets on AllSurplus Marketplace
(Liquidity Services, 28.Aug.2024) — Liquidity Services, a global commerce company powering the circular economy, announced the sealed bid auction of energy surplus assets for a leading integrated oil and gas partner. Three unused, uninstalled ANGI compressed natural gas (CNG) refueling stations are currently available until 6:00 pm EDT on 12 […]
A Month After Venezuela’s Contested Election, the Opposition Fights On
(The Washington Post, 27.Aug.2024) — A month ago, Venezuela’s opposition nurtured a cautious hope. A national election seemed to present a genuine chance to oust the entrenched autocratic regime of President Nicolás Maduro. Even as Maduro and his allies stacked the odds against their opponents, disqualifying top candidates and wielding the […]
ExxonMobil Global Outlook: Our view to 2050
(ExxonMobil, 26.Aug.2024) — In 2050, the world will be different—vastly different. To meet critical needs, the world will need to increase access to reliable, affordable energy from a broad set of solutions. ____________________
AMLO Says North American Economic Integration Important
(Energy Analytics Institute, 26.Aug.2024) — Mexico’s President Andrés Manuel López Obrador said that the reality is that the economic integration between Mexico, U.S. and Canada was is so important that it was impossible to break it. López Obrador, also known as AMLO, made the statements on 26 Aug. 2024 during […]
Exxon Sees 2050 Oil Use at Current Level, Despite Net Zero Goal
(Bloomberg, 26.Aug.2024) — Exxon Mobil Corp. forecasts global oil demand in 2050 will be the same — or even slightly higher — than current levels, putting efforts to reach net zero carbon emissions by mid-century well out of reach. Oil demand will remain above 100 million barrels a day through […]
EVLO Puts into Operation a First Battery Energy Project in the US
(EVLO, 20.Aug.2024) — EVLO Energy Storage Inc., a fully integrated battery energy storage system (BESS) provider and wholly owned subsidiary of Hydro-Québec, today announced that it has completed the commissioning of a first utility-scale BESS project in the United States. The contracted 3 MW/12 MWh installation is in Troy, Vermont. […]