USA Archives - Page 26 of 60 - Editores LatinPetroleum

Companies Ask US, EU to Intervene in Venture Global LNG Dispute

(Reuters, 11.Nov.2023) — BP (BP.L), Edison (EDNn.MI) and Shell (SHEL.L) pressed a U.S.-EU energy group to intervene in a dispute with liquefied natural gas exporter Venture Global LNG over the U.S. firm’s failure to deliver contract supplies of the fuel. The companies appealed to the U.S.-EU Task Force on Energy Security last month, and a […]

Citgo Exits 3Q:23 with Liquidity of $3.86bn

(Citgo, 9.Nov.2023) — Citgo Petroleum Corporation reported its 2023 third quarter financial and operational results. Highlights: Net income of $567mn and EBITDA 1 of $895mn, compared to net income of $380 mn and EBITDA of $642mn for the second quarter of 2023 Adjusted EBITDA 1 for the third quarter was approximately $833mn, which included two special items related to a legal settlement and […]

Citgo Concludes 2023 Marketer Roundtables

(Citgo, 9.Nov.2023) — Citgo Petroleum concluded its highly successful Marketer Roundtable Meetings for 2023, bringing together marketers from across the country to discuss key industry trends, brand programs, and commercial strategies. The roundtables, held in late September through early November, provided a valuable forum for collaboration and knowledge sharing. The […]

Trek Bicycle and World Bicycle Relief Partner for Third Year in a Row

(Trek Bicycle, 9.Nov.2023) — Today, Trek Bicycle and World Bicycle Relief (WBR) announced their third annual holiday fundraiser to help mobilize people in rural communities with purpose-built Buffalo Bicycles. This year, the two organizations aim to raise a total of $1mn, with Trek matching all donations up to $375,000 between now and 31 Dec. 2023. Customers can donate […]

ONEHOPE Wine Reaches Philanthropic Milestone

(ONEHOPE, 9.Nov.2023) — ONEHOPE, a Napa Valley winery founded with the mission to change the world by sharing wine and giving hope is pleased to announce surpassing ten million dollars in donations to more than 40,000 unique charities as part of the brand commitment that every bottle gives back. “When we founded ONEHOPE, our […]

Sempra Price Public Offering of Common Stock

(Sempra, 7.Nov.2023) — Sempra (NYSE: SRE) (BMV: SRE) today announced that it has priced its registered public offering of 17,142,858 shares of its common stock in connection with the forward sale agreements described below at $70.00 per share. The offering is expected to close on or about 10 Nov. 2023, subject to customary closing conditions. […]

Oxy Reports 3Q:23 Results [PDF Downloads]

(Oxy, 7.Nov.2023) — Occidental (NYSE: OXY) today announced net income attributable to common stockholders for the third quarter of 2023 of $1.2bn, or $1.20 per diluted share, and adjusted income attributable to common stockholders of $1.1bn, or $1.18 per diluted share. “Our teams continued their outstanding performance across all three of our […]

Oxy and BlackRock JV to Develop STRATOS DAC Plant

(Oxy, 7.Nov.2023) — Occidental (NYSE: OXY) announced today that BlackRock (NYSE: BLK) will invest $550mn on behalf of clients in the development of STRATOS, the world’s largest Direct Air Capture (DAC) facility, in Ector County, Texas. Through a fund managed by its Diversified Infrastructure business, BlackRock has signed a definitive agreement to form […]

Ecopetrol 2023 Results: Second Best in History [PDF Downloads]

(Ecopetrol, 7.Nov.2023) — Within the framework of Ecopetrol‘s 15th anniversary celebration on the New York Stock Exchange, we hosted our Investor Day, during which we reaffirmed our 2040 Strategy, “Energy that Transforms”. Among the key points presented to the market, I would like to highlight the following: i) our steadfast […]

New Fortress to Charter FSRU for LNG Import Terminal in Brazil

(Reuters, 6.Nov.2023) — Liquefied natural gas (LNG) developer New Fortress Energy said on Monday it has signed a deal to charter a floating storage and regasification unit (FSRU) from Brazil’s Petrobras starting in December. The company said FSRU Energos Winter will be immediately deployed to Terminal Gas Sul (TGS), New […]

Sempra Reports Strong 3Q:23 Earnings [PDF Downloads]

(Sempra, 3.Nov.2023) — Sempra (NYSE: SRE) (BMV: SRE) announced third-quarter 2023 earnings of $721mn, or $1.14 per diluted share, compared to third-quarter 2022 earnings of $485mn, or $0.77 per diluted share. On an adjusted basis, the company’s third-quarter 2023 earnings were $685 million or $1.08 per diluted share, compared to $622mn, or $0.98 per diluted share, in 2022. Further, Sempra is updating its full-year […]

Energy Transfer Completes Crestwood Acquisition

(Energy Transfer, 3.Nov.2023) — Energy Transfer LP (NYSE: ET) announced completion of its previously announced merger with Crestwood Equity Partners LP. The merger was approved by Crestwood unitholders at its special meeting of unitholders held on 30 Oct. 2023. Effective with the opening of the market on 3 Nov. 2023, Crestwood’s […]

ConocoPhillips Comments on Venezuelan-Related Progress

(Energy Analytics Institute, 2.Nov.2023) — ConocoPhillips chairman and CEO Ryan Lance updated the analyst community on the company’s situation regarding Venezuela and recently started auction process for assets of Houston-based refinery Citgo Petroleum during a recent conference call. “We’re in a process with the Venezuelans right now. They also have […]

Tellurian Reports Large 3Q:23 Operating Loss [PDF Download]

(Tellurian, 2.Nov.2023) — Tellurian Inc. (NYSE American: TELL) continues to progress the production and sales of natural gas and the financing and construction of its Driftwood project. President and CEO Octávio Simões said, “Tellurian’s upstream segment continues to provide growing natural gas production, improving significantly over the third quarter of […]

Local Trinidad Operator Expresses Interest in Citgo Assets

(Trinidad Express, 2.Nov.2023) — Decker Petroleum and Marketing Company Ltd (DPMCL), based in Trinidad and Tobago, has written the US District Court of Delaware officially expressing its interest in acquiring the asphalt assets of Venezuelan oil refiner Citgo. In 2018, the US District Court of Delaware ordered PDV Holdings, the […]

ExxonMobil Completes Denbury Acquisition

(ExxonMobil, 2.Nov.2023) — Exxon Mobil Corporation (NYSE: XOM) has closed its acquisition of Denbury Inc. (NYSE: DEN) in an all-stock transaction valued at $4.9bn, or $89.45 per share, based on ExxonMobil’s closing price on 12 July 2023. Under the terms of the agreement, Denbury shareholders will receive 0.84 shares of […]

Cheniere Provides 3Q:23 Financial Highlights [PDF Downloads]

(Cheniere, 2.Nov.2023) — Cheniere Energy, Inc. (NYSE American: LNG) updated investors on recent highlights during the third quarter of 2023. During the three and nine months ended 30 September 2023, Cheniere generated revenues of approximately $4.2bn and $15.6bn, net income1 of approximately $1.7bn and $8.5bn, Consolidated Adjusted EBITDA2 of approximately $1.7bn and […]

Cheniere and Foran Energy Ink Long-Term LNG SPA

(Cheniere, 2.Nov.2023) — Cheniere Energy, Inc. (NYSE American: LNG) announced that Cheniere’s subsidiary, Cheniere Marketing, LLC, has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with Foran Energy Group Co. Ltd. Under the SPA, Foran has agreed to purchase approximately 0.9 million tonnes per annum […]

ConocoPhillips Reports 3Q:23 Results [PDF Downloads]

(ConocoPhillips, 2.Nov.2023) — ConocoPhillips (NYSE: COP) reported third-quarter 2023 earnings of $2.8bn, or $2.32 per share, compared with third-quarter 2022 earnings of $4.5bn, or $3.55 per share. Excluding special items, third-quarter 2023 adjusted earnings were $2.6bn, or $2.16 per share, compared with third-quarter 2022 adjusted earnings of $4.6bn, or $3.60 […]

Apache Corp Expands Award-Winning Tree Grant Programme to Scotland

(APA Corporation, 1.Nov.2023) — Apache Corporation, a subsidiary of APA Corporation (Nasdaq: APA), today announced the launch of the Apache Tree Grant Programme in Scotland for the 2023-2024 planting season. Initially launched in the United States, the Apache Tree Grant Programme is an award-winning initiative focused on large-scale conservation, protection […]

APA Corp. Reports 3Q:23 Financial, Operational Results [PDF Download]

(APA Corporation, 1.Nov.2023) — APA Corporation (Nasdaq: APA) announced its financial and operational results for the third quarter of 2023. APA reported net income attributable to common stock of $459mn, or $1.49 per diluted share. When adjusted for items that impact the comparability of results, APA’s third-quarter earnings were $410mn, or […]

Bristow Reports 3Q:23 Results

(Bristow, 1.Nov.2023) — Bristow Group Inc. (NYSE: VTOL) reported net income attributable to the company of $4.3mn, or $0.15 per diluted share, for its quarter ended 30 Sep. 2023 on operating revenues of $330.3mn compared to net loss attributable to the company of $1.6mn, or $0.06 per diluted share, for the quarter ended 30 Jun. 2023 on operating revenues […]

1PointFive and TD Announce Direct Air Capture Carbon Removal Credit

(1PointFive, 31.Oct.2023) — 1PointFive, a carbon capture, utilization and sequestration company, and TD Bank Group, announced a purchase of carbon dioxide removal (CDR) credits from STRATOS – 1PointFive’s first Direct Air Capture (DAC) plant currently under construction in Texas. Under the terms of the agreement, and subject to STRATOS becoming […]

Marathon’s SVP Heppner Says Company Not Interested in Citgo Assets

(Energy Analytics Institute, 31.Oct.2023) — Marathon Petroleum Corporation’s senior vice president of strategy and business development, Dave Heppner, responded to questions from analysts during the company’s third quarter 2023 conference call about rumors it was interested in Houston-based refiner Citgo Petroleum. Heppner said that in the current environment that refining […]

Noble Corp. Reports 3Q:23 Results [PDF Download]

(Noble, 31.Oct.2023) — Noble Corporation plc (NYSE: NE, CSE: NOBLE) reported third quarter 2023 results. Highlights: Increasing quarterly dividend to $0.40 per share in the fourth quarter.Net Income of $158mn, Diluted Earnings Per Share of $1.09, Adjusted EBITDA of $283 million, cash provided by operating activities of $139mn, and Free Cash […]

Denbury Shareholders Approve Merger with Exxon Mobil

(Reuters, 31.Oct.2023) — (DEN.N) said on Tuesday its shareholders approved the company’s merger with Exxon Mobil (XOM.N), with the deal closing expected on Nov. 2. Exxon Mobil in July agreed to buy the Plano, Texas-based Denbury for $4.9 billion to accelerate its energy transition business with an established carbon dioxide (CO2) sequestration […]

Venezuelan Oil Sanctions Relief at Risk as Court Suspends Opposition Primary Results

(S&P Global, 30.Oct.2023) — The Supreme Court of Justice (TSJ) in Venezuela ordered the suspension of the results of the opposition’s primary elections which was claimed to be won by María Corina Machado, and proclaimed as presidential candidate of the opposition, a decision that could put the relief of US […]

Tetra Reports 3Q:23 Results, Updates on Lithium Brine Unit

(TETRA, 30.Oct.2023) — TETRA Technologies, Inc. (NYSE:TTI) today announced third quarter 2023 financial results. Brady Murphy, TETRA President and Chief Executive Officer, stated, “In addition to another strong financial performance, in the third quarter we achieved an important milestone in our Company’s history with unanimous approval by the Arkansas Oil & […]

Azure Sustainable Fuels Solidifies Strategic Partnership with Savage

(Azure, 30.Oct.2023) — Azure Sustainable Fuels Corp. has formed a strategic partnership with global supply chain company, Savage, and its agribusiness, Bartlett. Together with the previously announced government financial awards, this partnership further accelerates Azure’s plans of producing sustainable aviation fuel (SAF) by 2027. Savage and Bartlett bring significant expertise […]

ExxonMobil Announces 3Q:23 Results [PDF Downloads]

(ExxonMobil, 27.Oct.2023) — Exxon Mobil Corporation announced third-quarter 2023 earnings of $9.1bn, or $2.25 per share assuming dilution. Cash flow from operations was $16bn, up $6.6bn versus the second quarter. In line with plans, capital and exploration expenditures were $6bn in the third quarter, bringing year-to-date 2023 expenditures to $18.6bn. […]

Chevron Reveals 3Q:23 Results, Comments on Hess Deal [PDF Downloads]

(Chevron, 27.Oct.2023) — Chevron Corporation (NYSE: CVX) reported earnings of $6.5bn ($3.48 per share – diluted) for third quarter 2023, compared with $11.2bn ($5.78 per share – diluted) in third quarter 2022. Included in the current quarter were a one-time tax benefit of $560mn in Nigeria and pension settlement costs […]

bp Boosts EV Charging Network with $100mn Order from Tesla

(bp, 26.Oct.2023) — Today bp (NYSE: bp) announced a deal in which bp pulse, bp’s EV charging business, will acquire ultra-fast charging hardware units from Tesla (NASDAQ: TSLA) for $100mn. The investment will facilitate the expansion of the bp pulse public network across the US, while also enabling support for […]

Big Oil: Upstream M&A Gets Serious

(WoodMac, 26.Oct.2023) — ExxonMobil’s and Chevron’s belief in the durability of upstream could hardly be better demonstrated by the game-changing acquisitions of two flagship US Independents. It’s a pivotal moment for the sector and widens the strategic gulf with the Euro Majors. Here are our team’s thoughts. First, what drove […]

Marathon Declares 3Q:23 Dividend

(Marathon, 25.Oct.2023) — Marathon Oil Corporation‘s (NYSE: MRO) board of directors has declared a dividend of 11 cents per share on Marathon common stock. The dividend is payable on 11 Dec. 2023, to stockholders of record on 15 Nov. 2023. “This is the eighth increase to our base dividend in the last eleven […]

Hess Reports 3Q:23 Operational Highlights [PDF Download]

(Hess, 25.Oct.2023) — Hess Corporation (NYSE: HES) reported net income of $504mn, or $1.64 per share, in the third quarter of 2023, compared with net income of $515mn, or $1.67 per share, in the third quarter of 2022. On an adjusted basis, the corporation reported net income of $583mn, or […]

Baker Hughes Reports 3Q:23 Results [PDF Downloads]

(Baker Hughes, 25.Oct.2023) — Baker Hughes Company (Nasdaq: BKR) announced results today for the third quarter of 2023. Highlights: Orders of $8.5bn for the quarter, up 40% year-over-year.Revenue of $6.6bn for the quarter, up 24% year-over-year.Net income attributable to Baker Hughes company of $518mn for the quarter, up $534mn year-over-year. Adjusted net income attributable to Baker Hughes (a non-GAAP measure) of $427mn for the quarter, up $163mn year-over-year.GAAP diluted […]

TotalEnergies Awarded 25-year Renewable Deal in New York

(TotalEnergies, 25.Oct.2023) — TotalEnergies and its partners, Corio Generation and Rise Light & Power announce that New York State selected their Attentive Energy One project for a 25-year contract to supply 1.4 GW of renewable electricity. Attentive Energy One, a joint venture between TotalEnergies (40%), Rise (35%) and Corio (25%), received the […]

Nabors Reports 3Q:23 Results

(Nabors, 25.Oct.2023) — Nabors Industries Ltd. (NYSE: NBR) reported third quarter 2023 operating revenues of $734mn, compared to operating revenues of $767mn in the second quarter. The net loss attributable to Nabors shareholders for the quarter was $49mn, compared to net income of $5mn in the second quarter. This equates to a loss of $6.26 per diluted share, compared […]

Venture Global Closes $4bn Senior Secured Notes Offering

(Venture Global LNG, 24.Oct.2023) — Venture Global LNG, Inc. closed its offering of $4bn aggregate principal amount of senior secured notes which have been issued in two series: (i) a series of 9.500% senior secured notes due 2029 in an aggregate principal amount of $2.5bn (the “2029 Notes”) and (ii) a series of 9.875% […]

Range Announces 3Q:23 Results [PDF Download]

(Range Resources, 24.Oct.2023) — Range Resources Corporation (NYSE: RRC) announced its third quarter 2023 financial results. ____________________

FMC Updates to 3Q:23 and YE:23 Outlook

(FMC, 23.Oct.2023) — FMC Corporation (NYSE:FMC) provided an update on third quarter expectations compared to its previously provided outlook. Revenue in the third quarter is now expected to be $982mn with adjusted EBITDA of $175mn and adjusted earnings per share of $0.44. The revised outlook is mainly driven by substantially lower sales volumes in Latin America, […]

Nucor Corp. Reports 3Q:23 Results

(Nucor, 23.Oct.2023) — Nucor Corporation (NYSE: NUE) announced consolidated net earnings attributable to Nucor stockholders of $1.14bn, or $4.57 per diluted share, for the third quarter of 2023. By comparison, Nucor reported consolidated net earnings attributable to Nucor stockholders of $1.46bn, or $5.81 per diluted share, for the second quarter of 2023 and $1.69bn, or $6.50 per diluted share, for […]

Venezuelan Oil-Sanctions Relief Was Just Announced. It Could Be Tested Soon

(Barron’s, 23.Oct.2023) — The U.S. administration’s new oil sanctions relief toward Venezuela is broad-ranging and impactful. It’s unlikely to have any immediate effect on international oil prices, but it will likely realign the regional oil trade, which will benefit the U.S. refining system. It will also test whether a different foreign policy—and […]

Welligence says Hess Corporation gives Chevron Atlantic margin exposure

PANAMA CITY, PANAMA (Energy Analytics Institute, 23.Oct.2023, Words: 203) — US-based Chevron Corporation will acquire Hess Corporation for $60bn (including net debt), the second giant transaction of Oct. 2023 following the $65bn move by ExxonMobil to acquire Pioneer Natural Resources Company, both in all-stock transactions, Welligence Energy Analytics wrote 23 […]

Chevron to Acquire Hess in $53bn All-Stock Deal

(Chevron, 23.Oct.2023) — Chevron Corporation (NYSE: CVX) has entered into a definitive agreement with Hess Corporation (NYSE: HES) to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53bn, or $171 per share based on Chevron’s closing price on 20 October 2023. Under the terms […]

Nucor Exploring Potential Sites in the Pacific Northwest to Build New Rebar Micro Mill

(Nucor, 20.Oct.2023) — Nucor Corporation (NYSE: NUE) is exploring potential sites in the Pacific Northwest to build a new rebar micro mill with an annual capacity of 650,000 tons, subject to approval by Nucor’s Board of Directors. The new mill would produce a full range of rebar sizes and have spooling […]

SLB Reports Strong 3Q:23 Results [PDF Downloads]

(SLB, 20.Oct.2023) — SLB (NYSE: SLB) announced results for the third-quarter 2023 and SLB CEO Olivier Le Peuch commented: “Our third-quarter results continue to reflect strong year-to-date performance with revenue and adjusted EBITDA growth of 19% and 28%, respectively. These results, which reinforce our full-year financial ambitions, were driven by sustained growth […]

Trinidad Approved to Pay PDVSA

(Welligence, 19.Oct.2023) — Trinidad & Tobago (T&T) has received approval from the US government to pay PDVSA, the Venezuelan NOC, in cash for gas from Venezuela. The decision comes after a series of negotiations between all three countries, and is a vital step towards bringing Train 1 at Atlantic LNG (ALNG) back online, […]

CSI Compressco Reveals Quarterly Distribution, Schedules 3Q:23 Earnings Call

(CSI Compressco, 19.Oct.2023) — CSI Compressco LP (NASDAQ: CCLP) announced that the board of directors of its general partner has declared a cash distribution attributable to the quarter ended 30 September 2023 of $0.01 per outstanding common unit, or $0.04 per outstanding common unit on an annualized basis. This cash distribution will be paid on 14 […]

Biden Eases Sanctions on Venezuelan Oil, Republicans Howl

(Politico, 18.Oct.2023) — The Biden administration said Wednesday it will ease sanctions against companies that trade in oil produced in Venezuelan or invest in the South American country’s oil industry in response to its new agreement to allow free elections next year. The move reverses years of U.S. policy aimed […]