(APA, 5.Oct.2023) â APA Corporation (Nasdaq: APA) provided supplemental information regarding certain third-quarter 2023 financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the third-quarter 2023. It is provided to assist investors, analysts, and others in formulating […]
Category: USA
Hyundai Electric Vehicles to Add North American Charging Standard
(Hyundai, 5.Oct.2023) â Hyundai Motor North America is adopting North American Charging Standard (NACS) ports for its electric vehicles (EVs) in the United States and Canada. In the United States, all-new or refreshed Hyundai EVs will come exclusively with a NACS port, beginning in Q4 2024. Canada will follow in the first half of 2025. Hyundai […]
TotalEnergies and Borealis Start Up Baystar JV Polyethylene Unit
(TotalEnergies, 3.Oct.2023) â TotalEnergies and Borealis celebrate the start-up of their Baystar joint ventureâs new 625,000 metric ton-per-year BorstarÂź polyethylene (PE) unit, which more than doubles the current production capacity at Baystarâs site in Bayport, Texas. The new USD 1.4 billion unit completes the partnersâ integrated petrochemicals venture, which includes […]
CGG Releases New GeoVerse Carbon Storage Study for Gulf of Mexico
(CGG, 3.Oct.2023) â CGG announced the delivery of the eastern phase of its GeoVerseâą Carbon Storage Gulf of Mexico Study and commencement of the westward extension of the study. Both phases of the project, supported by industry funding, are available for license now with final products for the westward expansion […]
APA Corporation Reduces Methane Emissions
(APA, 3.Oct.2023) â APA Corporation (Nasdaq: APA) announced the achievement of an environmental, social and governance (ESG) goal to convert more than 2,000 pneumatic devices to instrument air or through-valve retrofit in its U.S. operations. The goal was reached three months ahead of schedule, and results in an estimated annualized […]
ADNOC and Occidental to Advance Direct Air Capture Project in the UAE
(ADNOC, 3.Oct.2023) â ADNOC and Occidental announced an agreement to undertake a joint preliminary engineering study for the construction of the first megaton-scale direct air capture (DAC) facility outside the United States (US). Highlights: — Companies to jointly fund engineering study into first megaton direct air capture facility in the […]
Oxy, ADNOC to Commence Study of a DAC Facility in the UAE
(Oxy, 3.Oct.2023) â Occidental (NYSE: OXY) announced that its subsidiary 1PointFive and ADNOC signed an agreement to commence a jointly funded preliminary engineering study for a 1 million tonne-per-year Direct Air Capture (DAC) facility in the United Arab Emirates. The Joint Study Agreement for the DAC facility, signed at the ADIPEC […]
EAIâs NRGBriefs: Sep. 2023
(Energy Analytics Institute, 30.Sep.2023) â Energy briefs as well as others related to finance and projects during Sep. 2023 including Petrobras saying that in regards the process of divestment of the LUBNOR refinery that it continues to strictly comply w/ the purchase and sale agreement; SilverCrest Metals Inc. filing an […]
New Offshore Colombian Developments Face Challenges: WoodMac
(WoodMac, 28.Sep.2023) â Offshore development of new gas assets has been identified as a key piece to Colombiaâs long-term energy security, but significant challenges remain. The size, production capability and required infrastructure investments all make the situation uncertain, according to a recent report from Wood Mackenzie. The report finds that […]
![Nucor and Helion to Develop 500 MW Fusion Power Plant [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2021/10/F500-2021-149-Nucor-scaled.jpg)
Nucor and Helion to Develop 500 MW Fusion Power Plant [PDF Download]
(Nucor, 27.Sep.2023) â Today, Nucor Corporation (NYSE:Â NUE) announced a collaboration with fusion power company, Helion to develop a 500 MWÂ fusion power plant. This transformational project will offer baseload zero-carbon electricity from fusion directly to a Nucor steelmaking facility. Nucor and Helion are working together to set a firm timeline and […]
Tania Ortiz Mena Appointed President of Sempra Infrastructure
(Sempra, 27.Sep.2023) â Sempra Infrastructure, a subsidiary of Sempra, announced that Tania Ortiz Mena has been appointed president of Sempra Infrastructure. In this role, Ortiz Mena will lead the company’s three business lines â clean power, energy networks, and LNG and net-zero solutions. Ortiz Mena most recently served as group president of clean power and energy networks […]
Port of Corpus Christi Ship Channel Improvement Project Advances to Final Phase
(Port of Corpus Christi, 26.Sep.2023) â The U.S. Army Corps of Engineers (USACE) has awarded the fourth and final contract of the Port of Corpus Christi Ship Channel Improvement Project (CIP) to Callan Marine, Ltd., signaling the conclusion of a national infrastructure initiative that will render the ship channel the […]
bp Inks MOU with Subsea Integration Alliance
(bp, 25.Sep.2023) â bp has signed a Memorandum of Understanding (MoU) with Subsea Integration Alliance aimed at developing a framework to enhance subsea project performance. The agreement with the Alliance, which comprises Subsea7 and OneSubseaâą, an SLB company, will combine the three companiesâ skills, knowledge and experience across a global […]
Chevron Readies New Oil Drilling Push in Venezuela to Boost Output
(Reuters, 25.Sep.2023) â Chevron Corp (CVX.N) plans to add 65,000 barrels per day (bpd) of Venezuelan oil output by the end of 2024 through its first major drilling campaign in the nation since Washington allowed it to restore production clipped by U.S. sanctions, three people familiar with the matter said. The effort […]
Southern Power Acquires Millers Branch Solar Facility
(Southern Power, 21.Sep.2023) â Southern Power, an U.S. wholesale energy provider and subsidiary of Southern Company, announced the acquisition of its 29th solar project â Millers Branch Solar Facility â from EDF Renewables. The 200-megawatt (MW) facility is currently in the early stages of development and has the potential to […]
PNM Agreement for San Juan Credits Approved
(PNM Resources, 21.Sep.2023) â Today the New Mexico Public Regulation Commission (NMPRC) approved the unanimous settlement agreement reached by Public Service Company of New Mexico (PNM), a wholly-owned subsidiary of PNM Resources (NYSE: PNM), and parties in the case resolving all remaining steps involved in the retirement of the San Juan coal plant under New Mexico’s Energy Transition Act. […]
Coherix Technology Improves EV Battery Quality While Reducing Cost
(Coherix, 20.Sep.2023) â Michigan-based Coherix is developing quality-control technology that can improve EV-battery safety, service life and quality while reducing production costs. The company has pioneered the development of 3D machine vision, artificial intelligence and proprietary process-control software to manage critically important processes to seal battery cases and covers in […]
BMO Donates $3mn to Provide Solar Energy Solutions for Low-Income Families
(BMO, 18.Sep.2023) â BMO announced a $3mn donation in support of GRID Alternative’s (GRID) low-to-no cost solar energy systems and storage, clean mobility, and job training programs for underserved and unserved families throughout California, Colorado, and Native communities in the western United States. GRID, the nation’s leading nonprofit solar installer, partners with organizations to build community-powered […]
EQT Inks 15-Year Tolling Agreement with Commonwealth LNG
(EQT, 18.Sep.2023) â EQT Corporation (NYSE: EQT) has entered into a Heads of Agreement (HOA) for liquefaction services from Commonwealth LNG‘s facility in Cameron, Louisiana to produce 1 million tons per annum of LNG under a 15-year tolling agreement. Final terms remain subject to negotiation of a definitive agreement between the […]
Brazil Calls on Rich Nations to Pay for Global Energy Transition
(Bloomberg, 17.Sep.2023) â Brazil is calling on wealthy nations to pay for the worldâs transition to sustainable energy as these countries need bolder commitments to make up for their reliance on polluting power sources. Developing countries âcannot finance an energy transition in the mold of Europe and the US,â and […]
Hess Announces Collector’s Edition Ocean Explorer, Now On Sale
(Hess, 15.Sep.2023) â Hess Corporation announced that the special limited Collector’s Edition Ocean Explorer toy, commemorating Hess Corporation’s 90th anniversary, is now on sale exclusively at HessToyTruck.com for $59.99 with free standard shipping and EnergizerÂź batteries included. This highly limited edition is the third in the Collector’s Series and salutes Hess’ proud history — from the […]
Arena Energy Awarded Seven Blocks in GOM Lease Sale 259
(Arena, 14.Sep.2023) â Arena Energy, LLC, an independent oil and gas exploration company focused on the Gulf of Mexico Shelf, recently announced it was awarded seven leases by the Bureau of Ocean Energy Management (BOEM) in Lease Sale 259 . Arena was the successful high bidder on seven leases in Lease Sale 259 held […]
Aris Starts Trading on NYSE American LLC as âARMNâ
(Aris Mining, 14.Sep.2023) â Aris Mining Corporation’s (TSX: ARIS) (NYSE-A: ARMN) common shares will commence trading on the NYSE American LLC at market open today under the ticker symbol ARMN. Aris Mining’s common shares will continue trading on the TSX under the ticker symbol ARIS. Concurrent with the start of […]
Citgo Petroleum Prices $1.10bn Senior Secured Notes
(Citgo, 14.Sep.2023) â Citgo Petroleum Corporation has priced $1.10bn aggregate principal amount of 8.375% senior secured notes due 2029 in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended. The closing of the offering is expected to occur on 20 September 2023, subject to customary […]
United to Buy up to One Billion Gallons of SAF from Cemvita
(United/Cemvita, 13.Sep.2023) â Cemvita Corporation announced an offtake arrangement with United Airlines for up to 1 billion gallons of sustainable aviation fuel (SAF) from Cemvitaâs first full-scale SAF plant. Under the agreement, signed by Cemvita and United Airlines, Cemvita will supply United Airlines up to 50 million gallons annually for 20 years […]
Ecovyst Plans Expansion of Kansas City, KS Silica Catalyst Production Capability
(Ecovyst, 13.Sep.2023) â Ecovyst Inc. announced plans to expand silica catalyst production capability at its manufacturing facility in Kansas City, KS. The company expects that growing consumer demand for plastics will continue to drive the global expansion of polyethylene production over the coming years. Silica supported catalysts play a crucial role […]
Citgo Valued at $32bn-$40bn Ahead of Auction of Shares
(Reuters, 12.Sep.2023) â Venezuela-owned oil refiner Citgo Petroleum has been valued by its parent company at between $32 billion and $40 billion, according to a court official during a hearing in Delaware on Tuesday. The value of the Houston-based refiner was disclosed during the hearing to update a U.S. judge […]
Chevron Acquires Majority Stake in Hydrogen Project in Delta, Utah
(Chevron, 12.Sep.2023) â Chevron U.S.A. Inc., through its Chevron New Energies division, announced it has closed a transaction with Haddington Ventures to acquire 100% of Magnum Development, LLC and thus a majority interest in ACES Delta, LLC, which is a joint venture between Mitsubishi Power Americas, Inc. and Magnum Development. […]
Which Creditors Will Have Priority for Citgo Share Auction?
(Reuters, 12.Sep.2023) â A U.S. judge in Delaware on Tuesday will set the procedure for an upcoming auction of shares in a parent of Venezuela-owned oil refiner Citgo Petroleum to satisfy more than $20 billion in claims by creditors. Dozens of companies and bondholders have flocked to U.S. courts to […]
Ecopetrol Adjusts its 2040 Strategy, Called “Energy that Transforms”
(Ecopetrol, 11.Sep.2023) â Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that as part of the Investor Day celebration at the New York Stock Exchange (NYSE), on 11 September 2023, it will present adjustments to its 2040 Strategy, in accordance with the approval of such adjustments by the Board of Directors pertaining the following […]
McDermott to Position Company for Long-term Success
(McDermott, 8.Sep.2023) â McDermott International, Ltd has entered into a transaction support agreement with more than 75%, in aggregate, of its secured letter of credit (“LC”) providers, funded debt creditors and equity holders to initiate a financial restructuring process to strengthen its capital structure, enhance its liquidity position, and further […]
Schneider Electric to Build Sustainable and Energy Efficient Homes
(Schneider Electric, 7.Sep.2023) â Schneider Electric is renewing its long-standing partnership with Habitat for Humanity International. Through the partnership, Schneider Electric will contribute nearly $800,000 in monetary donations along with electrical equipment to help Habitat families reduce their utility costs and make their homes more affordable, sustainable and energy efficient.  This […]
Bristow and Volocopter to Bring UAM Services to US and UK
(Bristow, 7.Sep.2023) â Bristow Group Inc. (NYSE:Â VTOL), a global provider of innovative and sustainable vertical flight solutions, and Volocopter, the pioneer of Urban Air Mobility (UAM), have signed an agreement to explore and develop passenger and cargo services for electric vertical takeoff and landing (eVTOL) aircraft in the U.S. and […]
Repsol Enters US Onshore Wind Market with Acquisition of ConnectGen
(Repsol, 7.Sep.2023) â Repsol has taken a significant step to accelerate its multi-energy transformation to net zero emissions by 2050. The Spanish company signed today an agreement to acquire US renewable development company ConnectGen for $768mn (c.âŹ715mn) from Quantum Capital Groupâs global renewable energy development platform, 547 Energy. Highlights: Repsol […]
Ecopetrol to Host Investor Day on Strategy 2040
(Ecopetrol, 6.Sep.2023) â Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that next Monday, 11 September 2023, it will hold an Investor Day to commemorate the company’s 15th anniversary of its listing on the New York Stock Exchange (NYSE). We invite you to be part of this important event for the future of the company […]
Venture Global and Baker Hughes Expand Master Equipment Supply Agreement
(Venture Global, 5.Sep.2023) â Venture Global LNG announced its long-term expansion plan to increase production from 70 million tonnes per annum (MTPA) to more than 100MTPA of nameplate LNG export capacity. To support this initiative, Venture Global and Baker Hughes have executed an expanded master equipment supply agreement for the […]
Tellurian and Baker Hughes Reveal Deal for Driftwood LNG Phase 1
(Tellurian, 5.Sep.2023) â Tellurian Inc. (NYSE American: TELL) and Baker Hughes (NASDAQ: BKR) announced Wednesday an agreement to supply eight main refrigerant compression packages for Phase 1 of the Driftwood LNG project. The agreement secures a delivery schedule for the eight LM6000PF+ gas turbines, main refrigerant compressors, and control units […]
Shell, Trinidad Weigh Venezuela’s Natural Gas Investment Plans
(Reuters, 5.Sep.2023) â Shell (SHEL.L) and Trinidad and Tobago’s National Gas Company (NGC) are close to agreeing to credit Venezuela’s state-run oil firm for its $1 billion investment in a gas field the three want to jointly develop, four people close to the discussions said. If agreed, the move could help speed […]
EAIâs NRGBriefs: Aug. 2023
(Energy Analytics Institute, 31.Aug.2023) â Energy briefs as well as others related to finance and projects during August 2023 including Petrobras commenting on divestment process related to the LUBNOR refinery; Petrobras commenting on Sete Brasil; FMC Corporation on revenues in Latin America in the second quarter 2023; Sempra appointing Richard Mark to […]
Equinor Acquires Stake in Bayou Bend CCS Project
(Equinor, 28.Aug.2023) â Equinor has acquired a 25% interest in Bayou Bend CCS LLC, positioned to be one of the largest US carbon capture and storage projects located along the Gulf Coast in Southeast Texas. âCommercial CCS solutions are critical for hard-to-abate industries to meet their climate ambitions while maintaining […]
Coast Guard to Host Exercise in Corpus Christi
(Port of Corpus Christi, 25.Aug.2023) â The Port of Corpus Christi and United States Coast Guard (USCG) Sector Corpus Christi are co-sponsoring a full-scale exercise, known as âPort CC PREPARED 2023,â to enhance maritime preparedness. The exercise will be held 25 August 2023 at the entrance to the Inner Harbor […]
McDermott Eyes LatAm with Addition of Transactions Partner
(McDermott Will & Emery, 24.Aug.2023) â International law firm McDermott Will & Emery welcomes Howard Kleinman as a partner in the Transactions Practice Group. Howard brings extensive international experience in mergers and acquisitions, capital markets and financial transactions, with a strong emphasis on businesses and investors in Latin America. “Howard’s deep expertise across Latin America gives him a […]
Zelandez Launches New Specialized Lithium Brine Recycling Service
(Zelandez, 23.Aug.2023) â Zelandez, a provider of services to the lithium brine industry, today announced the availability of its new specialized lithium brine reinjection service. The innovative new service, believed to be an industry first, combines hydrochemistry with traditional reinjection techniques used extensively in the oil and gas market and […]
Permian Resources to Buy Earthstone in All-Stock $4.5bn Deal
(Permian Resources, 21.Aug.2023) â Permian Resources Corporation (NYSE: PR) and Earthstone Energy, Inc. (NYSE: ESTE) have entered into a definitive agreement under which Permian Resources will acquire Earthstone in an all-stock transaction valued at approximately $4.5 bn, inclusive of Earthstoneâs net debt. Under the terms of the transaction, each share […]
Commonwealth LNG and Baker Hughes In Strategic Deal
(Commonwealth, 21.Aug.2023) â Commonwealth LNG has signed a strategic agreement with Baker Hughes related to Commonwealth LNG’s liquefied natural gas facility under development in Cameron Parish, Louisiana. Baker Hughes will work with Commonwealth LNG on maximizing the project’s output and minimizing emissions through the use of Baker Hughes’ LM9000 aeroderivative gas turbine technology […]
ZIM Reports 2Q:23 Financial Results
(ZIM, 21.Aug.2023) â ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a global container liner shipping company, announced today its consolidated results for the three and six months ended June 30, 2023. Second Quarter 2023 Highlights Net loss for the second quarter was $213mn (compared to net income of $1,336mn in the second quarter of 2022), or a […]
Exxon Mobil Wants its Piece of Citgo
(USA Today, 17.Aug.2023) â The transnational Exxon Mobil, along with 19 other creditors, registered their claims against Venezuela before a court in the United States, as part of the actions to strip the country of its main asset abroad. The US oil company takes advantage of the actions promoted by […]
Investment of $27bn Needed to Mobilize Offshore Wind Supply Chain
(WoodMac, 17.Aug.2023) â The global offshore wind supply chain will require $27bn of secured investment by 2026 if it is to meet a fivefold growth in annual installations (excluding China) by 2030, according to latest Horizons report by Wood Mackenzie, a global insight business for renewables, energy and natural resources. […]
Desert Mountain Moves Helium Processing Facility to New Mexico
(Desert Mountain Energy Corp., 16.Aug.2023) â Desert Mountain Energy Corp. (TSXV: DME) (U.S.OTC: DMEHF) (Frankfurt: QM01) has successfully completed the disassembly of the helium processing plant. All components have been transported to the West Pecos Slope Abo Gas Field and reassembly has begun. The company expects this process to take […]
Venezuela Rejects Auction That Could Lead to Citgo Breakup
(Reuters, 15.Aug.2023) â Negotiators and officials representing Venezuela are opposing a court-ordered auction of shares in a parent of oil refiner Citgo Petroleum to pay creditors claiming more than $10 billion from expropriations and debt defaults. Some 20 creditors with arbitration awards or lawsuits against Venezuela and its state oil […]