(Energy Analytics Institute, 31.Jul.2023) — Energy briefs as well as others related to finance and projects during July 2023 including Dominion Energy (NYSE: D) concluding a sale process and executed a definitive agreement to sell its 50% non-controlling limited partner interest in Cove Point LNG, LP, to Berkshire Hathaway Energy; Vista […]
Category: USA
![IGU 2023 World LNG Report [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/07/igu-2023-rpt-cover.png)
IGU 2023 World LNG Report [PDF Download]
(IGU, 20.Jul.2023) — The International Gas Union (IGU) presented its 14th annual edition of the IGU World LNG report. ____________________
Who are Venezuela Creditors Seeking to Seize Citgo?
(Reuters, 19.Jul.2023) — The U.S. on Wednesday approved a three-month extension to a license protecting Citgo Petroleum from creditors seeking to seize the oil refiner’s assets. The document comes as a negotiation team representing Venezuela progresses in talks with bondholders and creditors with arbitration awards from expropriation claims, a move to avoid a breakup […]
Machado would restructure debt into single bond
CARACAS, VENEZUELA (Bloomberg, 18.Jul.2023, Words: 218) — Opposition frontrunner MarĂa Corina Machado said she would seek to roll Venezuela’s massive debt pile into a single bond as part of her plan to overhaul the country’s economy. Speaking after a video presentation to economists and investors in New York on Tuesday, Machado said […]
Chesapeake Achieves Grade “A” MIQ
(Chesapeake, 17.Jul.2023) — Chesapeake Energy Corporation (NASDAQ: CHK) today announced that it has achieved recertification of its natural gas production across the entirety of its Marcellus operations, which averaged approximately 4.4 billion cubic feet (bcf) of gross natural gas per day during the first quarter of 2023. The company received a grade A […]
ExxonMobil Reveals $4.9bn Purchase of Denbury
(Exxon Mobil, 13.Jul.2023) — Exxon Mobil Corporation (NYSE: XOM) entered into a definitive agreement to acquire Denbury Inc. (NYSE: DEN), an experienced developer of carbon capture, utilization and storage (CCS) solutions and enhanced oil recovery. The acquisition is an all-stock transaction valued at $4.9bn, or $89.45 per share based on ExxonMobil’s closing […]
![NextDecade Takes RGLNG Phase 1 $18.4bn FID [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/07/Screen-Shot-2023-07-06-at-8.01.05-PM.png)
NextDecade Takes RGLNG Phase 1 $18.4bn FID [PDF Download]
(NextDecade, 12.Jul.2023) — NextDecade Corporation (NASDAQ: NEXT) has made a positive final investment decision (FID) to construct the first three liquefaction trains (Phase 1) at the company’s 27 million tonnes per annum (MTPA) Rio Grande LNG (RGLNG) export facility in Brownsville, Texas. Today, the company: Executed and closed a joint venture agreement […]
Rio Grande Valley LNG Projects Hit with Legal Lawsuits
(Sierra Club, 11.Jul.2023) — Today, groups filed two federal lawsuits challenging the decision by the Federal Energy Regulatory Commission (FERC) to approve two liquified gas (LNG) export terminals, Texas LNG, Rio Grande LNG, and the associated Rio Bravo Pipeline. These projects are proposed at the Port of Brownsville in Texas and on lands […]
Dominion Energy to Divest Remaining Interest in Cove Point
(Dominion Energy, 10.Jul.2023) — Dominion Energy (NYSE: D) concluded a robust and competitive sale process and executed a definitive agreement to sell its 50% noncontrolling limited partner interest in Cove Point LNG, LP, to Berkshire Hathaway Energy, which currently operates the facility and owns a 100% general partner and 25% limited partner […]
Venezuela’s Opposition Proposes Using Exports Proceeds to Pay Creditors
(Reuters, 7.Jul.2023) — Venezuela’s opposition is crafting a proposal for the country to redirect about 200,000 barrels per day of its oil exports to a trustee to pay creditors with claims on the nation’s foreign assets. Venezuela is battling in U.S. court against bondholders and creditors claiming more than $20 billion from […]
Welligence Reveals LNG Outlook to 2030
(Welligence Energy Analytics, 7.Jul.2023) — Our LNG outlook report, published this week to clients, reveals key insights into the industry’s future. Can the LNG market overcome increasingly scarce supply, adapt to more concentrated production, embrace progressively floating infrastructure and meet Net Zero pressures? Growing LNG competition from Asian importers will keep gas prices elevated, averaging over US$13/MMbtu in Europe, […]
Baker Hughes to Supply Three Trains for Rio Grande LNG
(Baker Hughes, 6.Jul.2023) — Baker Hughes (NASDAQ: BKR) has been awarded an order by Bechtel Energy Inc. – to be booked in the second quarter of 2023 – to supply three Main Refrigerant Compressors (MRCs) for NextDecade’s Rio Grande LNG project in the Port of Brownsville, Texas. In total, Baker Hughes will supply […]
Desert Mountain on Closing of Initial New Mexico Project
(Desert Mountain Energy Corp., 6.Jul.2023) — Desert Mountain Energy Corp. (TSXV: DME) (U.S. OTC: DMEHF) (Frankfurt: QM01) has closed on the purchase of the West Pecos Slope Abo Gas Field and gas gathering system located in Chaves County, New Mexico. The company has assumed operations and the revenue stream from the existing wells. […]
Financing Energy Transition Needs Collective Action
(Boston Consulting Group, 6.Jul.2023) — Boston Consulting Group’s Rebecca Fitz talks about why financing the energy transition will take a collective action. BCG: When it comes to climate investment, what is the gap between what we need to spend and what is actually being invested? Rebecca Fitz: Most of the analysis on […]
Apex Group on Launch of Argento Energy FundÂ
(Apex Group, 6.Jul.2023) — Apex Group Ltd., a global financial services provider, appointed BTC Investment Group to deliver fund services to its Argento Energy Fund LP. Argento Energy Fund was launched by the family office BTC in 2022, to manage investments in the US onshore oil and gas industry, with a […]
bp Expands Investment in Bioenergy
(bp, 6.Jul.2023) — bp expanded its investment in bioenergy today as bp ventures committed $10mn, leading the Series B investment round, in WasteFuel, a California-based biofuels company that will use proven, scalable technologies to convert bio-based municipal and agricultural waste into lower carbon fuels, such as bio-methanol. Highlights: bp invests $10mn […]
Expro Reveals Contract for Advance Subsea Technology
(Expro, 5.Jul.2023) — Energy services provider Expro (NYSE: XPRO) has secured a contract with a major operator for the first deployment of its unique and industry-leading single shear and seal high-debris 15K ball valve assembly. The multi-functional single shear and seal mechanism will form part of a full subsea deepwater completion/intervention system being designed by […]
Third Coast Buys ArcLight Interest in Perdido Platform
(Third Coast, 5.Jul.2023) — Third Coast Super Holdings, LLC announced a subsidiary has successfully acquired an indirect 26.5% non-operated interest in the Perdido Regional Host from a subsidiary of ArcLight Energy Partners Fund VI, L.P., a private equity fund managed by ArcLight Capital Partners, LLC (“ArcLight”). Perdido is a spar platform located in […]
RPC Acquires Spinnaker Oilwell Services for $79.5mn Â
(RPC, 30.Jun.2023) — RPC, Inc. (NYSE: RES) announced the acquisition, effective 1 July 2023, of Spinnaker Oilwell Services, LLC, a provider of oilfield cementing services in the Permian and Mid-Continent basins. Spinnaker, headquartered in Oklahoma City, OK, operates two facilities located in El Reno, OK and Hobbs, NM and maintains 18 full-service cementing spreads. The purchase price was $79.5mn in […]
EAI’s NRGBriefs: Jun. 2023
(Energy Analytics Institute, 30.Jun.2023) — Energy briefs as well as others related to finance and projects during June 2023 including YPF and Petronas updating on their joint plans to develop a 25 MTPA LNG facility in Argentina; Caterpillar Inc. saying its chief legal officer and general counsel Suzette M. Long will retire […]
NextDecade Reveals FID Timing for Rio Grande LNG
(NextDecade, 29.Jun.2023) — NextDecade Corporation (NASDAQ: NEXT) announced that Rio Grande LNG (RGLNG) has received binding commitments from a syndicate of lenders in an amount sufficient, together with expected project equity funding, to support a positive final investment decision (FID) of the first three liquefaction trains (Phase 1) at the Rio […]
Sempra Commemorates 25 Years of Innovation and Safety
(Sempra, 29.Jun.2023) — Sempra (NYSE: SRE) (BMV: SRE) begins its 25th year of business, marking a quarter century of continued performance and progress toward its mission to be North America’s premier energy infrastructure company. “Over the past 25 years, we have been connecting people to safer, more reliable and cleaner energy sources, empowering communities and providing value […]
INEOS Energy Charters Two LNG CarriersÂ
(INEOS Energy, 27.Jun.2023) — INEOS Energy Trading signed agreements with Mitsui O.S.K. Lines (MOL) for two new build LNG carriers, to be used for the import of LNG into Germany from the United States.  Highlights — The agreements mark INEOS’ entry into the LNG carrier market.  — Both vessels have […]
TotalEnergies Named Most-admired Explorer by WoodMac
(WoodMac, 27.Jun.2023) — French major TotalEnergies has been named the upstream industry’s most-admired explorer and received the Discovery of the Year award in Wood Mackenzie’s industry-leading annual Exploration Survey. Dr. Andrew Latham, Senior Vice President, Energy Research, at Wood Mackenzie, said “For the third time in our industry-leading survey, TotalEnergies has received […]
PDV Holding Recovers Citgo Stock Certificate
(PDV Holding, 26.Jun.2023) — PDV Holding, Inc. successfully recovered a stock certificate representing 49.9% of the outstanding shares of stock in its subsidiary CITGO Holding Inc. from an arm of Russian-controlled oil company Rosneft on Wednesday, 21 June 2023. This event brings to a close years of effort to recover […]
Cheniere and ENN Sign Long-Term LNG SPA
(Cheniere, 26.Jun.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 ENN LNG (Singapore) Pte. Ltd., a wholly-owned subsidiary of ENN Natural Gas Co., Ltd. Under the SPA, ENN LNG […]
Venture Global LNG and SEFE Ink 20yr SPAÂ
(Venture Global LNG, 22.Jun.2023) — Venture Global LNG and SEFE Securing Energy for Europe GmbH (SEFE) announced the execution of a long-term Sales and Purchase Agreement (SPA). Under the agreement, SEFE’s subsidiary, WINGAS GmbH, will purchase 2.25 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from CP2 LNG, Venture […]
Equinor Inks LNG Purchase Agreement with Cheniere
(Equinor, 21.Jun.2023) — Today, 21 June 2023, Equinor and Cheniere have announced a new 15-year purchase agreement of around 1.75 million tonnes of LNG per year, with half of the volume starting from 2027. This agreement brings the total volumes that Equinor has contracted with Cheniere up to around 3.5 million tonnes […]
Energy Innovations to Collaborate with Maas Energy
(Energy Innovations, 19.Jun.2023) — Energy Innovations has received orders from Maas Energy Works for the fabrication and delivery of two Biogas Upgrading units, with joint plans for additional units thereafter. The commitment marks a significant milestone for Energy Innovations as a packager of CO-2 removal, H2S removal, and associated gas handling […]
Desert Mountain Buys Helium-bearing Gas Field
(Desert Mountain Energy, 19.Jun.2023) — Desert Mountain Energy Corp. (TSXV: DME) (U.S. OTC: DMEHF) (Frankfurt: QM01) has signed a binding letter of intent to purchase the Pecos Slope West Abo Gas Field and gas gathering system located in Chaves County, New Mexico. The company will close the purchase on 30 June 2023, from a privately […]
Pamesa Group to Launch Hydrogen-Based Fuel
(Pamesa Group, 15.Jun.2023) — The Pamesa Group has become the first company worldwide to use a hydrogen-based fuel to replace natural gas in its production process in partnership with eCombustible Energy. This fuel is completely free of carbon emissions. Going forward, the Pamesa Group plans to implement this fuel in all its operations. eCombustible is […]
Should Gas Resource Holders Target LNG Exports or Blue Ammonia?
(WoodMac, 15.Jun.2023) — As Europe moves away from Russian gas and Asia reduces its dependency on coal, demand and investment in liquefied natural gas (LNG) continues to rise. But according to “Stick or twist: Should gas resource holders target LNG exports or blue ammonia?”, a new Horizons report from Wood Mackenzie, the acceleration of the energy transition […]
Patterson-UTI and NexTier Enter Merger Deal Valued at $5.4bn
(Patterson-UTI Energy, 15.Jun.2023) — Patterson-UTI Energy, Inc. (NASDAQ: PTEN) and NexTier Oilfield Solutions Inc. (NYSE: NEX) have entered into a definitive merger agreement to combine in an all-stock merger of equals transaction. The combined company, with an enterprise value of approximately $5.4bn, will be an industry leading drilling and completions services provider with operations in […]
FlexCharging Launches EVision Managed Charging Solution
(FlexCharging, 15.Jun.2023) — FlexCharging, a provider of Electric Vehicle (EV) managed charging, announced the release of its EV grid integration and demand response software solution, EVision. The cloud-based application enables electric utility cooperatives (co-ops) and municipal utilities to launch their own managed charging programs. Tim Ellis, Energy Resources Director at Poudre Valley REA, a […]
Phillips 66 Completes Acquisition of DCP Midstream Units
(Phillips 66, 15.Jun.2023) — Phillips 66 (NYSE: PSX) and DCP Midstream, LP (NYSE: DCP) completed the previously announced acquisition by Phillips 66 of all the publicly held common units representing limited partner interests in DCP Midstream for $41.75 per common unit in cash at a total value of approximately $3.8bn, increasing […]
Pattern Energy Opens New Houston Location in Montrose
(Pattern Energy, 14.Jun.2023) — Pattern Energy Group LP, a leader in renewable energy and transmission infrastructure, moved the location of its Houston office to the Montrose neighborhood. The new office, in the Montrose Collective at 888 Westheimer Road, is now home to Pattern Energy’s growing workforce of 150 employees in Houston in a space designed to […]
OCI Global Fuels First Ever Green Methanol Powered Container VesselÂ
(OCI Global, 12.Jun.2023) — OCI Global (Euronext: OCI) has announced it is fueling the first ever green methanol-powered container ship in a new partnership with A.P. Moller-Maersk. OCI will provide ISCC certified biomethanol to power the maiden voyage of Maersk’s first dual-fueled container ship, in a pioneering step towards the […]
PDVSA Bondholders Dismiss Claims Citgo-backed Notes are Invalid
(Reuters, 6.Jun.2023) — Holders of bonds issued by Venezuelan state-owned oil company Petroleos de Venezuela that are backed by a majority stake in refiner Citgo Petroleum urged New York state’s highest court to reject claims that the bonds are invalid. Lawyers for Venezuela’s opposition, which has controlled PDVSA’s U.S. assets including Citgo since 2019 […]
New Fortress Gets Export Approval for Altamira Fast LNG
(New Fortress Energy, 2.Jun.2023) — New Fortress Energy Inc. (NASDAQ: NFE) has received an export permit for its Altamira Fast LNG facility from Mexico’s Ministry of Energy (SecretarĂa de EnergĂa (SENER)). Under the permit granted by SENER, NFE is now authorized to export up to 7.8 million metric tons through […]
Nucor Enters Into CCS Agreement with ExxonMobil
(Nucor, 1.Jun.2023) — Nucor Corporation (NYSE: NUE) signed an agreement with ExxonMobil to capture, transport, and store carbon from the company’s direct reduced iron (DRI) plant in Convent, Louisiana. ExxonMobil will capture up to 800,000 metric tons per year of CO2 from the DRI plant and store the CO2 at an ExxonMobil-owned […]
EAI’s NRGBriefs: May 2023
(Energy Analytics Institute, 31.May.2023) — Energy briefs as well as others related to finance and politics during May 2023 including Venezuela planning to issue a license next month to Eni SpA and Repsol SA to export natural gas, Petrobras receiving an arbitration award that fully rejected the claims made by […]
Venture Global Closing $4.5bn Senior Secured Notes
(Venture Global, 26.May.2023) — Venture Global LNG, Inc. closed its inaugural offering of $4,500mn aggregate principal amount of senior secured notes which have been issued in two series: (i) a series of 8.125% senior secured notes due 2028 in an aggregate principal amount of $2,250 mn (the “2028 Notes”) and (ii) a series of […]
Chevron Launches Sale of Congo Oil Assets
(Reuters, 25.May.2023) — Chevron (CVX.N) has launched a sale process for its oil and gas assets in Congo as the U.S. energy giant continues to focus operations on newer and more profitable production, industry sources said. The Congo assets could fetch up to $1.5 billion, according to two sources close to the […]
Talos Energy announces Mexico transaction, including stake in Zama
MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 25.May.2023, Words: 337) — Talos Energy Inc. announced that Zamajal, S. A. de C.V., a wholly owned subsidiary of Grupo Carso, agreed to acquire a 49.9% interest in Talos’s Mexican subsidiary (Talos Mexico), which holds the company’s 17.4% interest in Zama. Carso […]
SQM Inks Lithium Supply Deal with Ford Motor Company
(SQM, 22.May.2023) — Sociedad QuĂmica y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) and Ford Motor Company have announced a long-term strategic agreement to secure the supply of high-quality lithium products for production of electric vehicles. The agreement between Ford and SQM will ensure the supply […]
Chevron Buys PDC Energy in $7.6bn Deal
(Chevron, 22.May.2023) — Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with PDC Energy, Inc. (NASDAQ: PDCE) to acquire all of the outstanding shares of PDC in an all-stock transaction valued at $6.3bn, or $72 per share. Based on Chevron’s closing price on May 19, […]
DOE Announces $187mn to Accelerate Transportation Sector Electrification
(US DOE, 19.May.2023) — The U.S. Department of Energy (DOE) announced a new $99.5mn funding opportunity in addition to the selection of 45 projects totaling $87mn to advance production of next-generation electric vehicle (EV) technologies, train the future electrified transportation workforce, and ensure the equitable deployment of clean mobility options […]
Intel Dives into the Future of Cooling
(Intel, 19.May.2023) — Extending Moore’s Law means putting more transistors on an integrated circuit and, increasingly, adding more cores. Doing so improves performance but requires more energy. Over the past decade, Intel estimates it has saved 1,000 terawatt hours of electricity through the improvements its engineers have made to processors. These […]
![Norfolk Southern Launches Rail Emissions Report [Video]](https://energy-analytics-institute.org/wp-content/uploads/2023/02/east-palestine-1-source-norfolk-southern-scaled.jpg)
Norfolk Southern Launches Rail Emissions Report [Video]
(Norfolk Southern, 18.May.2023) — Norfolk Southern Corporation (NYSE: NSC) Thursday launched a tailored Rail Emissions Report tool for customers. The Rail Emissions Report provides customers with comprehensive data on the positive environmental impact of shipping by rail, including total carbon dioxide emissions, fuel consumption, and train miles traveled. Mode of transportation […]
Port of Corpus Christi CEO Announces Departure
(Port of Corpus Christi, 17.May.2023) — Port of Corpus Christi Commissioners Tuesday accepted the resignation of Chief Executive Officer Sean Strawbridge, effective 2 June. Strawbridge will continue to serve as CEO until that time. An interim chief executive, as well as plans to identify a new CEO, will be announced […]