USA Archives - Page 30 of 59 - Energy Analytics Institute (EAI)

EAI’s NRGBriefs: Mar. 2023

(Energy Analytics Institute, 31.Mar.2023) — Energy briefs as well as others related to finance and politics during March 2023 including Staatsolie Hydrocarbon Institute (SHI), a wholly owned subsidiary of Staatsolie Maatschappij Suriname N.V., and launch of a competitive bid round of six new blocks in the currently sparsely explored Demerara […]

Uranium Energy on Uranium Producers of America

(Uranium Energy, 29.Mar.2023) —Uranium Energy Corp (NYSE American: UEC) announced that Scott Melbye, UEC’s Executive Vice President, has been re-elected to serve another term as President of the Uranium Producers of America (UPA). Amir Adnani, President and CEO stated: “We congratulate Scott on his re-election to the position of President of […]

Baker Hughes to Supply Trains for Port Arthur LNG Phase 1 Project

(Baker Hughes, 27.Mar.2023) — Baker Hughes (NASDAQ: BKR), an energy technology company, has been awarded an order by Bechtel to supply two Main Refrigerant Compressors (MRCs) for Sempra Infrastructure’s Port Arthur LNG Phase 1 project in Jefferson County, Texas, following the positive Final Investment Decision (FID) announced March 20. Through the […]

Sempra Launches Port Arthur LNG with $13bn FID [Video + PDF Download]

(Sempra, 20.Mar.2023) — Sempra (NYSE: SRE) (BMV: SRE) announced that its 70%-owned subsidiary, Sempra Infrastructure Partners, LP, reached a positive final investment decision (FID) for the development, construction and operation of the Port Arthur LNG Phase 1 project in Jefferson County, Texas. Sempra Infrastructure closed its joint venture with an affiliate of ConocoPhillips (NYSE: COP), as […]

Shell Takes FID at Dover in US Gulf of Mexico

(Shell, 15.Mar.2023) — Shell Offshore Inc., a subsidiary of Shell plc, announced the Final Investment Decision (FID) for Dover, a planned subsea tieback to the Shell-operated Appomattox production hub in the US Gulf of Mexico (GoM). Dover is expected to start production in late 2024-early 2025 and produce up to […]

Citgo Offers to Purchase $407mn in Senior Notes

(Citgo, 13.Mar.2023) — Citgo Holding, Inc., a Delaware corporation, today announced its offer to purchase (the “Offer”) for cash an aggregate principal amount of up to $406.645mn (the “Excess Cash Flow Offer Amount”) of its 9.25% Senior Secured Notes due 2024 (the “Notes”) at a purchase price equal to 100% of the principal amount […]

Venture Global Announces FID for Phase II of Plaquemines LNG facility

(Venture Global, 13.Mar.2023) — Venture Global LNG is announcing a final investment decision (FID) and successful closing of the $7.8bn project financing for the second phase of the Plaquemines LNG facility. Together, phase one and phase two represent approximately $21bn of investment, the largest project financing ever done. The proceeds of the debt […]

Energy Minister Meets with Shell Execs in Texas

(Trinidad Guardian, Chester Sambrano, 10.Mar.2023) — Minister of Energy and Energy Industries, Stuart Young MP, has held talks with Shell Executives in Houston, Texas, this week. Minister Young is attending CERAWeek. CERAWeek is hosted by S&P Global and is considered one of the world’s premier energy conferences. In a statement, […]

Petrobras and Shell Ink MOU during CERAWeek

(Petrobras, 9.Mar.2023) — Petrobras announces that its CEO Jean Paul Prates, and Wael Sawan, Shell‘s CEO, signed today a Memorandum of Understanding, during CERAWeek, in Houston, in order to encourage discussion and collaboration between the companies. The companies will work together on identifying potential upstream opportunities, sharing experience and best […]

Citgo Reports 4Q:22 and YE:22 Results

(Citgo, 9.Mar.2023) Citgo Petroleum Corporation today reported its 2022 fourth quarter and year-end financial results. Highlights: Fourth quarter net income of $806mn and EBITDA[1] of $1.2bn Fourth quarter total refinery crude throughput of 797,000 barrels-per-day (bpd), 4% above nameplate capacity of 769,000 bpd Repayment in full of the $1.1bn outstanding under Citgo Petroleum’s […]

T&T Energy Minister Holds Successful Talks at CERAWeek in Houston

(Loop, 8.Mar.2023) — Energy Minister Stuart Young says he has had successful discussions at CERAWeek in Houston where a number of important engagements with key stakeholders in the energy industry at a global level, to further progress this country’s energy sector development. CERAWeek is widely considered to be the most prestigious […]

Freeport LNG Gets FERC Approval to Restart Train 1

(Freeport LNG, 8.Mar.2023) — Freeport LNG Development, L.P. announced that it has received regulatory approvals from the Federal Energy Regulatory Commission (FERC) and the Pipeline and Hazardous Materials Safety Administration (PHMSA) to restart Train 1, the final train of Freeport LNG’s three train liquefaction facility to receive restart authorization. Freeport […]

Biden-⁠Harris Administration Advances Cleaner Industrial Sector

(The White House, 8.Mar.2023) — Today, the Biden-Harris Administration announced new actions to grow American competitiveness, expand manufacturing jobs, and reduce greenhouse gas emissions from the industrial sector, which includes production of steel, aluminum, chemicals, and concrete, and currently contributes nearly one-quarter of U.S. emissions. These actions will boost the already historic […]

Chevron and JERA to Explore CCS projects in the US and Australia

(Chevron, 7.Mar.2023) — Chevron New Energies, a division of Chevron U.S.A. Inc., and JERA Co., Inc. have signed a Memorandum of Understanding (MOU) that provides a framework for their collaboration on carbon capture and storage (CCS) projects located in the United States and Australia. This MOU has the potential to […]

KAPSARC to Participate in CERAWeek by S&P Global 2023

(KAPSARC, 5.Mar.2023) — The Riyadh-based King Abdullah Petroleum Studies and Research Center (KAPSARC) will join the world’s energy industry leaders, experts, government officials and policymakers at the 41st annual CERAWeek by S&P Global, to be held from 6-10 March in Houston, Texas. KAPSARC is an affiliate partner of this year’s CERAWeek […]

Exxon Mobil Corp. Sued by EEOC for Race Discrimination

(US EEOC, 2.Mar.2023) — Exxon Mobil Corporation, doing business as ExxonMobil Chemical Corporation, violated federal law when it failed to take effective measures to prevent the display of hangman’s nooses at its Baton Rouge complex, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit filed on March 2, […]

Ecopetrol Reports Strong 4Q:22 Results [PDF Downloads]

(Ecopetrol, 28.Feb.2023) — During 2022, the Ecopetrol Group continued delivering record operating and financial results and above the targets set at the beginning of the year. This, together with environmental, social and governance actions consistent with best industry practices and standards, and in line with our commitment to generate sustainable […]

Noble Announces Changes to its Share Capital

(Noble, 28.Feb.2023) — Noble Corporation plc (CSE: NOBLE, NYSE: NE) announces changes to its share capital. During the period since 31 January 2023, 404,861 new A ordinary shares each with a nominal value of USD 0.00001 have been issued. 280 new A ordinary shares have been issued to certain holders of […]

Excelerate and Venture Global Announce SPA

(Venture Global, 28.Feb.2023) — Excelerate Energy, Inc. (NYSE: EE) and Venture Global LNG announced the execution of a 20-year LNG Sales and Purchase Agreement (SPA). Under the SPA, Excelerate will purchase 0.7 million tonnes per annum (MTPA) of liquefied natural gas (LNG) on a free on board (FOB) basis from […]

Chevron Reaffirms Higher Returns, Lower Carbon Objectives [PDF Download]

(Chevron, 28.Feb.2023) — At its annual investor meeting, Chevron Corporation (NYSE: CVX) reported on its progress to leverage its strengths to safely deliver lower carbon energy to a growing world. Highlights Raises share buyback guidance to $10bn to $20bn per year Expects free cash flow annual growth greater than 10% […]

John F. Kerry to Address CERAWeek by S&P Global 2023

(S&P Global, 27.Feb.2023) — The United States Special Presidential Envoy for Climate, John F. Kerry, will address delegates at the 41st annual CERAWeek by S&P Global, 6-10 March in Houston. The first-ever Principal to sit on the U.S. National Security Council entirely dedicated to climate change, Mr. Kerry previously served as the 68th […]

Venture Global on Roof Raising at Plaquemines LNG Facility

(Venture Global LNG, 27.Feb.2023) — Today, Venture Global LNG announced the successful raising of the roof of the first LNG storage tank at the Plaquemines LNG export facility in Plaquemines Parish, Louisiana. This major project milestone was completed ahead of schedule and comes nine months after the project’s final investment […]

Noble Announces 4Q:22 and YE:22 Results

(Noble, 27.Feb.2023) — Noble Corporation plc (NYSE: NE, CSE: NOBLE) reported fourth quarter and full year 2022 results. Highlights: Integration of Maersk Drilling well underway, with over $50mn of synergies realized to date Noble establishes offshore drilling industry leadership in returning capital to shareholders, with, $96 million in share repurchases […]

Majors Capex Guidance Update

(Energy Analytics Institute, 23.Feb.2023) — “Despite bumper profits, the peer group is guiding towards $118bn in total investment in 2023, up just 4% on last year. This reflects the priorities of capital discipline, targeted investment in the best projects and shareholder returns – the group collectively returned $117bn to investors […]

EAI’s NRGBriefs: Feb. 2023

(Energy Analytics Institute, 23.Feb.2023) — Energy briefs as well as others related to finance and politics during February 2023 including Repsol commenting on improvement of prospects for operations in Venezuela; earnings updates and webcasts from Pemex, Noble Corporation, bp, Repsol and TotalEnergies; Venezuela reactivates first drilling rig, the PDVEN-778, in […]

How the Russia-Ukraine War is Changing Energy Markets

(WoodMac, 23.Feb.2023) — Ukraine’s battle is existential. The country has suffered a year of lost lives, its people forced to live each day in perpetual fear and witness the destruction of homes, communities and infrastructure. Millions have fled the country. Russia’s war has had a huge impact outside Ukraine, too, […]

Cheniere Partners Reports 4Q:22 and YE:22 Results

(Cheniere, 23.Feb.2023) — Cheniere Energy Partners, L.P. (NYSE American: CQP) announced its financial results for fourth quarter and full year 2022. HIGHLIGHTS For the three and twelve months ended December 31, 2022, Cheniere Partners generated revenues of $4.7 billion and $17.2 billion, respectively, net income of $2.5 billion and $2.5 […]

Cheniere Initiates Permitting Process to Expand LNG Export Capacity at Sabine Pass

(Cheniere, 23.Feb.2023) — Cheniere Energy Partners, L.P. (NYSE American: CQP), a subsidiary of Cheniere Energy, Inc. (NYSE American: LNG), announced that certain of its subsidiaries have initiated the pre-filing review process under the National Environmental Policy Act with the Federal Energy Regulatory Commission (“FERC”) for the proposed Sabine Pass Stage […]

Gulfstream LNG Begins Advances Project Development

(Gulfstream LNG Development, 22.Feb.2023) — Gulfstream LNG Development, LLC, a recently launched mid-sized greenfield LNG export project, announced that it has filed an application to the United States Department of Energy (DOE) seeking authorization to export up to four million tonnes per annum (MTPA) of liquefied natural gas (LNG) to […]

Ecopetrol to Host 4Q:22 and Year End Webcast

(Ecopetrol, 22.Feb.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that on Tuesday, 28 February 2023, after market close, it will release its financial and operating results for the fourth quarter and full year 2022. On Wednesday, 1 March 2023, Ecopetrol’s senior management will host two conference calls to review the results, one in Spanish […]

Freeport LNG to start operations at its LNG plant in south Texas

HOUSTON, TEXAS (Energy Analytics Institute, Ian Silverman, 21.Feb.2023, Words: 269) — Freeport LNG Development, L.P. has received regulatory approval to commence commercial operations of the company’s natural gas liquefaction and export facility. Today’s authorization provides for the immediate full return to service of 1 liquefaction train, that has already restarted, […]

INEOS Makes Major $1.4bn Acquisition of US Onshore Assets

(INEOS, 21.Feb.2023) — INEOS Energy is entering US oil and gas production for the first time with the acquisition of a portion of Chesapeake Energy’s oil and gas assets in the Eagle Ford shale, south Texas for $1.4bn. Highlights: The world is critically dependent upon oil and gas as a […]

Port of Corpus Christi Eyes Integrated Regional Clean Hydrogen Hub

(Port of Corpus Christi, 14.Feb.2023) — The US Department of Energy (DOE) Office of Clean Energy Demonstration has encouraged both the Port of Corpus Christi Horizons Clean Hydrogen Hub (HCH2) and Trans Permian (Trans Permian) H2Hub to submit full applications through the DOE Regional Clean Hydrogen Hubs Program. Today, the Port of […]

Noble on Persons Discharging Responsibilities

(Noble, 17.Feb.2023) — Noble Corporation plc (CSE: NOBLE, NYSE: NE) announces a correcting of the announcement of 3 October 2022 regarding transactions made by persons discharging managerial responsibilities. In the announcement of 3 October 2022, it was stated that Blake A. Denton and Joey M. Kawaja exchanged 3,076 shares of […]

Shell Starts Production at Vito in US GOM

(Shell, 16.Feb.2023) — Shell Offshore Inc., a subsidiary of Shell plc, announced that production has started at the Shell-operated Vito floating production facility in the US Gulf of Mexico (GoM). With an estimated peak production of 100,000 barrels of oil equivalent per day, Vito is the company’s first deep-water platform […]

Entergy Reports Initiates 2023 Earnings Guidance

(Entergy, 16.Feb.2023) — Entergy Corporation (NYSE: ETR) reported fourth quarter 2022 earnings per share of 51 cents on an as-reported and adjusted basis (non-GAAP). For the full year, the company reported 2022 earnings per share of $5.37 on an as-reported basis and $6.42 on an adjusted basis. “We finished 2022 strong and delivered meaningful outcomes for our […]

East Palestine Update, Community, Environmental Monitoring

(Norfolk Southern, 16.Feb.2023) — Norfolk Southern Corporation (NYSE: NSC) provided an update on environmental monitoring and community assistance for the Village of East Palestine, Ohio. To date, Norfolk Southern has: Completed nearly 500 in-home air tests in conjunction with the U.S. EPA and other governmental agencies. In-home air monitoring has not detected substances […]

Newpark Resources Reports 4Q:22 Results

(Newpark Resources, 16.Feb.2023) — Newpark Resources, Inc. (NYSE: NR) announced results for its fourth quarter ended 31 December 2022. Total revenues for the fourth quarter of 2022 were $225.2mn compared to $219.9mn for the third quarter of 2022 and $179.6mn for the fourth quarter of 2021. Net income for the fourth quarter of 2022 was $9.0mn, or $0.10 per diluted […]

High Quality Oil and Gas Supplies are Scarce, WoodMac Says

(WoodMac, 16.Feb.2023) — The energy transition will require oil and gas for decades to come, but the supply of lower-cost, lower-carbon “advantaged” barrels remain scarce, threatening emissions targets and causing upstream providers to pivot to new strategies, according to “Scraping the Barrel” a new Horizons analysis from Wood Mackenzie. Wood Mackenzie’s analysis […]

Sempra to Develop NatGas Transportation Infrastructure in Mexico

(Sempra, 14.Feb.2023) — Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), Mexico’s Federal Electricity Commission (Comisión Federal de Electricidad, CFE), and Carso Energy, a subsidiary of Grupo Carso, announced today a Memorandum of Understanding (MOU) to advance a potential strategic alliance for the joint development of natural gas […]

Talos Energy Completes Acquisition of EnVen Energy Corporation

(Talos, 13.Feb.2023) — Talos Energy Inc. (NYSE: TALO) announced the completion of its previously announced acquisition of EnVen Energy Corporation. The company expects to provide 2023 financial and operational guidance for the combined company to investors concurrently with the fourth quarter and full year 2022 earnings press release to be issued on Tuesday, […]

Bechtel Company Assumes Responsibility of Waste Isolation Pilot Plant

(Bechtel, 10.Feb.2023) — A Bechtel company, Salado Isolation Mining Contractors LLC (SIMCO), has assumed responsibility for managing and operating the only deep underground repository for defense-related transuranic nuclear waste in the United States, the Waste Isolation Pilot Plant (WIPP) in New Mexico. SIMCO is a single-purpose entity whose parent organization is Bechtel […]

Flowserve Acquires Velan in $245mn All-cash Deal

(Flowserve, 10.Feb.2023) — Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, and Velan Inc. (TSX: VLN), a leading manufacturer of highly engineered industrial valves, today announced that they have entered into a definitive agreement (the “Arrangement Agreement”) under which Flowserve will […]

Enbridge Advances Strategic Priorities, Reports Strong 2022 Financial Results

(Enbridge, 10.Feb.2023) — Enbridge Inc. (TSX: ENB) (NYSE: ENB) reported strong fourth quarter and full year 2022 financial results, reaffirmed its 2023 financial outlook and provided a quarterly business update. Highlights(All financial figures are unaudited and in Canadian dollars unless otherwise noted. * identifies non-GAAP financial measures. Please refer to Non-GAAP Reconciliations Appendices.) […]

Bristow Announces New Organization Structure

(Bristow, 9.Feb.2023) — Bristow Group Inc. (NYSE: VTOL) took action today to better support its existing business and future growth plans by reorganizing the company’s leadership team to align with its main service lines – Government Services and Offshore Energy Services. Given the increased scale and geographic scope of Bristow’s Government […]

Chevron Drops Its 2022 Methane Report [PDF Download]

(Energy Analytics Institute, 9.Feb.2023) — California-based energy giant Chevron Corporation released its 2022 methane report, which it said builds on its climate change-related reporting and provides detailed information on its ongoing work to reduce methane intensity and improve methane emissions inventories. “We recognize the challenges and opportunities in the evolving […]

Seaside LNG Acquires LNG Bunker Barge from TOTE Maritime Puerto Rico

(Seaside, 9.Feb.2023) — Seaside LNG announced the acquisition of the liquefied natural gas fueling barge the Clean Jacksonville from TOTE Maritime Puerto Rico, LLC, a subsidiary of TOTE Group, LLC. Seaside LNG’s maritime transportation company, Polaris New Energy, has contracted to continue fueling TOTE’s Marlin Class LNG-powered container ships and other commercial […]

NovoHydrogen Closes Seed Financing and Finalizes Board of Directors

(NovoHydrogen, 7.Feb.2023) — NovoHydrogen, a leading renewable hydrogen project developer, today announced that it has closed its seed funding round and officially appointed four esteemed executives to its board of directors. With the board’s guidance throughout 2022, the company has already produced impressive results including the accelerated development of its […]

Mexico Pacific to Sell LNG from Sonora Export Plant to Exxon Mobil

(Reuters, 7.Feb.2023) — Mexico Pacific said that a unit of Exxon Mobil Corp had agreed to buy liquefied natural gas from the Mexican company’s proposed Saguaro Energia LNG export plant in Sonora state. Mexico Pacific said in a news release that ExxonMobil will buy about 2 million tonnes per annum […]

FMC Delivers Record 4Q:22 and 2022 Results

(FMC, 7.Feb.2023) — FMC Corporation (NYSE:FMC) today reported fourth quarter 2022 revenue of $1.62bn, an increase of 15 percent versus fourth quarter 2021, driven by robust volume and strong pricing. Excluding the impact of foreign currencies, organic revenue grew 17 percent year-over-year. On a GAAP basis, the company reported earnings of $2.17 per […]