USA Archives - Page 32 of 60 - Editores LatinPetroleum

Hess’ Guyana Developments and Low Breakeven Prices [PDF Download]

(Energy Analytics Institute, 5.Jan.2023) — Hess Corporation’s activities offshore Guyana in the Stabroek Block over the company exceptional reservoir quality and low development costs. The company’s first four developments offshore offer Brent breakeven prices less than $40/bbl. Highlights – ~$35/bbl Brent breakeven for Liza Phase 1 – ~$25/bbl Brent breakeven […]

Trinity Gas Storage Closes Financing with Transition Equity Partners

(Trinity, 4.Jan.2023) — Trinity Gas Storage, LLC announced the closing of financing by Transition Equity Partners, LLC (TEP) to advance the development of Trinity Gas Storage, a greenfield natural gas storage facility in East Texas. TEP’s investment will provide Trinity with the capital required to finalize engineering, with the goal […]

New Nucor Steel Brandenburg Plate Mill Rolls First Plate

(Nucor, 3.Jan.2023) — Nucor Corporation (NYSE: NUE) announced today that the company’s new state-of-the-art steel plate mill in Brandenburg, Kentucky, rolled its first steel plate on Friday, 30 December 2022, 2022. Nucor Steel Brandenburg will focus on final commissioning of the mill in the first quarter of 2023 and will ship the first […]

Talos Achieves Successful Results from Lime Rock and Venice Prospects

(Talos, 3.Jan.2023) — Talos Energy Inc. (NYSE: TALO) today announced that the company’s Lime Rock and Venice prospects both successfully discovered commercial quantities of oil and natural gas during sequential drilling operations in the fourth quarter of 2022. Talos holds a 60% working interest in the two deepwater discoveries, both of which are […]

Energy Analytics Institute’s NRGBriefs: December 2022

(Energy Analytics Institute, 31.Dec.2022) — Energy briefs as well as others related to finance and politics during December 2022 including Washington’s easing of sanctions on Venezuela resulting in increased US imports of that heavy/sour crude; twin-island country Trinidad and Tobago eying its annual energy conference in Port of Spain; Savannah […]

Chevron Sending Two Oil Tankers to Venezuela Under US Approval

(Reuters, 30.Dec.2022) — U.S. oil company Chevron Corp (CVX.N) is sending two oil tankers to Venezuela, one of which will load the first cargo of crude destined for the United States in nearly four years, according to a person familiar with the matter and shipping data. On Friday, a Chevron-chartered vessel approached […]

US Offers Credit for New Qualified Clean Vehicles

(IRS, 30.Dec.2022) — If you bought and placed in service a new qualified plug-in electric vehicle (EV) or fuel cell vehicle (FCV) on 1 January 2023 or later and meet certain income limitations, you may be eligible for a clean vehicle tax credit up to $7,500 under Internal Revenue Code Section 30D. […]

EDF Divests Interest in Five Wind Projects in the US

(EDF Renewables, 29.Dec.2022) — EDF Renewables North America announced today it has completed the transaction with Boralex Inc. (TSX: BLX) by which Boralex has acquired EDF Renewables’ 50-percent ownership interests in five operating wind power projects totaling 447 megawatts (MW) in Texas and New Mexico. EDF Renewables put into service all five […]

Boralex Buys 50% Stake in Five US Wind Farms

(Boralex, 29.Dec.2022) — Boralex Inc. (TSX: BLX), a leader in renewable energy, today announced it has completed the acquisition of EDF Renewables North America’s interest in five operating wind farms with a total installed capacity of 894 megawatts (MW), located in Texas and New Mexico. EDF Renewables’ interest represents 447 […]

Diesel Prices in 2023? Don’t Expect Much Relief

(Investor’s Business Day, 29.Dec.2022) — U.S. diesel prices hit all time highs in 2022 as demand surged and supplies of the critical heating and transportation fuel tightened. However, analysts expect diesel prices to come down in 2023, even as supplies will remain tight. So Ed, why don’t we start with […]

FACT BOX: Keystone Pipeline System [MAP]

(TC Energy, 29.Dec.2022) — The Keystone Pipeline System, stretching 4,324 km (2,687-miles) in length, plays a key role in delivering Canadian and U.S. crude oil supplies to markets around North America. The Canadian portion of the pipeline runs from Hardisty, AB, east through Manitoba where it turns south and crosses […]

Newpark Completes Gulf of Mexico Transactions

(Newpark Resources, 28.Dec.2022) — Newpark Resources, Inc. (NYSE: NR) completed the previously announced transactions, which effectively provide for the company’s exit from the Gulf of Mexico market. The two completed transactions include the sale of substantially all assets associated with the Gulf of Mexico completions fluids operations, as well as a separate transaction, through which […]

November 2022 – Commentary from Dan Pickering

(Pickering Energy Partners, 28.Dec.2022) — November was a generally sidewise month for energy while the S&P500 enjoyed a bear market rally. The S&P500 gained +5.6% (-13.1% YTD). Energy lagged across the board. Diversified Energy gained +1.2% (S&P 1500 Energy, S15ENRS) with subsector performance as follows – Midstream +1.1% (AMZ), Upstream/E&P […]

Sempra Inks SPA with RWE for Port Arthur LNG

(Sempra Infrastructure, 28.Dec.2022) — Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), today announced it has entered into a long-term sale and purchase agreement (SPA) with RWE Supply & Trading, a subsidiary of RWE (RWE: AG), for the supply of approximately 2.25 million tonnes per annum (Mtpa) of liquefied natural […]

Talos Successfully Completes Fall Borrowing Base Redetermination

(Talos, 27.Dec.2022) — Talos Energy Inc. (NYSE: TALO) announced that its current borrowing base was reaffirmed at $1.1bn as part of its semi-annual redetermination process for the fall of 2022. Effective upon closing of the previously announced acquisition of EnVen Energy Corporation, which is expected by early February of 2023, the xompany’s borrowing […]

Marathon Oil Completes Eagle Ford Acquisition

(Marathon, 27.Dec.2022) — Marathon Oil Corporation (NYSE: MRO) today announced the completion of its acquisition of the Eagle Ford assets of Ensign Natural Resources for a total cash consideration of $3bn after taking into account closing adjustments. The acquisition was previously announced on 2 November 2022. “We are pleased to announce the close of […]

Venture Global and Inpex Ink LNG SPA

(Venture Global, 26.Dec.2022) — Today, Venture Global LNG and Inpex Corporation announced the execution of a long-term Sales and Purchase Agreement (SPA) for the purchase of one million tonnes per annum (1 MTPA) of liquefied natural gas (LNG) for 20 years. Under the agreement, Inpex Energy Trading Singapore Pte. Ltd. […]

Biden-Harris Administration Invests Over $84mn in 36 Drought Resiliency Projects

(Bureau of Reclamation, 23.Dec.2022) — The Department of the Interior today announced a $84.7mn investment from President Biden’s Bipartisan Infrastructure Law to help 36 communities throughout the West prepare and respond to the challenges of drought. The selected projects will help bring clean, reliable drinking water to communities across the West through […]

Freeport LNG Updates on Restart of Liquefaction Facility

(Freeport LNG, 23.Dec.2022) — Freeport LNG today updated the timing of the initial restart of its liquefaction facility. The company continues to make notable progress on its path towards the restart of liquefaction operations. As of 23 December 2022, the reconstruction work necessary to commence initial operations is substantially complete, […]

The Price of Energy Insecurity

(IMF, 22.Dec.2022) — Climate change is an environmental issue. It’s also clearly an economic issue, and at the heart of the economics of climate change is energy security. The ripple effects of climate change and the impacts of energy security washed across the global economy throughout 2022, leaving few safe […]

Hess Achieves CDP Climate Change Leadership Status

(Hess, 21.Dec.2022) — Hess Corporation (NYSE:HES) has been recognized for climate change stewardship in CDP’s Climate Change Scores for 2022. Hess has earned Leadership status for 14 consecutive years from CDP, an international nonprofit organization that runs a global environmental disclosure system. This year, Hess is one of only two U.S. oil and gas producers to achieve […]

Rubio, Risch Introduce Legislation to Strengthen US-Venezuela Policy

(Marco Rubio, 20.Dec.2022) — In response to the Biden Administration’s policy of concessions to the criminal Maduro narco-regime, U.S. Senators Marco Rubio (R-FL) and Jim Risch (R-ID) introduced the Venezuelan Democracy Act. The bill would require the President to certify that Venezuela has made tangible steps toward re-establishing democracy and the […]

Uranium Energy Reports Results

(Uranium, 19.Dec.2022) — Uranium Energy Corp (NYSE American: UEC) reported, in accordance with NYSE American requirements, the filing of the company’s quarterly report on Form 10-Q for the quarter ended 31 October 2022 with the U.S. Securities and Exchange Commission (SEC). This Form 10-Q filing, which includes the company’s interim […]

Hess CEO to Participate in Goldman Sachs Global Conference

(Hess, 19.Dec.2022) — Hess Corporation (NYSE: HES) announced that John Hess, Chief Executive Officer, will participate in a Fireside Chat at the Goldman Sachs Global Energy and Clean Technology Conference on 5 January 2023 at 10:20 a.m. Eastern Time. A live webcast and a replay of the discussion will be accessible via Hess Corporation’s website. Hess Corporation is a leading global […]

Phoenix Park Acquires Minnesota Terminal

(PPGPL, 16.Dec.2022) — On 13 December 2022 Phoenix Park Gas Processors Limited (PPGPL) through its wholly owned subsidiary Phoenix Park Energy Marketing LLC (PPEM), completed its acquisition of a propane terminal located in Rush City Minnesota. The terminal was purchased from Interstate Fuel & Energy, LLC, a subsidiary of Interstate […]

Biden-Harris Admin Approves $750mn for Hydrogen Technologies

(US Department of Energy, 16.Dec.2022) — The Biden-Harris Administration, through the U.S. Department of Energy (DOE), today announced its intent to issue $750mn in funding from President Biden’s Bipartisan Infrastructure Law to dramatically reduce the cost of clean-hydrogen technologies. The funding is a crucial component of the administration’s comprehensive approach […]

Aquadrill Announces Charter Hire Agreement for the Vela

(Aquadrill, 15.Dec.2023) — Aquadrill LLC extended a charter hire agreement with a subsidiary of Diamond Offshore Drilling, Inc. (the “manager”) to provide the company’s Vela rig, an MPD outfitted 7th generation drillship, for operations in the US Gulf of Mexico for a 150 day drilling contract with a total expected contract […]

Diamondback Added to the Nasdaq – 100 Index

(Diamondback, 12.Dec.2022) — Diamondback Energy, Inc. (NASDAQ: FANG) has been added to the Nasdaq-100® Index, the top 100 largest domestic and international non-financial companies on The Nasdaq based on market capitalization. Nasdaq announced the inclusion on Friday, 9 December 2022, which will become effective prior to market open on Monday, 19 December 2022. “Diamondback […]

Cheniere on Expiration of Cash Offer for 7% Secured Notes due 2024

(Cheniere, 12.Dec.2022) — Cheniere Energy, Inc. (NYSE American: LNG) announced today the expiration of its cash tender offer to purchase any and all of the $1.25bn aggregate principal amount of the outstanding 7.000% Senior Secured Notes due 2024 issued by Cheniere Corpus Christi Holdings, LLC (“CCH”). The tender offer described […]

SSR Mining Reveals Positive Results at Seabee [PDF Download]

(SSR Mining, 12.Dec.2022) — SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) announced results from 377 diamond drill holes completed at the Seabee property in Saskatchewan, Canada, for the September, 2021 to November, 2022 exploration period (the “Exploration Period”). These results build upon, and are subsequent to, the Seabee 2021 Technical […]

PBF Energy Reveals $500mn Share Repurchase Program

(PBF Energy, 12.Dec.2022) — PBF Energy Inc. (NYSE: PBF) announced that its board of directors has authorized the repurchase of up to $500mn of PBF Class A common stock. These repurchases may be made from time to time through various methods, including open market transactions, block trades, accelerated share repurchases, privately negotiated […]

CNX Unveils Appalachia-Focused Vision for the Future

(CNX, 12.Dec.2022) — CNX Resources Corp. (NYSE: CNX) launched “Appalachia First,” its vision for the future which draws on the company’s regional leadership, core operational strengths, and innovative business model. As the region’s premier low carbon intensive natural gas development, technology, and applications company, CNX is uniquely positioned to help revolutionize Appalachia, one […]

Pembina Provides Business Update [PDF Download]

(Pembina, 12.Dec.2022) — Pembina Pipeline Corporation (TSX: PPL) (NYSE: PBA) announced today its 2023 financial guidance and a business update, including the sale of Pembina Gas Infrastructure’s (PGI) interest in the Key Access Pipeline System (KAPS). Highlights: — 2023 adjusted EBITDA guidance of $3.5bn to $3.8bn and a 2023 capital investment program of $730mn. The […]

WoodMac’s Five Key Energy Sector Developments in 2023

(WoodMac, 8.Dec.2022) — There is no doubt that 2022 has been an extremely challenging 12 months, but as the year draws to a close, there is hope. Spiralling energy costs and the impact of Russia’s war with Ukraine have had a damaging impact on the global economy, but may also […]

ExxonMobil Reveals Corporate Plan 2027

(Exxon, 8.Dec.2022) — ExxonMobil today announced its corporate plan for the next five years, with a sizeable increase in investments aimed at emission reductions and accretive lower-emission initiatives, including its Low Carbon Solutions business. The corporate plan through 2027 maintains annual capital expenditures at $20bn-$25bon, while growing lower-emissions investments to […]

UK and US Reveal New Energy Partnership

(UK Prime Minister’s Office, 7.Dec.2022) — The UK and US will work together to increase energy security and drive down prices, as part of a new energy partnership. Highlights: PM and President Biden create a new high-level bilateral group to focus on energy security, efficiency and affordability The venture will […]

Chevron Announces 2023 Capex Budgets [PDF Download]

(Chevron, 7.Dec.2022) — Chevron Corporation today announced 2023 organic capital expenditure budgets of $14bn for consolidated subsidiaries (capex) and $3bn for equity affiliates (affiliate capex), which total near the high end of the company’s guidance range. The company’s 2023 capex budget is up more than 25% from 2022 expected spend, […]

Sempra Inks Deal with ENGIE for LNG Supply from Port Arthur LNG Phase 1

(Sempra, 6.Dec.2022) — Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), announced it has entered into a long-term sale and purchase agreement (SPA) with ENGIE S.A. for the supply of liquefied natural gas (LNG) from Phase 1 of its proposed Port Arthur LNG project under development in Jefferson County, Texas. […]

North America has the Energy to Solve the Global Crisis

(TC Energy, 6.Dec.2022) — TC Energy’s President & CEO, François Poirier, shares his thoughts and perspectives on how two simple ideas can help solve the energy crisis. Our path to balancing global energy transition and continued energy security creates a maze of challenges. We need to ensure the measures we […]

CGG Reveals New Multi-Client Data Project in Southeast Arizona

(CGG, 5.Dec.2022) — CGG, a technology and Earth sciences leader, announced a new multi-client data project in Southeast Arizona focusing on exploration and development in the mining industry. The project, supported by industry funding and available to license now, will begin immediately, with final products scheduled for delivery through CGG’s […]

Exxon Mobil Raises CEO, Top Executives Base Pay

(Reuters, 5.Dec.2022) — Exxon Mobil Corp is raising the annual base salaries of its top boss and other executives for next year, the largest U.S. oil company said on Monday. Exxon Mobil’s compensation committee approved an increase in the annual salary of Chief Executive Officer Darren Woods to $1.88 million […]

Cheniere Announces Cash Tender Offer for 7% Notes due 2024

(Cheniere, 5.Dec.2022) — Cheniere Energy, Inc. (NYSE American: LNG) has commenced a cash tender offer to purchase any and all of the $1.25bn aggregate principal amount of the outstanding 7.000% Senior Secured Notes due 2024 issued by Cheniere Corpus Christi Holdings, LLC (CCH) on the terms set forth in the […]

Secretary of the Treasury on Announcement of Russian Price Cap

(US Treasury Department, 2.Dec.2022) — Secretary of the Treasury Janet L. Yellen released the following statement following the announcement of the price cap. “Together, the G7, European Union, and Australia have now jointly set a cap on the price of seaborne Russian oil that will help us achieve our goal […]

Limiting Kremlin Revenues with a Price Cap on Russian Oil

(US Treasury Department, 2.Dec.2022) — Following agreement by the 27 Member States of the European Union (EU), the members of the G7 (the United States, Canada, France, Germany, Italy, Japan, and United Kingdom) and Australia (collectively, the “Price Cap Coalition”) are joining the EU in adopting a price cap of […]

Could A Controversial Chevron Deal Be A Prelude To Venezuela’s Oil Renaissance?

(Forbes, 2.Dec.2022) — A video that state-owned oil giant Petróleos de Venezuela posted to its Twitter feed this week shows a jovial meeting between Oil Minister Tarek El Aissami and Javier La Rosa, Chevron’s CVX country head. The clip shows La Rosa arriving at what looks to be Aissami’s offices, the two laughing, […]

Chevron unlikely to invest more in Venezuela in short term

(Reuters, 1.Dec.2022, Words: 380) — Chevron Corp is unlikely to add investment in Venezuela in the next six months despite a recent U.S. license to allow it to expand its operations in the South American country, Chief Executive Michael Wirth said on Thursday. U.S. President Joe Biden’s administration last week […]

Welligence: Venezuela Sanctions Update

(Welligence, 1.Dec.2022) — Chevron Corporation has recently secured a license to renew limited operations within the country and source critical inputs necessary for processing crude, Welligence announced 1 December 2022 over LinkedIn. The terms offer restricted benefits to PDVSA Servicios Petroleros, SA as Chevron is restricted from providing payments to […]

INEOS Inks Deal for 1.4 mtpa LNG from Sempra Infrastructure

(INEOS, 1.Dec.2022) — INEOS signed a 20-year contract with Sempra Infrastructure for the supply of approximately 1.4 million tonnes per annum (mtpa) of Liquified Natural Gas (LNG) from Phase 1 of the Port Arthur LNG facility under development in Texas North America. Highlights: –The agreement includes a 20-year commitment for […]

Sempra Infrastructure Inks SPA with INEOS for Port Arthur LNG Phase 1

(Sempra, 1.Dec.2022) — Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), entered into a long-term sale and purchase agreement (SPA) with INEOS, for the supply of liquefied natural gas (LNG) from Phase 1 of its Port Arthur LNG project under development in Jefferson County, Texas. Under the SPA, INEOS has […]

Maduro Says Granting US Licenses to Chevron ‘Not Enough’

(Anadolu Agency, 1.Dec.2022) — Venezuelan President Nicolas Maduro said Wednesday that licenses and authorizations granted so far by the US to ease sanctions it imposed on Venezuela are “headed in the right direction” but are “not enough.” The easing of the oil embargo by the US government “undoubtedly goes in […]