USA Archives - Page 32 of 59 - Energy Analytics Institute (EAI)

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 […]

Eased US Sanctions on Venezuelan Oil Provide Weak Supply Boost

(FT.com, 30.Nov.2022) — The ports of the US Gulf of Mexico coast will soon resume shipments that have been absent for more than three years: tankers full of Venezuela’s heavy crude oil. The first tanker carrying about 1mn barrels could set sail as soon as this month after the US […]

Energy Analytics Institute’s NRGBriefs: November 2022

(Energy Analytics Institute, 30.Nov.2022) — Energy briefs as well as others related to finance and politics during November 2022 including Brazilian oil giant Petrobras launching its strategic plan for 2023-27; US Secretary of State Antony Blinken welcoming resumption of Venezuelan-led negotiations in Mexico City between the ruling party and opposition […]

Maduro Calls for ‘Complete Lifting’ of Oil Sanctions

(AFP, 30.Nov.2022) — Venezuelan President Nicolas Maduro said the easing of an oil embargo on his country by the United States was not enough, and called Wednesday for the total lifting of sanctions. The United States over the weekend granted energy giant Chevron a license to resume some oil operations […]

Global Deepwater Production to Increase 60% by 2030: WoodMac

(WoodMac, 29.Nov.2022) — Global deepwater production will increase 60% by 2030, reaching 17 million barrels of oil equivalent per day (boe/d), according to a new report from Wood Mackenzie, a Verisk business. Wood Mackenzie’s report ‘Global deepwater 2022 state of the industry’, highlights the sector’s expansion from 6% of upstream […]

US State Department: Joint Statement on Venezuela Negotiations

(US Department of State, 26.Nov.2022) — The following statement was released by Secretary of State Antony J. Blinken, the EU High Representative for Foreign Affairs and Security Policy Josep Borrell Fontelles, the Canadian Minister of Foreign Affairs the Honourable Mélanie Joly, and the United Kingdom Secretary of State for Foreign, […]

US Eases Venezuela Oil Sanctions After Gov’t, Opposition Ink Deal

(Al Jazeera, 26.Nov.2022) — The Biden administration on Saturday eased some oil sanctions on Venezuela after the government of Nicolas Maduro and the opposition signed a broad ‘social accord’ to create a UN-administered fund to provide humanitarian aid to the Venezuelan people. The agreement signed on Saturday in Mexico City […]

Chevron Can Resume Key Role in Venezuela’s Oil Output

(Reuters, 26.Nov.2022) — Chevron Corp on Saturday received a U.S. license allowing the second-largest U.S. oil company to expand its production in Venezuela and bring the South American country’s crude oil to the United States. The decision grants broader rights for the last big U.S. oil company still operating in […]

US Prepared to Authorize Chevron to Boost Venezuela’s Oil Output

(Reuters, 23.Nov.2022) — Chevron Corp could soon win U.S. approval to expand operations in Venezuela and resume trading its oil once the Venezuelan government and its opposition resume political talks, four people familiar with the matter said on Wednesday. A U.S. authorization for Chevron to help rebuild the country’s sagging […]

Sempra Announces Strategic Partnership with ConocoPhillips for Port Arthur LNG

(Sempra, 22.Nov.2022) — Sempra (NYSE: SRE) (BMV: SRE) announced that its subsidiary, Sempra Infrastructure, and ConocoPhillips (NYSE: COP) have executed a 20-year Sale and Purchase Agreement (SPA) for 5 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) from Phase 1 of the proposed Port Arthur LNG project under development in Jefferson County, […]

Waiving a Law May Help New England Get Easier Access to NatGas

(Connecticut Public Radio, 21.Nov.2022) — On Oct. 27, Eversource Energy President and CEO, Joe Nolan, wrote a letter to President Joe Biden warning him of the potential power shortages across New England if the region experiences sustained extreme cold. In the letter, Eversource asked for a number of proactive measures […]

Janet L. Yellen on Election of IADB President

(US Treasury, 20.Nov.2022) — Statement by Secretary of the Treasury Janet L. Yellen on Election of the President of the Inter-American Development Bank. On behalf of the United States, I wish to extend my congratulations to Ilan Goldfajn on his election as President of the IDB. The IDB plays a […]

NextEra Energy to Acquire 1,080-MW Net Interest in Portfolio

(NextEra, 18.Nov.2022) — NextEra Energy Partners, LP (NYSE: NEP) has entered into an agreement with subsidiaries of NextEra Energy Resources, LLC to acquire a 49% interest in an approximately 1.5-gigawatt renewables portfolio and approximately 100% of the indirect membership interests in an approximately 345-megawatt (MW) portfolio of operating wind assets. Immediately […]

Freeport LNG Updates on Restart of Liquefaction Facility

(Freeport LNG, 18.Nov.2022) — Freeport LNG Development, L.P. provided an update on the ongoing reconstruction and resumption of operations at its natural gas liquefaction and LNG export facility. As of 14 November the reconstruction work necessary to commence initial operations, including utilization of all three liquefaction trains, two LNG storage […]

Simon Bolivar Foundation Support Health Programs for Venezuelan, Other Migrants

(Simón Bolívar Foundation Inc., 17.Nov.2022) — Simón Bolívar Foundation Inc., the 501(c)(3) nonprofit private foundation of Citgo Petroleum Corporation, is awarding up to $1.68mn in grant funding to seven qualified charitable organizations as part of its Colombia-Ecuador-Peru Humanitarian Health Grants program. The call for grant applications for this charitable program, recognizing the vulnerable […]

Chevron to Acquire Full Ownership of Beyond6 CNG Fueling Network

(Chevron, 17.Nov.2022) — Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), announced today it signed a definitive agreement to acquire full ownership of Beyond6, LLC (B6) and its network of 55 compressed natural gas (CNG) stations across the United States from Chevron’s current B6 co-owners, a subsidiary of […]

Earthquake in Texas Oil Country Highlights Environmental Concerns

(Barrons, 16.Nov.2022) — A 5.3 magnitude earthquake hit a key oil basin in West Texas on Wednesday afternoon, and was strong enough to be felt in Austin and other parts of the state. It wasn’t immediately clear whether the quake affected oil companies’ operations, but it could add to concern […]

DENSO Announces North America Energy Policy Statement

(DENSO, 16.Nov.2022) — DENSO, a mobility supplier, has created a North America Energy Policy Statement as part of its efforts to contribute to a green and sustainable world. The policy statement demonstrates DENSO’s commitment to reducing energy use and decarbonizing operations at its North American locations, with each pushing the company closer to […]

Nucor Joining the UNs 24/7 Carbon-Free Energy Global Compact

(Nucor, 15.Nov.2022) — Nucor Corporation (NYSE: NUE) is joining the United Nations 24/7 Carbon-Free Energy Global Compact (“Compact”). Nucor is the first major industrial company to join this global effort, which is aimed at accelerating the decarbonization of the world’s electricity systems to mitigate climate change and ensure access to clean […]

IDB and IDB Invest Provided $26bn in Climate Financing over Five Years

(IDB, 14.Nov.2022) — The Inter-American Development Bank (IDB) and IDB Invest, the IDB Group‘s private-sector arm, provided more than $26bn in climate financing for Latin America and the Caribbean between 2016 and 2021. This figure represents approximately 60% of all climate financing in the region from multilateral development banks during this period. Of the total, $8.3bn went to […]