(APA, 22.Sep.2022) — APA Corporation (Nasdaq: APA) announced engagement of GHD, a privately-owned global professional services company specializing in the implementation and verification of sustainability projects. This engagement underpins APA’s commitment to protecting the environment, which includes an all employee compensation-linked goal announced earlier this year to eliminate at least […]
Category: USA
US Senators Want Secondary Sanctions on Russian Oil
(ArabNews, 21.Sep.2022) — Democratic and Republican senators on Tuesday proposed that US President Joe Biden’s administration use secondary sanctions on international banks to strengthen a price cap the Group of Seven countries plan to impose on Russian oil over Moscow’s invasion of Ukraine. Democratic Senator Chris Van Hollen and Republican […]
Starwood Energy and energyRe Launch Radial Power
(energyRe, 21.Sep.2022) — Starwood Energy Group Global, LLC and energyRe LLC announced the launch of Radial Power, LLC. Radial Power will seek to deliver best-in-class portfolio-wide distributed clean energy solutions to large real estate and C&I asset owners, while unlocking revenues from underutilized real estate, delivering cost savings, and helping […]
New Nucor Steel Plate Mill Pursuing LEED v4 Certification
(Nucor, 20.Sep.2022) — Nucor Corporation ( NYSE: NUE) announced that the new steel plate mill being built in Brandenburg, Kentucky has publicly registered to pursue LEED v4 for Building and Design certification. Nucor Steel Brandenburg is the first steel mill in the world to pursue certification under LEED v4, which is more stringent than […]
Tellurian Plunges After Axing $1bn Bond for LNG Plant
(Bloomberg, 19.Sep.2022) — Tellurian Inc. withdrew a $1 billion high-yield bond sale, leaving the future of its US natural gas export project in limbo. The stock plunged more than 24%. Citing uncertainty in the junk-bond market, the Houston-based company halted the offering of senior secured notes and warrants on Monday. Tellurian had […]
Whistler Pipeline Reveals New JV Pipeline with Cheniere
(WhiteWater, 19.Sep.2022) — WhiteWater Midstream, LLC announced that subsidiaries of Whistler Pipeline, LLC and Cheniere Energy, Inc. (NYSE American: LNG) executed agreements to move forward with the construction of the ADCC Pipeline, which is a new joint venture 42-inch pipeline that is expected to extend approximately 43 miles from the […]
Seaspan Updates on Dual-Fuel LNG Newbuilds Orders
(Energy Analytics Institute, 15.Sep.2022) — Seaspan Corporation, a wholly-owned subsidiary of Atlas Corp. ( NYSE: ATCO), revealed details related to Atlas’ 17 May 2022 press statement regarding contracts for four 7,700 TEU dual-fuel LNG containership newbuildings, subject to certain closing conditions. “Due to certain conditions in the contracts not being […]
Air Liquide Joins Fight Against Climate Change
(Air Liquide, 15.Sep.2022) — As a sign of the success of our efforts, Air Liquide has been awarded by the CDP (former Carbon Disclosure Project), with an “A-” rating in two categories, climate change and water management. This score recognizes the highest level (“Leadership Level”) of the Group’s commitment to […]
Trinidad PM Rowley Engages in Energy Talks with US VP Harris
(Office of the PM of Trinidad and Tobago, 15.Sep.2022) — Prime Minister Dr the Hon. Keith Rowley joined other regional leaders at a meeting with US Vice President, Kamala Harris today (Thursday 15 September, 2022) in Washington, DC. The CARICOM leaders had open discussions with Vice President Harris on matters […]
US Energy Development Corp. Buys Permian Assets
(US Energy, 13.Sep.2022) — US Energy Development Corporation, an exploration and production (E&P) company focused on the development of energy projects throughout North America, announced the acquisition of three separate asset packages totaling more than $60mn in the core of the Permian/Delaware Basin region. The new acquisitions involve partnering with […]
Voltus Helps Prevent Blackouts During California’s Heat Wave
(Voltus, 13.Sep.2022) — Voltus, Inc., a distributed energy resource (DER) software platform, today announced its efforts to support the California Independent System Operator (“CAISO”) during the record-breaking September heat wave. Across more than 80 discrete events between 31 August and 9 September, Voltus dispatched its entire portfolio, comprising nearly 430 […]
Llano-6 Well, Gulf of Mexico, Achieves First Production
(Hess, 13.Sep.2022) — The Llano-6 well in the Gulf of Mexico delivered first production on 4 Augustm 2022. The well is a tieback to Shell’s Auger facility. This latest achievement builds upon Hess’ Gulf of Mexico (GoM) business, which is planning increased activity based on the success of the well, […]
Hornbeck Offshore Releases Inaugural Sustainability Report
(Hornbeck, 12.Sep.2022) — Hornbeck Offshore Services, Inc. has released its inaugural sustainability report, highlighting the company’s environmental, social and governance accomplishments, and establishing a baseline for its future sustainability reporting. The inaugural report, entitled, “Taking Stock,” recognizes Hornbeck Offshore’s long-standing commitment to operating responsibly and outlines the company’s existing programs […]
US DOE Distributes $13.5mn to Support Hydroelectric Facilities
(US DOE, 9.Sep.2022) — The U.S. Department of Energy (DOE) announced the distribution of $13.5mn in incentive payments to 55 hydroelectric facilities through the Hydroelectric Production Incentive Program. The Hydroelectric Production Incentive Program supports hydropower development by providing funding for electricity generated and sold from dams and other water infrastructure throughout […]
Sempra Declares Common and Preferred Dividends
(Energy Analytics Institute, 7.Sep.2022) — The board of directors of Sempra (NYSE: SRE) (BMV: SRE) declared a $1.145 per share quarterly dividend on the company’s common stock, which is payable 15 October 2022 to common stock shareholders of record at the close of business on 23 September 2022. The board also […]
Park Systems Opens Applications Lab at Northeastern University
(Park Systems, 7.Sep.2022) — Park Systems, a supplier of Atomic Force Microscopes announced the opening of their new Eastern Regional Lab at Northeastern University‘s 14-acre Innovation Campus in Burlington, MA. The new facility is located on Boston’s Route 128 high-tech corridor, 15 miles north of the city in Building V, a new $70mn, mixed-research building with 40,000+ […]
IKAV acquires Aera Energy from Shell and ExxonMobil
(IKAV, 1.Sep.2022) — IKAV, the international asset management group, has agreed to acquire Aera Energy LLC, through two separate transactions with the joint venture subsidiaries of ExxonMobil and Shell respectively. The transactions are subject to regulatory approval. Aera is one of California’s largest oil and gas producers, accounting for nearly 25% of […]
Ryerson Acquires Howard Precision Metals
(Ryerson Holdings Corp., 1.Sep.2022) — Ryerson Holding Corporation (NYSE: RYI), a value-added processor and distributor of industrial metals, announced today its acquisition of Howard Precision Metals, Inc., one of the largest aluminum distributors in the Midwest. Based in Milwaukee, Wisconsin, Howard specializes in value-added processing services including high-quality precision cut aluminum plate and […]
Chevron Applies for Venezuela License Renewal
(Reuters, 1.Sep.2022) — Chevron Corp has asked the U.S. government to expand its license to operate in Venezuela after the oil major agreed with state-run PDVSA to revamp joint ventures in the sanctioned country, six people close to the matter said. Chevron’s authorization request is the California-based company’s latest attempt to have […]
EAI NRGBriefs Aug. 2022: Datanalisis, Petrobras Sempra Foundation, Diamond Offshore
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Aug.2022, Words: 1,699) — Energy briefs as well as others related to finance and politics during August 2022 including Petrobras announcing firm well commitments to drill exploratory wells in 2023-24; Sempra Foundation and GRID Alternatives advancing energy access for orphans and migrant youth […]
Aquadrill Announces Charter Hire Agreement for the Vela
(Aquadrill, 31.Aug.2022) — Aquadrill LLC has extended a charter hire agreement with a subsidiary of Diamond Offshore Drilling, Inc. to provide the company’s Vela rig, an MPD outfitted 7th generation drillship, for operations in the US Gulf of Mexico for a drilling contract with a minimum duration of 225 days, plus […]
Schlumberger, Aker Solutions and Subsea 7 Create Joint Venture
(Schlumberger, 30.Aug.2022) — Schlumberger, Aker Solutions and Subsea 7 announced an agreement to form a joint venture to drive innovation and efficiency in subsea production by helping customers unlock reserves and reduce cycle time. The agreement will bring together a portfolio of innovative technologies such as subsea gas compression, all-electric […]
CCUS Planned Capacity Nearing 1 Billion Tonnes Per Annum
(WoodMac, 26.Aug.2022) — The planned global carbon capture, utilisation and storage (CCUS) capacity pipeline has reached 905 million tonnes per annum (mtpa), with more than 50 new projects announced this quarter, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK). These findings come from Wood Mackenzie’s ‘CCUS Market Update for Q2 2022’ […]
OPEC+ Deepens Support for Saudi Call to Weigh Supply Curbs
(Bloomberg, 24.Aug.2022) — OPEC’s united front on possible action grew stronger, as more nations endorsed Saudi Arabia’s view that supply curbs may be needed to stabilize world oil markets. Within 48 hours of comments from Saudi Arabian Energy Minister Prince Abdulaziz bin Salman that OPEC might have to curtail production, fellow […]
Energy Transfers Inks 2.1 MTPA Supply Deal with Shell
(Energy Transfer, 24.Aug.2022) — Energy Transfer LP (NYSE: ET) announced its subsidiary, Energy Transfer LNG Export, LLC, has entered into a 20-year LNG Sale and Purchase Agreement (SPA) with Shell NA LNG LLC related to its Lake Charles LNG project. Under the SPA, Energy Transfer LNG will supply Shell 2.1 million tonnes of LNG per annum […]
Freeport LNG Eyes Partial Restart in November 2022
(Freeport LNG Development, 23.Aug.2022) — Freeport LNG Development, L.P. has completed a detailed assessment of alternatives for resuming operations at its liquefaction facility following the 8 June 2022 incident and has identified a recovery plan for reinstatement of partial operations that it believes ensures the long-term safety and integrity of […]
Inflation Reduction Act of 2022 – What it Means for You?
(US DOE, 22.Aug.2022) — One of President Biden’s signature accomplishments, the Inflation Reduction Act of 2022 (IRA), has been signed into law. This mark’s the largest investment in clean energy in our nation’s history. Along with its signature companion laws the CHIPS and Science Act and the Bipartisan Infrastructure Law of 2022, the final pieces necessary […]
AGE’s Ali Moshiri eyes revitalization of Venezuela hydrocarbon industry
HOUSTON, TEXAS (By editors at Energy Analytics Institute, 26.Aug.2022, Words: 89) — Amos Global Energy Management LLC or AGE, a Houston-based independent oil & gas company focused on the acquisition and development of international upstream assets, continues to see and pursue potential in Venezuela’s hydrocarbon industry, according to the company’s […]
ARMM Enters into Business Combination with Current Energy and Renewables Corp.
(ARMM Inc., 18.Aug.2022) — ARMM Inc. (OTCQB: ARMM) entered into a binding letter of intent with Current Energy and Renewables Corp. (“CER”), a supplier of renewable and traditional energy to commercial and industrial clients in deregulated markets. CER was established in 2017 and is headquartered in Scottsdale, Arizona. David Coburn, CER’s Chief Executive Officer, […]
NFE and Apollo Complete $2bn LNG Maritime JV
(New Fortress Energy, 15.Aug.2022) — New Fortress Energy Inc. (NASDAQ: NFE) and Apollo (NYSE: APO) have completed the previously announced Joint Venture, establishing a platform which now owns and operates 11 liquefied natural gas (“LNG”) infrastructure vessels consisting of Floating Storage and Regasification assets, Floating Storage vessels and LNG carriers. […]
Citgo Reports 2Q:22 Net Income of $1.3bn, EBITDA of $1.9bn
(Citgo, 11.Aug.2022) — Citgo Petroleum reported a second quarter net income of $1.29bn and EBITDA of $1.86bn compared to net income of $245mn and EBITDA of $518mn in the first quarter of 2022. Highlights: Reported second quarter net income of $1.29bn and EBITDA 1 of $1.86bnExceptional health, safety and environmental performanceRecord-setting refinery utilization and throughputReceived two AFPM Safety Achievement awardsReceived ILTA Safety Excellence […]
Citgo Reveals Offer to Acquire up to $286mn of its 2024 Notes
(Citgo, 11.Aug.2022) — Citgo Holding, Inc., a Delaware corporation, today announced its offer to purchase for cash an aggregate principal amount of up to $286.231mn (the “Excess Cash Flow Offer Amount”) of its 9.25% Senior Secured Notes due 2024 at a purchase price equal to 100% of the principal amount of the Notes to […]
Bristow Inks Order of up to 55 BETA Technologies ALIA-250 eVTOL Aircraft
(Bristow, 9.Aug.2022) — Bristow Group Inc. (NYSE: VTOL), a global provider of innovative and sustainable vertical flight solutions, has placed a firm order for five electrically powered vertical take-off and landing ALIA-250 (“ALIA”) aircraft manufactured by electric aviation company BETA Technologies, Inc. Bristow will also have the option to purchase […]
Devon Energy Reveals Bolt-On Eagle Ford Acquisition
(Devon, 9.Aug.2022) — Devon Energy Corp. (NYSE: DVN) entered into a definitive purchase agreement to acquire Validus Energy, an Eagle Ford operator, for total cash consideration of $1.8bn. The transaction is subject to customary terms and conditions and is expected to close at the end of the third quarter of […]
Sempra Reports 2Q:22 Earnings of $559mn
(Sempra, 4.Aug.2022) — Sempra (NYSE: SRE) (BMV: SRE) announced second-quarter 2022 earnings of $559mn, or $1.77 per diluted share, compared to second-quarter 2021 earnings of $424mn, or $1.37 per diluted share. On an adjusted basis, the company’s second-quarter 2022 earnings were $626mn or $1.98 per diluted share, compared to $504mn, or $1.63 per diluted share, in 2021. “At Sempra, we want to help ensure […]
APA Corp. Keeps 2022 Capex Unchanged at $1.725bn
(APA Corporation, 3.Aug.2022) — APA Corporation (Nasdaq: APA) announced its financial and operational results for the second-quarter 2022. APA reported net income attributable to common stock of $926mn, or $2.71 per diluted share. When adjusted for items that impact the comparability of results, most notably a $129mn release of tax […]
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NRGBriefs: Ecopetrol Virtual Press Event [Video w/ Felipe Bayón Pardo]
(Energy Analytics Institute, 3.Aug.2022) — Energy briefs including Colombia’s state-owned oil company Ecopetrol holding a virtual press event. LATIN AMERICA AND THE CARIBBEAN Colombia — Ecopetrol hosted a virtual press event on 3 Aug. 2022 w/ CEO Felipe Bayón Pardo. RELATED STORY: Ecopetrol Group Announces Second Quarter 2022 Results NORTH […]
NRGBriefs: XOM, OXY, CVX Dividends; Hess Guyana Liftings
(Energy Analytics Institute, 27.Jul.2022) — Energy briefs including US Vice President Kamala Harris speaking with Guyana’s President Mohamed Irfaan Ali about energy and other issues; the board of directors of Irving, Texas-based Exxon Mobil Corporation declaring a cash dividend of $0.88 per common stock; Hess Corporation selling 6 one-million barrels […]
NextDecade Announces 1 MTPA LNG Sale and Purchase Agreement with ExxonMobil
(NextDecade, 27.Jul.2022) — NextDecade Corporation (NASDAQ: NEXT) announced the execution of a 20-year sale and purchase agreement (“SPA”) with ExxonMobil LNG Asia Pacific (“EMLAP”), an ExxonMobil affiliate, for the supply of liquefied natural gas (“LNG”) from NextDecade’s Rio Grande LNG export project (“RGLNG”) in Brownsville, Texas. Under the SPA, EMLAP will […]
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Hess Corporation Reports 2Q:22 Results [PDF Downloads]
(Energy Analytics Institute, 27.Jul.2022) — Hess Corporation (NYSE: HES) reported net income of $667mn, or $2.15/shr common in the 2Q:22 vs a net loss of $73mn, or $0.24/shr common in the 2Q:21. RELATED STORY: Hess Announces Two More Discoveries Offshore Guyana ____________________
Cheniere and PTT Sign Long-Term LNG Sale and Purchase Agreement
(Cheniere, 26.Jul.2022) — Cheniere Energy, Inc. (NYSE American: LNG) announced that its wholly-owned subsidiary, Corpus Christi Liquefaction, LLC (“CCL”) entered into a long-term liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with PTT Global LNG Company Limited (“PTTGL”), a wholly-owned subsidiary of PTT Public Company Limited (“PTT”), Thailand’s largest […]
Global Economic Growth Slows Amid Gloomy Outlook
(IMF, 26.Jul.2022) — The global economy, still reeling from the pandemic and Russia’s invasion of Ukraine, is facing an increasingly gloomy and uncertain outlook. Many of the downside risks flagged in our April World Economic Outlook have begun to materialize. Higher-than-expected inflation, especially in the United States and major European […]
NRGBriefs: FPSO Brazil Congress 2022 in Rio de Janeiro
(Energy Analytics Institute, 25.Jul.2022) — Energy briefs including the government of the Brazilian state of Ceara teaming up with Enel Green Power Brasil to study the potential for development of green hydrogen projects; details regarding the FPSO Brazil Congress in Rio de Janeiro; and Bristow Group Inc. (NYSE: VTOL) planning to […]
Shell USA and Shell Midstream in Merger Deal Valued at $1.96bn
(Shell USA, 25.Jul.2022) — Shell USA, Inc. and Shell Midstream Partners, L.P. (NYSE: SHLX) (“SHLX”) announced they have executed a definitive agreement and plan of merger pursuant to which Shell USA will acquire all of the common units representing limited partner interests in SHLX held by the public at $15.85 per Public Common Unit in cash […]
Matson Publishes Sustainability Report for 2021
(Matson, 25.Jul.2022) — Matson, Inc. (NYSE: MATX), an U.S. carrier in the Pacific, has published its 2021 Sustainability Report that describes the company’s progress toward achieving its environmental, social and governance goals. “In a year of extraordinary disruption and upheaval in our industry, Matson devoted more attention and resources than ever […]
Reynolds Transitioning to Hybrid and Electric Vehicle Fleet
(Reynolds American, 25.Jul.2022) — Reynolds American Inc., the BAT Group‘s U.S. subsidiary, and its companies (Reynolds) is advancing its Environmental, Social & Governance (ESG) goals by transitioning its current 1,800+ vehicle trade and operations fleet to hybrid and electric models. The move will replace aging vehicles on a rolling basis […]
NRGBriefs: Biden on Gas Prices, Ecopetrol VP Resignation; Train 1 Drama
(Energy Analytics Institute, 22.Jul.2022) — Energy briefs including US President Joe Biden commenting on gas prices; Unit Corporation (OTC Pink: UNTC) reporting preliminary and unaudited selected financial and operational highlights for the 3-months ended 30 Jun. 2022; and Mónica Jiménez, VP of Corporate Affairs and Secretary General, resigning her post […]
Invenergy Launches First Green Hydrogen Project
(Invenergy, 22.Jul.2022) — Invenergy, the largest privately held global developer, owner, and operator of sustainable energy solutions, has announced its first green hydrogen project. The 5-acre Sauk Valley Hydrogen project will generate green hydrogen by utilizing power from Invenergy’s co-located solar plant and Ohmium International low-carbon, electrolyzer technology. “The Invenergy team is incredibly […]
CFE and Sempra Expand Development Deals Related to Infrastructure in Mexico
(Sempra, 21.Jul.2022) — Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), and Mexico’s Federal Electricity Commission (Comisión Federal de Electricidad, CFE), announced several agreements to advance the joint development of critical energy infrastructure projects in Mexico, including the rerouting of the Guaymas-El Oro pipeline in Sonora, the proposed Vista Pacífico LNG project in Topolobampo, Sinaloa, and […]
NRGBriefs: Bristow Inks 1.6bn 10-year Deal
(Energy Analytics Institute, 21.Jul.2022) — Energy briefs including Bristow Helicopters Ltd (NYSE: VTOL) signing a £1.6bn 10-year contract for the Second-Generation Search and Rescue Aviation program; Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) terminating its option for the Libanesa Silver-Gold Project in Argentina; Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) […]