Category: USA

EAI NRGBriefs Aug. 2022: Datanalisis, Petrobras Sempra Foundation, Diamond Offshore

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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

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(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

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(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

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(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’ […]

Energy Transfers Inks 2.1 MTPA Supply Deal with Shell

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(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

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(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?

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(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

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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.

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(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

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(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

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(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 […]

Bristow Inks Order of up to 55 BETA Technologies ALIA-250 eVTOL Aircraft

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(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

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(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

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(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 […]

NextDecade Announces 1 MTPA LNG Sale and Purchase Agreement with ExxonMobil

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(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 […]

Hess Corporation Reports 2Q:22 Results [PDF Downloads]

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(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

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(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

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(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 […]

Shell USA and Shell Midstream in Merger Deal Valued at $1.96bn

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(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

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(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

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(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

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(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 MĂłnica JimĂ©nez, VP of Corporate Affairs and Secretary General, resigning her post […]

Invenergy Launches First Green Hydrogen Project

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(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

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(Sempra, 21.Jul.2022) — Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), and Mexico’s Federal Electricity Commission (ComisiĂłn 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 PacĂ­fico LNG project in Topolobampo, Sinaloa, and […]

NRGBriefs: Bristow Inks 1.6bn 10-year Deal

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(Energy Analytics Institute, 21.Jul.2022) — Energy briefs including Bristow Helicopters Ltd (NYSE: VTOL) signing a ÂŁ1.6bn 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) […]

NRGBriefs: GYSBI’s Guyana Contract with Exxon; Cubico Wind Deals in Uruguay

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(Energy Analytics Institute, 20.Jul.2022) — Energy briefs including Cubico Sustainable Investments acquiring two operating wind projects in Uruguay from ACS; Sempra announced plans to report its 2Q:22 earnings and host a corresponding conference call on 4 Aug. 2022; and Guyana Shore Base Inc. (GYSBI) signing an 11-year extended contract with […]

Cheniere and PetroChina Sign Long-Term LNG Sale and Purchase Agreement

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(Cheniere, 20.Jul.2022) — Cheniere Energy, Inc. (NYSE American: LNG) announced that its wholly-owned subsidiary, Cheniere Marketing, LLC, has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with a subsidiary of PetroChina Company Limited. Under the SPA, PetroChina subsidiary PetroChina International Company Limited (PCI) has agreed […]

Biden and Abbas Hold Joint Press Event in Bethlehem

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(The White House, 15.Jul.2022) — What follows are remarks from a joint press statement by US President Joe Biden and President Abbas of the Palestinian National Authority. PRESIDENT ABBAS:  (As interpreted.)  Formidable President Biden, we welcome you as a dear guest of Palestine, in the city of Bethlehem, the cradle […]

ConocoPhillips and Sempra Infrastructure Ink HOA for LNG Projects

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(ConocoPhillips, 14.Jul.2022) — ConocoPhillips (NYSE: COP) today announced a potentially significant expansion of its global liquefied natural gas (LNG) business through investment in a new large-scale LNG facility under development by Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), in Jefferson County, Texas. ConocoPhillips has entered into a […]

NRGBriefs: EIA Reveals Its Estimates of US LNG Exports between 2022-23

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(Energy Analytics Institute, 12.Jul.2022) — Energy briefs including the US-based Energy Information Administration (EIA) revealing estimates of US LNG exports between 2022-2023; and Cheniere Energy, Inc. on its second quarter 2022 conference call with investors and analysts. NORTH AMERICA US — The Energy Information Administration (EIA) estimates US LNG exports […]

Equinor Buys US Energy Storage Developer

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(Equinor, 12.Jul.2022) — Equinor signed an agreement to buy a 100% stake in the US based battery storage developer East Point Energy LLC. The acquisition supports Equinor’s ambition to be a leading company in the energy transition and provides a platform for broadening our energy offerings in the US. The […]

NRGBriefs: OFAC on LPG Exports to Venezuela; Nothing Yet on Atlantic LNG

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(Energy Analytics Institute, 7.Jul.2022) — Energy briefs including the US Office of Foreign Assets Control (OFAC) authorizing certain transactions involving the exportation or reexportation of liquefied petroleum gas (LPG) to Venezuela; and the government of Trinidad and Tobago yet to announce details of partnership restructuring related to Atlantic LNG. LATIN […]

NextDecade Inks 1 MTPA LNG Sale and Purchase Agreement with Guangdong Energy Group

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(NextDecade Corp., 6.Jul.2022) — NextDecade Corporation (NASDAQ: NEXT) announced execution of a 20-year sale and purchase agreement (“SPA”) with Guangdong Energy Group for the supply of liquefied natural gas (“LNG”) from NextDecade’s Rio Grande LNG export project (“RGLNG”) in Brownsville, Texas. The SPA was completed pursuant to the Binding Heads of Agreement previously […]

Excelerate Energy Appoints Deborah Byers as Independent Director

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(Excelerate Energy, 6.Jul.2022) — Excelerate Energy, Inc. (NYSE: EE) announced that on 5 July 2022, its Board of Directors increased its size from six to seven members and appointed Deborah Byers as a new independent director effective immediately. In addition, Ms. Byers will serve as Chairperson of the Audit Committee. “We […]

NFE and Apollo Funds to Form New JV; Deal Valued at $2bn

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(New Fortress Energy, 5.Jul.2022) — New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) and Apollo (NYSE: APO) today announced that they have entered into a definitive Equity Purchase and Contribution Agreement (the “Purchase and Contribution Agreement”) to sell 11 LNG infrastructure vessels owned by NFE to a newly formed joint venture (the […]

NextDecade Inks 1 MTPA LNG Sale and Purchase Agreement with China Gas

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(NextDecade Corp., 5.Jul.2022) — NextDecade Corporation (NASDAQ: NEXT) announced execution of a 20-year sale and purchase agreement (“SPA”) with China Gas Hongda Energy Trading Co., LTD, a wholly-owned subsidiary of China Gas Holdings Limited (HKEX:00384) for the supply of liquefied natural gas (“LNG”) from NextDecade’s Rio Grande LNG export project […]

Enel Américas Announces Planned Voluntary Delisting of its Notes from the NYSE

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(Enel AmĂ©ricas, 1.Jul.2022) — Enel AmĂ©ricas S.A. (NYSE: ENIAY) announced that its Board of Directors has unanimously approved the voluntary delisting of its outstanding 4.00% Notes due 25 October 2026 (NYSE: ENIA26A) and 6.60% Notes due 1 December 2026 (NYSE: ENIA26) (collectively, the “Notes”) from The New York Stock Exchange (the “NYSE“) and deregistration with the […]

NRGBriefs: Increased US LNG Exports Could Add $73bn to US Economy

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(Energy Analytics Institute, 30.Jun.2022) — Energy briefs including Freeport LNG Development, L.P. eying a partial resumption of liquefaction operations in October 2022; and the American Petroleum Institute (API) forecasting that increasing US LNG exports could support 220,000-452,000 additional American jobs and add up to $73bn to the US economy by […]