USA Archives - Page 36 of 59 - Energy Analytics Institute (EAI)

Colombia to Promote Foreign Investment Opportunities in NYC Event

(ProColombia, 6.May.2022) — Colombia InsideOut, the country’s flagship event for the promotion of foreign investment abroad will be held next 10 and 11 May 2022, at the facilities of Citi‘s headquarters in New York City. Led by the Colombian Securities Exchange (bvc) and ProColombia, the government agency in charge of promoting […]

wpd to Sell Offshore Wind Business to Global Infrastructure Partners

(GIP, 6.May.2022) — Global Infrastructure Partners (GIP), an independent infrastructure investor, and wpd AG, a project developer and independent renewables power producer (IRPP) for onshore wind, offshore wind and solar, signed definitive agreements for GIP to acquire 100% of wpd offshore GmbH, the offshore wind business of wpd. The transaction […]

AES Expands Renewable Energy Agreement with Microsoft to California Data Centers

(AES, 5.May.2022) — The AES Corporation (NYSE: AES) today announced a 20-year agreement with Microsoft to provide renewable energy to its data centers in California. The agreement expands upon prior renewable energy agreements between the two companies, with AES supporting Microsoft in its pursuit of its 100/100/0 by 2030 goal. Microsoft, one of the world’s largest purchasers of renewable energy, will […]

AES Reveals Deals to Provide 450 MW of Renewable Energy to Amazon

(AES, 5.May.2022) — The AES Corporation (NYSE: AES) announced it has entered into two renewable energy Power Purchase Agreements (PPAs) with Amazon. As part of the agreements, AES will deliver renewable energy in the CAISO (California Independent System Operator) market and source it from a combined 450 MW of solar […]

Sempra Announces 1Q:22 Earnings of $612mn

(Sempra, 5.May.2022) — Sempra (NYSE: SRE) (BMV: SRE) today announced first-quarter 2022 earnings of $612mn, or $1.93 per diluted share, compared to first-quarter 2021 earnings of $874mn, or $2.87 per diluted share. On an adjusted basis, the company’s first-quarter 2022 earnings were $924mn, or $2.91 per diluted share, compared to $900 million, or $2.95 per diluted share, in 2021. “At Sempra, we understand […]

Pan American Silver Reveals Sustainability Report for 2021

(Pan American Silver Corp., 5.May.2022) — Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) released its 2021 Sustainability Report, describing Pan American’s efforts and performance in the areas of environment, social and governance. A Spanish version of the report will be released soon. Highlights of Pan American’s 2021 sustainability performance include: Environment Reduced greenhouse […]

AES Gets Investment Grade Rating, Reaffirms 2022 Adj. EPS Guidance

(AES, 5.May.2022) — The AES Corporation (NYSE: AES) reported financial results for the quarter ended 31 March 2022. Strategic Accomplishments With investment grade credit rating from Moody’s, attained investment grade ratings from all three major ratings agencies Signed or awarded 1.1 GW of PPAs for new renewable energy projects in the first […]

APA Corp. Reports 1Q:22 Production of 404,000 BOE/D

(APA Corporation, 4.May.2022) — APA Corporation (Nasdaq: APA) announced its financial and operational results for the first-quarter 2022. APA reported net income attributable to common stock of $1.9bn, or $5.43 per diluted share. When adjusted for items that impact the comparability of results, most notably the gains on the closing […]

Talos Energy Reveals 1Q:22 Results, Increases Borrowing Base

(Talos, 4.May.2022) — Talos Energy Inc. (NYSE: TALO) announced its operational and financial results for the first quarter of 2022 and the increase of its borrowing base under the company’s reserves-based lending (“RBL”) credit facility as part of its semi-annual redetermination process. Key Highlights: Production of 63.2 thousand barrels of oil […]

NRGBriefs: Marathon’s Equatorial Guinea Output; Murphy on Brazil and Mexico

(Energy Analytics Institute, 4.May.2022) — Energy and political briefs including Marathon Oil reporting 1Q:22 production from Equatorial Guinea of 64 net Mboe/d; the US providing over $6mn in additional humanitarian assistance to support Venezuelan refugees and migrants, and their host communities in Chile; and US Department of State Assistant Secretary […]

Marathon Oil Reports 1Q:22 Net Income of $1.3bn

(Marathon, 4.May.2022) — Marathon Oil Corporation (NYSE:MRO) reported first quarter 2022 net income of $1,304mn, or $1.78 per diluted share, which includes the impact of certain items not typically represented in analysts’ earnings estimates and that would otherwise affect comparability of results. The adjusted net income was $749mn, or $1.02 per diluted share. Net operating cash […]

Talos, Carbonvert and Chevron Propose JV to Enhance a CCS Project

(Talos, 3.May.2022) — Talos Energy Inc. (NYSE: TALO), through its Talos Low Carbon Solutions division, Carbonvert, Inc. and Chevron U.S.A., Inc., through its Chevron New Energies division, announced a memorandum of understanding (MOU) for an expanded joint venture to develop the Bayou Bend CCS offshore carbon capture and sequestration (CCS) hub […]

Livent Reports 1Q:22 Revenue of $143.5mn

(Livent Corporation, 3.May.2022) — Livent Corporation (NYSE: LTHM) reported results for the first quarter of 2022. Revenue was $143.5mn, up 17% from the fourth quarter of 2021 and 56% higher compared to the prior year. Reported GAAP net income was $53.2mn, 609% higher than the previous quarter, and 28 cents per diluted share. Adjusted EBITDA was $53.3mn, […]

ESC Partners and ENCO Utility Services Join Forces

(ESC Partners, 3.May.2022) — ESC Partners, premier choice for collaborative Smart City and Utility Transformation projects, is excited to announce its strategic partnership with ENCO Utility Services, a turnkey provider of bundled utility services for 150+ municipal and private utilities. ENCO, the leading provider of customer and utility services in the […]

Dell Technologies Solar Community Hubs Bring Technology to Remote Communities

(Dell Technologies,2.May.2022) — Dell Technologies (NYSE:Dell), in partnership with Computer Aid, Intel and Microsoft, announced its Solar Community Hubs strategy, marking an evolution in its established Solar Learning Labs program. Moving beyond technology access for education alone, the hubs improve access to technology, healthcare and workforce skills for communities in remote areas around the world. […]

NRGBriefs: FMC LatAm Sales; Rig Mobilized in Suriname

(Energy Analytics Institute, 2.May.2022) — Energy briefs including FMC Corp.’s LatAm sales rising 31% YOY in 1Q:22 “driven by robust volume growth in soybean, corn and sugarcane as well as price rises and a 6% currency tailwind”; Enel Américas (NYSE: ENIA) filing its 2021 annual report on Form 20-F w/ the […]

FMC Corp. Reports 1Q:22 Results, 31% Y-O-Y Rise in LatAm Sales

(FMC Corp., 2.May.2022) — FMC Corporation (NYSE: FMC) reported first quarter 2022 revenue of $1.35bn, an increase of 13 percent versus first quarter 2021, driven by strong demand and global pricing actions. Excluding a 3 percent headwind from foreign exchange, year-over-year sales grew 16 percent organically. On a GAAP basis, the company reported […]

Noble Reports 1Q:22 Results, Revenue Backlog of Approximately $1.9bn

(Noble, 2.May.2022) — Noble Corporation (NYSE: NE) reported first quarter 2022 results. Robert W. Eifler, President and Chief Executive Officer of Noble Corporation, stated “Our strong operational performance, highlighted by the successful commencement of operations for the Noble Gerry de Souza in Suriname, coupled with significant contracting success across the fleet, sets the stage […]

Coterra Energy Reports 1Q:22 Results, Announces Quarterly Dividend

(Coterra, 2.May.2022) Coterra Energy Inc. (NYSE: CTRA) reported first-quarter 2022 financial and operating results. On October 1, 2021, Coterra announced that the merger involving the company, which was formerly named Cabot Oil & Gas Corporation, and Cimarex Energy Co., was completed. Referenced results for the three months ended 31 March 2021 reflect only legacy Cabot. Referenced […]

ConocoPhillips Announces Executive Leadership Changes

(ConocoPhillips, 2.May.2022) — ConocoPhillips (NYSE: COP) announced that Tim Leach, previously executive vice president, Lower 48, has become advisor to the chief executive officer, effective 1 May 2022. In addition to his new role, Leach will continue serving as a member of the company’s board of directors. In conjunction with […]

Chevron Reports 1Q:22 Results, Ups Guidance for Permian Basin

(Chevron, 29.Apr.2022) — Chevron Corporation (NYSE: CVX) reported earnings of $6.3bn ($3.22 per share – diluted) for first quarter 2022, compared with $1.4bn ($0.72 per share – diluted) in first quarter 2021. Included in the current quarter were pension settlement costs of $66mn. Foreign currency effects decreased earnings by $218mn. […]

Sempra Releases 2021 Corporate Sustainability Report

(Sempra, 29.Apr.2022) — Sempra (NYSE: SRE) (BMV: SRE) released its 2021 Corporate Sustainability Report highlighting the company’s sustainable business practices in support of its five-year, $36bn capital plan to advance new investments in critical energy infrastructure. “As the owner and operator of one of North America’s largest energy networks, we have a critical role to play […]

Bristow to Buy British International Helicopter Services Limited

(Bristow, 29.Apr.2022) — Bristow Group Inc. (NYSE:VTOL) announced its plans to acquire British International Helicopter Services Limited (BIH), further enhancing its leading global Government Services business. Bristow will continue to build upon BIH’s strong relationships established through a longstanding history of serving both military and civilian markets. Bristow expects to […]

NRGBriefs: Exxon exits Sakhalin-1; LyondellBasell on seasonal demand

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 29.Apr.2022, Words: 451) — Energy briefs including Exxon discontinuing operations at the Sakhalin-1 venture; and LyondellBasell Industries (NYSE: LYB) expecting typical improvements in summer seasonal demand will extend market strength for its products. LATIN AMERICA AND THE CARIBBEAN Guyana

Exxon Mobil CEO Darren Woods on 1Q:22 Results – Earnings Transcript

(Seeking Alpha, 29.Apr.2022) — Exxon Mobil Corporation (NYSE:XOM) Q1 2022 Earnings Conference Call 29 April 2022 9:30 AM ET. Company Participants Jennifer Driscoll – VP IR Darren Woods – Chairman and Chief Executive Officer Kathy Mikells – Senior Vice President and Chief Financial Officer Conference Call Participants Phil Gresh – […]

Exxon Releases 1Q:22 Earnings Overview [PDF Downloads]

(Exxon, 29.Apr.2022) — ExxonMobil announced that it earned $5.5bn in first quarter 2022; generated $14.8bn of cash flow from operating activities, more than covering capital investment and shareholder distributions. Other highlights follow: Earnings excluding identified items were $8.8bn, an increase of more than $6bn versus the first quarter of 2021, […]

Yes Energy Announces Significant Investment from Accel-KKR

(Yes Energy,m 28.Apr.2022) — Yes Energy, a leader in North American energy market data, today announced a significant investment from Accel-KKR, a leading technology-focused, private equity firm. With this investment, Yes Energy will accelerate investment in its best-in-class power market data and product suite in order to serve its rapidly expanding market, and […]

Clorox Inks Second 12-year Renewable Energy Agreement

(The Clorox Company, 28.Apr.2022) — The Clorox Company (NYSE: CLX) signed a 12-year, 47-megawatt virtual power purchase agreement (VPPA) with Enel Green Power North America to purchase renewable electricity beginning in 2023. This deal supports its commitment to 100% renewable electricity for its US and Canada operations, one of Clorox’s environmental, social and governance goals […]

HIF Global Selects Matagorda County, Texas for eFuels Facility

(HIF Global, 28.Apr.2022) — HIF Global, in partnership with Texas Governor Greg Abbott, the Matagorda County Economic Development Corporation, and various community partners, announced its selection of Matagorda County as the location of its first industrial-scale eFuels facility in North America. When the HIF Matagorda eFuels facility is fully operational, HIF anticipates producing approximately 200 million […]

Suburban Propane Announces the Commercial Launch of Propane+rDME

(Suburban Propane Partners, 27.Apr.2022) — Suburban Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of propane, renewable energy, and related products and services today announced the commercial launch of Propane+rDME. This exciting new product combines clean, versatile and abundantly available propane with the renewable, low carbon benefits of renewable dimethyl ether […]

Hess Corp. Reports Estimated 1Q:22 Results [PDF Downloads]

(Hess, 27.Apr.2022) — Hess Corporation (NYSE: HES) reported net income of $417mn, or $1.34 per share, in the first quarter of 2022, compared with net income of $252mn, or $0.82 per share, in the first quarter of 2021. On an adjusted basis, the corporation reported net income of $404mn, or […]

US DOE Approves Golden Pass and Magnolia LNG Export Projects

(LNG Allies, 27.Apr.2022) — The US Department of Energy (DOE) approved the requests from two US LNG export project sponsors to increase the volume of US natural gas that can be exported from their facilities: Golden Pass LNG in Sabine Pass, Texas, was authorized to increase the volume of its […]

Antero Resources Reports 1Q:22 Results

(Antero, 27.Apr.2022) — Antero Resources Corporation (NYSE: AR) announced its first quarter 2022 financial and operating results. The relevant consolidated financial statements are included in Antero Resources’ Quarterly Report on Form 10-Q for the quarter ended 31 March 2022. First Quarter 2022 Highlights Include: Net production averaged 3.2 Bcfe/d, including 160 MBbl/d of liquidsRealized […]

NRGBriefs: Chevron Dividend; Guyana Oil Demand; Argentina’s LNG Growth

(Energy Analytics Institute, 27.Apr.2022) — Energy briefs including Argentina’s Economic Minister Martín Guzmán saying that the country could generate around $15bn per year from exporting LNG starting in 2027; Sempra waiting on the US DOE the approve two LNG export projects in Mexico; the BODs of US-based Chevron Corp. (NYSE: […]

Repsol Commences Producing Electricity at Jicarilla 2, its First Solar Plant in the US

(Repsol, 27.Apr.2022) — Repsol started producing electricity at its first photovoltaic plant in the United States, called Jicarilla 2, in the state of New Mexico. The facility, located on Jicarilla Apache Nation lands in Rio Arriba County, has a total installed capacity of 62.5 megawatts (MW). Jicarilla 2 will be able […]

NRGBriefs: Venezuela Receives 185 Mbbls from Iran; Pemex, Exxon 1Q:22 Conf. Calls

(Energy Analytics Institute, 25.Apr.2022) — Energy briefs including Venezuela reportedly receiving 185,000 barrels of 29-degree API petroleum from Iran; Pemex plans to host a conference call on 2 May 2022 to discuss its financial and operational results from the 1Q:22; and Exxon Mobil to hold 1Q:22 conference call on 29 […]

US Ditches Trump-era Policies for Alaska Oil Reserve

(Reuters, 25.Apr.2022) — The Biden administration on Monday overturned a controversial Trump-era policy that would have opened new swathes of Arctic Alaska to oil development. The Bureau of Land Management, part of the Department of Interior, resurrected Obama-era management policies in the National Petroleum Reserve in Alaska, a 23-million-acre (9.3 […]

NRGBriefs: Argentina’s Finance Minister Martín Guzmán Meets with IMF Executive

(Energy Analytics Institute, 23.Apr.2022) — Energy and financial briefs including Argentina’s Finance Minister Martín Guzmán holding a wide ranging discussion in the US with International Monetary Fund (IMF) First Deputy Managing Director Gita Gopinath; and between 82% and 96% of the entire Venezuelan population is said to not have access […]

Exxon Ban on LGBTQ Pride Flag Triggers Employee Backlash

(Bloomberg, 22.Apr.2022) — Exxon Mobil Corp. plans to prohibit the LGBTQ-rights flag from being flown on the corporate flagpole outside its offices during Pride month in June, prompting a furious backlash from Houston-based employees. Exxon updated company guidance on what flags can be displayed outside its offices, banning “external position […]

Greenfield Offers Energy Decommissioning for the Rocky Mountains

(Greenfield, 22.Apr.2022) — Greenfield Environmental Solutions, a decommissioning services provider for the energy sector, announced today the commencement of plugging and abandonment (“P&A”) operations in the Rocky Mountains region, including Colorado, New Mexico, Utah and Wyoming as well as the Williston Basin region in North Dakota and Montana. Greenfield is an end-to-end solutions provider for plugging and abandonment services to the […]

Third Coast Announces First Oil From the King’s Quay Floating Production System

(Third Coast, 22.Apr.2022) — Third Coast Super Holdings, LLC announced that the King’s Quay Floating Production System achieved first oil from the Khaleesi, Mormont and Samurai fields on 12 April 2022. Third Coast owns 50% of King’s Quay FPS, which is also owned in part by entities managed by Ridgewood Energy Corporation, including ILX […]

CEMEX Supplies Low-carbon Vertua® Concrete for New San Diego State University Stadium

(CEMEX, 21.Apr.2022) — CEMEX USA is supporting the construction of San Diego State University‘s (SDSU) new Snapdragon Stadium, supplying the company’s low-carbon concrete, Vertua®, and other sustainable mixes for the new state-of-the-art, 35,000-seat, multi-use facility in San Diego, Calif. General contractor Clark Construction Group broke ground on the stadium in August 2020 with Pacific Southwest Structures, […]

NRGBriefs: BHP Barbados farm-out; YPF on Form 20-F; Chevron Venezuela

HOUSTON, TEXAS (Energy Analytics Institute, 21.Apr.2022, Words: 959) — Energy briefs including Vista Oil & Gas, S.A.B. de C.V. planning to have an extraordinary shareholders’ meeting on 26 April 2022; Argentina’s Energy Secretariat Dario Martínez participating in an official ceremony in Loma Campana to inaugurate the Néstor Kirchner Gas Pipeline […]

LNG Exports Continue to Lead Growth in US Natural Gas Exports

(EIA, 20.Apr.2022) — Since the United States began exporting more natural gas than it imports on an annual basis in 2017, natural gas exports both by pipeline and as liquefied natural gas (LNG) have grown significantly. In our Short-Term Energy Outlook (STEO), we forecast that LNG exports will continue to lead the growth […]

Braskem to Participate at RAPID + TCT 2022 Conference

(Braskem, 20.Apr.2022) — Braskem (B3: BRKM3, BRKM5, and BRKM6;NYSE: BAK; LATIBEX: XBRK) announces its upcoming presence at Rapid + TCT, North America’s largest Additive Manufacturing conference, being held at Huntington Place, in Detroit, Michigan from 17-19 May 2022. The RAPID + TCT 2022 conference brings together over 100 industry leaders focused on delivering leading-edge solutions to the […]

Press Conference Offered by Prime Minister of The Republic of the Congo

(Republic of Congo, 19.Apr.2022) — In the wake of successful meetings in London and Paris, including meetings in The Republic of the Congo’s capital Brazzaville, where His Excellency Prime Minister Anatole Collinet Makosso hosted Rwandan head-of-state Paul Kagame in Washington, DC. WHO: H. E. ANATOLE COLLINET MAKOSSO, Prime Minister, The Republic of the Congo WHAT: Press Conference. The […]

NRGBriefs: Argentina Extends Austral Basin Concession for Ten Years

(Energy Analytics Institute, 19.Apr.2022) — Energy briefs including Argentina’s government issuing Decree 195/2022 to extend a hydrocarbon exploitation concession in the offshore Austral Basin granted in 1994 and which was to expire in 2031 for 10 years; Forte Minerals Corp. obtaining eligibility with the Depository Trust Company “DTC” for its […]

Holcim US Transitions Illinois Facility to Low-Carbon Portland Limestone Cement

(Holcim, 19.Apr.2022) — Following its recent rebrand and continuing its commitment to building progress for people and the planet, Holcim US announced that its Lafarge Joppa cement plant, located in Grand Chain, Illinois, has transitioned to OneCem® Portland limestone cement (PLC) production. The announcement follows the successful transitions to the lower CO2-intensive product […]

Halliburton Announces 1Q:22 Results [PDF Download]

(Halliburton, 19.Apr.2022) — Halliburton Company (NYSE: HAL) announced net income of $263mn, or $0.29 per diluted share, for the first quarter of 2022. This compares to net income for the first quarter of 2021 of $170mn, or $0.19 per diluted share. Adjusted net income for the first quarter of 2022, […]

PHX Minerals Inc. Announces Acquisition in the Haynesville

(PHX Minerals, 19.Apr.2022) — PHX Minerals Inc. (NYSE: PHX) announced a mineral and royalty acquisition targeting the Haynesville play in East Texas and Louisiana. PHX has agreed to acquire approximately 506 net royalty acres for aggregate consideration of $5,100,000 in cash from a private seller subject to customary closing adjustments. The transaction will be funded with a combination […]